Asset management is one of the key areas of discussion when people first seek financial advice. And a good asset management strategy that assesses your risk profile and investment opportunities will certainly set you on the right path to achieve your financial goals. But your asset management strategy can’t be developed in isolation.
At Paxton Bridge, asset management is one of the three pillars underpinning our Wealth Activism philosophy alongside Money Mindset and Intergenerational Wealth Transfer. When all three of these areas are addressed together, the outcomes achieved are more than just financial. More and more, people want richer life experiences that allows greater connection with those that mean the most to them.
We view asset management as your opportunity to take a step back and consider not only where you are now, but also where you could be.
Our conversations about assets go deeper than a simple review of what you have now or what you want to own in the future. For us, understanding the potential income an asset can generate, as well as the risks involved, is critical in providing you with the best options. Asking “What’s the purpose of the asset?” can provide real clarity. A property or share portfolio, for example, can generate income or be held as security for future investment opportunities – each a valid purpose. There are times, however, when we ask the question and find the asset is no longer serving its purpose: a family home with strong emotional significance, or a collection of cars or artwork owned by a family member.
Ultimately, it’s your decision, but opening your mind to the possibilities is a step towards activating your wealth. Our role is to ask the questions that help you decide the most rewarding path.
If it’s been a while since you’ve looked at your asset management strategy, contact Paxton Bridge today to set up a time to talk.