Treat Your Wealth Like Your Health

PARKLAND, Fla. For many people, there are two main problems in life: health and wealth. When it comes to our health, we are forced to have annual checkups, seek expert advice, and develop strategies to achieve our health goals, such as diet, exercise, medication, and regular checkups. Instead, when it comes to our assets, we are taught to consult a broker, enter our profile into a computer program, and invest in the portfolio that best suits our financial goals. There is usually no follow-up and no need to worry about our ever-changing financial situation. It's not up to us to manage our money, it's about which IT model works best. Enter the Wealth Advisor... a watchdog whose only concern is your financial well-being, but what is a Wealth Advisor and how can it help you?

A wealth advisor (also called a wealth planner or financial planner) is a professional who works closely with you to understand not only your investments, but also the circumstances of your entire financial life. To better serve you, wealth advisors take a collaborative approach to your financial wellness, digging deep to discover your financial needs, concerns, goals and aspirations. Importantly, they coordinate with other professionals in your life (like your accountant, insurance agent, real estate attorney, etc.) to help you with a variety of financial matters, including coverage, insurance, tax mitigation strategies, intergenerational estate planning. and charitable giving, budgeting. , investing and retirement planning, to name a few.

Wealth managers know that building and maintaining wealth is the foundation of any sound financial plan. What sets him apart is his understanding that financial plans must be comprehensive to cover all of your life's financial needs and include marriage, divorce, death, new home, new baby, tuition fees, aging parents, and more. you must quickly adapt to such changes. Why it's so important to meet regularly with your financial advisor, just like you do with your doctor. Regular financial reviews monitor your financial health and, if necessary, develop and adjust a plan to help you reach your financial goals.

So what is the big advantage here? It is important to take care of both your wealth and your health. "Dry and forget" strategies rarely work. Just as your doctor focuses on your physical well-being (health) to live a long life, an asset management advisor focuses on your financial well-being (wealth) to live your best life. Financially.

LSIA is here to answer your financial questions. Click here to contact us.

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LS Investment Advisors, LLC (dba LSIA) is a registered investment adviser. The information provided is for educational purposes only and does not constitute an offer or solicitation to sell or buy any particular security, investment or investment strategy. Investments involve risk and are not guaranteed unless otherwise stated. Before implementing any of the strategies described here, it is important that you first consult with a qualified financial and/or tax advisor. Past results are not a guarantee of future results.

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