Wealthcare vs. Traditional Advisory Services

Wealthcare may seem similar to some traditional advisory services, but because the premises are completely different, the Wealthcare process produces significant additional benefits for you.  While there are many details that can be included in a retirement analysis, many of these details are immaterial to your lifetime goals.  Traditional services inconvenience you by collecting all the data you have, so the advisor can identify those few things that really make a difference.  With Wealthcare, I simply identify only those things that will make a difference, making the process much easier on you.  Traditionally, advisors are trained to "get clients to be realistic," often for the purpose of maximizing the amount you invest with them.  This "realism" ignores your aspirations, even though they may be achievable, but with Wealthcare, we identify these aspirations.

Traditional advisory services usually identify your maximum risk tolerance and then position you in a portfolio to experience it.  In reality, you may be able to have confidence in achieving your goals with a portfolio that has less risk than your maximum tolerance, and with Wealthcare, we look for this opportunity to avoid unnecessary investment risk.  Apart from positioning investors at the highest tolerable risk, the only solution offered by traditional advisory services is saving more, which while sounding noble also alters your current lifestyle.  Once again, with traditional services, this benefits the advisor by getting him more money to invest, but with Wealthcare, we can actually find a solution that allows you to decrease savings if that is one of your priorities.

Traditional services monitor investment performance, which is interesting information, but it cannot be changed and does not tell you what the performance means to you in terms of achieving your goals.  With Wealthcare, we monitor on a semi-annual basis, and on demand, not only what happened, but whether it has any impact on achieving your goals.  This can provide true peace of mind and identify both problems and opportunities in advance, before they have a major impact on your lifestyle.

Traditional advisory services not only ask you for a lot of inconvenient and unnecessary information at the beginning, but also any time you want an update.  Because of the complexity, most advisors only do this annually.  With Wealthcare, not only do we focus on just those things that matter, but if your goals and priorities haven't changed, the only thing that needs to be updated is the value of your investments, so it is easy to tell you where you stand at any point in time.  This offers you more choices and better tactical decisions since we can easily measure the impact for any question, such as: "How would it affect my plan if I spent my bonus instead of saving it?"

Finally, traditional advisory services disclose away the fact that no one has any idea of whether things will work out as projected.  Read the fine print and you will basically see that the projections should NOT be relied upon.  This leaves you completely in the dark.  While future market performance is unknowable, we actually measure how confident you can be in achieving your financial goals, and anticipate both bull and bear markets.  This can provide you with confidence that, barring extraordinarily poor market performance, things will likely go as planned, and in fact, there is at least a 75% chance that things will go better than planned.  And with our ongoing monitoring, the impact of really poor markets on your lifestyle will be identified early so corrective action can be taken before you are forced to make dramatic changes to your lifestyle.

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