Investment Blog

Have you ever thought about who will take care of your family investments after you?

During our lifetime, we invest in many places with the hope that these investments will support our retirement, our children’s future, and our family’s needs.

Many people believe they are managing their investments well and will continue to do so. They interact with brokers but not with professional advisers. They dislike the idea of someone else managing their money, even when a professional adviser could handle it better. Paying an advisory fee feels like an unnecessary cost.

A few people may generate decent returns, but many have no idea how much they are underperforming. Rising markets often hide underperformance and excessive risks. The biggest blind spot is the risk in the portfolio, which most people realize only when markets turn.

Even if your investments are doing well, you still need to ask yourself two questions.

First, who will ensure a smooth transition of all your investments to your family after you are gone? For reference, asset recovery specialists estimate that the global value of lost financial assets may already be over two hundred billion dollars based on tracked cases alone.

Second, who will manage your investments after you to provide financial security for your family? You may be good with investments, but others in your family may not know how to manage money well.

You would not want your grieving family to depend on people who might take advantage of them.

This is why your most important responsibility is to find a reliable professional adviser whom your family can trust before and after you. Someone your family is comfortable with, who understands family dynamics, and who respects the investment approach you want for your family’s needs. Someone who aligns with your values and whose way of managing money gives you confidence.

Helping families after the investor is gone is one of the most overlooked roles of a good adviser. Over the years, working with families through transitions has shown me how important it is to have a trustworthy adviser whose value goes beyond money.

For any query or discussion, you can get in touch here: https://www.truemindcapital.com/contact-us