Money Management, Family Money Management Advice Sarasota Florida
Wealth management is a broad concept due to the mass availability of investments for consumers. How should one invest and how is it determined? Several factors go into determining a well designed family money management portfolio. It first starts with you; your financial goals and dreams. We believe this stands as the foundation for your wealth management plan. A foundation may only be built through a thorough questioning process on the part of the planner and client. Once determined, some basic principals may be applied:
  • Duration/Time Horizon - How long can the portfolio grow prior to utilization
  • Risk Tolerance - What is your threshold for volatility in the financial markets
  • Diversification - Where should your assets be invested and why
  • Liquidity Needs - How much of the portfolio should be liquid
  • Taxation - Should the portfolio be defensive on tax
  • Economic Conditions - Should the portfolio change with the economy
  • Emergency Needs - Do you need an emergency fund and how is it calculated
  • Where - What vehicles should be used to manage your wealth

Once the basic principals are applied, an individual allocation can be designed. Once designed, it is monitored regularly based on the client needs. At Edward Kennedy Mason, we know every client is different. As a result, portfolio construction will vary from one to the next. This brings us to the Where Principal; Where to invest and why based on the basic principals.

There are various vehicles to choose from. Which are right for you? There is no easy way to answer this question. Remember, it begins with a foundation, your individual foundation. Once it has been established, we choose from a multiple of vehicles including but not limited to:
  • Stocks
  • Exchange Traded Funds
  • Mutual Funds
  • ADR's
  • Options
  • Annuities
  • Inverse Correlated Exchange Traded Funds
  • Bonds
  • Municipalities
  • Certificates of Deposit

In short, we are proactive, helping our clients build up, defend, and distribute their wealth. Edward Kennedy Mason is continually dedicated to the financial success of our clients. You can rest assured knowing that we have the ability to service the various aspects of your financial needs, no matter where you are on your financial journey. Whether it is for individuals, families, foundations, endowments or retirement plans - we have the tools to deliver personalized planning strategies and investment solutions.