In the beginning of 2015, we decided to question everything we were doing to determine how we could further evolve. The industry is almost unrecognizable compared to how it was when I first started in this profession almost three decades ago. So many more tools and options have become available for delivering excellent services to clients while at the same time, providing a very satisfying career for those of us in the firm.
After a year and a half of planning, on January 3 of 2017, we launched our new Registered Investment Advisory (RIA) firm in the state of CA which enabled us to switch to serving clients solely on a flat fee basis. We believe this fee model positions us to provide our clients with the most unbiased advice possible. (If you haven’t already, download our free report, Why Investors Overpay for Financial Advice from our home page to read why we believe paying for advisory services with a percentage of your assets is not in your best interest.)
We believe the U.S. and the rest of the world has reached a juncture where it is extremely important for Americans to have a clear plan for how to successfully weather the next long-term bear market cycle. We anticipate it will arrive within the next three to five years; and maybe sooner if we experience an outlier event. It is an important time to receive professional advice to be prepared for the cycle change. (We have identified at least four financial areas we are closely monitoring that we believe could trigger the next bear market).
When the waves get choppy and there is a storm on the horizon, it important to try to navigate to calmer water. This is what we are doing for our clients. We are charting various courses to help protect them. We are guiding them toward their “personal paradise”. And we are helping them spot life’s rainbows that appear to bring each of us joy (the good things in life).
What are you doing to prepare for the next market cycle and for living your best life?