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WHO'S NOT A FIT

Many folks who are looking for a retirement financial planner think the vetting process is a one-way street.
But the vetting goes both ways for financial planners with established practices.
We’re ready to guide you through an endless series of challenges in income planning, investment management, tax-reduction planning, health care planning and legacy planning.
We like to work with people who value our knowledge and experience in these areas and who are looking for competent caring advice.
Here are some examples of folks who are not a fit for our practice:

1

Their main concern is “hot stock tips.”
We don’t engage in stock-picking.
I don’t even do it with my own money, because research shows that it doesn’t work.*

*DALBAR. March 25, 2019. “Average Investor blown away by market turmoil in 2018: DALBAR study shows the Average Equity Fund Investor lost twice the money of the S&P in 2018.” https://www.dalbar.com/Portals/dalbar/Cache/News/PressReleases/QAIBPressRelease_2019.pdf.

2

They expect guarantees of stock market returns.
The Investment Advisors Act of 1940 doesn’t allow “guarantees,” nor should it.
If investment returns are a person’s main interest, not financial planning, then that person is not a fit for our practice.

3

People focused only on the small pieces without taking the big picture into consideration.
Your complete financial picture is painted on a large canvas.
Sometimes we need our clients to step back a bit, to see the entire painting.
Maybe it’s how filing for Social Security while still working causes unnecessary taxes on Social Security benefits, for example.
We like to work with folks who can grasp overall concepts.

4

People who have a hard time making and/or keeping appointments.
People who can’t make appointments are impossible to help because they can never meet.
People who are consistently late to their appointments can’t be allowed to eat into another client’s time, nor to waste our staff’s time.
People who repeatedly can’t keep their appointments have to be released from our practice.
In those extreme cases, I choose to resign as their advisor and help them transition their assets away from our practice.

5

They’re not engaged enough.
Some clients don’t want to schedule their annual review meetings.
They’re a bad fit for our practice because we only want to work with clients who are as invested in their annual progress, as we are.

6

People who “can only meet on weekends.”
Not only is this inconsiderate and unreasonable, but these folks also don’t place the same importance to meeting with their financial planner as they do to seeing their doctor, dentist, accountant or attorney.

7

High-maintenance clients who consume far too much time. These folks can make it hard for us to service all of our clients.

8

The stubborn and un-coachable.
All we ask is that you keep an open mind.

9

People who want to work with multiple advisors.
We pride ourselves on designing comprehensive financial plans for our clients. Working with outside advisors can add confusion and unnecessary complexity to this process.

At Preservation Wealth Management, we can offer you the following products and services:

(Click the images below to learn more about each service)

Retirement Income Strategies

Wealth Management & Investments

Asset Protection

Annuities

Life Insurance

Tax-Efficient Strategies

Long-Term Care Strategies

IRA & 401(k) Rollovers

IRA Legacy Planning
We can also refer you to professionals who provide the following services:

Trusts

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Probate

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Charitable Giving

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Estate Planning

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Tax Planning

We are an independent financial services firm helping individuals create retirement strategies using a variety of investment and insurance products to custom suit their needs and objectives.
Neither the firm nor its agents may give tax advice. Individuals are encouraged to consult with a qualified professional before making any decisions about their personal situation.
Investment advisory services provided by Steven A. Suib as an investment advisor representative of Preservation Wealth Management.
Investing involves risk, including the potential loss of principal. No investment strategy can guarantee a profit or protect against loss in periods of declining values. None of the information contained on this website shall constitute an offer to sell or solicit any offer to buy a security or any insurance product.
Any references to protection benefits or steady and reliable income streams on this website refer only to fixed insurance products. They do not refer, in any way, to securities or investment advisory products. Annuity guarantees are backed by the financial strength and claims-paying ability of the issuing insurance company. Annuities are insurance products that may be subject to fees, surrender charges and holding periods which vary by insurance company. Annuities are not FDIC insured.
The information and opinions contained in any of the material requested from this website are provided by third parties and have been obtained from sources believed to be reliable, but accuracy and completeness cannot be guaranteed. They are given for informational purposes only and are not a solicitation to buy or sell any of the products mentioned. The information is not intended to be used as the sole basis for financial decisions, nor should it be construed as advice designed to meet the particular needs of an individual’s situation.