Annuities - Life Insurance - Long Term Care - Medicare Supplements - Risk Management

For years the so called “experts” have touted theories like Asset Allocation, Tactical Asset Allocation, Modern Portfolio Theory, and many other forms of diversification as the answer to market fluctuations.  They entice you by telling you that their techniques for fundamental or technical analysis are far superior to those of their peers.  But what have these experts really done for you?  Most anyone can make money in a good market, but how have they performed for you in the volatile times?  In the Bear Markets?  How did their charts and graphs help in predicting the fall of Enron or Bear Sterns?  You see, the problem with the norm in financial planning theory is that it all aims to predict the future.  They tell you that past performance doesn’t dictate future performance….meanwhile they just got done showing you a Morningstar report full of numbers from the last 10 years!!  What does that say about your advisor?  We don’t pretend to know anymore than you when it comes to guessing about the future, our crystal ball is as fuzzy as yours.  You’d be just as well off if you called some celebrity and her psychic friends as you would if you asked a firm if they knew what the trend of a stock, index, mutual fund, etc. would be after they looked over their charts, and read the company’s balance sheet.

At Legacy, we believe there are problems with the status quo, and we’re here to ask the tough questions and challenge your thinking.

Example: If there is another attack on American soil, a recession (here or globally), or a bear market spanning multiple years.

If so –

Diversification is a common word used around the financial world. Are you invested in a diversified portfolio? If so, how did your diversified portfolio perform for you in 2007,2008, and 2009? Is your financial advisor truly managing risk in your portfolio?

The problem with diversification is that you can’t limit your risk, and your maximum risk can’t be calculated.  What’s more is that the same thing that’s minimizing your loss is now limiting your growth!

It’s time to take a different approach.  At Legacy that’s exactly what we do.  We think outside the box and break the paradigm.  We start by protecting your portfolio from downside exposure because we know that we absolutely cannot predict the future.  Next, we find areas of risk in your entire financial portfolio; it’s not enough to look at your investment portfolio alone.  We take a comprehensive look at all areas, from tax to financials and create a plan from the top down meeting ALL of your risk management needs.  We do this all in-house with a team of CPA’s, Risk Managers, and Lawyers – so you won’t get conflicting advice from different professionals looking out for their OWN agenda.

If you’re tired of the same old lines, the same management style, the same tired excuses…Call us today!

For more information on Risk Management please contact the Legacy Wealth Management Group.