A portfolio and plan as personal as you.
Portfolio Management
As your trusted partner, we help you pursue your goals by constructing a broadly diversified portfolio that is fully customized to suit your needs. Through clear communication, we help you understand what you own and why, placing your best interests above all else.
The Banyan Wealth team uses a wealth of tools and resources to gain critical insight into the risk and return characteristics of your investment options. The portfolio strategies we pursue are modeled on those used by time-tested institutions to help us select a mix of asset classes that closely match your individual preferences and appetite for risk. This approach weighs several factors – your goals, time horizon and tax implications – to create a portfolio tailored precisely to you.
Our priority is to help you make informed financial decisions about the components of your portfolio. We also take great care to assess the ongoing tax implications of your plan. When your needs and situation evolve, we adjust accordingly to help ensure we are always in sync with you and measuring up to your expectations.
Preparing for Your Financial Future
Planning for Retirement
When it comes to your financial future, the most important factor in your favor is your age. We take advantage of the time you have, regularly contributing to tax-advantaged retirement accounts and potentially boosting savings with matching funds offered by your employer.
Your goal should be to begin building up enough assets to provide adequate income to meet your needs throughout retirement – accounting for factors such as increased longevity, healthcare costs and inflation. Wherever your work or life leads you, we also assist in managing your cash flow and allocating your resources, striving to help you reach both your short- and intermediate-term goals without endangering your long-term plans. To accomplish these goals, you need a plan. That’s where we can help.
Almost to Retirement
Life has a way of throwing curveballs. As you approach the end of your career, you may have questions about what comes next or if you’re ready emotionally and financially. Together, we uncover the answers, identify and address any concerns you may have, and update your estate plan to reflect your current wishes.
We start by identifying your short- and long-term goals. When do you want to retire? Where do you want to live? How will you spend your days? Then, we estimate income and expenses for the life you’re envisioning, taking into account the unexpected and other obligations so they won’t catch you unprepared.
If you need to play catch up, we examine the best way to do so by making larger contributions to your retirement accounts or possibly cutting back in other areas. We also discuss your Social Security and Medicare options with you so you’ll be ready as soon as you’re eligible.
In Retirement
With the right plan, we bring your vision into sharper focus so you can enjoy the lifestyle you want and deserve. Keep in mind that the planning doesn’t stop when your paychecks end. It’s a continuous process that continues through retirement.
We analyze your current situation to help you remain on track to pursue all you’ve envisioned from retirement, identifying sources of income and expenses to create and adhere to a tax-efficient withdrawal strategy. We make the most of your assets and income streams by creating a steady and sustainable income strategy, consolidating accounts, if necessary, to effectively recreate the predictable cash flow of a steady paycheck and ensuring contributions to your philanthropic interests.
Your needs and wants will change during this time. We reevaluate your plan so you can maintain a clear picture of the kind of lifestyle you desire, reassessing your short and long-term goals, as well as your risk tolerance in retirement. We also make sure you have the proper up-to-date documentation to help ensure your legacy is well preserved and wishes are respected. As your life changes, so will your plan. We will have scheduled reviews regarding your plan and make adjustments, as needed, along the way.
FAQ
Portfolio management is the art and science of making decisions about investment mix and policy, matching investments to objectives, asset allocation for individuals and institutions, and balancing risk against performance. It involves determining the strengths, weaknesses, opportunities, and threats in the choice of debt vs. equity, domestic vs. international, growth vs. safety, and many other trade-offs encountered in the attempt to maximize returns at a given appetite for risk. Effective portfolio management is crucial for individuals and institutions to meet specific investment goals and to align their financial objectives with their risk tolerance.
Portfolio management is a comprehensive approach that looks at the holistic view of an investor’s financial goals and risk tolerance, while stock picking focuses on selecting individual stocks based on potential for market outperformance. Portfolio management considers a range of investment vehicles, such as bonds, stocks, and mutual funds, and aims to balance risk against the performance of the entire portfolio. It involves strategic asset allocation, diversification, and rebalancing to align with the investor’s objectives, whereas stock picking is more about speculating on individual stocks’ potential gains without the broader context of overall financial goals.
Active portfolio management involves actively managing a fund or portfolio by a manager or team of managers who make investment decisions based on research, forecasts, and their own judgment and experience. The goal is to outperform an investment benchmark index or target return. In contrast, passive portfolio management involves choosing a portfolio that mirrors a market index in composition and performance. It is based on the belief that it is difficult to beat the market consistently, so it focuses on long-term investment and lower fees. Both strategies have their own advantages and are suitable for different types of investors depending on their risk tolerance, investment goals, and belief in market efficiency.
Successful portfolio management hinges on several key elements: Clear understanding of investment goals and risk tolerance; Strategic asset allocation that aligns with these goals and risks; Regular review and rebalancing to maintain the desired asset allocation; Diversification to spread risk across various asset classes; Performance measurement to evaluate the portfolio’s progress towards its goals. Additionally, effective communication and a strong relationship between the investor and portfolio manager can significantly contribute to achieving the desired outcomes.
The frequency of portfolio review and rebalancing depends on various factors, including the investment strategy, market conditions, and changes in the investor’s goals or risk tolerance. Typically, a portfolio should be reviewed at least annually. However, more frequent reviews may be necessary in volatile markets or if there are significant life changes. Rebalancing is typically done whenever the portfolio’s asset allocation drifts significantly from its target due to differing returns among various assets. The key is to ensure the portfolio continually aligns with the investor’s goals and risk profile while avoiding excessive trading that can incur costs and tax implications.
*Every investor’s situation is unique and you should consider your investment goals, risk tolerance and time horizon before making any investment. Investing involves risk and you may incur a profit or loss regardless of strategy selected, including asset allocation and diversification. Raymond James and its advisors do not offer tax or legal advice.
Have Confidence With Your Financial Future.
Quality Service, Expertise, and Personalized Planning Tailored to Your Life Goals.