Mitigating risk. Preserving your financial legacy.

Risk Management

One of the most important functions we serve is helping to protect all you have worked to build. Fortunately, there are a number of ways in which our team can help. It takes the right approach, as well as steadfast discipline and diligence, to assess the risks that could derail your life goals and build a contingency plan to help limit the effects. As your experienced guide, we assess where your risk lies and determine your level of comfort with it, exploring what actions and plans to put in place to provide the level of protection you need and deserve.

After assessing your risk, the Banyan Wealth team will tailor your financial plan to prepare for the unexpected, which could include preserving your estate with long-term care insurance, building a protective cushion with life insurance, and combining protection and tax-advantaged growth opportunities with annuities. Working together, our team helps you protect your overall financial plan, your way of life and your ability to reach your goals even when the unexpected happens.Long Term Care Insurance, Annuities and Life Insurance Products may not be suitable for all investors. Guarantees are based on the claims paying ability of the insurance company. Please consult with a licensed financial professional when considering your insurance options.

*Long Term Care Insurance, Annuities and Life Insurance Products may not be suitable for all investors. Guarantees are based on the claims paying ability of the insurance company. Please consult with a licensed financial professional when considering your insurance options.Insurance and annuities offered through Raymond James Insurance Group. Raymond James & Associates Inc., and Raymond James Financial Services, Inc. are affiliated with Raymond James Insurance Group.

Maintaining, Maximizing and Securing your Tomorrow

Maintain Your Health

One of the risks we all face, regardless of age, is the potential for sudden illness, disability and, subsequently, the need for long-term care. All of these have far-reaching effects not just on your health, but on your way of life, your ability to earn income and on your overall finances. We help prepare you and your family for the unexpected by ensuring you have the right types and amounts of insurance, including disability insurance to provide income if you are unable to work.

Maximize Your Retirement

The goal of every retirement plan is much the same: to ensure that your money lasts as long as you do and, by employing a skillful approach, even longer. With the right risk-management method, accompanied by diligent review of your investments, we help mitigate the risk to your retirement savings by minimizing exposure to market uncertainties and tempering the effects of inflation on your portfolio.

Preserve Your Legacy

Over the years we have learned – and witnessed – the importance of taking the necessary steps to help protect your legacy for the generations to come. We work with your tax and legal professionals to create or update your estate plan documents, such as your will, trusts and powers of attorney, and help ensure your beneficiary designations are up to date on everything from your retirement accounts to your insurance policies.

We provide guidance from a FInancial Planning perspective regarding trust structures, including charitable-giving tools that may feature tax advantages. Whether your goal is to minimize estate taxes, help ensure you have the funds you need down the road, provide for a loved one or spell out exactly how you want your wishes to be carried out, we can help.


Risk management is the process of identifying, assessing, and controlling threats to an organization’s capital and earnings. These risks could stem from various sources including financial uncertainties, legal liabilities, technology issues, strategic management errors, accidents, and natural disasters. Effective risk management helps ensure a business understands and prepares for the risks it may encounter, either by avoiding, reducing, transferring, or accepting them to minimize potential impact on the business. It’s a proactive approach for creating and implementing plans to deal with potential risks, helping to ensure the longevity and success of the organization.

Risk management is crucial for businesses as it helps identify and address potential threats before they occur. By having a risk management plan, a business can preserve its financial health, reputation, legal position, employee safety, and environmental impact. It not only helps in saving resources, time, assets, and efforts but also aids in planning for the future. Effective risk management contributes to smooth operations, reduces legal issues, enhances business reputation, and increases the likelihood of achieving business goals.

The risk management process typically involves five key steps: Identifying the risks that could potentially impact the business; Assessing the likelihood and impact of these risks; Prioritizing the risks based on their potential impact; Implementing strategies to help mitigate the risks, such as avoiding, reducing, transferring, or accepting them; And reviewing the risks and effectiveness of measures taken. This process is dynamic and should be revisited regularly to adapt to new risks and changes in the business environment.

Effective risk mitigation involves various strategies: Avoiding the risk by not engaging in activities that carry risk; Reducing the risk by taking steps to minimize its likelihood or impact; Transferring the risk to another party, like insurance; and Accepting the risk when its potential impact is tolerable or unavoidable. The choice of strategy depends on the risk’s severity and the business’s ability to handle it. Regular training, safety measures, financial planning, insurance, and contingency planning are key components of an effective risk mitigation plan.

Risk management is proactive, focusing on identifying and mitigating potential threats before they occur to prevent crises. Crisis management, on the other hand, is reactive, dealing with a crisis after it has occurred. The aim of risk management is to foresee and plan for potential risks, thereby reducing the likelihood of a crisis. In contrast, crisis management is about managing the response to events and situations that have already disrupted or have the potential to disrupt an organization’s operations or reputation. Both are critical components of organizational strategy, but they address different phases of risk and response.

*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.

Find us

Red Bank Office

11 Wharf Ave.
Red Bank, NJ 07701


Toms River Office

74 Brick Blvd,
Bldg 2, Suite 103
Brick, NJ 08723


Saddle Brook Office

250 Pehle Ave.
Suite 200
Saddle Brook, NJ 07663