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True Wealth Management

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  • 1. Personal Financial Experiences, LLC
    The Pursuit of Real Wealth…Your Dreams
    J.C. Corrigan, CFP®
  • 2. 2
    How does a Financial Advisor add value?
    Financial
    • Low cost investment vehicles
    • 3. Realized tax and transaction savings through proven re-balancing, positioning, and liquidation strategies
    • 4. Deductible Investment Expenses
    • 5. They don’t underperform their market benchmark
    • 6. They control what is controllable, with calculated confidence
    Lifestyle
    • They allow you to live the life you want
    • 7. They prevent you from making un-necessary sacrifices
    • 8. They avoid un-necessary investment risk
    • 9. They provide you with the gift of time, today and tomorrow
    • 10. They help you understand trade-offs and competing priorities
    They provide True Wealth Management, built around the things you care about
  • 11. The Elements of True Wealth Management
    Cost and Tax Efficiency
    Wealth
    Value
    Fraud
    Risk
    Positioning
    True
    Wealth
    Management
    Relationship
    Transactional
    Uncertainty
    Expensive
    Trust
    Opportunity
    Integrity
  • 12. Portfolio 1 has 5x higher hidden costs of trading and taxes
    85%1
    17%
    Portfolio 1 offers 1.03% of wealth destruction every year
    0.16%
    1.19%2
    Portfolio 2 delivers more diversification
    1713
    5,490
    Tax Efficient Management - Rebalancing, Withdrawals, etc
    Personal Planning for a lifetime of resolutions
    Portfolio 2 saves 000’s of $’s over a lifetime and Comfort and Confidence in achieving life goals
    Nifty Brochures, Luck, Cap Gain Distributions
    Blind Resume: Which portfolio would you rather have?
    Portfolio #1
    Portfolio #2
    Impact
    4
    Market benchmark less expenses
    Portfolio #2 avoids underperformance risk
    Unknown, but only 0.6% beat market benchmarks4
    Turnover Rate
    Expense Ratio
    Stocks Owned
    Value-Add
    Performance
    Portfolio Breakdown
    Portfolio 2 provides simplicity
    VTI, VEU, IEF
    The average mutual fund
    1 – Average turnover rate according to thefool.com; 2 – Average mutual fund expense ratio according to Vanguard found on Marketwatch article;
    3 - globip.com/pdf_pages/northamerjournal-vol1-article4.pdf 4 – Swiss Financial Institute, False Discoveries in Mutual Fund Performance
  • 13. Cost to your wealth and quality of life
    The cost of 1.51%
    401k balance in a Balanced Portfolio (60% Equities)
    0.28% vs. 1.79%: Impact on your life
    42K
    0.28%
    1.79%
    63
    88K
    58
    18K
    68K
    5
  • 14. Markets are naturally uncertain and subject to mis-behavior, TRUE WEALTH MANAGEMENT controls the controllable to avoid needless risk to that wealth
    6
    Our Status Reports Monitor Quarterly…
    • Portfolio Performance
    • 15. Progress toward Goals
    • 16. Review of Changes
    OVER Funded
    Your
    Portfolio
    UNDER Funded
    We provide an “Early Warning System” to rationally prepare to adjust, rather than a forecast or projection or an emotional response to life events and market volatility
  • 17. Wealth goes beyond money
    It’s the time I spend and the experiences I encounter with my wife and children today and my grandchildren tomorrow
    It’s how I can make their lives more fulfilling
    Experiencing that fulfillment, inevitably, comes at a cost – time, money, risk
    I can help prioritize and balance what is important to maximize Return On Lifestyle (ROL) for those costs by transforming smart transactions and low cost investments into more time, lower risk, and/or greater experiences
    It’s not about beating the market or chasing returns
    It’s imagining all that life can me and realizing a lifetime of aspirations
    As a husband and dad, I know…
    As a financial advisor, I believe…
    This is Wealth Management…This is the pursuit of your dreams
  • 18. The Benefits of Our Team
    Real Wealth Management That You Value
    Time
    Money
    Experiences
    Cost Effective
    Low costs and no hidden costs
    Tax Efficient
    Itemized Deduction
    Avoid the Cost of Unnecessary Risk
    Eliminate Likely Underperformance vs. Occasional Luck
    Simple
    Fewer Hassles
    Less Effort
    Better Decision Making and Control
    8