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Protect and Then Accumulate
By Joel Feiger
At The Bensman Group we want to be your strategic alliance for life. Our organization is positioned to help you protect, accumulate and distribute your assets. In an effort to continue to bring you timely and helpful information, Insurable Interests will begin bringing messages from other key professionals in our firm like myself.
Recently Dave Miller outlined ways to protect the assets you have accumulated. But that is just the first step in getting your financial house in order. At The Bensman Group we not only want to protect the assets you already have, but we want to help you accumulate more, so that you can live comfortably, provide for the people you love and have the kind of retirement you desire.
Asset accumulation is made up of many variables, including the amount you save and invest, the risk you are willing to take on, the investments* you choose and the way you manage your investments. All of these variables are important. For example, historically investments with greater risk have had greater returns over time, although past performance is no guarantee of future results. But if you are not comfortable with large amounts of risk, you may decide that the possibility of greater returns is not worth lying awake at night worrying.
At The Bensman Group, we have a comprehensive approach to directing your asset accumulation efforts. We start by meeting with you, your family members and your other professional advisers, such as your lawyer, accountant, banker and insurance professional. The purpose of this meeting is to develop an investment policy statement (IPS) that spells out your short-term and long-term financial needs and objectives, and outlines a plan for addressing them. We look at where you are now and where you want to be. Together, we map out when you will need money, and how much you will need, for specific purposes such as buying a new house, educating your children and providing for a comfortable retirement. We lead you through a risk assessment exercise to help you understand your tolerance for taking on investment risk.
Working with you, we examine various asset classes and strategies, and we determine an asset allocation strategy that can help you meet your short- and long-term goals. Then we review and select best-of-class investment managers and products, and we choose a technology platform to consolidate and to review portfolio products and provide meaningful information.
But the accumulation effort does not end there, because both your situation and the performance of your investments can change. We continually monitor performance, redirecting investment dollars and rebalancing your portfolio as necessary. And we meet regularly with you to review your portfolio and to make sure that the investment strategy we have put in place continues to meet your objectives.
The Bensman Group has a team of experts who will work with you to regularly evaluate your goals and objectives, and to implement unique solutions with your advisory team. Please contact me, Joel Feiger, our Chief Operating Officer or any member of our team, at 847-572-0808 to discuss how we can assist you with asset accumulation.
Please use the following link Bensman Group Referrals to contact us with the names of specific individuals that would appreciate an introduction to our firm.
* Securities and Investment Advisory Services offered through Representatives of NFP Securities, Inc., a Broker/Dealer, Member NASD/SIPC and Federally Registered Investment Advisor, 1250 Capital of Texas Highway South, Building 2, Suite 125, Austin, Texas 78746. Telephone: 512-697-6000 NFP Securities, Inc. is not affiliated with The Bensman Group.