What is important to you?
When we begin to work with a client, we start with an easygoing conversation about you and what you need.
Your answers to that question may be challenging to define, or even as simple as not being entirely clear to you. We think it is perhaps the most crucial step toward helping you reach your goals.
Maybe you’re about to retire, or are thinking about transferring ownership of a family business. Perhaps you’re considering a change in careers, or a real estate purchase. Whatever your goals, a clearly defined and monitored wealth management plan will help increase your chances of achieving them.
At The Phelps Group at Morgan Stanley*, we believe that successful client relationships go beyond providing information, ideas and strategies. We are committed to building a relationship with you based upon honesty and accountability.
Utilizing a combination of wisdom and experience, our team will work with you to develop and implement a comprehensive wealth plan based around the things that are important to you. Our mission is to use the vast resources of the firm in support of your personal goals.
A different approach – comprehensive wealth management
Many Financial Advisors talk about wealth management. But what do they really mean? Many focus solely on investments. However, true wealth management also involves risk management, credit and liquidity needs, estate planning and charitable giving – basically, any decision involving money that impacts your life. At The Phelps Group, investments are merely one part of our comprehensive wealth management approach, you are the center of it.
What is wealth management?
We believe wealth management consists of two interrelated processes: Relationship Management and Investment Consulting.
Relationship management means working with you, your existing professional network, and any advisors that may assist in your overall financial life.
Investment consulting begins with discovering your goals. We formulate an investment plan designed to help you get where you want to go, and implement that plan over time. Ongoing monitoring, rebalancing and communication occur on a regular basis.
See December On the Markets from the Global Investment Committee featuring
• "How Much Is Enough?" The equity markets have been strong this year, prompting talk of a “bubble.” Michael Wilson, chief investment officer for Morgan Stanley Wealth Management, says it’s difficult to believe a bubble is present if a lot of people are looking for one.
• "Building on a Foundation of Better Economic Growth" Morgan Stanley & Co. economists are forecasting better US economic growth in 2014 and 2015, and so we look at several sectors that could do well in that environment. Among them are home improvement retailers and nonresidential construction.
• "Time-Segmented Bucketing Your Retirement " The traditional approach to retirement wealth management is disciplined and time tested, but it may not be optimal for today’s baby-boomer retirees. This generation may want to break up their retirement funds into pieces that are managed to fund specific time periods.
Plus, look for more on economics, equities and fixed income investments.
Who is watching over your retirement? Building an investment portfolio that you hope might cover your needs down the road isn’t a substitute for a retirement plan. Call or email us and get advice that goes beyond investments. A new standard for retirement planning.
Guide to Retirement Webcast – Saving, Spending, and Investing
Please join us for a Guide to Retirement Webcast on Thursday, September 5, 2013 at 11:30 a.m. Central time.
Webcast > Login 10 minutes before the start to participate in our webcast
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Hear Ron Phelps and Jacob Hamus, Morgan Stanley, and John D’Agostino, J.P. Morgan, as they discuss issues that should be considered when developing a retirement strategy. Some of the topics that will be discussed are:
o Living expenses, health care costs, Social Security, pensions and future employment are all uncertain. But saving today is one way to prepare for a more stable tomorrow.
o Determining income needs during retirement is a complex equation. The challenge becomes managing your portfolio by withdrawing some money for today’s expenses and investing the rest for tomorrow.
o Invest for long-term growth potential and consider investing in a broader mix of assets.