What is important to you?
As you consider life-altering decisions such as a career change, retirement, real estate investments or transferring ownership of a family business, a comprehensive wealth management strategy becomes an integral aspect of the decision-making process. What is important as you experience significant milestones will likely change and adapt, as should your financial strategy.
What is wealth management and what does it include?
Beyond focusing exclusively on investments, true comprehensive wealth management incorporates many factors of your complete financial picture, such as risk management, credit and liquidity needs, estate planning strategies and charitable giving – essentially any decision involving finances that impact your life.
With the Phelps Group, your needs are the priority of our business. Investments are merely one aspect of an extensive wealth management approach. By utilizing our in-depth experience and industry knowledge, we work closely with our clients to develop and implement a customized wealth plan which recognizes your overall goals and relevant time frame to realize them.
A primary component of the culture at The Phelps Group stems from our ongoing communication with clients. We understand that successful relationships extend well beyond providing information, ideas and strategies. With regularly scheduled calls, relevant client events as well as community outreach, we strive to create relationships that extend beyond your financial needs.
Whenever the S&P 500 experiences a 1% move (up or down), The 1% Move posted under Investing & Market Insights, will provide guidance. Whenever you have questions about market activity, please contact us.
See February On the Markets from the Global Investment Committee featuring
• "The ECB Delivers" Michael Wilson, chief investment officer of Morgan Stanley Wealth Management, sees the European Central Bank’s recently announced Quantitative Easing plan as being larger and more credible than the market expected, showing the bank’s commitment to fighting deflationary forces. It also has implications for how investors should position their portfolios.
• "Lower Oil, Higher Dollar Lift GDP Forecast" Cheaper energy bolsters consumer spending, but could dampen capital spending later in the year. The higher dollar puts downward pressure on prices and gives consumers more purchasing power. All told, Morgan Stanley & Co.’s 2015 US GDP forecast shifts to 3.3% from 2.9%.
• "Will Consensus Earnings Ever Be Right?" In January of most years, consensus earnings estimates show, on average, a 14% earnings gain for the S&P 500 companies—a forecast that usually falls to 6%, on average, by December. This year, analysts have slashed forecasts for energy and related companies so much that the current 2015 forecast is for 2% growth, which Adam Parker, chief US equity strategist for Morgan Stanley & Co., argues is just too low.
Plus, look for more on US and global equities as well as fixed income investments.