It is a common mistake to assume that because someone has wealth they must be good at managing it. In reality, most folks have wealth because they are very good at something else, and have been richly compensated for that.
Managing wealth is like managing any other business: You need to have knowledge and expertise in the field to be good and successful at it. Doctors make poor lawyers, and accountants make terrible dentists. So, too, people who are really good at what they do, seldom have the time or inclination to become expert at something new – including wealth management.
Fortunately, they don’t need to. There are experts in taxation, estate planning, insurance, and investing that they can hire just like one would hire a plumber or electrician or carpenter. Of course, if the project at hand involves multiple disciplines, a general contractor needs to be brought in to oversee the integration of their independent work.
That’s where The Wealth Conservatory comes into play. We have senior advisors who have comprehensive expertise in all areas of wealth management. That enables them to coordinate and integrate the many fields of finance, calling in specialists as needed, to produce the outcome you desire.
If you have been good enough at what you do to have become financially successful, now is the time to start thinking about preserving and safely growing the fruits of your talent and energy. Join the Conservatory and get back to what you know and love – leaving the coordination of your various wealth advisors to us.