Do you have an investment plan right now? Are you confident it is the right one in place? What if you do not have one in place?

No matter how you came into your money, managing your wealth can be a challenge. The decisions you make NOW and over the years to come will have a direct impact on whether you secure the financial independence you desire. How do you build your investment plan? First – define the right question for you, one that is personal and important to you. Look into the future and plan like a business. Private investors should take pages out of the “business” playbook – your investment plan must have very clear investment goals for each milestone down the road. It starts with YOU – and You must take responsibility for your portfolio. AND, if you do not build financial independence from the business you will never feel confident enough to walk away. YOU must engage the right team, stay involved with what is going on with your investments, and communicate changes in your four Fs to your wealth manager/investment planner. It is YOUR wealth, so YOU have to be responsible for protecting it.

Thank you to Dan Gavin a Principal with Bernstein Private Wealth Management and our very own succession planner, Loyd Rawls, for sharing your expert insight.

As you listen to this episode, you will walk away with key take-a-ways and will realize you will want more. Click to visit the “Burning Question” topic page to easily access the additional episodes in the series.

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Tune into more burning questions by subscribing to our blog on the right side of the page. You will receive updates when new episodes are live that will address:

  • Adjusting to the new normal for industries that rely on customer interactions
  • Messaging for business owners / leaders to share with their people in times of crisis
  • Navigating the path when some family want to work in the business & others pursue other careers
  • Addressing uncomfortable subjects that are more difficult during crisis as opposed to normal times
  • Strategies for helping a son and daughter to learn how to work together
  • Navigating business transitions when the next gen is not interested in the family business
  • Proactive strategies to position the business for the “unknown”
  • Communication tactics ease employee’s anxiety and worry
  • Managing emotions of others and self in times of stress
  • Strategies to increase sales to cover costs and create more points of revenue

With Knowledge, You Can Choose Your Best Path Forward


The Succession Planning Matrix

Preparing a business to transition from one generation to another requires a focus on 10 key areas which we call the Succession Matrix.  Click the following link for more drill down resources on The Succession Matrix

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