Are you maximizing your 401k / 457b account?
What are you invested in?
Do you know what you are invested in and what your funds are really designed to do? How did you choose those investments and are they the best option under the current economic environment? When was the last time you adjusted or re-balanced your account?
Are you watching world and economic events and do you know how they effect the markets?
The average person is too busy or lacks the knowledge and expertise to adequately interpret those events. Those events could significantly effect markets which subsequently could effect your retirement account.
Are you an emotional investor?
Many people who are managing their own 401k/457b accounts get emotional about the process. They hear the market is going up, want to make money, get aggressive and buy in at high valuations. The market corrects, valuations decline, the investor gets scared about the losses and gets out. The result is buying high and selling low. The exact opposite of what you want to do.
The investment options in most 401k/457b accounts are limited.
Many retirement plan accounts only have 15 to 25 investment options available for plan participants to invest in. How does the investment lineup in your plan stack up against other options in the marketplace? Do you know?
Professional Money Management addresses these issues.
Many plan participants don't realize they may have the ability to have Professional Active Management inside of their Employer sponsored 401k, 457b or 403b accounts. If your plan has a Brokerage Option, more than likely it can be professionally managed.
Common titles for Brokerage Options inside of retirement accounts are:
• Personal Choice Retirement Account (PCRA) - Schwab
• Empower Brokerage Services ( Empower)
• BrokerageLink® (Fidelity)
• Pershing – Self Directed Brokerage Account
• Princor (Principal) – Self Directed Brokerage Account
• Prudential Brokerage – Self Directed Brokerage Account
• TDAmeritrade – Self Directed Brokerage Account
• TIAA-CREF – Brokerage Services
• TRowe Price – TradeLink®
• Vanguard – Vanguard Brokerage Option (VBO)
Why use an Active money manager?
HAVING A FINANCIAL PARTNER THAT IS ON YOUR SIDE
An Active Money Manager is your fiduciary partner that works to achieve your financial goals. Your age, time horizon and risk tolerance are all taken into account to create a customized portfolio to fit what you are trying to accomplish.
When you are hard at work making a living, supporting your family and just dealing with life, your professional money manager is hard at work monitoring world and market events, researching economic conditions and finding opportunities. The goal is to add value while mitigating risk. Most investors don't have the time, temperament or knowledge to adequately manage their accounts.
It is not surprising the average investor has historically under-performed the S&P 500. According to a DALBAR study (DALBAR, Inc. is an independent expert in the financial community for evaluating, auditing and rating business practices, customer performance, and service), the average equity fund investor lost twice the money of the S&P in 2018. For more information on the DALBAR study, click here.
Complacency can be detrimental. The markets have been on a historic run but what happens on a correction or another recession? Some of the most money you will make is the money you don't lose.
Contact us to see if your plan qualifies for Professional Management.
