OUR GOALS-BASED APPROACH TO WEALTH MANAGEMENT
Goals-Based Wealth Management (GBWM) integrates wealth planning and investment management into a cohesive, unified approach. Traditional financial planning invests your portfolio with a single risk profile and performance is measured relative to the market or benchmark performance.
In contrast, GBWM looks at what you really want to achieve with your hard-earned wealth for yourself and your family, during and after your lifetime. This is done by setting up individual goals based on your current lifestyle, and your future needs and wants. It is therefore a more complex and comprehensive process.
Once your goals are defined, your wealth manager will assist you to monetise and prioritise these goals. Your existing assets or resources are then identified and allocated to each goal, as necessary.
Each of your goals will have a unique timeline, contribution or withdrawal stream and risk profile, and as such, each goal will have a different investment strategy. Once the investment strategy has been implemented, each goal is tracked and monitored to determine if the rate of return and contributions, or withdrawals, are on track to meet your objectives.
The PCH Goals Based Wealth Management process ensures you reach your desired goals because each plan is tailor-made to suit your lifestyle and financial objectives. Constant monitoring of the progress towards each of your goals will provide reassurance during potential bad market cycles or unforeseen personal circumstances.
QUESTIONS TO HELP YOU CLARIFY YOUR WEALTH GOALS:
What is the purpose of your wealth - to maintain your lifestyle, leave a legacy or buy a super yacht?
What are your dreams for the future, for your family, your business, and to help others?
Does your wealth need you to personally manage it - how involved do you need or want to be?
Consider the next generation - are they equipped to inherit the wealth you have created?
What are the dynamics of your family - clarify what values are important to you?
What are the risks facing your family and your family’s long-term wealth?