Financial planning and advising strategies can change depending on where you’re located. Totus Wealth Management is housed in Houston, Texas, which has a thriving and competitive financial advising industry and a diverse range of firms and advisors serving the needs of clients in the city and surrounding areas. According to recent statistics, the Houston area is home to over 4,000 financial advisors who collectively manage billions of dollars in client assets. With a mix of both large financial institutions and smaller independent advisory firms, Houston offers a range of knowledge that can suit clients of any financial circumstances.
Wealth management is likely a term you’ve heard if you’re aware of your finances and financial life. Financial advisors like Totus and others all over the country offer wealth management services, which can be thought of as a holistic look at your (the client’s) financial circumstances, present and future. The services included in comprehensive wealth management include:
Investment management services help you build and manage a diversified investment portfolio that aligns with your goals and risk tolerance. Investment strategies can help you achieve long-term growth and protect your assets.
Retirement planning services help you plan for a comfortable retirement. Advisors assess your retirement needs, goals and current financial situation to create a customized plan to reach that ideal future.
Estate planning services help you protect your assets and ensure your wishes are carried out after you pass away. A comprehensive estate plan includes wills, trusts, and other legal documents, creating clear direction for all of your assets.
Tax planning services help you minimize your tax liabilities and maximize your returns. Advisors can help you identify tax-saving opportunities and create a tax-efficient plan that minimizes your tax burden.
Wealth protection services help you protect your assets against unforeseen events such as illness, disability, or death. Protective measures include insurance, trusts, and other risk management strategies based on your unique risk tolerance.
Totus Wealth Management is built on the philosophy that we consider the totality of your financial portfolio and goals so we can provide more comprehensive guidance. We value discovery, honor and respect our clients, encourage the production of wisdom together and share our wealth of resources with everyone that’s a part of our company: advisors and clients both.
At Totus, our wealth management strategies are designed for families, encouraging a myriad of clients across generations and in every stage of your life.
The four stages of financial life include: starting out, building wealth, nearing retirement and retirement. Each stage requires different planning strategies and approaches, and as you move from one stage to the next your financial plan will change with them.