Why Work with Us: What is Wealth Management and Why You Need It

When it comes to making smart financial decisions, having a wealth management team in your corner is essential. After all, what good is money if you don't know how to make it work for you? At Fiat Wealth Management, we teach our clients how to spend their money. We are passionate that you can balance managing your money while also living your best life. In this blog post, we want to take a few minutes to explain what wealth management is and why you need it!

In 2009, Matt Stahl and Brad Gotto decided to leave the “big box” firm in search of their independence, not just for their own benefit, but so that they could do what was in the best interests of their clients and without having anyone telling them what they should be doing for their clients. One of the most important goals that Fiat has for our clients is to remove the anxiety from their financial lives. Our clients feel support and trust that flows from Fiat, and we take pride in educating our clients on how to spend their money.

              You may ask, what is wealth management? Wealth management identifies and analyzes your values and goals, creates a plan of action, and then continuously evaluates the status of your accounts. It is important to know how to budget your money, but more importantly, how your money can work for you. The goal is to make sure the plan of action created fits into your life and then to monitor it.

The way we go about teaching you to manage your money includes a lot of time educating our clients to partner with them on making decisions that are in their best interest. Every client’s financial journey is different...it depends on their priorities, goals, and expected outcome. Our new client timeline starts with a mini-consult that is completely focused on YOU! We talk through your questions, concerns, and goals for your money. Next is the discovery visit, where we talk through everything that has to do with your financial situation. From there, Fiat comes up with a full analysis and plan of action. Throughout the process, you will be supported by the entire Fiat team, but specifically, one of our amazing advisors who will be primarily helping you through these financial decisions.

Here are some other reasons why we think it's so important to have a wealth management team working with you:

-          It provides a fresh perspective on your financial status and goals

-          You'll receive personalized advice based on your specific financial situation and goals

-          Your investments will be diversified in order to last through market ups and downs

If these reasons aren't enough to convince you that having a wealth management team in place is essential for ensuring long-term success for yourself or even an entire business, I don't know what would!

If you're passionate about starting to manage your money, but you're not ready to step into a wealth management office, here are some pointers to go through in order to start managing your money efficiently.

-          Start by creating a budget and sticking to it. This is the first and most important step in managing your money!

-          Track where every penny goes. It's impossible to make changes if you don't know where your money is currently going.

-          Pay off any high-interest debt as quickly as possible. This will save you money in the long run!

-          Save for rainy days, retirement, and other future goals. Having a cushion saved up will help reduce stress during difficult times.

These are just a few basic steps to get started on managing your finances, but they're essential building blocks that will lay the foundation for future success! So, who should use a wealth management company? If you feel like your retirement years are quickly approaching, or you're just not sure where all those extra dollars are going, it could be time to seek help from a wealth management team.

Your wealth management team will work with you to create a customized plan that fits your specific needs and goals for the future. This can include planning out retirement years by creating budgets, reducing debt through refinancing loans at lower rates, pursuing investment opportunities in order to diversify assets across multiple sectors of the economy (such as stocks), choosing appropriate insurance policies & coverage levels based on health status and family history.

At Fiat Wealth Management, we understand the importance of providing tailored wealth management services that align with our clients' unique needs and goals. We teach our clients how to spend their money, and we are confident that we can make financial decisions stress-free. Contact us today to learn more about how we can help you reach your financial dreams!

Investment advisory services are offered through Foundations Investment Advisers, LLC, an SEC registered investment adviser.