Sheaff Brock

Sheaff Brock is a fee-only registered investment advisor that is nationally recognized as one of the best in the United States. The company’s objective is to help its clients achieve financial success over the long-term. The advisors go beyond just providing investment advice. They take time to learn about their clients’ whole financial picture. They get an understanding of what each client wants in terms of life goals for himself and for his family. They evaluate where the client is at in attaining those goals and help the client plan out each step that will take him closer to achieving those goals. Every client receives personal attention every step of the way.

One of the key services offered by Sheaff Brock is financial planning. Financial planning is a critical component in any wealth-building strategy. A financial plan is much like a roadmap that takes you to where you want to go in your financial life. It includes your short-term and long-term goals. It is a guidebook on how you should spend and save in the most efficient manner.

When you have a financial plan, you take into account all of the situations that will require you to spend money, and you make contingency plans on how you will pay for these expenses. Short-term expenses might include your daily expenses like food, clothing, recreation, and other immediate needs. Long-term expenses might include your housing, your children’s college tuition, long-term medical expenses, etc. If you do not have a sound financial plan in place, you risk spending down your money too quickly on the wrong things at the wrong time. You risk falling short of your financial goals.

Sheaff Brock will help you develop a solid financial plan that will meet your financial demands and build up for your future. They will monitor how you are doing and make sure that you stay on track. As you go down this path, there will be bumps along the road that might present an unexpected financial challenge. Sheaff Brock will help you make any adjustments to your plan so that you remain on track in achieving your financial goal.

It is important to realize that Sheaff Brock is a fee-only financial advisor. Financial advisors fall into three general categories: commission-based, fee-based, and fee-only. Commission-based advisors have an incentive to direct you to certain investments from which they can earn a commission. These advisors often do not have your best interest in mind because their commission presents a conflict of interest. Fee-based advisors can charge a fee or a commission, based on what financial product is sold to you. They do not have to tell you how they receive compensation. When they direct you to invest your money in a certain way, you will not be sure if they are looking out for your interest or if they are earning a commission from the sale.

As a fee-only advisor, Sheaff Brock has a fiduciary responsibility to act only in your best interest. Their compensation does not depend on where you invest your money. They adhere to the highest codes of conduct when it comes to offering you their best financial advice that will take you to your financial goals. There is no conflict of interest. You can rely on their genuine desire to help you grow your wealth and to protect your investments.

They offer investment advice based on what you want. The investment approach can be passive or active. In passive investing, you invest based on a market index. The goal is to match your returns to that of the index and to minimize surprises along the way. Management fees tend to be on the low side because there is not a lot of turnover in your holdings.

The active approach tries to outperform the market by timing and taking advantage of market irregularities. Your holdings are actively purchased and sold based on the current market situation. This presents more risks, but it also opens up opportunities for higher returns.

The advisors at Sheaff Brock use both approaches in maximizing your returns. In doing so, they are able to maintain a level of return for you while maximizing market opportunities. They give you the best of both worlds.

When you have a reputable financial advisor like Sheaff Brock managing your assets, you can rest assured that your money is in good hands. They will help you gain control of your financial situation and will help you attain your goal.

How to start planning for the Future; Building Wealth and Wealth Management

For young people, it is all about the here and now. Making money to spend it the next day and not worrying about the future. But a lot of people between the ages of 25-30 don’t know that if they want to build wealth when they’re older then right now is the time to start making the fiscally responsible moves. So, if you’re just starting out in life, here are a couple of tips that will help you build up wealth and help manage it when the time is right.

Get into the Habit of Saving

Many people have a problem with saving. Whatever they earn suddenly vanishes into bills, student loan payments and a shopping trip or vacation before the month is out. Instead of spending all that you make in the month on unnecessary expenses, put a couple hundred aside for the month every month and it’ll make all the difference in the future. It doesn’t have to be for a specific reason, just building for a rainy day or for your future.

Budget Like You Mean it

It’s not enough to just save; you must also cut back on expenses. That’s why it isn’t so much what you make but how much you spend that matters. If a person makes $40,000 a year and another person makes $20,000 a year and both have $10,000 in mandatory expenses, then you would expect the person making more to end the year with more saved. However, if their unnecessary expenses triple their mandatory expenses, then they aren’t saving anything and the person making less is able to save more than the person making more. So, the trick to having more money left over by the end of the year is to cut out the unnecessary spending and budget so you know where all your money is going each week.

Let Your Money Grow

Many young workers in their twenties will leave a job but won’t roll over their 401(k) to their next employer’s plan or an IRA. Instead, they cash out and with a $10,000 payout they might be able to pocket $7,000 of it. However, if they continue to let their money grow, by the time they retire they could’ve had an extra $100,000. That’s why you don’t want to cash out, just continue to let your money grow and you’ll see the difference come retirement.

Don’t be Afraid to Invest

Studies have shown that 40% of young people today say they’ll never be comfortable investing in stocks. This isn’t surprising since this is the generation that survived one of the biggest recessions in years. But young people just have to shake off the goosebumps they get when thinking about stocks and see the potential in it. Since the mid-1920’s, no portfolio that consists of mostly stocks has ever lost funds in any 20-year stretch. Meanwhile, they average a gain of 10.8% a year that is more than double the return for bonds. So, with a smart investment young people can get double their initial input when they reach retirement age.

Instead of Traditional 401(k) go for the Roth 401(k)

Everyone knows that a 401(k) is a smart decision if you’re planning on retiring in the future (which most people are). However, many people don’t predict that they’ll be in a higher tax bracket once they reach retirement age; in that case, young investors want to choose a Roth 401(k) because with regular 401(k) you pay income taxes on withdrawals, that’s not the case with Roth. Choosing this option allows you to save after-tax dollars because you aren’t paying higher taxes once you start using your 401(k).

All these are little tips that could make a world of difference for you in the future. The amount of time you take planning out your financial future will help you develop your wealth and come out on top in the end. However, when all this wealth is accumulated you’ll need some assistance on how to deal with it. That’s where a financial advisor comes in.

A good Wealth Manager will help you not only maintain your wealth but increase it over time. So, you don’t want to wait until you’re at your retirement age to start dealing with the money you’ve accumulated, once you’re ready, you can seek out financial assistance and they can guide you into making fiscally responsible decisions that will get your money working for you after all the years you spent working for it. However, if you weren’t born with a million dollars, the journey to wealth starts now and will continue for decades to come. And once you’ve reached your financial goals your Bedford Indiana financial advisor will help you use your money to plan for a cozy retirement.