Comprehensive Advice
At Lloyd Tevis, we look at your entire picture. We review your total investments and your non-investment assets, i.e. social security, home equity, and earning potential. We also take into consideration your liabilities: formal debts like mortgages, credit card, alimony and child support, and your less formal debts, such as deferred taxes, moral obligations and necessary spending. Finally, we even look at the adequacy of your various insurance coverages to protect you and your finances from misfortunes. Many investment advisers take a narrow view, advising on just one account or one type of investment (e.g. 401k funds). Lloyd Tevis, by contrast, looks at the entirety of the client's financial picture.
Why Does This Matter?
- Each financial component relates to the others. For instance, how much risk you can prudently take in your investment portfolio is dependent on how much risk there is in your mortgage structure and the uncertainty of your career prospects.
- By looking at the entirety of your financial picture, we are able to find more opportunities to help you achieve your goals.
- Our ultimate goal is to make your finances work for you, your goals, your dreams, and your future. To achieve this objective, Lloyd Tevis needs to understand the contribution of each asset and to coordinate each risk so we can produce superior outcomes for you.
Comprehensive Advice Versus Financial Planning
Financial planners have a broad perspective, but they do not dig deep. They do not get into investment details; they confine their advice to basic concepts and rules of thumb. Lloyd Tevis is an investment manager. We delve deeper and get into all the details of the investment process. For instance, we give specific actionable advice on your investments. We tell you which lots of an asset to sell, where to move the cash and what to do with it.
How We Select Assets
We start by considering the risk, the return, the cost, and the tax consequences associated with each selection. Next, we consider how the selection fits into your overall investment program. Finally, we consider specific directions you have given; for instance, some clients need to limit trade during blackout periods to avoid the appearance of insider trading. Other clients may wish to have their moral commitments reflected in their portfolios and choose to avoid investing in controversial sectors such as tobacco.
Why Strong Investments Are Important
Lloyd Tevis focuses attention on investments for a simple reason: this is where the best opportunity for progress lies. For most people, career, home, and mortgages are fixed features of life and improvements come only at the margin. A smart handling of the investment portion of your life can have a big impact on your future. The difference can be as major as having independence in your old age and leaving a legacy for your children or running out of funds as you age and becoming dependent on children or others.
PRECISION INVESTINGTM MEANS INVESTMENT BASED ON A BROAD AND DEEP CONSIDERATION OF ALL RELEVANT CIRCUMSTANCES.