WhiteStone Wealth Management Services

At WhiteStone Wealth Management Services, we look at wealth management differently. We do not subscribe to the traditional method of asking prospective clients 8-10 questions about their risk preferences and ages and then using that data to determine the client's portfolio. Assets should be managed by the amount of time they are spent. This contradicts the usual 80/20 rule that most advisors adhere to. We also advocate for risk-taking. Simply put, wealth management isn't simply "asset" management. WhiteStone Wealth Management Servicesertainty as a fiduciary investment advisor firm – a big responsibility. We always work in our client's best interests. That's why we feel mitigating risk is crucial to managing wealth. David Bach, a well-known author and TV personality, strongly believes in it. The current financial planning system is over fifty years old and has its origins in the idea of the 80/20 rule. This theory holds that a portfolio made up of 40% stocks and 60% bonds will provide better risk-adjusted returns in the long run than one made up of all stocks or all bonds—diversification. While this approach has been successful in the past, its future is uncertain. As a result, WhiteStone Wealth Management Services rejects the 80/20 theory and argues that true portfolio diversification can only be achieved by using non-correlation asset classes to construct and manage client portfolios. WhiteStone rejects the 80/20 theory as not suitable for the future (WhiteStone Wealth Management Services). WhiteStone Wealth Management Services is interested in portfolio constructions. We do not believe that strategic asset allocation is the same as "asset selection and timing built on a diversified portfolio." This is not a good way for the future. "A diversified portfolio is the key to long-term success," says famous author Roger Gibson. A non-correlation-biased strategy is needed for a diversified portfolio. Many investors do not fully understand how important non-correlation is. WhiteStone Wealth Management Services uses Diversification and uses Endowment Model aspects. In today's world, individuals must be more self-reliant when it comes to their financial health (Bach). Differentiating investment from retirement planning is essential. The advice of some of the most knowledgeable global academic institutions is recommended. This is known as the Endowment Model. This philosophy acknowledges that true portfolio diversification can only be achieved with multiple asset classes. It helps construct and manage client portfolios (WhiteStone Wealth Management Services).