Knowing what you have and where you have it seems like a no-brainer when it comes to your money. But surprisingly, many people don't have as clear a picture as they should. As investors and investment professionals alike prepare for an inevitably bumpier road ahead, having an accurate picture of what you own, what you pay, and where your risks are will be even more critical.
After months of behind the scenes work, our team at New Market Wealth Management has just rolled out a new client portal and portfolio management system that will allow us, and more importantly our clients, to see exactly where they stand. Some highlights include:
Holistic View: Most investors have their assets spread out among different managers, funds and banks. Our seamless integration allows clients to see
everything
they own regardless of who holds or manages each account.
Overlaps: One complication with having assets spread out among many managers and investments, is the potential for overlap. Clients now have a better ability to identify overlaps at the portfolio, account, sector and security level.
Reports: Being able to "slice and dice" your data
---- whether it be performance, allocations, holdings or tax gains and losses
---- is key to staying on track. Our system allows users to create reports and view results based on any time frame or account they want.
24/7 Access: Our clients can do all the above from the comfort of their home with investment information that is updated on a daily basis.
With stock market indices at or near all-time highs, the Fed engaged in a period of tightening while simultaneously unwinding their balance sheet, and the ever-present, though unpredictable, threat of a terrorist or cyber-attack, increased volatility is on the horizon. Now more than ever it's important to look at all your investments holistically. Understanding your overall risk, reducing investment fees where possible and proactively managing your tax burden can help weather future storms and make your investment goals a reality.
Please let us know if you would like to see a demonstration of this new, exciting capability now available to our clients.
