Written May 2014 by Marie DeLauretis
We completely agree with the old adage of not putting all your eggs in one basket, but you certainly want all your chickens on one farm, don’t you?
True that you should never have all your money in one investment, say one stock. But when it comes to all of your investable assets (mutual funds, stocks, bonds, etc.), we believe it is better to be with one trusted advisor or office for the simple fact that she or he will be able to see the bigger picture and advise you, the investor, better as a result. Therefore, the advisor will not put all your money in one investment (we will divide your eggs) but you would have all your investible assets (the chickens) with that one advisor or office (the farm). Now, let us take it one step further. Imagine yourself as the investor belonging to one office that could help you with all your financial planning needs: from cash flow & debt management, to tax planning, to appropriate corporate structure for those with businesses, to investments, to life and illness insurance, to Estate Planning and dare I say it, Divorce. This is the goal of DeLauretis Wealth Management Inc., with owners having a diverse background in training, education and experience; and if one of us cannot perform the duty entrusted to us, we have strong relationships to other professionals to bring into your financial planning process. You could say that we don’t put all of our eggs in one basket, but we certainly have all of our chickens on one farm!
Keep in mind that each professional in-house or brought into the plan has different fee structures or is compensated differently depending on the service.