There are many financial advisers out there who will tell you that you can trust them to be your 'wealth manager.' This isn't a term that we use, and it's not a description that we wish to adopt. Why is that?
We are financial planners. The definition of a plan is 'a series of actions designed to achieve a stated result.' Without a Plan in place, any work that we do with you to 'manage your wealth' is likely to be meaningless.
Think about it. What's the purpose of money? Is it to simply accumulate, to lead you to ever greater levels of wealth? Or does money have an intrinsic purpose that needs to be clearly expressed if it is to work effectively for you?
Maria Nemeth, a leading clinical psychologist and creator of the 'You and Money' course, calls money 'congealed energy.' In itself, money has no purpose. It is neutral. It only acquires the purpose that we, as individuals, ascribe to it. That purpose will be different for different people.
But the purpose that you choose - and it is very much your choice - is crucial to the way that you relate to money, and your success in acquiring, gathering and managing it. It also determines to a large extent the peace of mind that you gain from your money decisions.