Who The Professionals Use for Wealth Management

A top recommendation to teach you how to protect your wealth and manage your finances

A couple of weeks ago Brandon and I had one of our stupidest arguments to date. We had a disagreement turned argument over the differences between being “wealthy” and being “rich”. In the end it turned out that we were on the same page but I had confused the two leading to us fighting even though we were on the same side. Ridiculous, I know.

Still, it was an important topic and one I’m glad we had a conversation about. For the last two years we’ve been making a lot of major financial changes. We have invested more into building our savings and retirement accounts and focused heavily on paying down debt. We even down-sized to one car since we have so many transportation options in Atlanta, Brandon works from home, and my morning commute is only 1.4 miles. We are starting our house-hunting journey now and are hoping to achieve our financial goals there soon too.

I can tell you, one of the smartest things we did when we were preparing to get serious about our finances was to consult with a financial advisor. Finances, investments, stocks, and other wealth management practices can be so overwhelming and I highly recommend consulting a professional rather than trying to tackle it alone. Wealth management is not one of those things you want to mess around with, you know? I know you have a lot of options but one company I want to introduce you to today is Atlanta-based Benedetti, Gucer & Associates. I received the offer to introduce them to my readers a couple of days ago and since I believe their services are very important I agreed to let my platform here  be used to share a bit more about who they are and what they do. Enjoy!

Tips and recommendations for wealth management
A beautiful classic mercedes

Most professionals work the better part of their lives to grow their wealth. They dedicate their time and effort to make a paycheck which might be used to provide a nest egg for their children, to fulfill an aspiration for retirement, to buy the classic car they have always dreamed of driving, or just to sit back and watch the balance sheet grow. When someone propels him or herself to the apex of their industry, they do so only by gleaning valuable insights from their work.

For example, they learn to appreciate and recognize that each person contributes a unique set of strengths to a project or team. They also understand weaknesses are intrinsic to human nature and they do not preclude anyone from success. An insightful professional depends on the knowledge of other experts to compensate for their own shortcomings. Recognizing their weaknesses while simultaneously counteracting them with the strengths of other trusted partners is what gives many successful individuals the edge over their competition.   

The best golfers in the world rely on the advice of their caddy before approaching a putt or choosing their club. Doctors need nurses and scrub technicians to assist them in surgery. Pilots trust the experts in the control tower to aid them as they navigate planes from one airport to the next. Leaning on the expertise of others demonstrates strength of character and personal wisdom. Many individuals who represent the best in their industry do not have the time or expertise to devote to other areas of their life. Relying on others for help is essential. The world’s best surgeons may still take their vehicles to a mechanic to have their tires rotated and to get the oil changed. Personal finance is just another example of when outside assistance might be needed.

Some people reach a point in their career where they have accumulated wealth, but then they lack the understanding or time to manage it properly. They have a myriad of other priorities, and they do not know how to invest their money, shield it from taxes, and safely grow it to achieve whatever goals they have for their future. When this happens, it is best to consult a trusted investment and wealth management consultant. According to Forbes Magazine, “Wealth management is the consultative process of meeting the needs and wants of affluent clients by providing the appropriate financial products and services.”  

Benedetti, Gucer & Associates is a registered investment advisory firm located on Peachtree Dunwoody Road in Atlanta, Georgia. They specialize in wealth management and corporate retirement plans, taking pride in their ability to approach their accounts with honesty and integrity. Their advisors diligently work to earn the trust of clients in a world wary of the financial service industry. BGA believes in a holistic approach to financial planning, and as a fiduciary, they are obligated by law to put their client’s needs ahead of their own. When clients meet with the advisors from Benedetti, Gucer & Associates, they can rest assured they are in capable hands. The close-knit team of consultants will do their utmost to obtain the optimal return, given whatever level of risk each client is comfortable with. While preparing a customized plan, advisors will take into account the risk tolerance, time horizon, and short- and long-term objectives of each client.

Resources for wealth management in Atlanta
Views of downtown Atlanta

Benedetti, Gucer & Associates is a company with a collection of Registered Investment Advisors (RIA’s) who manage over 900 accounts with assets totaling over $100 million. Most of these accounts belong to retired clients who have already accumulated the majority of their wealth. They want to make sure that their nest egg not only lasts for the duration of their life, but continues to grow as well. BGA also works with younger clients who are in a wealth accumulation phase. They typically have very high incomes and are looking to grow their wealth as efficiently as possible.

Benedetti, Gucer & Associates also specializes in designing and managing 401(k), Profit Sharing, and Defined Benefit Plans for corporate clients. This is niche within the financial services industry that few financial advisors truly understand. For this reason, many of the Retirement Plans that have been set up for small and medium sized businesses are poorly designed, overpriced, and underserviced. BGA helps their corporate clients evaluate the investments in their existing plan, make improvements to the plan design, and shop providers to lower the overall cost for their employees.

The biggest difference between BGA and the big-bank investment firms is that advisors at Benedetti, Gucer & Associates are Registered Investment Advisors. RIA’s are subject to the Investment Advisers Act of 1940 and mandated by law to disclose any possible conflicts of interest. As an RIA, they have an obligation to put their client’s interests ahead of their own. While there are many qualified, ethical brokers at the large investment banks, their compensation structure is rife with conflicts of interest. More importantly, brokers operate under a suitability standard, not the fiduciary standard under which RIA’s operate. This means that they have no obligation to recommend what is best for their clients, so long as their recommendations are suitable based on age, time horizon, and risk tolerance. As an example, a broker operating under a suitability standard could be approached by a client comparing two investment products. One has much higher investment costs than the other, but also pays a higher commission to the broker. He can recommend the more expensive product as long as it is considered a suitable investment.

Because the interests of Benedetti, Gucer & Associates are aligned with those of their clients, they are not incentivized to recommend investments unless they are actually beneficial to their client’s portfolio. Additionally, as a boutique wealth management firm, BGA can offer advice that is more sophisticated than many of their competitors, while also offering a higher level of attention to each of their clients. At larger firms, clients often get lost in the shuffle.

Wealth management resources in Atlanta Georgia
Source: bgawealth.com

The entire team at Benedetti, Gucer & Associates understands the limitations of time and experience facing many of their clients when it comes to personally managing their finances. Both lives and finances can become complicated, and often it is best to collaborate with wealth management professionals to keep things on track. If you have questions about your financial future, wealth management, or long-term investments, consider contacting the advisors of Benedetti, Gucer & Associates.

DISCLOSURES

The views expressed represent the opinions of Benedetti, Gucer & Associates and are subject to change. These views are not intended as a forecast, a guarantee of future results, investment recommendation, or an offer to buy or sell any securities. The information provided is of a general nature and should not be construed as investment advice or to provide any investment, tax, financial or legal advice or service to any person.

Additional information, including management fees and expenses, is provided on Benedetti, Gucer & Associates’ Form ADV Part 2, which is available upon request.

Ashley LaMar
Ashley bounces between Atlanta, GA + Charleston, WV with her husband and two small dogs for life and work. If she’s not writing or blogging, she can usually be found cooking, reading, or watching baseball. Follow her on Twitter @ashleyfromfbl

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