This webinar covers what our investment approach (passive management) is and why we use this philosophy. Brett also covers the importance of revisiting projections and why performance reporting is simply a waste of time.
So many in our industry focus on performance reporting. The focus should be on doing comprehensive financial planning and revisiting every part of the plan each year.
We believe financial planners should focus less on performance reporting and more on yearly cash flow updates to make sure clients are keeping it in the road with spending and have realistic financial goals. A prudent investment approach balances taking the appropriate level of risk that a client can afford to take financially and emotionally.