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Wealth Management

Growing Your Wealth

Wealth can be measured in a variety of ways, from the amount in your bank account to the total value of all your assets, including your house. If you have already worked hard to save money for the future, you have taken the first step toward growing your wealth. Managing your wealth is another important step in preparing for your future financial health—but the good news is that you do not have to do it alone.

What Is Wealth Management?

Wealth management is the process of assisting someone in using their wealth to achieve their goals. This might include helping allocate their money across investment funds or account types, or helping them strategize to build more wealth to accomplish their goals.

There is a heavy planning and prediction element involved in wealth management, and you can benefit from the expertise of a professional who can help prevent pitfalls that may occur along the way.

Why Work With A Private Wealth Manager?

A wealth management service can offer you expertise that you may not have on your own. They have worked with clients over the years to adapt their portfolios and safeguard their wealth against changing economies and markets.

This means that by working with a private wealth manager to assist you with your accounts, you can benefit from their experience and potentially remove avoidable losses in your accounts.

young wealth manager smiling talking with a couple

young investment advisor consulting a retired women

The Benefits Of Wealth Management Services

Wealth management comes with more than just expert knowledge at your disposal. Some of the services that a private wealth manager can offer include:

Probability Analysis

No one knows what’s going to happen in the future, but a wealth management service will help you run what-if scenarios to ensure your finances are prepared for some of the most common situations.

What if you lose your job? What if you’re forced to retire earlier than you hoped? What if you take Social Security early? Knowing how you will be able to address these questions and more will increase your success.

Estate Planning

If you intend for your money to outlive you, you will need to make plans for how it will be disbursed. From wealth transfer and donations to charitable causes, wealth management services can help you establish your plans for successful transfers. This may also include succession planning for business.

Risk Management

If you have stocks or other forms of investments growing your wealth, a private wealth manager can help you understand your allocation risks and make adjustments as needed.

Our LPL Financial Advisors are committed to your goals. We believe in putting the focus on you to first build a personal relationship and get to the heart of what you really want to pursue. Our advisors take pride in their dedication to getting to know you, your financial position, and your goals to help you prioritize and develop a sound financial strategy, and stay on track so you can pursue your long-term goals.

Personal Consultation and collaborative support

Professional financial analysis and recommendations

We go beyond investments by working in coordination with the professionals handling other aspects of your finances, including, tax and legal, to help you manage the bigger financial picture

Click Here to meet and book an appointment with our our financial advisors.

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Call 301.898.4000 or contact our branch team.
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Securities and advisory services are offered through LPL Financial (LPL), a registered investment advisor and broker-dealer (member FINRA/SIPC). Insurance products are offered through LPL or its licensed affiliates. Woodsboro Financial Services (TM) and Woodsboro Bank are not registered as a broker-dealer or investment advisor. Registered representatives of LPL offer products and services using the name Woodsboro Financial Services (TM), and may also be employees of Woodsboro Bank (TM). These products and services are being offered through LPL and its affiliates, which are separate entities from and not affiliates of Woodsboro Bank (TM) or Woodsboro Financial Services (TM).

Securities and insurance offered through LPL or affiliates are:

Not FDIC Insured I Not Bank Guaranteed I May Lose Value I Not Insured by any Federal Government Agency I Not a Bank Deposit

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The LPL Financial registered representative(s) associated with this website may discuss and/or transact business only with residents of the state in which they are registered or licensed. No offers may be made or accepted from any other resident of any other state.