Wealth Management

couple learning about wealth management from a financial advisor

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

What Wealth Management Means

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 with wealth management, and you can benefit from the expertise of a professional who is familiar with some of the pitfalls you may encounter along the way.

Achieving Better Results 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.

The Benefits Of Wealth Management

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

1. Probability Analysis

young man using calculator to stay on top of his wealth managementNo one knows what’s going to happen in the future, so a wealth management service will help you run what-if scenarios to check if they could impact your financial success. What if you lose your job? What if you’re forced to retire earlier than you hoped? What if you take Social Security early? These questions and more all play into your success.

2. Estate Planning

If you are intending for your money to outlive you, you’ll need to make plans for where it goes. From wealth transfer to giving to charitable causes, management services can get you set up. This might also include succession planning for businesses.

3. Risk Management

If you have stocks or other forms of investments to grow your wealth, a financial manager can help you to understand how risky your allocation is and make adjustments as needed.

Trust The Experts To Keep You Aligned With Your Financial Goals

Whether you are just getting started on building your wealth or you have already found some success and don’t know what to do next, trust your local bank to keep you on track. Woodsboro Financial Services, offers personalized solutions to all of our customers. Reach out to schedule an appointment to get started today.


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).

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