What Is Portfolio Management & Why Is It Important?
Portfolio management is the process of handling your assets with the intent to protect and grow your wealth. Our professional portfolio managers take an active approach to managing your portfolio to help you pursue your financial goals. We’ll track the performance of your assets to help you make better investment decisions, and we consider the effect taxes have on your investments.
When you work with a professional portfolio manager, you can be hands-off about your investments. We’ll evaluate the options and make the best decisions for your complex financial needs. We’ll review your portfolio performance regularly to ensure your assets are working hard on your behalf. At Wasnik Moseler, you can rely on our knowledge and experience to help you pursue your financial goals.
Examples of Portfolio Management
When you work with our portfolio managers, we’ll first review or set up your investment accounts. You might already have a 401(k) through your employer, but maybe you’re interested in a rollover. We can set up an IRA, Roth IRA, mutual fund, or other investment account for you. We can also manage your existing retirement accounts to optimize the performance of your assets.
Next is asset selection. You’ll have more options inside of an IRA, but even a 401(k) allows you to choose different stocks, bonds, and mutual funds to invest in. It’s our job to find assets that match your investment criteria and add them to your portfolio. In doing this, we make sure we diversify your portfolio holdings across different assets and industries to reduce your investment risk.
Portfolio management will require us to rebalance your assets from time to time. As some assets perform and increase in value, others may not, which can affect the balance in your portfolio. As part of our periodic portfolio review, we also consider tax strategies to reduce your taxable income. These can include tax loss harvesting or investing in municipal bonds.