We've talked before about the role of the wealth manager as your personal CFO. I thought of another analogy for you to consider, an analogy that occurred to me while I was looking at some of the beautiful old homes we have here in central New Jersey.
The wealth manager's role is similar to that of an architect. An architect has to see the big picture, knows what he wants the end result to be, and draws up the plans to make sure everything comes to fruition.
But the architect doesn't build the house. He doesn't hammer in a single nail or pour the foundation. He is responsible for assembling a team of builders to make sure his vision is carried out, but once the plans are drawn up, the execution is up to others - others who are experts in their own field, whether that's carpentry, plumbing, landscaping, or whatever.
That's not unlike the role of a wealth manager. We will set forth the vision for your financial future, hire experts in the various fields to carry out the plans, then make sure they do everything that is required to help bring that vision to reality.
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