Situation: A prospect’s assets were spread among multiple investment advisors, mutual fund companies, banks, brokerages, and various employer retirement plans, making it extremely difficult for the client to understand exactly what he had. More importantly, he could not determine if he was on track to meet his overall goals.

Opportunity: Burt Wealth Advisors recognizes that a cohesive wealth management strategy can provide clients with peace of mind, increase the likelihood of investment and retirement success, and reduce the cost of investing.

Solution: Burt Wealth Advisors reviewed and analyzed the prospect’s various accounts and then consolidated all the investments into a single portfolio and plan. This allowed the client to understand what he had, to evaluate portfolio risks as well as past performance, and to tally the overall costs of investment management. Burt Wealth Advisors proposed a consolidated solution and illustrated how the recommendations would increase the likelihood of retirement success. In addition, we identified some potential financial planning strategies and possible solutions.