"Asset Allocation is investment talk for
`risk you are comfortable with.'" By Paul Hack
All investment strategies have risk.
Interestingly, studies have shown the
sure it is tailored toward the client's
way in which a portfolio's investments
needs.
It's easy to understand the level of risk
are allocated is more important than
at the extremes. Like the sew-
the individual investments in
Finally, we execute the allocation
the-money-in-the-mattress approach,
determining the overall performance
strategies through the use of
where the money earns nothing and
in the long run.
independent money managers,
experts who specialize in selecting
loses its value if there's any inflation at
1I
all. Or, attempts to double-your-
Of course, there are lots of variables
investments within each individual
money-quickly with highly
besides life cycle stages that affect the
strategy.
speculative option or commodities
appropriate asset allocation plan.
plays.
Some are external, environmental
There are over 14,000 money
PAUL HACK
factors. But most have to do with the
managers around who can handle
client's goals, anticipated needs, the
individual investor accounts, so
assets available for investment today
finding the right one for each strategy
of Raymond James & Associates
and anticipated in the future; and,
for each client is challenging. But it's
every client has a different level of
doable. And it's another way we give
tolerance for risk.
our clients the confidence they ought
investment consulting
Most of us
to have in their investments.
intuitively under-
stand these are
Our experience is that every client
risks that can
has a specific level of risk tolerance
At Paul Hack Investment Consulting
easily ... and not
that minimizes insecurity and anxiety.
of Raymond James & Associates, this
unreasonably ...
is what we do. For clients with at least
keep us up at night
Asset allocation plans that give the
_
client that comfort level provide a
with anxiety.
very high rate of return right at the
investment, we develop an asset
start.
allocation plan tailored to the client's
$1,000,000 in assets available for
situation, needs and goals, and we
But it's more difficult to develop
strategies that can help each investor
This is why we insist that every
execute it through the use of
achieve his or her financial goals with
client relationship begin with a
independent money managers.
levels of risk that are appropriate, that
thorough analysis of the variables that
meet their comfort level. These
affect the client's situation including
The most rewarding thing about
strategies together make up what
the client's goals and risk tolerance.
working with clients the way we do
investment advisors call an "asset
Then we develop strategies that lead
is not just that our clients feel so
allocation plan."
to an asset allocation plan designed to
successful, or that we keep getting
maximize the opportunity to achieve
new clients ... both of which are
those goals.
very nice!
stages in the life cycle. The 24-year-;
That plan can involve many
It's that we've really found a way to
old single investor ought to invest his
investment alternatives, including
help our clients feel comfortable with
or her first IRA contribution a lot
fixed income and equity investments;
their investments.
differently than a 75-year-old widow
growth and value investing; small-cap
ought to invest her savings. But there
and large-cap equities; domestic and
If this "investment talk" sounds
are a lot of life stages between those
international investments; and REITs
comfortable to you, give us a call at
two extremes, and the optimum asset
and other specialty vehicles.
248-932-2902. We'll be glad to show
evolves as the investor's own life cycle
We then review that plan with the
you how it works. Or, ask us to send
you a copy of our brochure that
evolves.
client and together hone it until we're
explains what we do in more detail.
This kind of plan looks a lot
different for investors at different
allocation plan for any investor
31550 Northwestern Highway, Suite 250
Farmington Hills, MI 48334
www.hackinfo@35n.rjf.com
RAYMOND JAMES-
SA.
.A..S.-0GLZN.. I
9/13
2002
Member Now York Stock Exchange/SIPC
You first.
644600
9