"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

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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.

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