Our purpose at FourThought Private Wealth is to help affluent individuals, families and business owners aim high and eliminate the stress that can come with life’s uncertainties. We start by addressing two critical questions:
Everyone has a different definition of what it means to be okay, but we all share the same concern. While you can’t predict what life will bring, you can be prepared. Our role is to help you prepare by building a customized financial plan that works for the rest of your life and allows you to know—not wonder—whether you are going to be okay.
FourThought is not simply an investment advisor; we are a holistic planning firm. We dig deep to understand your fears and aspirations so your plan is driven by the way in which you want to live, not by markets or forces beyond anyone’s control. Our planning process includes four distinct phases.
What kind of lifestyle do you want? Do you want to work, retire, travel, volunteer, help family members? We will help you think it through and determine what you will need—and when you will need it—to enjoy financial freedom and pursue your purpose.
They not only examine assets and balance sheets, but also the perceptions, biases and habits that shape you. For instance, how do you save money? Do you watch your investments daily? How does that make you feel? Understanding what makes you YOU helps us construct guardrails that support good decisions.
We don’t make assumptions; we put the plan through a gauntlet of stress tests using advanced software and algorithms. We have more discussions with you and make adjustments until you—and we—are comfortable with the likelihood of success.
We actively manage it because there are times when it is prudent to increase or decrease risk to preserve your assets and cash flow. Your financial plan is fully activated and becomes your roadmap through the ups and downs of financial markets and your own life.
We never try to predict what will happen. Instead, we practice “Fourcasting,” guided by our four key principles of customized investing.
We are not gods and thus we can't predict the future. However, we can create balanced portfolios, pay attention to important indicators and adjust risk levels proactively.
Don’t eat the goose that lays the golden eggs or put them all in one basket. You should never be forced to sell in a down market.
Be the tortoise, not the hare. Invest for the long-term and don't be lured by volatile securities or high-risk, high-reward opportunities
A flood will come. Like Noah, however, it is vital to have a plan and be prepared so you can weather the storm.