Digital Wealth Management

Be smarter than your average advisor.

Wealth Management vs. Financial Advisors

Financial planning is just one part of wealth management. To plan for the big picture, you need to look at the whole picture.
Wealth management. Sounds like something only rich people get to do. That’s what they want you to think! To the contrary, everyone should be thinking about managing their finances in order to build long-term wealth. For most people this centers around retirement planning and investing. Which is a great start. But that’s just one piece of the puzzle. At Range, we’re building a platform that connects all aspects of your wealth in order to deliver the best possible planning and advice. These are the main areas you should be considering when approaching wealth management:

Cash Flow and Budgeting

How much money is coming in? How much is going out? Before you get into talking about different investments, it’s important to understand how much disposable income you have—and how you’re spending that income—so that you know if there’s room to begin investing and saving more. Most people don’t realize how much they’re actually spending each month and wonder why they’re not saving more. Many times this is an Amazon problem 🙂

Education and Retirement Planning

Two of the most common things people are working towards are their children's education and retirement. There are several factors to consider for each and if you’re working with an advisor, they can help you understand the different variables involved - such as your income and projected income, the amount you can comfortably save, the amount of time you have to reach your goal, and your risk profile.
Saving for Education: 529 plans and beyond.

Investment Management

Most of us are not day traders. That doesn’t mean we shouldn’t shape the way our money is invested. Important factors to consider when investing are your risk profile (how aggressively do you want to invest), how much time you have to achieve your goals, and the specific stocks, funds or bonds in your portfolio.

Tax Planning

We like Uncle Sam as much as the next guy, but you shouldn’t be paying more than your fair share of taxes. If you have multiple income streams, multiple investments or properties, there may be some additional ways to minimize your tax liability.

Trust and Estate Planning

The only other certain thing aside from taxes is that we’ll all one day be gone. It’s important to make sure you have a solid plan BEFORE that happens. Estate planning ensures that your assets will end up in the right place after you’re gone, no matter how much money you have.

Insurance Optimization

We’re talking about life insurance. Ensuring that your family is well-taken care of in the event that you’re no longer here is an important part of your wealth management.

Financial Planning

Retire early? Send a kid to college? Invest in real estate? Your financial plan is a roadmap for how you’ll go about achieving your goals. Start by identifying the goals you want to achieve and based on all of the factors above, put together a plan that allows you to reach those goals through a combination of budgeting, saving and investing.

That is A LOT to think about—and most people only consider one or two of these areas when they’re discussing financial planning or working with an advisor.

Range’s Approach to Wealth Management

Range.com is designed your one-stop shop for all of the above, from the start.