Our team understands that the assets we invest on your behalf are important to you and key to building a secure financial future for your family. You’ve been following a plan, making good financial decisions, but how can you tell if that hard work is paying off? Simple: Your Net Worth.

Each individual we work with understands their net worth and how we can further optimize your current asset allocation and investment plan.

What is my net worth?

An individual’s net worth is a snapshot of their total worth at a given point in time. Net worth can be calculated by the following formula:

Investment Assets + Liquid Assets – Debt = Net Worth.

Investment Assets include your bank accounts, 401k, IRA’s, etc. - basically anything that can be easily converted into cash. Liquid Assets, such as your home, are long-term assets that hold a significant amount of value, but cannot be easily converted into cash. Simply put, an individual’s net worth is defined as total debt owed against short-term and long-term asset value.

By assessing the difference between your assets and liabilities, you will be able to determine whether you have a positive or negative net worth. 

Why is it important?

  • It is a great way to track the progress of your long-term financial goals such as savings, paying down debt, and building equity in your home.
  • It will help you determine whether or not there is a healthy balance across your assets.
  • With advisor guidance, it can be helpful to understanding an appropriate amount of debt relative to overall worth

How can Richard Brothers help me determine my net worth?

At Richard Brothers, we spend a considerable amount of time upfront with you, helping you plan early, define your goals, review your spending, and understand how you are currently allocating your assets. Then, we devise a personalized asset allocation and investment plan based on your unique financial goals, values, and risk tolerance. To coincide with our ongoing monitoring of your net worth, we provide annual performance reports. This way, we can provide transparency to our clients and ensure that we are on pace to reach your personal goals.

Interested in more information on how Richard Brothers can help you achieve all your goals by optimizing your asset allocation and investment plan?  Contact us today to get started.

Take control of your financial future today!