I’m a fan of French elegance. I am drawn to the simplicity and minimalism of their style – the blue blazer paired with a crisp white shirt never dates. It’s timeless. If you build up this type of French wardrobe, daily dressing becomes easy and effective. The same is true for a property of good design as opposed to alterations and renovations of an existing property over years. The latter, in the end, impacts the overall effect and use.
At Foundation Family Wealth, we believe in simplicity for our clients’ affairs. The same principles that underpin French elegance or great architectural design apply. We aim for a few products and accounts, carefully selected for the overall goal, preferably with the same administrative platform. It saves time and money when it comes to tracking assets and paying tax. It saves mental energy too. Everyone is busy, wealthy people specifically because of their broader choices and lifestyles. Their financial affairs shouldn’t consume more time because it’s spread over many different products and is difficult to track.
On review of your investment portfolio, consider whether it speaks of design, planning or intent, or if it tells the story of brokers selling you a multitude of products for the upfront commission or the ‘flavour of the month’ investment.
Your answer is telling of your financial strategy or lack thereof.
What does your portfolio speak of?