What is Holistic Wealth Management?

By Hightower Westchester on June 9, 2014

What is Holistic Wealth Management?                                   June 2014

The term Holistic comes from Holism, which is as defined by Webster’s as a theory that the universe and especially living nature is correctly seen in terms of interacting wholes (as of living organisms) that are more than the mere sum of elementary particles.

When we talk about Holistic Wealth Management we apply it to mean not merely making investment decisions or recommendations to a client in a vacuum but fully understanding all aspects of our clients. So to relate it to the above, treating the client and his or her investment objectives in relation to their lives, their goals and special circumstances that we each have in our investments. This can include their family dynamics, how they achieved their wealth, their goals and ambitions, special situations relevant to their family, the importance of charity in their lives, how they view money, what are their issues that surround their wealth.

To get a fully holistic view of our clients entails a process of getting to know them on a personal level. This usually entails several conversations, and a deeper understanding of their tolerance for risk.

Two people of similar age and similar wealth may from outside appearance be very similar but from their wealth needs very different and in turn their portfolio will reflect that. We find that only by getting to know our clients can we really make sound recommendations that can put our clients mind at ease.

We believe that Holistic Wealth Management – is truly the best way to help our clients achieve their long term goals in relation to their wealth; for we believe that a client is more than the mere sum of their parts and their wealth goals are meant to get them to the ends they desire not just a means to an end.

Remember no one plans to fail, but you can fail to plan.

Peter Lang – Managing Director – HighTower Westchester

914-825-8631 – plang@hightoweradvisors.com

HighTower Westchester is a team of investment professionals registered with HighTower Securities, LLC, member FINRA, MSRB and SIPC & HighTower Advisors, LLC a registered investment advisor with the SEC. All securities are offered through HighTower Securities, LLC and advisory services are offered through HighTower Advisors, LLC.

This is not an offer to buy or sell securities. No investment process is free of risk and there is no guarantee that the investment process described herein will be profitable. Investors may lose all of their investments. Past performance is not indicative of current or future performance and is not a guarantee. Before investing, consider the investment objectives, risk, charges, and expenses. Diversification does not assure a profit nor protect against loss.

This document was created for informational purposes only.