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Maturing baby boomers are faced with a growing array of financial challenges. In addition to figuring out how to pay for your children's college education at the same time that you need to save for retirement, you are also faced with an elaborate array of financial accounts and more, direct responsibility to generate your own retirement income. Gone are the days that you work for one company for 30 to 40 years and then retire with a large, guaranteed annuity. At a time when you would rather focus on your family, career, business, and community activities, you are also required to manage an increasingly large and complex financial portfolio. You now have a wide array of various retirement accounts, taxable accounts for mom and dad, and custodial accounts for the children. Our clients find that working with an independent investment manager and financial planner gives them the time to focus on their families, careers, and businesses. At the same time, we provide them with more sophisticated expertise not only in selecting and tracking investments, but also in reducing income taxes and estate taxes.
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Why do I need an investment advisor and/or a financial planner? |
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Many people make it through their whole lives acting as their own investment advisor/financial planner. Some do well, and some do not. There are many sources of information and advice, some good and some bad, on any investment or financial planning topic. With the expansion of the Internet, not only is there greater access to information, but there is also a growing number of sources. Which ones are good? Which ones are bad? As an investment advisor/financial planner, we not only help you to sort through the volume of information and select the best sources, but also to understand key financial concepts and decisions, to understand the impact of these decisions on your financial plans, to understand how decisions in one area affect other decisions in other areas, to reconcile conflicting goals, and to construct and implement a financial plan that will do well. Probably more important than the expertise for preparing financial plans and selecting investments, we also provide the time and discipline to ensure that the plan is effectively implemented, continuously followed, and quickly adapted to your changing goals.
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How can a small, independent firm provide the same level of security as the large financial institutions? |
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As a registered investment advisor, Third Millennium Advisors works through a registered broker/dealer for trade execution and custody. Although Third Millennium Advisors will work with any broker/dealer that accepts us under a limited power of attorney, most of our client accounts are placed with Charles Schwab & Co. through its Schwab Institutional division. Our clients can work with one of the largest, most efficient discount brokerage firms for custody and trade execution. We feel that our clients have the best of both worlds: The size and strength of Charles Schwab and the personal attention from an independent investment advisor.
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What makes Third Millennium Advisors different from other financial advisors or consultants? |
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Many large financial institutions of the world say they provide financial planning, but basically all they do is have the client fill out a form which is sent to somebody else, who then puts together a fancy book and sends it back to the account representative. The account representative is still compensated based on the financial products he or she sells, not on how well the client is served. At Third Millennium Advisors, we work for and are paid by the client. We do all the work ourselves, and we tailor it to your needs, desires, and risk tolerance. We will understand your current situation and your goals thoroughly before helping you select the appropriate financial tools.
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What is Third Millennium Advisors' investment philosophy? |
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We believe in a few fundamental truths. On average and over the long haul, equities-common stocks or mutual funds that invest in common stocks-will provide higher returns than all other asset classes, including government and corporate bonds, Treasury Bills and CDs, and real assets such as real estate, precious metals, and commodities. This higher return is not without higher risk. There are shorter periods of time over which equity investments may lose money, and even conservative investments like CDs and Treasury Bills will have higher returns in selected years. But the long-term investor's patience is generally well rewarded. In practice, most of our clients do not like the higher volatility that comes with these higher returns. So we work with them to develop an asset allocation strategy that is a balance between their desire for safety and their need for investment returns to meet their financial goals. We are not risk adverse. We recommend that even our retired clients keep a significant portion of their investments in equities to help them stay ahead of inflation. Our key focus for selecting specific investments is on quality, consistently superior performance, and providing adequate total return for the amount of risk taken. This approach narrows the investment universe to the specific investments that we and our clients will be happy to own for many years. It also provides us with a wide range of investments with different risk/return trade-offs to meet the different needs of each of our clients.
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What makes you different? Aren't there other firms that do what Third Millennium Advisors does? |
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Let's be honest; there are many of us. Schwab Institutional alone supports over 4,000 independent investment management firms like Third Millennium Advisors. And in general, most of us do good work for our clients. You should select your investment advisor carefully checking out their expertise, qualifications, references, approaches, and disciplinary records, or lack thereof. But once you have "narrowed" the field to the advisors that you are willing to work with, you have to select the one that you want to work with, the one that you can expect to do what you would do if you had the time to do it yourself, the one that will thoroughly understand who you are and what you want to accomplish, the one that you can trust.
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What's the firm's personal service philosophy? |
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At Third Millennium Advisors, we do more than simply devise an investment strategy. We work with you to structure the whole financial picture. That includes helping you find the money to send the kids to college, making sure that you still have the enough money available when you reach retirement, and making sure your set of accounts feeds into the estate plan so that Uncle Sam is not the most highly rewarded beneficiary of your estate. We help you make the trade-off between enjoying the benefits of work now and enjoying them later.
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Third Millennium Advisors, Inc.
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Primary Office
4493 Stony Point Road
Barboursville, Virginia 22923
click here for map
tel. no. (434) 975-6760 or (800) 474-0092;
fax (434) 975-6761
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Contact us via e-mail at:
wwc@tma-inc.com
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©2010 Third Millennium Advisors, Inc. All rights reserved. |
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