Whether you're actively looking for ways to improve your finances or just want to make sure you've addressed any concerns that might derail your success, a wealth management consultant will help you confirm that you've made the right moves to manage your money. Here are a few things to bring to your consultation to ensure your advisor has all the details about your situation. 

1. All of Your Financial Statements

A wealth manager needs to know the ins and outs of your financial situation; make sure to bring your most recent statements for your bank accounts, investments, loans, credit cards, and retirement accounts. Then, you can discuss your financial goals at your consultation so that your wealth management specialist understands your primary objectives.

They can then make recommendations that will help you reach your goals. For example, assume that you want to retire at 55, but currently, you only have money in conventional retirement accounts. You might learn that opening a taxable investment account will allow you to manage and access your money until you're old enough to access your other accounts without penalties.

Or, if you're concerned that your investment diversification is too risky (or not risky enough), your wealth manager will consider your investment time span and overall comfort with risk before advising you on rebalancing your portfolio. 

2. Your Most Recent Pension, Annuity, and Social Security Statements

Your pension, annuity, and Social Security statements give your wealth management consultation some insight as to your income streams in retirement. If you'll be able to replace most of your income with a pension or Social Security, you may be able to allocate some of your money to work towards other financial goals. 

3. Information Concerning Real Estate and Other Valuable Possessions

If you own property (or have multiple real estate holdings), bring any documents related to the property, including loans using the property as collateral and appraisals. Bring the same info for expensive items, like boats, vehicles, and recreational vehicles. 

During your consultation, the value of these items will be used to determine your overall net worth. Your specialist may also recommend reconsidering certain purchases if you're cash-poor or have too much of your wealth tied up in one asset. 

4. Documents for Your Insurance Policies

Grab any documents for your life, short and long-term disability, and property insurance policies. It's essential to have ample insurance to protect your family and see that the limits for your policies are adequate for your needs. 

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