Living Well 60+ November – December 2014 | Page 12

12

NOV/DEC 2014

Saving Your Pennies for
Someday
Wealth management helps your nest
egg enhance your life
by Doris Settles, Staff Writer

According to Investopedia.
com, the accurate definition of
wealth management is “a strategy
that encompasses all parts of an
individual’s financial life: financial
planning, investment strategy, tax
strategy and legal/estate planning
strategy.”
In other words, the goal is to
use your nest egg to enhance
your life. “A wealth management
advisor should identify seven life
priorities: health, family, home,
work, giving, leisure and finances,” said Mollie Brennan, vice
president and wealth manager at
Merrill Lynch in Lexington. She
wraps a “goals-based” wealthmanagement process around
these priorities in a way that
allows you to accomplish things
in your life that mean the most to
you.
“True wealth is about much
more than money. It’s about
achieving life,” said Brennan.
Savvy investors make it a point
to construct intricate structural
changes that ensure their assets
are spread across different sectors.
They calibrate various means
and techniques to multiply their
assets by cashing in on specific

new investment opportunities, something that actually
defines wealth mana