Family Finances | Foundation for Women's Cultural and Economic Literacy http://www.fwcel.org Palm Beach, Florida Thu, 28 Sep 2017 20:59:05 +0000 en-US hourly 1 https://wordpress.org/?v=4.8.2 Making the Complex Simple: How the Financial Industry Works and What They Don’t Tell You /making-complex-simple-financial-industry-works-dont-tell/ /making-complex-simple-financial-industry-works-dont-tell/#respond Wed, 10 Aug 2016 13:59:35 +0000 /?p=582 Mark Renz, CFA, CIO, Socius Family Office socius / ‘so.ci.us / noun  1. partner, sharer; 2. companion, associate; 3. ally, confederate The financial industry is not structured in a way to empower us to make better decisions for ourselves or our financial lives. The Financial Industry is based on sales and distribution of products, like […]

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]]> Mark Renz, CFA, CIO, Socius Family Office

socius / ‘so.ci.us / noun  1. partner, sharer; 2. companion, associate; 3. ally, confederate

The financial industry is not structured in a way to empower us to make better decisions for ourselves or our financial lives. The Financial Industry is based on sales and distribution of products, like a manufacturing industry not consultative advice like the healthcare industry. When hiring a Financial Advisor, are their interests aligned with yours? Are you being “sold”? “Transparency is the enemy of higher fees and higher revenue for fund managers,” declares Mr. Renz, who believes the investor is entitled to clarity and transparency from their Financial Advisors.

  • Do you know if your financial professional is an “o” Advisor or “e” Adviser or why that matters to you?
  • When was last time you had a second opinion on your investments and planning?
  • Who is looking out for your best interests besides you?

If knowledge is power, then a lack of knowledge is a lack of power. If you would like to have an honest conversation about whether your investment portfolio and planning is aligned with your intention and purpose for your wealth, Socius Family Office will make the complex simple and transparent. Make the decision to feel better about your financial affairs today. Contact Mark Renz at [email protected] or 561.267.0507.

For a limited time, Socius Family Office would like to extend a special discount to FWCEL members for their proprietary Forensic Portfolio Analysis. Get a second opinion on your investments and planning and see what you can do to improve your position.

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]]> /making-complex-simple-financial-industry-works-dont-tell/feed/ 0 FAMILY FINANCES: The Importance of Inter-Generational Conversations /family-finances-importance-inter-generational-conversations/ /family-finances-importance-inter-generational-conversations/#respond Tue, 29 Mar 2016 16:07:51 +0000 /?p=410 We had a wonderful young woman who is blazing her path in the Financial Services industry present “Women Rock Their Finances”. She shared with us a gift her family gave her when she was still in grade school. Her parents gave her the gift of “Honesty”. Yes, honesty. They shared a true assessment of the […]

The post FAMILY FINANCES: The Importance of Inter-Generational Conversations appeared first on Foundation for Women's Cultural and Economic Literacy.

]]> We had a wonderful young woman who is blazing her path in the Financial Services industry present “Women Rock Their Finances”. She shared with us a gift her family gave her when she was still in grade school. Her parents gave her the gift of “Honesty”. Yes, honesty. They shared a true assessment of the family finances with her and this charming young woman amused us that while her girlfriends were at the Mall shopping for music CD’s she was asking her parents to help her buy Financial CD’s. Her goal was to go to college and she knew she would bear the financial responsibility on her own. When necessary truths regarding family inheritances are spoken, the pain and resentments of false expectations and unanswered prayers are avoided. Ladies, make the opportunity to start conversations with the women in your lives and those you love to share information and experiences. There’s no greater gift than the financial security that comes from a strong financial plan to achieve your financial goals. Your financial future depends on the actions you take today.

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