LMS has implemented a series of protocols to ensure all of our communities are as safe as possible. Currently, all offices are closed to the public but our teams are still responding to emails, phone calls and offering virtual tours, and our service departments are responding to emergency service requests only. We have implemented enhanced cleaning procedures, our team members are equipped with applicable personal protective equipment and we have discussed as a company the importance of social distancing following CDC and public health guidance.
If your finances are simple, you may be able to take a DIY approach. But financial planners can provide an objective prospective, and bring expertise to decisions about how you should invest your money, what your financial priorities should be and what sort of insurance coverage and other protections you need. A financial planner can be especially helpful when you’re faced with a life change  — think marriage, a divorce or an inheritance.

Against the background of the asset allocation, fund managers consider the degree of diversification that makes sense for a given client (given its risk preferences) and construct a list of planned holdings accordingly. The list will indicate what percentage of the fund should be invested in each particular stock or bond. The theory of portfolio diversification was originated by Markowitz (and many others). Effective diversification requires management of the correlation between the asset returns and the liability returns, issues internal to the portfolio (individual holdings volatility), and cross-correlations between the returns.
The term 'asset management' is often used to refer to the investment management of investment funds, while the more generic term 'fund management' may refer to all forms of institutional investment as well as investment management for private investors. Investment managers who specialize in advisory or discretionary management on behalf of (normally wealthy) private investors may often refer to their services as money management or portfolio management often within the context of "private banking". Wealth management by financial advisors takes a more holistic view of a client, with allocations to particular asset management strategies.
Many RIAs are fee-only advisers, meaning they can’t work off commission or sell a client any investment products that aren’t in the client's best interests. Financial planners don’t have to be RIAs to work under this business model. Fee-only financial planners generally make their money as an hourly rate, an annual fixed retainer or as a percentage of the investment assets they manage on behalf of their clients. They also have a fiduciary duty to their clients over any broker or dealer.

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