Skip to main content
Turn Knowledge Into Action written on a board with a business man on background 1

Just Do Something

Photo of author, Brian Gongaware, CFP®.
Brian Gongaware, CFP®
Director of Advisory Services and Chief Compliance Officer

As humans we feel compelled to take action when faced with a stressful situation. It is our impulse to want to change the situation, surroundings, or potential outcomes. While understandable, this instinct to do something, anything, can be dangerous and destructive in the long-term. By taking some Smart Actions, it can be easier to control unhelpful impulses and improve the probability of long-term success.

During the early weeks of the COVID-19 pandemic, we hosted a series of webinars for our clients, friends, and family. In addition to providing economic and investment insights, we highlighted numerous Smart Actions we identified or were enacting for our clients.

Each of these strategies should be discussed with your advisor, but in the right circumstances, we are seeing great success by helping our clients take the following Smart Actions:

Smart Actions for Accumulators
We define Accumulators as clients that systematically are saving and investing as they continue to acquire more capital and/or financial resources.

Accumulators Smart Actions


Smart Actions for Business Owners and Executives
Business Owners and Executives have a series of decisions to make to sustain and develop the enterprise. Various federal programs and other considerations make these decisions even more complex today.

Business Owner Smart Actions


Smart Actions for Distributors
We think of distributors as those who are living off their capital by withdrawing up to 4% of their financial resources. As a result, their dependence on income and stability of the portfolio is a factor in managing the return and risk of a portfolio.

Distributors Smart Actions


Certainly, the Smart Actions above are not an all-encompassing list. However, they do represent many of the most common actions we have taken with clients. As previously stated, a discussion with your advisor is critical to determining the right course of action for you. Our financial advisors are well-versed in the unique challenges faced by our wealth management clients, and we have helped thousands of clients navigate uncertain times.

To watch the full webinar “Investment Strategies and Smart Actions to Consider”, please click here.

Related Insights
I Stock 691524138

Speak to an Advisor: You Have Everything to Gain

Unlike professional services provided by an accountant or attorney, many people aren't quite sure what a financial advisor can do for them and exactly how they help you achieve your financial goals. Learn what you can gain from working with an advisor.

Read More
Family 3347049 1920

Financial Goal-Setting Starts with 'the End in Mind'

Setting financial goals is critical to smart family finance. Sounds easy, right? Not quite. For many of us, it's difficult to know where to begin when it comes to our personal finances. What kind of goals should you set and how can you be sure you're on the right track to achieving them? Learn how "beginning with the end in mind" can help you in your financial goal-setting.

Read More
Drums 2089829 1920

The Beat Goes On: Vaccine Optimism Paved Way for 2020 Record Highs, Sets Stage for 2021

What a year we experienced in 2020! The most tumultuous year in recent memory ended on a high note for markets as the fourth quarter brought greater political and medical clarity — one that resulted in substantial market gains over the past three months, which helped to make 2020 a surprisingly strong year for market returns. What can we expect in 2021?

Read More
Play