For many clients, personal 401(k) consulting is one of the most important aspects of wealth management and financial planning.
This investment may be the most significant in your portfolio. And although this might be the investment vehicle with which you are the most familiar, it can be confusing and daunting when you attempt to manage it on your own.
Even if Divergent Wealth Advisors does not directly manage your retirement account, we can help you build your investment portfolio through personal 401(k) analysis and consulting.
Utah Personal Wealth Management & 401(k) Consulting
Your 401(k) provides a unique vehicle for growing your personal wealth, in that your employer likely contributes to this fund. However, these funds are typically managed by firms chosen by the employer, who rarely encourages direct input or management.
If you are self-employed and have a solo 401(k) — or if you have both an employer match and a solo account — managing these investments becomes even trickier.
Because of the many complex legal requirements associated with these funds — including IRS and ERISA rules — it is imperative that you involve your personal wealth advisor team in the direct or indirect management of your 401(k) as a part of your overall portfolio.
The Role of Personal 401(k) Consulting
Divergent Wealth Advisors assists you in aligning all your investments and assets — even those we do not manage directly — with your comprehensive financial plan.
Because an employer-match 401(k) typically offers more limited investment choices, your personal wealth advisor may have to adjust some of your other investments to help you achieve your overall portfolio objectives.
You may also have limited control of the fund. You may be able to specify your appetite for risk and establish when your anticipated date of retirement may be, but you may not be able to choose among the different funds offered by the manager.
401(k) Consulting Tailored to Your Needs
Based on the details of your personal 401(k) account, your Divergent Wealth Advisors Certified Financial Planner™ can help you determine which options to select. Your advisor can then monitor the fund’s performance and recommend changes, if needed.
If you have old accounts with former employers, our financial planners can also make recommendations for rolling the funds over or converting them to another type of tax-exempt retirement account. Your options include rolling an old account into a new employer’s fund or converting it to an individual retirement account (IRA) or Roth IRA.
Divergent Wealth Advisors of Utah provides comprehensive personal wealth management services, including estate management, wealth transfer, investment analysis and overall portfolio management. All our financial advisors are Certified Financial Planners™ whose skills and experience you can rely on for the best in wealth management advice. Contact us today to learn more about our personal 401(k) consulting services.