The Creation of the Moffat Wealth Management Program
I created the Moffat Wealth Management Program in 1997, basing the program off of my own market research and interviews with numerous high-net-worth individuals, each with unique circumstances. These clients were looking for a fully integrated program that analyzed and managed all aspects of their financial lives through three major phases of life: accumulation, consumption (retirement), and succession of the wealth they have created.
Through the course of interviewing and conducting market research, we found consistent themes among the comments of these individuals, including a desire to:
- Simplify the financial aspects of their household
- Understand their overall net worth nor asset allocation
- Understand the risks involved in their overall investment strategy
- Understand their accounts, financial assets and how decisions and recommendations are made.
- Organize their approach to their accounts, allocation, and performance
- Create a financial plan for savings and investing in order to help reach their retirement objectives
- Understand the roles of estate planning and insurance within their overall plan.
- Increase predictability of assets, rather than leaving the future to hope or chance.
- Have confidence they are receiving proactive, leading edge financial management
- Receive better reporting
- Use their time more efficiently
This is how the clients I spoke with defined what success looked like to them.
