WEALTH: An abundance of valuable possessions or money

SPAN: the full extent of something from end to end

Determining the span of your wealth is a critical component of a good financial plan. The process for determining the span of your wealth is multi-faceted but begins with a good understanding of a science-based determination of your projected lifespan. Only after that is determined can a good financial advisor begin to build a plan that will help you get to a place where your wealth spans the entirety of your lifespan and beyond, which we call positive wealthspan.

 

A positive wealthspan is what we should all aspire to achieve, where money is left at the end of our lives so that we have an opportunity to let our wealth live on through our children, grandchildren or any number of charitable causes.

 

Unfortunately, without a good foundation and understanding of the role that lifespan plays in a sound financial plan, you could end up with a negative wealthspan, where your money doesn’t last the span of your life. This is a situation that none of us want to experience.

 

 

Advisors in the office
Financial Advisor typing a document

Part of the problem with determining lifespan has been the lack of a good way to scientifically calculate lifespan. Many advisors make assumptions about lifespan based on a random age, like all clients will live to age 95. Other advisors look to life expectancy tables, built using averages, to determine lifespan. However, there is a flaw in using averages, as none of us are likely to live an average life expectancy. We all have different genetics, have made different lifestyle choices, and will have a unique lifespan.

 

That’s why the founders of Wealthspan Investment Management worked with two of the most highly respected scientists in the field of aging and longevity to create a scientific method to get a better determination of the unique lifespan of our clients. Through a series of questions that have been researched and found to be the best determinants of longevity, advisors that work with Wealthspan Investment Management are able to calculate the unique lifespan of a client. Although the calculation isn’t guaranteed to be correct, the research points to a very high degree of reliability.

Using this process, advisors have a much better basis for recommendations that will lead to a higher degree of success in reaching a positive wealthspan. This process is much better than using random age or averages when creating financial plans and making recommendations.

 

With this in mind, we have built our investment approach and portfolios around helping clients achieve a positive wealthspan. We use the many years of research of the determinants of investment success to build portfolios that are diversified, yet able to adjust to changing market conditions in order to meet our goal of reducing portfolio risk while achieving a long-term return in line with the benchmarks and goals of our clients.

WEALTH: An abundance of valuable possessions or money

SPAN: the full extent of something from end to end

Determining the span of your wealth is a critical component of a good financial plan. The process for determining the span of your wealth is multi-faceted but begins with a good understanding of a science-based determination of your projected lifespan. Only after that is determined can a good financial advisor begin to build a plan that will help you get to a place where your wealth spans the entirety of your lifespan and beyond, which we call positive wealthspan.

 

A positive wealthspan is what we should all aspire to achieve, where money is left at the end of our lives so that we have an opportunity to let our wealth live on through our children, grandchildren or any number of charitable causes.

 

Unfortunately, without a good foundation and understanding of the role that lifespan plays in a sound financial plan, you could end up with a negative wealthspan, where your money doesn’t last the span of your life. This is a situation that none of us want to experience.

 

Part of the problem with determining lifespan has been the lack of a good way to scientifically calculate lifespan. Many advisors make assumptions about lifespan based on a random age, like all clients will live to age 95. Other advisors look to life expectancy tables, built using averages, to determine lifespan. However, there is a flaw in using averages, as none of us are likely to live an average life expectancy. We all have different genetics, have made different lifestyle choices, and will have a unique lifespan.

 

That’s why the founders of Wealthspan Investment Management worked with two of the most highly respected scientists in the field of aging and longevity to create a scientific method to get a better determination of the unique lifespan of our clients. Through a series of questions that have been researched and found to be the best determinants of longevity, advisors that work with Wealthspan Investment Management are able to calculate the unique lifespan of a client. Although the calculation isn’t guaranteed to be correct, the research points to a very high degree of reliability.

 

Using this process, advisors have a much better basis for recommendations that will lead to a higher degree of success in reaching a positive wealthspan. This process is much better than using random age or averages when creating financial plans and making recommendations.

 

With this in mind, we have built our investment approach and portfolios around helping clients achieve a positive wealthspan. We use the many years of research of the determinants of investment success to build portfolios that are diversified, yet able to adjust to changing market conditions in order to meet our goal of reducing portfolio risk while achieving a long-term return in line with the benchmarks and goals of our clients.