LIFETIME WEALTH PORTFOLIOS LIFETIME WEALTH PORTFOLIOS wealth management solutions LIFETIME WEALTH PORTFOLIOS wealth management solutions 1
WEALTH MANAGEMENT FOR LIFE Investing wisely for the future can be complicated, especially in these uncertain economic times. Lifetime Wealth Portfolios can make it simple. lifetime wealth portfolios is a managed account solution with all the benefits of traditional wealth management services: objective research, diversified asset allocation models, targeted investment strategies, professional portfolio managers, disciplined portfolio construction, and ongoing monitoring and rebalancing. Lifetime Wealth Portfolios delivers these capabilities, tailored to your needs, through your trusted Eagle Strategies financial adviser. In addition, Lifetime Wealth Portfolios can bring wealth management to life by seeking to grow and preserve your total economic wealth. This innovative strategy integrates insurance with your investments for a more complete management of your total wealth. For the first time, you can have a single account that optimizes your investment portfolio s expected risk and return throughout all of the stages of your life while helping to protect your legacy for your loved ones.
Success is rarely unplanned. It is most often the result of smart choices, hard work, and timely opportunities. Managing your wealth is a full-time job, with a never-ending supply of information and overwhelming choices. You don t have to do it all yourself. Lifetime Wealth Portfolios provides the expertise you need so you can focus on what you do best. 02
A CHOICE OF PROGRAM OPTIONS Every investor is different. That s why Lifetime Wealth Portfolios offers a variety of wealth management options so you and your adviser can select the one that best meets your needs. whether you want an independent investment manager, a custom portfolio built exclusively for you, or a targeted investment strategy, Lifetime Wealth Portfolios can provide the portfolio management you desire. Our full range of products combines innovative investment and protection solutions suited to every kind of investor and every type of financial objective. SUB-ADVISED PROGRAM The Lifetime Wealth Portfolios Sub- Advised program offers professional portfolio management to help you meet your financial goals. Designed for investors who prefer a simplified approach to wealth management, our Sub-Advised program combines asset allocation, life insurance protection needs, and expert management into a single managed account. The independent sub-advisers in the Lifetime Wealth Portfolios Sub-Advised program each have a defined investment philosophy and will apply their specific approach to the management of your assets in accordance with your asset allocation. Your adviser will help you understand each sub-adviser s approach so you can confidently select the sub-adviser for your assets. Lifetime Wealth Portfolios combines sophisticated investments and portfolio management in a range of products suited to every type of investor. PERSONAL ADVISER PROGRAM If you prefer your own customized portfolio and want to retain control of all investment decisions, consider the Personal Adviser program. Your adviser will work with you to personally construct your individual portfolio with a combination of mutual funds or exchange-traded funds* that collectively correspond to your risk tolerance and investment objectives. Your adviser will actively monitor your investments, recommend changes to your mix of funds if appropriate, and present all portfolio changes to you for approval. This program also includes automatic rebalancing at scheduled intervals to help maintain your overall recommended asset allocation. The Personal Adviser program is an alternative to the discretionary investment management provided by the Lifetime Wealth Portfolios sub-advisers. This program helps you retain control of investment decisions while also giving you a personalized investment portfolio tailored to your individual needs. SEPARATELY MANAGED ACCOUNT PROGRAM If you have substantial assets to invest and are seeking personalized, targeted investment strategies, consider the Lifetime Wealth Portfolios Separately Managed Account program*. This option provides access to portfolio managers with expertise in targeted investment strategies using individual securities and offers tax advantages and, in some situations, lower costs. * Certain services and products such as exchange-traded funds and separately managed accounts may only be offered by registered advisers with a Series 7. LIFETIME WEALTH PORTFOLIOS wealth management solutions 03
You ve got to go into the game knowing all the possible plays. Mix it up. But always stay balanced. Planning for your future takes time and commitment. Eagle Strategies financial advisers are committed to working with their clients for the long haul to help financial objectives become more than just dreams on the horizon. 04
INVESTMENT STRATEGIES FOR YOUR UNIQUE NEEDS The foundation of Lifetime Wealth Portfolios is a deep understanding of your individual needs for tailored recommendations that help you reach your unique goals. your adviser will work closely with you to identify your current financial picture, personal goals, and appetite for risk in the pursuit of your objectives. With this knowledge, your adviser can identify an overall portfolio strategy that s aligned with your needs and goals, a portfolio allocation that best fulfills your investment strategy, and an investment manager suited to your portfolio. PORTFOLIO STRATEGY The Lifetime Wealth Portfolios managed account platform offers portfolio strategies that meet a range of objectives, from capital preservation to aggressive growth. Targeted strategies, such as intermediate municipal bonds, large or mid-cap equities, momentum investing, conservative government focus, or balanced income, are also available if you prefer a focused strategy for your investment goals and meet the strategy s requirements. Your adviser will help you identify the portfolio strategy that best meets your needs, investment objective, risk tolerance, and time horizon. PORTFOLIO ALLOCATION To fulfill the direction set by your recommended strategy, you ll receive a portfolio allocation that s consistent with your portfolio strategy. Your recommended portfolio allocation may include broad market asset allocation or targeted asset classes, depending on your goals and the options available in the program you select. MANAGER SELECTION You choose the manager for your portfolio, whether it s a sub-adviser through the Sub-Advised program, your financial adviser through the Personal Adviser program, or an investment manager in the Separately Managed Account program. Each manager has a defined investment philosophy and structured process for building portfolios. You can select the portfolio manager most closely aligned with your views on investment selection. PORTFOLIO CONSTRUCTION AND MONITORING Your recommended investments will be determined according to your portfolio objective and strategy. Your portfolio manager will manage your portfolio, monitor your account, and make or recommend adjustments when appropriate. Eagle Strategies will also monitor your account to ensure that your portfolio is managed consistently according to your portfolio objective. sample asset allocation Portfolio Allocation Domestic Large Cap Equity Domestic Mid Cap Equity Domestic Small Cap Equity Foreign Equity Real Estate Fixed Income Bonds Fixed Income Insurance Cash Value Absolute Return Commodities Cash or Cash Equivalent Not Classified LIFETIME WEALTH PORTFOLIOS wealth management solutions 05
Beyond the ups and downs of this moment lies a future waiting to be lived. Live yours to the fullest by making smart decisions today. Your needs will likely evolve over time. Lifetime Wealth Portfolios keeps pace with your changing needs by providing wealth management solutions for every stage of your life. 06
BEYOND TRADITIONAL WEALTH MANAGEMENT Most advisers focus only on managing your investments. Your wealth, however, is more than just money in an investment account. It s built upon the income you ll receive throughout your lifetime. because this future income, known as Human Capital, is an important factor in the success of your investments and quality of life, it s vital to protect it for yourself and your loved ones. Lifetime Wealth Portfolios helps you protect your Human Capital during your working years and throughout your retirement by integrating insurance into your portfolio. With Lifetime Wealth Portfolios, your adviser can consider your investment and your protection needs together for a more comprehensive approach to portfolio management. PROTECTING HUMAN CAPITAL DURING YOUR WORKING YEARS While an investor s Financial Capital such as investments and property typically passes to beneficiaries following his or her death, Human Capital does not. In the event of premature death, an investor s loved ones are deprived of the future income he or she would also have provided. Life insurance is uniquely suited to protect your Human Capital, ensuring that you can provide your loved ones with a legacy upon your death to help them maintain their quality of life. PROTECTING YOUR HUMAN CAPITAL IN RETIREMENT Retirees face a much different set of challenges. Rather than the loss of income due to premature death, retirees face the possibility of outliving their retirement savings. Today s retirees may enjoy three total economic wealth AGE 25 AGE 45 AGE 65 Financial Capital Higher future earning potential relative to savings amount. Higher assumed savings and lower earning potential. Human Capital or more decades in retirement, which may require them to spend down their savings over time to cover their expenses. Lifetime Wealth Portfolios has built-in options that provide a steady stream of guaranteed lifetime income to help you maintain your independence and lifestyle. THE ADDED BENEFIT OF OPTIMIZING YOUR PORTFOLIO In addition to the financial protection that life insurance and guaranteed lifetime income afford you and your loved ones, it also can help optimize your portfolio. In your working years, the cash value of whole life insurance can be considered a fixed income asset similar to bonds or other traditional fixed income securities in your overall portfolio. The cash value fulfills a portion of your fixed income asset allocation, and this approach has the potential to optimize your overall portfolio s expected returns while lowering its risk.* In retirement, guaranteed lifetime income from Lifetime Wealth Portfolios addresses a portion of your income needs by providing a stream of income that you cannot outlive. These capabilities are just some of the notable advantages built directly into Lifetime Wealth Portfolios. * Estimating Expected Return and Standard Deviation of New York Life Insurance Company General Account for Investors, Ibbotson Associates, 2009. The expected return and standard deviation for insurance products used in the study are estimated based on a model portfolio constructed to approximate the gross asset class returns within the underlying investment portfolio associated with New York Life whole life insurance policies. The study does not suggest the actual outcome of any specific New York Life product or imply that a personal investment into New York Life s general account is possible. The expected returns are based on a forward-looking analysis of market expectations of asset class performance done by Ibbotson. They are used to optimize portfolios, not to project client results. They are not meant as a forecast of any client s returns because they do not account for factors which would influence client performance such as how investment decisions are implemented in reality, future extreme market events, and trading costs and other costs of investing. The risks which are common to investing can undermine expected returns as predictors of market performance. LIFETIME WEALTH PORTFOLIOS wealth management solutions 07
GET STARTED For more information on Lifetime Wealth Portfolios and how to incorporate the concepts presented here into your personal financial strategy, please contact your Eagle Strategies financial adviser or visit www.eaglestrategies.com.
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