The Informed Investor

Wealth Management in 2021: What You Should Know

May 14, 2021

If 2020 has taught us anything, it’s the importance of being nimble and resilient in the face of challenges. We have all had to quickly adjust to a new normal—some working from home instead of the office, delivery instead of dining out, and wearing face masks where required. Being resilient is also important when it comes to wealth management, and even more so for wealth management in 2021.

ESG Takes Center Stage

We’ve shared a series of blog posts on ESG (environmental, social, and governance) investing by our founder, Randy Garcia, which is worth taking some time to read if you’re not familiar with the concept. In 2021, expect ESG investing to become even more mainstream, as investors seek out investments that align with their personal values. With the pandemic prompting reflection on our shared humanity and global connections, commitments to sustainability and human rights are more important to many people. Furthermore, the new Biden administration’s pledge to reduce greenhouse gas emissions and rejoin the Paris Agreement positions many companies in this sector for increased growth.

Our wealth management consultants can help craft an investment strategy for you that makes a positive impact in the world while still working to grow and preserve your wealth.

Companies Recover from the COVID-19 Pandemic

There were few winners in Covid-19 and many losers—travel-related businesses, restaurants, and other service sector industries took a big hit last year. In 2021, with vaccines being distributed nationwide, we can expect to see consumer stocks for these types of companies rebound as people are eager to dine out, travel, and return to a sense of normalcy. Biotech, too, should be on the rise as the focus on COVID begins to let up. Many mergers and acquisitions are anticipated in this sector, with larger-cap companies taking over smaller biotech firms.

Now is a good time to take a look at your portfolio with your wealth manager to see if it makes sense to invest in sectors that are primed to bounce back as the year progresses. That is where a skilled wealth management firm comes in. Our decades of experience, industry knowledge, and dedication to understanding current market conditions means you will receive the benefit of that know-how. In addition, since we adhere to the fiduciary standard, you’ll never have to worry about our advisors having ulterior motives—we don’t earn commissions or receive any other incentives to make recommendations.

There is no time like the present to start working toward your financial objectives. We look forward to helping you.

Learn More About Wealth Management in 2021

Do you have additional questions about how to manage your wealth in the coming year? If you have $1 million or more in investible assets, Contact us today at 702-871-8510 to speak with a member of our wealth management team.

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