Evermay Wealth Management
What is a serious mistake you see people making with their financial decisions?
The most serious mistake we see people make is failing to plan. As the saying goes, “Failing to plan is planning to fail.” Without thoughtful financial planning, decisions can be driven by emotion rather than objectivity and individuals and families can be forced to be reactive to situations rather than being prepared for them. Proper planning not only helps avoid these potential pitfalls, but also provides individuals and families much needed peace of mind.
If you could give one piece of advice to individual investors, what would it be?
Regardless of your age, gender, net worth or financial experience, be an active participant in your financial picture. Where you are and where you want to be are fundamental to a financial plan but determining how to get there and adapting along the way are the keys to a plan’s success. At least annually, we recommend a thorough review of your spending and savings, investment, retirement, and education funding accounts, taxes, estate documents and insurance coverage. If your interest, confidence or time is lacking, invest in and partner with a professional.
Awards and Honors
Readers’ Pick, a Top Vote Getter, Best Financial Planner/Adviser, 2019;
Elizabeth S. Larson—three-time (2016, 2017, and 2018) winner of WomenCertified Inc.
Women’s Choice Award for Financial Advisors
Biljana McKinley—guest of Marie Chandoha, CEO, Charles Schwab Investment Management, Inc. at Schwab IMPACT 2018 diversity discussion;
Eric Schaefer—named on Forbes Top Next-Gen Wealth Advisor List; a 2018 Top Financial Winner by Northern Virginia Magazine