Tips for Growing Your Assets and Sustaining Your Wealth

Most people believe that if someone’s born rich, he will automatically live

comfortably for the rest of his life. What they don’t know is that even if someone

is born with a silver spoon in his mouth, if he doesn’t work on sustaining his

wealth, it will disappear before his eyes.

Individuals of high net worth need to be very careful with their wealth in order to

secure their financial future.

“Having a nest egg is not enough. You have to be prepared how to handle it. Do

not make the grave mistake of spending money like there’s no tomorrow,” says

Erwin Lasshofer, sole owner of INNOVATIS GmbH Austria.

“If your ultimate goal is to build sustainable wealth so that you can live securely

for the rest of your life, then you must play an active role in planning your

financial future.”

So, do you want to grow your assets and sustain your wealth? Here are valuable

tips from financial expert Erwin Lasshofer to help you jumpstart your financial

goal:

Find an experienced wealth management team with a proven track record of

success. Having a trusted team of experts manage your assets for you will get

you one step closer to your financial goals.

Educate yourself. You are not expected to have expert knowledge in financial

markets and business trends but you should put in extra effort to educate

yourself on the simpler aspects of your finances. If you have difficulty

understanding specific terms as your wealth advisor updates you on the progress

of your investments, ask him to explain things to you in simpler terms.

Our asset advisors at INNOVATIS, for example, always take time to simply

complex terms for our clients. Talking over clients’ heads is a big no-no in our

organization.

You can also do supplemental reading to familiarize yourself with financial terms.

Trust me, it will prove to be really helpful in the long run.

Have a plan for your future and stick to the plan. The most common cause of

bankruptcy among high-net-worth individuals is that they didn’t plan for their

futures. How many times have we heard of heirs and heiresses who went

bankrupt before they reached retirement age?

If you want to grow your assets and sustain your wealth, start early with financial

planning with the able assistance of your wealth advisor. And remember, it is a

process so it doesn’t just start and with your financial goals. You have to have a

concrete plan in place and then stick to it.

Finding the right asset management team is one of the important decisions you

have to make to attain financial success. And ideal asset management team

consists of members specializing in strategic development, structuring of financial

products, wealth management, and investment banking.

If you are someone with a high net worth, the challenge is bigger because you

want an asset management team that finds ways to protect your assets, grow

your wealth, and maximize the returns of your investments.

Erwin Lasshofer is the founder of INNOVATIS (Suisse) AG. Born in Austria in 1970,

Erwin Lasshofer has more than twenty years of experience in retail and corporate

investments. He also efficiently supervises the INNOVATIS investment team.