Wealth management isn’t just for the wealthy. Discover the truth behind common myths and learn how these services can help you secure a better financial future, no matter your income.
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Debunking the Myths of Wealth Management

By Empower FCU

Wealth management. It’s a topic that comes with quite a few myths. 

  • “Only wealthy people need trusts and wills.”
  • “I don’t have a large enough account for these services.”
  • “Timing the market is key...and I’m not sure how to do that.” 
Do any of these sound familiar? We’re here to shed light on what wealth management is, what it isn’t, and how it can matter to you.  


Watch our quick video, where we debunk some persistent myths. Then read on for more insights.   
 

What is Wealth Management? 


Simply put, it’s a full suite of services that help you assess and address your financial planning needs. Financial advisors work with you to help you make decisions about your finances, both now and in the future.  

It’s not just for the wealthy. It can be a valuable way for people from all financial backgrounds—not to mention ages—to plan and save for their goals.  
 

Empower FCU Wealth Management Services


Empower FCU Wealth Management offers a wide range of financial services through CUSO Financial Services, L.P*.

  • Retirement: A financial advisor reviews your potential income sources—from Social Security to personal savings—to create a portfolio that meets your long-term objectives and targeted retirement age.  
  • Estate Planning: This goes beyond creating a will, though that can be part of it. It also spells out your healthcare wishes to ensure they’re carried out. You can even choose to designate someone to manage your finances if you’re not able to. 
  • Investment: A financial advisor can help you navigate investing with strategies for putting together an investment portfolio that reflects your risk tolerance, time horizon, and goals. 
  • Insurance: The purpose of insurance is to transfer the financial risk of life events to an insurance company. A sound insurance strategy can help you protect yourself and your family from financial consequences.  
  • Tax: Let’s be honest—tax prep is rarely fun. Turning to a financial advisor can help relieve the pressure (and confusion), ensure accuracy, and help you manage the impact of your taxes. 

Members can use these services individually or together, so that you can take a more holistic approach to your financial planning.  
 

Ready to Take Control of Your Financial Future?


Wealth management is not just for the wealthy or something to be feared. It’s a valuable resource for anyone looking to secure their financial future, regardless of current situations. By understanding the true scope of wealth management services, you can make more informed decisions about your finances and work toward achieving your goals.

If you're ready to explore how wealth management can benefit you, don’t hesitate to reach out to our team. We're here to help you navigate your financial journey and ensure you're on the right path.

Learn more about Wealth Management at Empower FCU here.  


*Non-deposit investment products and services are offered through CUSO Financial Services, L.P. (“CFS”), a registered broker-dealer (Member FINRA/SIPC) and SEC Registered Investment Advisor. Products offered through CFS: are not NCUA/NCUSIF or otherwise federally insured, are not guarantees or obligations of the credit union, and may involve investment risk including possible loss of principal. Investment Representatives are registered through CFS. The Credit Union has contracted with CFS to make non-deposit investment products and services available to credit union members.