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KYM – Know Your Manager Checklist

Written by Bloom Investment Counsel, Inc. on November 7, 2022. Posted in Financial Literacy. No Comments on KYM – Know Your Manager Checklist

There are stringent rules within the investment industry known as KYC (Know Your Client) regulations which lay out the information an Investment/Portfolio Manager needs to gather to be able to choose the most suitable investment products and services for each individual client.

But there are no such regulations specifying what clients should know about their Investment/Portfolio Managers. The onus is on you or your designated financial fiduciary to Know Your Manager (KYM).

In this article, we provide an essential KYM checklist to find the Investment/Portfolio Manager best suited to your needs and objectives.

How to Generate Passive Income with Dividend Investing for Philanthropic Purposes

Written by Bloom Investment Counsel, Inc. on November 7, 2022. Posted in Philanthropy. No Comments on How to Generate Passive Income with Dividend Investing for Philanthropic Purposes

Passive income, that which comes in whilst you are not doing anything, can be a great way to help you generate additional cash flow for philanthropic purposes. What if you can have money flowing in continuously to be used for philanthropic causes, while keeping your initial invested capital in the stock market for capital preservation and potential capital appreciation? Read this article to learn how this can be attained through a dividend-paying portfolio, Bloom Investment Counsel Inc.’s specialty.

What is an Investment Philosophy and Why Does it Matter?

Written by Bloom Investment Counsel, Inc. on October 31, 2022. Posted in Investing. No Comments on What is an Investment Philosophy and Why Does it Matter?

A well-conceived and concise investment philosophy is widely held as crucial to investment success.

It may be even more important than an investment strategy, as your investment philosophy is the precursor of your investment strategy. Investment strategies may require adjustment with changing personal circumstances and market conditions, while your investment philosophy keeps you focused on your long-term objectives.

Do High-Net-Worth Wealth Plans Require a Team Effort?

Written by Bloom Investment Counsel, Inc. on October 31, 2022. Posted in Wealth Planning. No Comments on Do High-Net-Worth Wealth Plans Require a Team Effort?

Investment professionals are often turned to for guidance on wealth plans. However, if you are a high-net-worth individual or family it’s likely that your financial situation is more complicated than the average, which means there are times your investment professional may wish to engage specialists on your behalf.

You Need to Know About These Passive Investing Risks

Written by Bloom Investment Counsel, Inc. on October 24, 2022. Posted in Investing. No Comments on You Need to Know About These Passive Investing Risks

True or False: Investing in passively managed funds *always* costs less and is lower risk than investing in actively managed funds or portfolios. The correct answer is false – passive investing can be not always lower cost and lower risk, and in fact comes with its own set of risks.

You need to know about these passive investing risks before you choose to invest in index mutual funds or passively managed exchange-traded funds (ETFs) over actively managed funds or personalized investment portfolios. We highlight some of the most important passive investing risks you should know.