Charles Kenahan | Managing Director/Financial Advisor | Newport, Rhode Island

Wealth management encompasses more than investment strategies; it involves a holistic approach to financial planning that considers all aspects of an individual's economic life. Effective wealth management requires a blend of tools and techniques, allowing individuals to build, preserve, and distribute their wealth. Whether your goal is to grow your assets, secure your family's financial future, or plan for retirement, understanding the key components of wealth management can help pave the way to long-term economic success. Building a Solid Financial Foundation The first step in wealth management is establishing a solid financial foundation. This begins with budgeting, saving, and managing debt, creating the groundwork for future financial decisions. Setting aside a portion of income regularly into savings and retirement accounts is crucial for financial security. Additionally, paying off high-interest debts—such as credit card balances—can significantly increase cash flow for...

Yacht racing is an exhilarating sport that challenges sailors to push their limits while embracing the beauty and unpredictability of the sea. While it may seem daunting to newcomers, competitive sailing offers an accessible entry point for anyone willing to learn the basics. It requires more than just speed; teamwork, strategy, and an understanding of the rules make yacht racing a complex and thrilling endeavor. Whether you aspire to sail competitively or simply want to experience the joy of racing, this guide will help you get started on the right course. Getting to Know the Essentials of Yacht Racing   Yacht racing is far from a simple dash from one point to another. Competitors navigate a course filled with markers, strategic challenges, and shifting weather conditions. Each race is unique, testing a sailor’s ability to think critically while managing their boat. From short sprints around a series of buoys to multi-day offshore races, the variety keeps the sport dynamic a...

Wealth management is like navigating an intricate maze. It’s a journey that requires careful planning, strategic decisions, and the flexibility to adapt when the unexpected arises. Whether you're building your wealth from the ground up or preserving it for future generations, the process involves more than just smart investing . It’s about crafting a holistic strategy that protects, grows, and ultimately passes on your legacy. Let’s explore the key strategies for mastering the art of wealth management with creativity and insight. 1. Wealth Management: More Than Just Money Wealth management is about far more than accumulating dollars and cents. It’s about aligning your financial resources with your life’s goals and passions. Think of wealth as the fuel that powers your life’s engine, allowing you to pursue dreams, support loved ones, and leave a lasting legacy. To begin, ask yourself: What does wealth mean to me? Is it about financial independence, securing your family’s future, ...

 Yacht racing is a dynamic and challenging sport that combines the thrill of competition with the beauty of seafaring. Participants must not only be skilled in handling their vessels but also adept in strategy and quick decision-making. The sport is marked by prestigious events that test the mettle of the world's best sailors, where strategic planning, team coordination, and mastery over navigational tactics play crucial roles in achieving victory. As the sport evolves, so does the technology and approaches, including the increasing focus on sustainability and technological integration to improve performance and reduce environmental impact. This summary encapsulates the essence of yacht racing, highlighting the key aspects that make it a unique and compelling competitive activity. Yacht Racing Essentials Yacht racing combines the thrill of competition with the beauty of sailing, attracting enthusiasts who crave adventure on the high seas. The sport has evolved from its humble begin...