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

Wealth management is more than simply accumulating money—effectively preserving, growing, and distributing wealth that aligns with your life goals and values. In an era of economic uncertainty, rising inflation, global markets , and complex tax laws, navigating your financial future can seem overwhelming. That’s where wealth management strategies become crucial. Whether building your first investment portfolio or managing multigenerational family assets, a structured approach is essential. Effective wealth management combines financial planning, investment oversight, risk mitigation, estate planning, and tax strategies—all working together to help you achieve long-term financial security and peace of mind. Crafting a Personalized Financial Roadmap Every individual or family has unique goals, time horizons, and risk tolerances. The foundation of effective wealth management begins with a personalized financial roadmap. This roadmap defines where you are financially, where you want to go,...

Investing wisely requires more than just picking individual stocks or bonds. It demands a strategic approach that balances risk and reward while aligning with your financial goals . One of the most powerful tools in an investor’s toolkit is asset allocation—dividing investments among different asset categories like stocks, bonds, real estate, and other alternatives. A well-thought-out asset allocation plan can help mitigate risk, improve returns, and position your portfolio for long-term growth. This article will explore how to allocate assets effectively and build a portfolio designed to maximize wealth over time. Defining Your Investment Objectives Before allocating assets, it's essential to understand why you're investing. Investment objectives should guide every decision you make. Are you saving for retirement, building an emergency fund, or seeking to grow wealth for a specific purpose, like purchasing a home or funding a child’s education? If you're young and saving f...