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

Managing wealth isn’t just about building a pile of money—it’s about creating stability, security, and opportunities that last a lifetime. Whether someone is just beginning to grow their assets or has already accumulated significant wealth , the way it’s managed determines how far it will stretch. Wealth management blends financial planning, investment strategy, and personal priorities into a roadmap that works not only for today but for years to come. Let’s break down the strategies that matter most when navigating the complex but rewarding world of wealth. Setting Clear Goals Before Building a Plan Every successful wealth strategy starts with clarity. Ask anyone who’s achieved long-term financial security, and they’ll likely say it began by knowing what they wanted their money to do. Goals can range from funding a child’s education to buying a second home, planning an early retirement, or ensuring a comfortable legacy for the family. Consider a young professional setting aside funds ...

Building wealth requires more than simply saving money—it demands strategic plannin g and smart investment decisions. Proper asset allocation is one of the most effective ways to ensure your wealth grows consistently over time. By distributing your investments across various asset classes, you can manage risk while maximizing returns. Whether you are a seasoned investor or new to the world of investing, understanding how to allocate your assets effectively is crucial for long-term financial success. Understand Your Investment Goals Before you begin allocating assets, it's essential to have a clear understanding of your investment goals. These goals will guide your asset allocation strategy and determine the types of investments that best suit your needs. Are you investing for retirement, purchasing a home, or funding a child's education? Each of these goals will require different approaches to asset allocation. For example, if your goal is retirement, a long-term investment ...

 Yacht racing blends athleticism, strategy, and seamanship into a dynamic and challenging sport. Whether navigating short inshore sprints or grueling offshore passages, sailors must harness the wind, read the water, and work in tight coordination with their crew. With a foundation grounded in rules set by World Sailing, the sport offers a range of race formats and opportunities to suit all skill levels. From local club races to iconic events like the America’s Cup, yacht racing builds both technical expertise and a strong sense of community. Newcomers often begin by crewing on boats, learning through mentorship, and gradually progressing through experience. Success on the water isn’t just about speed—it requires understanding equipment, mastering roles, and staying engaged with resources and networks that support continuous growth. The following guide breaks down key aspects of the sport to help aspiring racers navigate their own path forward. 1.Understanding Yacht Racing Yacht rac...

Estate planning is an essential part of effective wealth management that often gets overlooked in the excitement of growing and investing assets. While accumulating wealth is a primary focus for many individuals, preparing for the distribution of that wealth in the future is just as important. Estate planning ensures that your assets are handled according to your wishes, while also minimizing taxes and avoiding potential legal challenges for your loved ones. Incorporating estate planning into your wealth management strategy provides peace of mind and ensures your wealth is preserved and passed on efficiently. This article explores the key role estate planning plays in wealth management and how it can contribute to the preservation of your legacy. What is Estate Planning? Estate planning involves creating a detailed strategy for how your assets will be distributed and managed upon your death or incapacitation. It goes beyond simply writing a will; it involves various legal and financia...

Building wealth is a long-term commitment that requires not only discipline but also a strategic approach. Whether you're just starting your financial journey or you're looking to optimize your existing portfolio, understanding the art of asset allocation is a crucial element to achieving optimal wealth growth. By distributing your smart investments across different types of assets, you can manage risk and enhance your return potential. This article explores effective asset allocation strategies to help you maximize growth while safeguarding your wealth. Understanding Asset Allocation Asset allocation refers to the way you divide your investments among different asset classes, such as stocks, bonds, real estate, and cash. The idea is to balance risk and reward by diversifying your investments so that your overall portfolio is less affected by the volatility of any single asset. For example, if stocks perform poorly, bonds or real estate help mitigate losses. One of the fundame...