Personal Wealth Management

Defining wealth management has been a constant industry dilemma—mainly because everyone claims to be a wealth manager, and no accreditation exists to limit rampant use of the title. The Investment Management Consultant Association (IMCA) says, “Wealth management is the process of accumulating, protecting, and distributing wealth in life and at death in the most efficient manner possible.” The association sponsors a course (which some of our firm’s members are currently studying) that covers a variety of topics that impact our clients and their financial well-being.

Client Profiles

Joel Thompson

TCI Challenge: Joel Thompson met Trust Company of Illinois (TCI) when he owned a commercial industrial roofing business in the Chicago suburbs. “When I first began working with TCI I had my investment portfolio split between TCI and another investment firm. I watched the two portfolios over time and I soon realized how the diversification strategy in my TCI portfolio positively impacted my overall investment performance.”

TCI Solution: When Joel sold his business in 1999 he moved to Colorado and moved his entire investment portfolio to TCI. “I believe in a steady, conservative approach to managing my money. I’m not after a certain rate of return,” he says. “What’s important to me is consistency. I would rather have consistent steady growth than drastic fluctuations in my returns—and TCI understands that.”

TCI Results: “The older I get, the more I’m interested in asset preservation. While TCI’s goal is to help me make money, they are very protective of my potential downside. Thanks to their management philosophy, when the market fluctuates, I’m still comfortable with my window of ups and downs. With TCI, I know I’m positioned for steady gains with a well-diversified portfolio.”