Posted October 4, 2022 by juliuswealthadvisors

The fact that a sizable portion of Americans lack basic financial literacy is one of the main drivers behind Julius Wealth Advisors' decision to assist and address the issue. Feel free to connect with us for more information.
Englewood, New Jersey – As new generations enter the workforce, get married, and have children, there is a growing need for them to develop what is called “financial literacy” so they can make wise decisions when mapping out a plan that will anticipate needs down the road.

“The concept of financial literacy is a major pillar of what we build on when counseling clients on their futures,” said Jason Blumstein, CFA®, and founder of financial and investment advisory firm Julius Wealth Advisors, LLC (www.juliuswealthadvisors.com). “Without this knowledge base people can make irreversible decisions when it comes to planning for the family’s future.”

Blumstein references an alarming observation by the Milken Institute (www.milkeninstitute.org), a non-profit, non-partisan think tank focused on accelerating measurable progress on the path to a meaningful life.

“This international organization recently had a panel discussion indicating that a large percentage of the U.S. population is financially illiterate,” he said. “This is why knowledge is a core value of my firm as we seek to tackle this situation.”

The Milken Institute referenced a recent study indicating that U.S. adults could correctly answer only 52 percent (Financial Literacy: The Road to a Better Future (milkeninstitute.org) of financial literacy question. According the survey, the results were even worse for Gen X and Gen Y respondents.

“These findings are alarming,” said Blumstein, “This isn’t surprising since there aren’t many resources out there. That’s why our goal is to become this resource for those striving for financial security through various wealth-building strategies.”

But these findings support Blumstein’s long-standing focus on leading with education (Our Process (juliuswealthadvisors.com) on financial literacy when beginning work with a client. This educational program brings clarity and understanding to financial planning for clients seeking a secure future with a variety of strategies.

Blumstein has also coached the children of clients on financial literacy. These sessions have been successful with teenagers and college students to help them lay a solid financial foundation.

Blumstein educates clients on a wide range of issues that include:

- Managing cash flow
- Understanding the ups and downs of financial markets
- Stressing that wealth building involves patience, sacrifice, and a long-term commitment
- Developing a flexible plan that can change as life situations change

“The key in this process when it comes to building sustainable wealth, is to start early and consistently contribute to accounts over the long haul,” said Blumstein. “By taking this approach in your early- to-mid 30s and 40s, it should help you develop a consistent approach to financial freedom, saving for college, and other goals.”

Blumstein’s plans are customized to a client’s needs and timeframes. The process involves:

- A philosophy guided by the principles of Warren Buffett and Jack Bogle which emphasizes owning high-quality assets for decades, not days, while seeking downside protection and controlling the drag of cost and taxes.

- Research and invest in assets that exhibit certain quantifiable characteristics that have been demonstrated to deliver more favorable long-term, risk-adjusted returns – not every time, but over time.

- Ascertain an investor’s needs, ability and willingness to own a business. The goal is to personalize a solution that meets unique situations, allowing the clients to stay the course with long-term peace of mind.

Julius Wealth Advisors, LLC, is built on three pillars -- integrity, knowledge and passion. The firm’s services include behavioral coaching, financial planning and investment management.

“Unlike the typical financial and investment advisor,” said Blumstein, “we believe in offering more than just numbers on a quarterly report. We are here to help you identify long-term financial goals and create a tailored plan to achieve them. Plus, we offer behavioral coaching to support better decision making in the future.”

Blumstein also points out these plans change as lives and personal situations change. These can include marriage, becoming parents, an illness, a divorce, career change, and ultimately financial freedom. Regardless of these situations, Julius Wealth Advisors, LLC, stresses the disciplines necessary to reach any of these goals.

For More Information :- http://www.juliuswealthadvisors.com/
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Issued By Julius Wealth Advisors
Phone 201-289-9181
Business Address New Jersey
Country United States
Categories Finance
Tags julius wealth advisors
Last Updated October 4, 2022