Protecting your wealth and the people you care about most
Comprehensive Risk Management and Insurance Planning: Protecting Your Assets, Family, and Future
At Local Wealth Management, we collaborate with a network of insurance professionals to help ensure you’re sufficiently protected for life’s unexpected twists and turns.
Risk management involves careful analysis of what needs protected today and in the future. A comprehensive approach to insurance planning aims to protect what and who matters most to you.
Our Approach
Comprehensive
We start by understanding your insurance needs and your current coverages for your health, wealth, family, and income.
Collaborative
We work with your insurance provider or one within our network to help protect your needs today and in the future.
Unbiased
We receive no commissions or revenue sharing. Ensuring our advice is exclusively in your best interest.
your risk evolves over time
Home & Auto Insurance
Health Insurance
Life Insurance
Disability Insurance
Medicare
Long-Term Care
Business Owner's Insurance
The local difference
The answer is "YES". Unbiased advice and fiduciary care should apply to your insurance portfolio as well. We remain your advocates within this realm and partner directly with independent insurance professionals. Based on your plan, your licensed team shops for the best rates in the open marketplace, coordinates the application process, and implements the appropriate strategies.
Independence: We partner with independent agencies locally and nationwide.
Access: In addition to your Local Wealth Management advisor, you'll know your direct agent and their contact. No DIY, automation, or chat bots.
Unbiased Advice: We are not an Agency. By design. We remain unbiased advisors without any bias to the "make and model" of your policies.
Our Approach
Guiding Principle
Build wealth with intention, but protect it with purpose. Many people spend decades building wealth but don’t consider protection. You can work hard, save consistently, and invest wisely – but without proper planning, a single lawsuit or unexpected circumstance could jeopardize it all.
Risk Management and Insurance FAQ
What's the biggest risk to my wealth that I'm not thinking about?
You spend your career building assets, making sacrifices, and working long hours, but a single lawsuit without appropriate protections could put it all at risk. Protections exist, yet many people aren’t aware of them or don’t know to ask for them.
How do I protect my family if something happens to me?
It’s not just about having life insurance – it’s about structuring it correctly. Where does the money go and how is it protected from creditors, divorces, or unintended decisions? Many families focus on the insurance coverage amount but overlook the structure that help safeguard it.
What is the difference in excess liability and umbrella coverages?
An umbrella policy is a form of excess liability. Many people don’t fully realize their potential exposure. Over decades of building wealth, unexpected events such as car accidents, slip-and-fall incidents, or business-related claims, can create significant financial risk. An umbrella policy has minimal cost relative to the protections provided.