Monitor Your Investments. Consolidating your finances can also help you ensure that your investments are positioned to help you achieve your financial objectives. To be sure that your financial goals are being addressed, the investments you select must be constantly monitored and adjusted when necessary. This process will help you keep pace with your changing circumstances and the current economic environment, based on your individualized investment strategy. With your assets in one place, you and your financial adviser can more easily determine if your investments are properly diversified to meet your investment goals and risk tolerance.
Consolidation also can help with estate planning.
If your assets are in one place, and should the need arise, it will be easier for your heirs to put your estate in order if they don't have to search for scattered investments. With so much to organize in life, consolidating your assets can help make focusing on your financial situation easier. Talk to your financial advisor about other ways you may benefit from consolidating your assets in one place. If you would like to learn more, please write care of the Cascade Business News. This article is published for general informational purposes and is not an offer or solicitation to sell or buy securities or commodities.