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Article: Keeping an eye on cash flow; Whatever the investments you choose for your clients, be sure the cash keeps flowing.(Investment Strategies)
- Article from:
- Investment News
- Article date:
- August 11, 2008
CopyrightCOPYRIGHT 2008 Crain Communications, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: Brett Wilder
Advisers have a fiduciary responsibility to educate their clients that generating enough cash to fund lifetime goals and objectives adequately is the key to financial success.
While maximizing returns is desirable, an investment portfolio must be managed as part of a comprehensive program that also maximizes positive cash flow.
The job of advisers, therefore, should be to define and measure the client's destination, plan how to reach the destination and monitor progress - all while .
Accomplishing lifetime goals, such as educating children and enjoying retirement, requires that advisers calculate the cash needed to ...