The Power of Full Financial Visibility: Why Advisors Need to Manage Held-Away Assets

Held-away assets present a significant opportunity for advisors. For those committed to delivering comprehensive wealth management services, overcoming the challenges of integrating held-away 401(k) assets into a client's overall financial picture is pivotal. The strategic significance of managing a client’s held-away retirement assets to unlock new revenue streams for your business underscores how important a partner like Future Capital is for enabling your success at this crucial task.

Understanding the Significance of Held-Away Assets

1. Comprehensive Risk Management

Integrating held-away assets into the financial planning process is essential for a complete risk assessment. It provides a holistic view of a client’s portfolio, ensuring strategies are aligned with actual risk exposure and long-term objectives.

2. Maximizing Investment Opportunities

A full view of a client's asset distribution, including held-away assets, enables you to devise more effective investment strategies. This comprehensive approach is key to optimizing asset allocation and portfolio diversification.

3. Protecting Your Client Base

Advisors who demonstrate a vested interest in their clients’ complete financial landscape, including held-away assets, are likely to forge stronger, trust-based relationships. This proactive approach reflects a commitment to your client’s overall financial health.

Addressing Key Challenges

While beneficial, managing held-away assets can be complex. Advisors often face barriers such as limited data accessibility and integrating these assets with existing portfolios. Overcoming these challenges requires:

Leveraging Advanced Technology: Adopting robust financial planning tools capable of aggregating and analyzing diverse data sets is crucial.

Fostering Transparent Communication: Encouraging clients to share comprehensive financial information is essential. Transparency facilitates a more complete and effective financial management strategy.

Real-World Application

Imagine a client with a significant portion of their retirement savings in employer-sponsored plans at other institutions. Without considering these held-away assets, an advisor might overlook critical risk factors or investment opportunities. By capturing the data and incorporating these assets into the broader financial plan, you can provide more tailored and impactful advice.

Future Capital: We Make Managing Held-Away Assets Easy for Advisors

At Future Capital, we understand the intricacies of handling held-away assets. Our suite of services and tools are designed to assist financial advisors in navigating this terrain effectively:

Comprehensive Asset Aggregation: Our platform offers advanced tools for aggregating data from various sources, providing you with a complete view of your clients' financial assets.

Innovative Analytical Tools: Our analytical capabilities enable advisors to assess risk and performance across all assets, and from any retirement plan provider, offering insights that drive better investment decisions and the ability for you to deliver truly holistic financial advice.

Client Engagement Strategies: We provide resources and training to help you engage clients effectively, ensuring a thorough understanding of their entire financial landscape and strengthening the bond with clients which defends your business against competing recordkeepers.

Continued Support and Training: Future Capital is committed to keeping you at the forefront of industry best practices amid this convergence of wealth and retirement by providing you with ongoing educational resources and support.

The strategic management of held-away assets is not merely an add-on service; it is a critical component of thorough financial planning. Advisors who embrace this comprehensive approach solidify their role as indispensable partners in their clients’ financial success. With Future Capital, you are well-equipped to navigate the complexities of held-away assets, offering unrivaled service to your clients, strengthening your relationship with clients while unlocking new revenue streams.  

Engage with Future Capital

Elevate your financial advisory practice with Future Capital’s comprehensive tools and resources for managing held-away assets. Get started today by scheduling a time with one of our team members.