In the wake of a slow economic recovery, continuing congressional gridlock and unprecedented Federal Reserve stimulus, principal and founder of Maxele Advisors, Registered Investment Advisor Steve Erken, has certainly been privy to the mumblings of those panicky investors who say “sell everything.”  “The economy continues to improve,” says Erken, adding that the market shows no immediate signs that this uptrend will end anytime soon. But, he still estimates there’s enough uncertainty left to proceed cautiously.

Evidence whether this economy can stand on its own and if its recovery is real, he says, “That data- sustainable economic growth with manageable inflation - is going to be a huge deal but it’s not the focus of today – it’s coming later.” Nonetheless, Maxele stays the course in the way they do things, especially in earning a client's trust by providing a fiduciary standard of care to clients. “Everything we do is customized, so we get a clear understanding of the client’s short and long term goals, investment capital and emotional attitude towards risk,” Erken remarked.

According to Maxele’s strategy, if a good financial plan is put together initially, its framework should stand up, fitting in well with the always-changing economic landscape.  By reviewing with the client Erken says, “We try not to have any surprises. We provide a lot of communication about where they stand in terms of assets versus the consumption rate, and we are of the philosophy that our job is to give options and feedback. The client is the one who decides if they want to make changes in their lifestyle.”

Predominantly serving those 60 and over, Erken’s advice is projected realistically against the perception that a number of clients may likely live into their 90s.   Although, not having had anyone unexpectedly run out of money across his long career, Erken can report many clients are relenting to the fact of living longer.   However, “We’re finding people wanting to take more longevity risk versus principal risk in their portfolios,” he said.

Either way, Erken’s counsel is never biased by outside sources such as broker-dealers or insurance companies. “Undivided loyalty to our clients – fee for advice and service,” is Maxele’s maxim.

For more information, visit: www.maxeleadvisors.com