Many clients tell me ‘Oh, I’m probably not going to be doing what I do today 10 or 15 years from now,” said Timothy C. Mortellite, president and CEO of Timothy Charles Financial, LLC. The Lynnfield, Mass. wealth advisor – a Registered Financial Consultant (RFC) and Accredited Investment Fiduciary (AIF) – said that he makes sure his clients open up early in the relationship about what they really want to do with their golden years.

“Many people say one thing, but then it’s another. They’ll say, ‘I like taking on risk’ … and it’s the opposite,” said Mortellite, who has been a financial advisor for 22 years.

“Making sure that retirement planning matches reality is crucial,” Mortellite said, “especially now that people are living longer and remaining active into their later decades. With people running marathons in their 70s now, it takes considerable effort to plan a realistic retirement.”

Timothy Charles Financial, LLC, an independent financial planning firm founded by Mortellite in 2006, specializes in serving retirees and provides the advantages of a small firm combined with the research power of a large one. The firm specializes in investment management, retirement income planning, wealth transfer strategies, and asset protection.

Being a small company, investors can feel confident that they will have access to their advisor when they need it. The firm, meanwhile, relies on clearing firm Pershing® LLC  to provide research products from every corner of the market. This combination allows Mortellite to offer his clients diverse portfolios capable of weathering economic difficulties.

That’s important considering that the economic landscape remains much more difficult today than it was 20 years ago. Now, advisors and investors are faced with generating income in a low-yield environment and interest rates have not budged for a decade. That means investors need to maintain enough equity exposure to keep ahead of rising taxes and inflation throughout retirement.

“It’s really putting together a balanced portfolio for the client. Most of my clients are retired, so we’re looking for safety,” Mortellite said. “We stick to a long-term approach to making sure people are safe.”

By balancing out their portfolios and keeping a lid on volatility, investors can preserve capital, lower their longevity risk and maintain a lifetime income they are comfortable with, Mortellite said.
There are no asset minimums required to sign up with Timothy Charles, and Mortellite said that he can be of service to investors at different levels of wealth.

“Many people feel like ‘Hey, if I don’t have a couple of million dollars, maybe I shouldn’t be in these types of investments,’” Mortellite said. “But what I tell people is that, whether you have a couple of million dollars or $50,000, the concept of investing is the same.”

That is why he makes frequent contact with investors, makes sure they understand their holdings and are ready for curveballs — such as the death of a spouse, economic contractions, or unforeseen long-term care.

“If you understand what you have, and you have a well-diversified portfolio then I think you can weather a lot of the volatility out there,” Mortellite said. “What sets us apart is the specialty we have. It’s not just a one-stop shop.”

For more information, visit: www.timothycharlesfinancial.com

Securities and investment advisory services offered through Brokers International Financial Services, LLC, Panora IA, Member FINRA/SPIC.
Brokers International Financial Services, LLC and Timothy Charles Financial, LLC are not affiliated companies