Larry Luxenberg Talks about Investing for the Long Term

Investors often lose sight of their long-term goals by reacting to short-term market factors.

Wealth management strategy: Creating, growing and preserving wealth

As wealth managers and financial advisors we know that creating, growing and preserving wealth presents unique opportunities as well as challenges for individuals and families. While everyone craves simplicity and certainty, those goals are both illusory and expensive in our increasingly complex and uncertain world.

The management team at Lexington Avenue Capital Management brings decades of institutional money management experience to individuals. We are not awed by the latest fads or snazzy Wall Street firms and do not fall for tricks or fuzzy thinking. We know that good solid investment returns are the products of well-designed portfolios and taking the proper advantage of time — the years of a growing family and a long retirement.

Retirement planning: Clarifying goals

Do you have a retirement plan? Most people don’t have a plan for their financial affairs. They worry about money but make decisions haphazardly. They don’t look at the big picture or the long term; this makes it harder to realize their most important dreams and goals. We help people clarify their goals and implement a financial plan to achieve those goals.

Wall Street’s robotic solutions suit an average client

Many people are opting for solutions that assume you are average. Robots and simple designs are attracting billions of dollars — especially target date funds in retirement plans. Target date funds, which invest your money based on only one piece of information — age — have attracted $790 billion in the last ten years. These funds don’t consider your gender, health, other assets, earnings, location, children, pensions and Social Security, debts or any other consideration that makes your situation unique, and arrive at the same solution for everyone of the same age. It sounds preposterous, but this is what happens when people crave simple solutions in a complex world.

Financial planning – because few clients are average

We aim not for the simplest or cheapest solution but the best financial planning solution over the long run. To get the proper answer, you need the proper questions, and many times those questions are not obvious.

We are fiduciaries, legally bound to act in the best interest of our clients

Many people have been burned by financial professionals and other advisors. As fiduciaries, we are legally required to act in the best interest of our clients. By choice and disposition, we want our clients to have what is best for them and we feel that by doing so over the long term, our firm will prosper.

As financial advisors, we work hard to earn and retain the trust of our clients and design every part of our process to be worthy of that trust. Our procedures are clear and transparent. Nothing should come as a surprise to clients who are paying attention and communicating with us.

We invite you to speak with us about how we work to create, grow and preserve a client’s wealth. Give us a call.

Strategic financial planning and implementation

Learn about our approach to portfolio strategy and investing for the long term.