We are #66!
On Wednesday May 14, CNBC announced their inaugural list of the Top 100 Fee-Only Wealth Management firms in the country. THOR Investment Management, Inc. was named to the #66 spot on this prestigious list. Rankings were based on criteria that included assets under management, average account size, client segmentation and growth of assets. These criteria […]
Changing Dynamics in the Hedge Fund and Mutual Fund World
If one were to ask the average investor their general thoughts about hedge funds, the feedback would include things like specialized investment strategies, astute managers, large returns, high net worth individuals, and minimal regulations. To this day, many see hedge funds as a symbol of the elite and wealthy. Although this image of the space […]
Importance of Investing at a Young Age and Best Practices
Arguably the most fundamental lesson that can be taught in personal finance is the importance of saving and investing at a young age; it is vital to the process of wealth accumulation. The first point that needs to be stressed is that compounding interest can be very powerful over time. For example, suppose at the […]
Do Your Financial Advisor’s Incentives Match Your Best Interests
It is important to note that every individual’s financial situation is different. This means that everyone’s financial needs are going to vary. While some individuals will have a more complex financial picture and may need a more focused approach, others may only need minimal guidance and in many cases a more hands off approach. It […]
Top 6 Considerations for Financial Planning for College
Financial planning for college is becoming ever more important as the higher education required to succeed becomes more and more expensive. According to the Department of Education, the cost of college is outpacing inflation and wage growth. Student loans account for more personal debt than credit cards. And by 2030, the average public university tuition […]
3 Keys to Effective Financial Planning for Divorce
Research shows that getting divorced is one of the most stressful events in life – and a frequent victim of that stress is effective financial planning for divorce. An experienced wealth manager can be invaluable in this situation, providing the clear head, careful consideration and financial expertise required. THOR Investment has helped many clients […]
Retirement Planning: One Well, Three Buckets
Retirement is a stage of life that we all are instructed to prepare for during our working years, but developing a retirement plan is another matter entirely. Between the challenges of the economy, and the complexity of investing, not enough Americans will be prepared to retire – in fact, a recent Pew Research study shows […]
Having Security in Social Security
“The hardest choices in life aren’t between what’s right and what’s wrong, but between what’s right and what’s best.” – Jamie Ford Unfortunately, we are all getting older and as we creep closer to the sixth decade of our lives, Social Security benefits begin to enter our financial conversations. We have had many conversations with our […]
The Difference Between a Wealth Management Firm and a Brokerage Firm – and Why It Matters to You
In an ever more complex world, people who enjoy a high net worth have much to be thankful for– but also much to manage. Their desire to find financial expertise covering more than just investments has been one key factor driving a shift from reliance on stockbrokers to relationships with wealth management firms. But what […]