You've heard the old adage "don't put all your chickens in one basket," and it's true. Diversification of investments can help reduce the volatility of your overall investment profile over time. But, have you ever considered how it might make sense to keep your chickens all on the same farm?
Consolidating investments at one financial institution has potential benefits, like:
- Streamlining visibility and reporting, giving you more clarity around your portfolio
- Higher combined asset totals may equal lower fees, improving your rate of return
- Reducing the risk of losing sight of investments, like 401Ks from previous employers, due to transfers
Do you have chickens on multiple farms? Let's talk. We can review your individual accounts so you can decide if consolidating to one farm is right for you.
Disclosure: While diversification can help reduce market risk, it does not eliminate it. Diversification does not assure a profit or protect against loss in a declining market.