As the principal and founder of Siminou Wealth Management I’ve always viewed impactful financial planning and investing sitting at the intersection of people, art and science.
First and most importantly my process for helping my clients begins by understanding them as people, not numbers. Their current situation, their goals, and the legacy they want to leave for future generations. I know my clients – many of them for decades – and they know me. When life changes occur, and they always do, I’m there for them and we go forward together.
Effective financial planning needs the artistic creativity to see the world broadly and sometimes differently. But it also needs scientific rigor to evaluate, measure and adjust as needs, market opportunities - and risks – change, sometimes quickly. This is the approach that I’ve taken with my clients since the beginning.
On a personal note, I consider myself to be fiscally prudent. Full disclosure, my wife laughed and used a stronger term than “fiscally prudent” the first time she read this! But knowing the value of a dollar has helped me throughout my life – I got my MBA in Finance from Baruch College’s Zicklin School of Business without taking on any debt. A meticulous planner by nature, I opened 529 plans for each of my three kids before they were one week old.
Fiscal prudence has benefitted me and continues to benefit my clients. For many of them, preservation of capital is a top priority. Fully appreciating tolerance for risk is the starting point, but it’s critical to have experience across market cycles. “Low risk” today means something very different than “low risk” just before the mortgage crisis. My decades of investment experience, and the foresight that comes from it, makes a real difference in my clients’ portfolios and in their lives.
To learn more about how we put people first and how this drives better outcomes for our clients, please contact me.
Richard SiminouFinancial AdvisorSeries 7, 63, 65 and Life and Annuity Insurance License BS New York UniversityMBA Baruch College, Zicklin School of Business
"Someone’s sitting in the shade today because someone planted a tree a long time ago."
- Warren Buffett