Choosing a financial advisor is a big decision. How can you find a trusted partner? Someone who’s independent and will work with you to help grow and manage your wealth?

Introducing the team at Bay Rivers Group Wealth Partners. We’re an independent financial advisory and wealth management practice dedicated to collaborating with individuals, business owners, families, and generations. We help you manage, grow, and transfer wealth.

Our planning process is cyclical and forward looking and focuses on the many areas of your financial health. We consult with our clients and gather information about goals and risk tolerance preferences. We then develop the investment strategies designed to help achieve your objectives and provide the advice and encouragement you need.

From portfolio management and tax planning, to retirement plans, social security strategies, and insurance reviews, we can help you navigate all your financial needs. Bay Rivers Group Wealth Partners acts as your partner, collaborating and communicating.

Learn more about Bay Rivers Group Wealth Partners at bayriversgroup.com or by calling our office today.

To keep your investment portfolio on target for financial goals, you want to balance risk and diversify your assets. That’s the purpose of asset allocation - the process of dividing your portfolio among major categories like cash, stocks and bonds. Historically, the returns of these three major asset categories have not moved up and down at the same time - so including a mix of these assets in your portfolio can protect against losses. There is no perfect formula for asset allocation - it differs with each individual depending on their risk tolerance and time horizon. Risk tolerance is the amount of your investment you’re willing, or able, to lose in exchange for greater possible returns.  Risk tolerance is closely tied to time horizon, or the amount of time you have to invest. An investor saving to make a down payment on a home in 5 years might choose less risky investments than someone saving for retirement in 20 years. A longer time horizon allows more time to recover from loss. Asset allocation may be one of the most important investment decisions you make with your portfolio - call us today to learn more.

Many pre-retirees are uncertain about their choices when it comes to enrolling in Medicare. There are 2 main ways to get your coverage - you can choose the traditional fee-for-service Medicare, known as Original Medicare, or a Medicare Advantage plan.

Medicare Advantage plans are similar to an HMO, which stands for Health Maintenance Organization or a PPO, which stands for Preferred Provider Organization.

Original Medicare consists of Part A - Hospital Insurance for in-hospital care, and Part B Medical Insurance for outpatient services like doctor visits and lab tests.

Medicare Advantage, known as Part C, is a managed care option that rolls all the different parts of Medicare into one.

And everyone on Medicare is eligible for prescription drug coverage either from a Part D plan or a Medicare Advantage Plan offering drug coverage.

There are many considerations that can factor into the Medicare planning process. Let us help you with your important Medicare decisions. Call us today.