The senior wealth advisor discusses why there’s never been a better time to diversify your financial portfolio.

With over 25 years of experience helping clients manage and grow their wealth, Steven Carinci is someone who goes beyond money to create meaningful relationships with clients. By watching market trends and financial news, and staying up-to-date with what’s happening around the world, Carinci is able to navigate the clients he works with to earn a decent rate of return while mitigating risk.

Following what Carinci calls “a negative and extremely volatile” year for investors, where interest rates soared, a recession was and still is a looming threat and virtually every sector was hit hard, he emphasizes the importance of having a diverse portfolio. “When you put all your eggs in one basket, a year like last year can have a really negative effect on your overall return. Clients need to take a defensive stance on their portfolios and advisors should be the ones steering the ship,” he says.

In order to weather the storm and plan for the long term, advisors like Carinci are indispensable. By drawing on his expertise and wealth of tools and contacts, he can help generate a solid return. “The do-it-yourself will not work,” Carinci says. “And in my experience banks don’t take the time to service the clients and have a very limited lineup of products. There certainly is bias towards the bank products that, in many cases, underperform.” For him, the key comes down to client engagement. “It’s about really keeping the client engaged in the process from start to finish,” he says. “Letting them know what’s happening, meeting with them regularly and, at times like last year, becoming a lot more service-oriented.”

“If your advisor isn’t meeting with you or recommending how you should reposition and strategize your portfolio, you need to seek a second opinion,” Carinci says. “My priority will always be to help my clients grow and preserve their wealth, while helping them reach their goals with peace of mind.”

For a complimentary consultation, kindly contact Carinci and his team

25 King Street West, Suite 2100, Commerce Court, Toronto Ontario
Direct Line: 647.479.8832
www.stevencarinci.ca
@stevencarinciwealth