Confidence to Follow Your Dreams
Spend your time doing what you love.
Let us take the complexity out of wealth management.
Echo Wealth Management has a team of fee-based independent financial advisors serving clients in Minneapolis-St. Paul, MN and beyond.
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Who WE ARE
We are a boutique wealth management firm that leverages
keen wealth management expertise and experience with vigor and
adaptability for professionals and entrepreneurs. -
Our VISION
is to be the most trusted and referred wealth management firm
for driven and successful professionals. -
Our MISSION
is to help people build financial confidence to pursue their
passions and dreams. -
Our CORE VALUES
Integrity
HonestyCommitment to Excellence
Collaboration
InnovationPositivity
Balance
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Our APPROACH
In-depth financial planning and customized investment
management that aligns your aspirations, your values, and your resources. -
Our PROCESS
We listen, organize, analyze, recommend, implement,
monitor and search. We are disciplined and proactive in delivering
personalized planning for you.
Why Choose Echo Wealth Management?
Echo Wealth Management is an independent, boutique wealth management firm located in Plymouth, Minnesota that takes the complexity out of wealth management. We offer integrated, comprehensive solutions that address every facet of our clients’ financial lives.
Our clients range from executives planning a secure retirement, to families looking to preserve their assets for future generations, to businesses seeking expert investment advice. Our individualized and personal approach to wealth management appeals to investors from all walks and at every stage of life.
Meet Echo
"At age 20, I left my little corner of the world and flew across the broadest ocean in the world with just $800 in my pocket, a yearning for adventure in my mind, and with excitement and curiosity in my heart for my new life in the land of opportunities."
Echo Wealth Management, LLC, is a new company that I started in 2015 to serve successful professionals and entrepreneurs by putting insight into action. It embodies my passion for helping people plan for their financial future. I believe that holistic financial planning is the foundation of financial success.
Latest Articles:
- Make Protecting Your Income A Priority
- The Surprising Pitfalls of Retiring at the Same Time as Your Spouse
- Long-Term Care - It’s Not as Scary as You Might Think
- Weighing the Benefits of Stocks or Bonds to Save for Retirement
- Outsourcing in the New Year So You Can Do What Matters
- Is It Better to Give Than to Receive? Answer: BOTH!
- It's Your Estate, Don't Procrastinate!
- Seven Strategies to Help You Build A Bigger Nest Egg - Even if You're Playing Catch-Up
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Make Protecting Your Income A Priority
You might be thinking…
Other people get disabled, not me.
My business can run without me.
I’d rather put my money into growing my business.
The truth is illness and injury impact all of us, even businesses. Whether you are a key employee or business owner, understanding the possible outcomes of a temporary or permanent disability will help you to identify smart solutions for your financial plan. -
The Surprising Pitfalls of Retiring at the Same Time as Your Spouse
On paper, retiring at the same time as your spouse sounds like a no-brainer! If you both retire together, then you would be free to travel the world, take up some new hobbies, and spend more quality time together as a couple. Chances are that you’ve not been able to enjoy these luxuries much over the past 20, 30, or more years. This is because, by the time we are nearing retirement, we have only recently said our goodbyes to our youngest child, and spouses have seen little of each other as day-to-day obligations eat up alone time.
It is for these reasons that simultaneous retirement has its appeal. However, it is vital, especially for women, to know where the pitfalls lie.
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Long-Term Care - It’s Not as Scary as You Might Think
Sometimes, the unknown can be a bit scary. Previously, I’ve shared several financial tips that will allow you to plan for your financial independence and to own your future. Today, I want to ask you to give me a few somber minutes of your time.
I am asking you to turn off your emotions and turn on your intellect only. This way, you will be protected from your emotions entering in and shutting you off from discussing a tough but important topic: Long-Term Care. Come out from under the blanket for a few moments to learn about this important element of financial planning. Let’s look at what it is, and I promise you, it’s not as scary as you might think.
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Weighing the Benefits of Stocks or Bonds to Save for Retirement
If you are planning for your future then, hopefully, you have put some thought into saving for retirement. When planning for retirement, there are many important factors to consider, such as how much investment risk is appropriate for your financial goals – and your comfort level. If what I have mentioned so far resonates with you, then the next question is, should you invest in stocks or bonds for your retirement savings?
There is a lot to unpack here because every investment has risks. When the stock market goes up, the usual pattern is that the bond market goes down (usually due to the Federal Reserve Bank increasing interest rates), but market cycles can be very strange indeed. In 2018, both the stock and bond markets lost money. In 2019, both the stock and bond markets had great returns. In 2020, the stock market had a sharp decline in the Spring and recovered, while the bond market had a steady, positive return as we dealt with the COVID-19 pandemic. This is precisely why everyone needs a solid education in investment planning, whether working alone or with an advisor, to determine risk tolerance and, on that basis, the right asset allocation to maximize after-tax risk-adjusted returns.
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Outsourcing in the New Year So You Can Do What Matters
We all know the classic saying, “time is money,” right? We also know that time and money are the two things we often wish we had more of. The key to time management and overall life quality will always be finding that balance between what you have to do, what you want to do, and figuring out how to afford it all.
I know that I usually share about financial planning topics here. However, today, I wanted to share about something that’s equally important and still related: The idea of outsourcing specific tasks and responsibilities in your life to free up time to do the more valuable – and profitable – things.
The Organization for Economic Cooperation and Development (OECD) ranked the United States 29th out of 34 countries in work-life balance. Outsourcing some of your daily tasks may be a more efficient use of resources than taking the valuable time to do it all yourself. Sure, we could all learn to change our oil or fix a leaky faucet, but by paying a professional to handle these tasks, we free ourselves up to focus on other things, like our work, which, in the long run, will make us more money rather than losing it.
For example, if you make $100 an hour at your job, and it takes you 3 hours to do a deep clean of your house, it essentially costs you $300 to clean your house. If you can have a service clean it for $150 in 3 hours, you’re saving money and outsourcing the labor. This is called “Opportunity Cost” – the next highest valued alternative use of a resource.
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Is It Better to Give Than to Receive? Answer: BOTH!
When you’ve reached a point where your wealth management strategies have paid off and you are comfortable in life, giving back is something you can do that will bring a great sense of fulfillment to your life and allow you to leave a legacy to the community, people, and causes you care about.
However, there is still a lot of confusion about giving and ways to give. Most people write a check and fail to benefit from the tax reduction opportunities to maximize the good they are going to do for themselves and for their charity of choice.
Charitable giving can give you a sense of satisfaction that can enrich your life. Charitable giving is a win-win experience. Let’s now explore a few best practices in charitable giving.
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It's Your Estate, Don't Procrastinate!
Nobody likes thinking about dying, or selecting a guardian to raise your children, or having to choose which of your children would best manage your money in your absence. But the critical point about estate planning is this: If you don't do it, you lose your say. Without a will, your estate may end up in court, divvied up based on a judge’s decision - not your own.
Without specific terms set in place, you may not get the medical care you would prefer or the preferred custodial caretaker for your children. For those reasons, it is better to face the discomfort of our mortality and make sure everything is up to date and in order. With your estate planning checked off your list, you can rest assured that, in an unthinkable situation, you and your family will be covered.
So, where do you start?
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Seven Strategies to Help You Build A Bigger Nest Egg - Even if You're Playing Catch-Up
Have you begun to save for retirement? It is never too early to start planning for your retirement, and in a perfect world, we would all start saving for retirement at age 25 and life would never throw any curveballs to send us off track. Of course, this is far from a perfect world, and that's why so many Americans find themselves playing catch-up and carrying anxiety about never achieving their retirement savings goals.
Today, I want to offer you some powerful techniques you can use to accelerate your savings right now - even if you've waited longer than you would hope to begin saving. Below, we’ll look at seven tactics to help you get serious - and successful - about your retirement nest egg.
Let's Start a Dialogue
Managing your wealth is a very personal subject,
one we should discuss in a more personal setting.
Your time is valuable.
Before you visit our office in Plymouth, please schedule this complimentary 30 minutes Discovery Call (Zoom Video) with a member of our team to share your financial planning needs. Our team member will let you know if you should schedule a 60 Minute FIT Meeting with Echo.