Foresight ranks 1248th on Inc. 5000 and 50th on MountainWest Capital Network’s Utah 100 list.
Foresight Wealth Management, L.L.C., invests “side-by-side” with its clients. So, when Foresight made the Inc. 5000 Fastest-Growing Private Companies list, Adam Nugent, founder of Foresight, gratefully acknowledged that it was because of the relationships they had built and the trust they had earned, which resulted in their organic growth through client and professional referrals. Nugent explains, “That we co-invest with our clients--that we own what we recommend--is huge with our clients; they see that we have ‘skin in the game,’ and that makes all the difference.”—
A recent article on Forbes.com deeply concerend Nugent, but it only confirmed what he had seen with his clients. In January 2016, Forbes.com staff writer, Maggie McGrath, wrote an article titled, “63% Of Americans Don't Have Enough Savings To Cover A $500 Emergency.” She cited a survey from Bankrate.com, which found that “ just 37% of Americans have enough savings to pay for a $500 or $1,000 emergency.” Education is essential in Foresight’s customer relationships and helps them prioritize and construct custom, personal, and transparent plans for each client.
Foresight believes that it is never too early, or too late, to manage and build wealth. Nugent advises, “Too many people believe that they don’t earn enough to invest. So, when an emergency happens, it can be financially devastating. But that is fear...it is backwards-thinking. First, you manage what you have, and then the building comes--organically, deliberately, and methodically.” This philosophy has guided him and his advisory team as they work with individuals and businesses to build wealth and mitigate financial risk.
One competitive advantage Foresight wields is the knowledge and hard work it takes to mitigate the tax impact on clients. Recently, a business owner needed to sell his business in the most tax-efficient way possible. Initially, the business owner had his CPA run the numbers. A second analysis from Foresight reduced the tax load by over $500,000.
“We are business owners. We own real estate. We have real life experiences that clients can relate with,” Nugent declares. “I am a huge fan of using real-life experiences to help explain processes and strategies. We do pay taxes, but we do everything we can, within the guidelines, to mitigate those taxes.” Because of this, Nugent shares, “We are able to connect with our clients on a much more intimate level. When I know why something is important to my client, then it becomes important to me.”
About Foresight Wealth Management
Headquartered in Sandy, Utah, Foresight Wealth Management consists of a highly skilled and specialized team of financial advisors that collaborate with clients to construct customized, personal financial plans. As an independent registered investment advisory firm, Foresight Wealth Management remains unobligated to any particular financial product provider and has the rare ability to make investment recommendations with its clients’ best interests in mind. Launched in 2010, Foresight was recognized as the fastest growing wealth management firm in Utah by MountainWest Capital Network and recently became one of Inc 5000’s “Fastest Growing Private Companies.” In addition to investment management, Foresight also offers company retirement, fiduciary service, and risk mitigation strategy solutions.
Visit www.foresightmgt.com for more information.
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