The Gardens Wealth Management team at Wells Fargo Advisors in Palm Beach Gardens, FL, is comprised of senior members Michael J. Cowan, Russell Mahan, David Schnall, Adam Moldof, and Scott Wilson. With custodied assets totaling $3.1 billion, the team focuses on serving retirees and those nearing retirement. The team’s investment philosophy centers around known cash flows and the importance of rising dividends to combat inflation. They prioritize communication and education, hosting events throughout the year on various financial topics open to the entire community.
Michael Cowan, who originally planned to become a priest but ultimately chose a career in finance, emphasizes the importance of creating a solid income plan for retirees. He believes that focusing on dividends and income is the key to ensuring clients can continue paying their bills through various market conditions. The team’s investment strategy involves a significant portion of investments in rising dividend companies, providing clients with confidence and stability. They take a conservative approach to fixed income investments and use alternative investments sparingly in client portfolios.
Looking ahead to 2025, Cowan predicts that market returns may not be as strong as they have been in recent years. He acknowledges the uncertainty of market outcomes and believes that the primary focus should be on collecting enough income and dividends to support retirees’ financial needs. As people are living longer and enjoying a higher quality of life in retirement, Cowan stresses the importance of developing a comprehensive income plan that takes into account the potential for longevity and changing financial needs.
The Gardens Wealth Management team is known for its collaborative approach and dedication to educating clients on a wide range of financial topics. They host multiple events throughout the year, covering everything from investment strategies to end-of-life planning discussions. With a large team of advisors spread across multiple states, the team emphasizes building strong relationships with clients and providing personalized solutions to meet their unique financial goals. Cowan and Mahan’s partnership reflects their shared commitment to helping clients navigate the complexities of retirement planning and achieve financial security in their later years.
In conclusion, Gardens Wealth Management at Wells Fargo Advisors offers a client-centered approach to financial planning, focusing on creating income plans that provide stability and security for retirees. With a strong emphasis on communication and education, the team strives to empower clients to make informed decisions about their financial future. By emphasizing the importance of rising dividends and conservative investment strategies, the team aims to help clients navigate market uncertainty and achieve their long-term financial goals. As retirees are living longer and facing new challenges, Gardens Wealth Management provides valuable expertise and support to help clients maintain financial independence and peace of mind in retirement.
