In the inaugural episode of “Planning Wisdom of the Super Rich,” host Ryan Ruff is joined by the star of the show, Wealth Manager at Virtus Wealth Solutions, Devang Patel.

In order to evaluate the risks facing your business or personal estate, Devang and his team need to break down all elements contributing to your personal wealth, including financial goals, savings plans, and even retirement strategies.

The most valuable part of this evaluation process is known as a stress test. This test serves as the foundational unit of effectively and efficiently reviewing your portfolio.

Sit back, relax, and allow Devang to shed light on the importance of performing regular stress tests on your finances to mitigate potential issues and how they can help position yourself for success!

Timecodes:

00:40 – Overview on the structure of the show and what listeners can expect

01:40 – What can people be doing now to secure their finances?

04:20 – The three main ways the stress testing process is utilized

06:59 – An example of where Devang’s stress testing process helped a client

09:00 – The keys to making sure the stress testing process is done well and effectively

10:27 – Why the human element is so important to the stress testing process

12:00 – How Devang’s team at Virtus Wealth Solutions performs stress tests

15:50 – A lesson that can be learned by the super-rich and their stress testing

17:40 – The types of questions Devang’s team will be asking during the stress testing process

21:38 – What can clients expect to receive from the stress testing process

23:17 – Closing remarks

Connect with Devang Patel:

Virtus Wealth Solutions

LinkedIn