News

In this edition of Wealth Wisdom, we are continuing to discuss the principles that serve as the foundation for sound and strategic wealth management.

1. Financial Planning – Mapping the Journey

2. Investment Management – Growing with Intention

3. Risk Management – Protecting the Engine

4. Tax Planning – Keeping More of What You Earn

5. Estate Planning – Handing over the wheel

6. Relationship Management – Coordinating with Your Financial Team

Investment Management – Growing with Intention

Strategic investment management involves growing your wealth in a disciplined and risk-aware manner. This includes selecting appropriate assets based on your time horizon, risk tolerance, and goals. A thoughtful approach helps maximize returns while minimizing unnecessary risk—especially as priorities shift across the accumulation, protection, and transition phases.

Here is an example presented by Nik Gumeson, First Federal Bank Wealth Management Advisor:

I have a couple that I have been working with for the last 18 months. They both are retired and have pensions with Public Employee Retirement System of Idaho (PERSI). This couple lived within their means and is now enjoying a stress-free retirement with a steady cash flow. They came to us looking for a way to receive a higher rate of return on a portion of their savings. Their primary goal was to give each of their thirteen grandchildren a sum of money when they turned 18.

They had set aside $50,000, split into 13 savings accounts with another institution. They were receiving 0.1% earnings in the savings accounts, which would provide each grandchild roughly $3,850. Since this money was already set aside, they requested that I take a more aggressive approach while investing it.

Considering the two oldest grandchildren turn 18 next year, we diversified to focus on short-term gains and maximizing long-term results. While ages of the remining grandchildren vary, the goal is for each to receive an average of $10,500. The couple is looking forward to presenting each of their grandchildren with a substantial gift!

Next Wealth Wisdom, we'll dive into principal number three: Risk Management.

Securities offered through IFP Securities, LLC, dba Independent Financial Partners (IFP), member FINRA/SIPC. Investment advice offered through IFP Advisors, LLC, dba Independent Financial Partners (IFP), a Registered Investment Advisor. IFP and First Federal Savings Bank are not affiliated.

Registration does not imply that the Firm is recommended or approved by the United States government or any regulatory agency. Registration with the United States Securities and Exchange Commission or any state securities authority does not imply any level of skill or training.

IFP may only transact business or render personalized investment advice in those states and international jurisdictions where it is registered, has notice filed, or is otherwise excluded or exempted from registration requirements. The purpose of this website is for information distribution only and should not be construed as an offer to buy or sell securities or to offer investment advice. Past results are no guarantee of future results and no representation is made that a client will or is likely to achieve results that are similar to those described. An investor should consider his or her investment objectives, risks, charges and expenses carefully before investing. Please refer to IFP Advisors LLC ADV Part 2 for additional information and risks.

Investing involves risk. There is always the potential of losing money when you invest in securities.

Neither IFP nor any of its affiliates or financial advisors provide legal, tax or accounting advice. You should consult your legal and/or tax advisors before making any financial decisions.

This material is not intended as a recommendation, offer or solicitation for the purchase or sale of any security or investment strategy. IFP offers a broad range of brokerage, investment advisory (including financial planning) and other services. Additional information is available in our Client Relationship Summary.

Independent Financial Partners (also referred to as “IFP”) makes available certain investment products sponsored, managed, distributed or provided by companies that are affiliates of First Federal Bank. IFP is a registered broker-dealer, registered investment adviser, Member SIPC and a wholly owned subsidiary of Independent Financial Partners.

Insurance and annuity products are offered through Independent Financial Partners., a licensed insurance agency and wholly owned subsidiary of IFP.

Banking products are provided by First Federal Bank.

Investment products, insurance and annuity products:

Not Insured by the FDIC or Any Federal Government Agency | Not a Deposit or Other Obligation of, or Guaranteed by, First Federal Bank or Any Bank Affiliate | Subject to Investment Risks, Including Possible Loss of the Principal Amount Invested | May Lose Value

Reg BI Disclosure Supplement | Form CRS | Investor Pricing | Privacy Policy | Business Continuity Plan