1633 E. Fourth Street, Suite 216
Santa Ana, CA 92701
714-560-9022

Risk Management

Risk MgmtWhat keeps you up at night?

Chances are, the things that keep you up at night are things beyond your control.  They are things that threaten you well being in some way.  These are risks.

One definition of risk is simply “the possibility of loss or injury”.

There are four ways to deal with risk:

  1. Accept it – We accept many risks in life.  Life itself is risky business, since most of it is beyond our direct control.
  2. Avoid it – We learn that it is easier to avoid some situations rather than ‘tempt fate’.  Stay out of the dark alley at night.  Don’t drink and drive.  Don’t talk to strangers.  These are all ways we avoid risk.
  3. Reduce it – We may alter our diet to reduce the chances of certain diseases.  Driving defensively can reduce our risk of accidents.
  4. Transfer it – We transfer large risks whenever possible.  We put our money in the bank.  We buy car insurance., fire insurance, and life insurance.  Each of these is a way to transfer the financial consequences to another institution.

Managing Risk

Our goal is to help you decide which risks you can accept, what you can avoid or reduce to an acceptable level and what makes sense to transfer.  Throughout this process, we will help determine in which areas you are overinsured or underinsured.

Part of managing risk is understanding it.  When it comes to investment risk, we start with online quantitative risk profile that yields a risk tolerance score of 1 to 99 (1 being low risk tolerance and 99 being very aggressive).  We then use the same tool to measure the embedded risk in any portfolio.  That gives us the ability to tailor your investment portfolio risk profile to match your personal risk profile.  To get your free personalized risk profile, click on the button below.

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Mission Statement

Our mission is to help make your financial life as simple and harmonious as possible.

We take the complex and make it as clear as we can. We believe that you should never buy a financial product or service that you do not understand.

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© 2006 - 2017 Tri-Circle Financial Strategies, Santa Ana, CA. All rights reserved.
Rachel Owens and William Sornstein are Registered Representatives with and Securities and Financial Planning offered through LPL Financial, a Registered Investment Advisor, member FINRA / SIPC. The LPL Financial registered representatives associated with this site may only discuss and/or transact securities business with residents of the following states: California, Arizona, Iowa, Nevada and Texas.