8NOVEMBER 2024Portfolio managers are often thought of as people focused on the numbers. While we are numbers-focused, I have found that focusing on people and the goals of clients are keys to success. For many clients, the pursuit of happiness and the well-being of loved ones are important life goals. As they seek to achieve these goals, financial security is top-of-mind. The team at Principal Asset ManagementSM has been working alongside clients, working with their advisors, to manage financial assets for over two decades. While much has evolved over time--including client needs, technology, and investment opportunities--what has remained is our focus on supporting financial security through diverse and custom approaches. The Importance of DiversificationWhile financial security can seem like a singular goal, achieving it in the ways that matter most to clients takes a team committed to a flexible, diversified approach; asset allocation strategies that generate portfolios with stocks, bonds, and other asset classes have served investors well over the last several decades; these pre-packaged asset allocation portfolios provide capital growth commensurate with the risk an investor is willing to take. The intentional and strategic process of diversifying portfolios keeps the customer in mind. Portfolio management teams with expertise in varied asset classes work behind the scenes to make decisions on the strategic allocations to key asset classes and tactical management of the portfolios over the market cycle. We think diversification is a critical component of long-term success for an HELPING PROVIDE FINANCIAL SECURITY THROUGH A PEOPLE-FOCUSED APPROACH TO PORTFOLIO MANAGEMENT By Yesim Tokat-Acikel, Managing Director, Portfolio Management, Principal Asset ManagementYesim Tokat-AcikelIN MY OPINION
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