Total Wealth with David Lukas

About David Lukas

David entered the financial services industry over 14-years ago. During that time, he observed that by in large, much of what consumers were being led to believe by those in the investment world wasn’t always in their best interest. Clients are often advised to hang in there despite the ups and downs of the market. “The idea that my clients could sustain significant genuine losses just wasn’t real for me.”

Over time, David had the opportunity to talk with many people who lost substantial amounts of money in the market. Time and time again, they were told to “just hang in there”. That’s little consolation to someone at or near retirement. Those losses can be devastating. “Most of the people I talked to were confused,” David says. “The financial world presents itself as this highly complex system that only experts understand."

David recounts, “After having an opportunity to meet with countless people, I observed that most people are taking way more risk than they told me they wanted heading into retirement. They are frequently in funds that lost 25% to 50% or more just a few years earlier. If history repeated itself, it would be a recipe for disaster. The sad part is that they have no idea of the risk they are facing. They’ve got a hope and prayer portfolio… a scary proposition for someone at or near retirement.”

David set out to find a better way. The major challenge David faced was reducing risk for his clients. “I wanted to help my clients protect and here’s the key word… enjoy their retirement savings. The goal was to find a way to be opportunistic in the good times, while defensive in the bad times and to provide sound financial solutions focused on low risk, low volatility with the greatest probability of long term investment success.”