Clark Wilson, the old mortgage guy, is currently 70 years old – and shows no signs of slowing down!
The overriding purpose for the old mortgage guy to continue in his chosen profession is the following:
“To help seniors use their largest asset to create a more stable, secure and prosperous financial future in the face of uncertain economic times.”
It is unfortunate that we find ourselves in this very difficult economic malaise. Even though the “powers that be” tell us that inflation is only temporary, the old mortgage guy knows better having lived through the 1970s recession as well as a recession of 2007 to 2009. Inflation is here to stay for quite a while, no matter what the pundits say. Now, the corollary to inflation being with us for a while is that the prices of everything that we all use in our daily lives are going to rise sooner than later. All of us will require access to more money in the future than we have access to today just so we can get up in the morning and live, breathe, eat and handle the ordinary expenses of everyday life.
In reviewing the most recent two client’s financial plans from their financial professionals, the old mortgage guy has discovered that one client is making 1.8% per annum and another client is making 4% per annum on their investment plans. These low rates of return are not going to cut it in any economic climate where the official government inflation rate is 7.5% per annum and will not go away any time soon. In other words, so long as the most recent two clients continue to follow the instructions of their financial professionals, they will be losing money each and every day they get up. The old mortgage guy finds this to be unacceptable.
(A word here about why the old mortgage guy is now devoting full-time to the mortgage business even though he still possesses an active Registered Investment Advisory firm, Clarke Wilson Capital Management [CRD#: 121925]. FYI: there are no clients in the Registered Investment Advisory firm at this time. The old mortgage guy has abandoned the registered investment advisory business for the time being because as a mortgage professional concentrating on providing HECM loans; the old mortgage guy can provide seniors with a much greater positive impact on their financial future with a HECM than with all the managed mutual fund, balanced portfolio and annuity strategies an RIA platform could ever deliver to the same clients.)
(There are two spellings of Clark’s first name. He was born with Clark, but when it came time for him in the 1970s to join the Screen Actors Guild, SAG, and the American Federation of Television and Radio Artists, AFTRA; there was already a man named Clark Wilson spelled the same way in both unions. The unions would not allow two actors with the same name spelled exactly the same way to exist within the unions at the same time. So, Clark Wilson elected to place an “e” at the end of his first name in order to join the unions and embark on his professional acting career. It was at this time that he also began his Registered Investment Advisor business which is why the Clarke in Clarke Wilson Capital Management is spelled with an “e”.)
In conclusion, the old mortgage guy has a very compelling reason to remain in business and positively impact the financial future of as many seniors as possible before he, himself, is forced to retire.