Life is complex...
Building a Life of Wealth
Doesn't have to be.
As Defenders of Wealth we focus on the endgame by architecting financial foundations that provide liquidity, growth, and stability to support you throughout life and into retirement.
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The Quest Wealth Philosophy
We believe wealth goes beyond a bank account. More so, it's the impact it has on the general good of your life, family, and community.
We also understand life often presents circumstances that affect one's wealth and consequently may cause emotional stress that leads to rash decisions.
At Quest we give genuine counsel on all areas of wealth, and stand as unbiased pillars of financial decisions throughout your journey to building a life of wealth that transcends the norm.
Safe Money Mindset
Three Worlds of Money
A mash-up of how you think about investing, how you plan to spend your wealth, and how you will derive future income; Safe Money Mindset is a unique approach to building a retirement that is stable, inflation resilient, and supports a life style you won't outlive.
The term 'SAFE MONEY' was born from a simple remark made by a client that led to Gene's discovery of an alternative asset class we now call PROTECTION.
The story began when Gene inherited a colleague’s clientele, and a new client from Ann Arbor made a straightforward yet pivotal statement: "Forget all the fancy stock options, I want that SAFE MONEY." Gene didn’t realize it then, but that phrase would become the seed from which the "Three Worlds of Money" concept would grow.
Gene, leveraging his extensive background in big finance, recognized that these alternative programs, although very well suited for clients desiring stable investments, still needed some refinement and adaptation to maximize their potential.
Today, our "SAFE MONEY" solutions are not only stronger but also more comprehensive. They are all integrated into our "Safe Money Mindset," which embraces the Three Worlds of Money: Potential, Protection, and Hybrid. These principles serve as pillars, guiding our approach to ensuring clients not only preserve their wealth but also navigate the financial landscape with confidence and security.
Transitioning from Growth to Stability as Retirement Approaches
Embarking on the financial journey through different life stages involves a transition of strategies from aspiring growth to seeking stability, especially as retirement looms. In our earlier years, the investment mindset was usually growth-oriented, with a keen focus on amplifying returns and embracing diverse investment avenues like the stock market, real estate, commodities, and emerging markets. Each of these avenues presents its unique blend of opportunities and risks.
However, as the retirement horizon becomes more apparent, a shift in mindset is not only advisable but essential. The Safe Money Mindset is about recognizing this pivotal moment and understanding the importance of transitioning one's focus from aggressive growth to stability and protection. It's about embracing the fact that the stakes are different in this phase of life. A significant loss can be devastating and might not provide enough time for recovery.
In the twilight of one's career, the very dynamics that once drove the thrill of potential gains may now elicit fears of market downturns, loss of capital, and an uncertain financial future. By embracing the Safe Money Mindset, retirees can ensure they have a robust financial foundation that supports a lifestyle they won't outlive, while still participating in potential growth opportunities that align with their risk tolerance.
Exploring the Landscape of Growth-Oriented Investments
Exploring the potential-driven world of investments often leads us to familiar territories: stocks, bonds, mutual funds, and ETFs. Beyond the traditional stock market, there are myriad avenues like real estate, commodities, foreign exchange, and emerging markets, to name a few. Each comes with its unique set of advantages, growth possibilities, and inherent risks.
Potential-oriented investments allure investors with promises of substantial returns and visions of wealth multiplication. However, they carry an intrinsic risk, for the same elements that drive lucrative returns also expose them to volatility. Influences like market dynamics, geopolitical events, and economic fluctuations can significantly impact asset values, sometimes causing sharp and sudden financial swings.
Younger investors, or those with a more extended investment horizon, can often weather these fluctuations, as time allows for potential market recovery. Those approaching retirement may find a decrease in their appetite for such unpredictability, thus making a strategic shift sensible.
Engaging with potential-driven investments necessitates a profound understanding of one’s risk tolerance, financial aspirations, and the broader market. Striking a balance between the seduction of notable gains and the tangible risk of setbacks is crucial. While the rewards can indeed be substantial, navigating these tempestuous investment waters requires investors to be astute, prepared, and in alignment with their overarching financial strategy.
Shielding Wealth in an Era of Extended Retirements
The progression of modern medicine and healthier lifestyles has ushered in an era where life expectancy continues to rise. Consequently, many individuals are in retirement for periods that often exceed two decades. This elongated window of retirement brings with it an almost certain probability of witnessing one or more significant market downturns. Against this backdrop, protective investments emerge not merely as anchors but as indispensable safety nets. They stand vigilant, ensuring retirees don't feel the full brunt of financial tempests. A significant market dip, especially early on in retirement, has the potential to severely disrupt even meticulously planned retirements.
Protection-oriented investments stand as the steadfast guardians in a diversified portfolio, particularly for those who value the security of their hard-earned wealth. Often manifesting as fixed annuities, government or corporate bonds with high credit ratings, and select life insurance products, these investments offer a cloak of predictability in a turbulent financial realm.
Moreover, the shield of protection transcends investment stability as individuals confront potential end-of-life scenarios and the possible need for nursing care. Here, robust estate planning becomes crucial through the strategic use of trusts, wills, and select financial products. This ensures assets are shielded from potentially steep nursing home costs and facilitates the smooth transition of wealth to heirs, mitigating tax burdens and bypassing probate challenges.
For retirees, the appeal of Protection investments and astute estate planning culminate in a comprehensive strategy to not only preserve wealth but safeguard that wealth for future generations.
Straddling the Line Between Growth and Safety
The Hybrid investment strategy masterfully blends growth ambitions with the reassuring stability of protection. Anchored by trusted tools like Equity-Based CDs, Fixed Index Annuities, and Indexed Universal Life Insurance, the Hybrid approach is further enriched by innovative instruments such as Structured Notes, Buffered ETFs, and DSTs.
Equity-Based CDs and Fixed Indexed Annuities draw their appeal from associating with the stable banking and insurance sectors while offering growth potential linked to market indices. They enable investors to reap benefits from market highs, simultaneously providing a cushion during downturns.
On the other hand, securities like Structured Notes and Buffered ETFs, although possessing inherent risks, are distinctively structured to mitigate potential downturns, striking a calculated balance between market participation and protective features.
In tangible assets, Delaware Statutory Trusts (DSTs) offer a noteworthy mention, enabling real estate diversification and providing tax advantages through alignment with Section 1031 of the Internal Revenue Code, thereby facilitating investments into potentially more lucrative properties.
The true charm of the Hybrid realm is its balanced approach. While it may not touch the soaring heights of aggressive assets or provide the ironclad assurance of purely protective instruments, it finds a harmonious middle. Growth aspirations intertwine with thoughtful protection, beckoning investors aiming for a comprehensive and balanced wealth strategy.
24 minute video e-book
"7 Building Blocks of Safe Money Mindset"
Discover how we have educated over 500 clients on how to protect, grow, and access their wealth on their terms. Avoid unnecessary risk and maximize your liquidity, putting you in the driver's seat.
Founders Story & Guiding Principles
~ Quest For Freedom 1/4
Compelled to leave his home country of Poland due to opposing political beliefs of communism, Gene sought opportunity in Detroit Michigan to discover his new life-long home.
Twenty dollars in his pocket and a passion to engage the rich culture of Detroit, he began his humble life as a laborer to eventually pay his way through college where he received a Master's Degree in Finance.
It was then he learned the value of personal freedoms, equity in self-labor, and how critical it is to preserve and grow one's wealth.
Principle #1 : Recognize a client's freedom of choice, value their self-worth, and protect it as you would your own.
~ The Moment of Realization 2/4
He went on to work for a large brokerage where he grew professionally but also uncovered the underbelly of Big Finance and their misaligned principles of business as they often operated with a "sell what is best for profits first and prioritize what is best for the client second" type of mentality.
It was this culture that drove him to pursue independent finance where he discovered an open marketplace that offered a wider array of alternative investments which were advantageous to the client's risk vs reward profile.
Recognizing the benefits of this open market, combined with his commitment to providing comprehensive financial services allowed him to cultivate a thriving clientele.
It was during this time he developed client centric methods of practice focused on transparency and ethics.
Principle #2: Remain focused on the stewardship of the client and not on oneself.
~ Provider of Equality 3/4
Through his efforts he built a substantial business, much of which was with the successful yet underserved women of Detroit who often experienced predatory advisory services that were unethical and poorly managed.
At one point Gene provided comprehensive financial planning and risk management to over 50 individual women during this time.
It was this experience that guided his moral compass and cemented his focus for advocating a peer’s right to access expert advisory services.
Principle #3 : Be a champion of equality, and share financial opportunity with pure intention.
~ The Home Stretch 4/4
As Gene's advisory services matured the Quest team grew along with their roster of clients. It was at this point he realized that helping clients reach retirement wealth goals wasn't enough. Thus collectively the team expanded their focus to a multitude of tax mitigation strategies and estate planning services.
The team recognized as clients became older and wealthier they would require more comprehensive planning that encompassed advanced investment options. In doing this Quest was able to help clients not only reach a level of desired retirement wealth but also pass it on to their community or heirs in the most efficient way possible.
This aligned perfectly with a large set of their client base who worked for both AT&T and GM, and ultimately propelled Quest to a level of success that allowed them to have a full team of financial planning professions and support staff.
At this point Gene knew he had come full circle and would continue to build a company focused on these methods of business for the remainder of his career and legacy that will live on.
Principle #4: Be a provider of holistic financial planning that transcends the clients expectation of wealth.
Providing a robust set of financial services we work with clients of all caliber and size. No one person's need for quality financial service is too small or too complex. We are here to help you create lasting wealth.
Meet the Executives
Founder & CEO
As the Founder and current President of Quest Commonwealth, I have had the great pleasure of extending out my wealth of experience in the financial services industry to many AT&T, Ford, and GM employees and those from other industries. I have worked with mutual funds, annuities, pensions, and other areas related to both wealth management and retirement planning.
CIO & Co-Owner
I have been in the Financial Services Industry since 1979. At Quest Commonwealth we focus on providing a Safe and Secure Guaranteed Retirement Income. We help people create a Personal Pension Income for Life.
Chief marketing & co-owner
A decade in the U.S. Navy granted me the privilege of experiencing diverse cultures and working with individuals globally. Today, I'm passionate about leveraging this background to serve the public in the finance domain, providing tailored, one-on-one retirement solutions for my clients.
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