Darryl Tom - The Value of Staying in Your Lane

Darryl Tom is a private wealth manager who delivers personalized comprehensive wealth management strategies and solutions to high-net-worth (HNW) individuals. Previously, he was a private banker at DBS and ANZ private banks and an investment manager with HSBC Australia, providing investment portfolio construction across multi-asset classes, including unit trusts, ETFs, equities, global fixed income and currencies. He provided investment guidance to relationship managers to meet the investment needs of their clients. Darryl has worked as a financial planner for AMP, Australia’s largest wealth manager, and was also based in Tokyo, Japan, where he was a private wealth manager for a boutique wealth management firm catering to HNW expatriates and specializing in wealth management and asset protection. His experience includes business training and development for large multinational firms, such as Goldman Sachs, Pictet Asset Management, Baxter, Roche and Microsoft.   “I come across a common theme across all of my clients, which I guess if you were to boil that down into a simple sentence, it would be that clients are chasing the market or following the market as opposed to following a strategy.” Darryl Tom   No.1 mistake witnessed as a wealth manager Chasing the market rather than following a strategy Darryl has been on the front line talking with a lot of investors and people wanting to protect and grow their wealth for future generations and one of the common themes across all of his clients’ mistakes has been chasing or following the market as opposed to following a strategy. He says investing is a very disciplined and patient game. Investors’ styles likened to The Tortoise and the Hare He also says investing is like the moral in Aesop’s: The Tortoise and the Hare fable. Consider the tortoise as being the slow, precise, and disciplined investor, just doing what he needs to do and staying the course. Meanwhile, the hare races ahead, but stops every five minutes to talk to people, responding to different information in the market, basically just being distracted. This is a common theme across most of his clients and as a private wealth manager,