Risk Management

Reducing risk is at the core of our philosophy and process that is provided by the professionals at Thorium Wealth Management. Risk management is embedded in everything we do — every analysis we complete, every plan we develop and every portfolio we build. It aims to serve as a safety net to protect each client’s plan against contingencies — those events and changes that cannot be predicted and, in many cases, prevented. It is designed to protect the plan, protect family security, preserve capital and replace income.

We have different types of insurance risk management strategies to address each area of a client’s plan: cash flow, investments, estate and retirement. In most cases the strategy may involve well-designed insurance coverage and properly drawn estate documents. We implement these risk-management strategies carefully and monitor them closely. Risk management is sometimes described as “completing the plan” because without it clients remain at risk and their plans are potentially in jeopardy. With older clients, there is a greater probability of certain contingencies (e.g., medical issues, death, long-term care expenses), so we are especially vigilant in working to secure these areas.

Risk management can take on many forms depending on the contingency. Our process is designed so that our clients are prepared for all of life’s contingencies. As part of our planning process we remain prepared to review existing life and long term care insurance policies and develop strategies for optimizing their value.

Our risk management process has 3 parts: Identify the risk, analyze the impact, and implement a strategy


  • Nature of the Risk
  • Defining the risk
  • Probability of occurring
  • Potential duration
  • Cost (potential liability)
  • Personal priorities


  • Impact on the Plan
  • Cash Flow analysis
  • Investment allocation
  • Capital preservation
  • Future financial options
  • Family responsibilities


  • Risk Management Strategies
  • Evaluating existing risk management strategies
  • Reviewing upgrade options
  • Self-insure versus co-insure
  • Coordinating new strategies into plan
  • Taking action steps