Christopher Lazos’ Financial Advice: Building a Stable Foundation for Long-Term Success

With over two decades of experience, Christopher Lazos has become a respected figure in wealth management, known for his strategic insights and commitment to empowering clients to achieve financial stability. As Managing Director – Investments at Oppenheimer & Co. Inc., Lazos combines expertise and a client-centered approach to guide individuals and businesses toward lasting financial success. Here, he shares essential advice on building a strong financial foundation, ensuring resilience, and maximizing growth opportunities.

1. Begin with a Clear Financial Plan

For Lazos, financial planning starts with a well-defined roadmap. “Without clear goals, it’s easy to lose focus,” he explains. Whether planning for retirement, a major purchase, or a child’s education, setting specific financial goals is critical. Lazos recommends taking time to outline short-term and long-term goals, which provides structure for decisions about saving, spending, and investing. Revisiting and adjusting this plan regularly is also essential to ensure it stays relevant and aligns with life’s changes.

2. Prioritize an Emergency Fund for Stability

A strong financial plan includes a cushion for unexpected events, and Lazos advises clients to prioritize building an emergency fund. “Life can be unpredictable, and an emergency fund provides security and flexibility,” he says. He recommends saving at least three to six months’ worth of living expenses in a liquid account, giving clients a buffer against unforeseen costs. By having an emergency fund, individuals avoid tapping into long-term investments and remain on track to meet larger financial goals, even in times of crisis.

3. Embrace a Diversified Investment Strategy

Lazos believes that diversification is key to managing risk in a portfolio. “A well-diversified portfolio reduces risk while providing opportunities for steady growth,” he explains. Rather than relying heavily on one asset class, Lazos advises spreading investments across stocks, bonds, real estate, and other assets. Within each category, he suggests further diversification by selecting investments that vary in risk and reward. This approach ensures a balanced portfolio that can weather market volatility while maximizing growth potential.

4. Maintain a Long-Term Perspective

A cornerstone of Lazos’ investment philosophy is patience. “Investing is a long-term journey,” he notes, emphasizing that market fluctuations are natural. He advises clients to avoid reactionary decisions based on short-term market trends, as these can undermine long-term goals. Instead, he encourages a steady, disciplined approach, reminding clients that the true benefits of investing—such as compounding returns—are best realized over time. By staying focused on the long term, clients can build wealth more sustainably.

5. Engage in Financial Literacy and Education

Lazos believes that financial literacy is fundamental for making sound financial decisions. “Understanding the basics of budgeting, investing, and risk management empowers you to take control of your financial future,” he explains. He encourages clients to seek knowledge about financial principles, regularly engage with financial resources, and ask questions during meetings. By becoming more informed, individuals gain the confidence to make decisions that align with their goals, allowing them to be active participants in their financial journeys.

6. Adapt Financial Strategies to Life Changes

As life evolves, so should one’s financial plan. “Marriage, parenthood, career changes, and retirement all have significant financial implications,” Lazos says. He advises clients to be proactive in adjusting their strategies to reflect major life events. By keeping financial goals aligned with current circumstances, clients can navigate transitions more smoothly and avoid setbacks. Regularly reviewing financial goals and strategies ensures they continue to serve both immediate needs and long-term aspirations.

7. Seek Professional Guidance

Lazos highlights the value of professional advice in achieving financial security. “An experienced advisor brings both perspective and accountability,” he notes. Working with a trusted advisor helps clients stay focused, receive tailored guidance, and make decisions that align with their unique financial situations. Professional advisors can also offer insights into emerging trends and investment opportunities, ensuring that clients’ portfolios are well-positioned for future growth. For Lazos, the relationship between client and advisor is a partnership aimed at securing financial success.

8. Incorporate Charitable Giving into Financial Goals

Beyond personal wealth, Lazos encourages clients to consider philanthropy as part of their financial planning. “Charitable giving provides purpose beyond wealth accumulation,” he says. Whether through direct donations, establishing a family foundation, or contributing to community programs, incorporating charitable giving allows clients to make a positive impact. For Lazos, financial success is about more than individual achievement; it’s also an opportunity to support causes and create lasting change.

Conclusion: Laying the Foundation for Financial Success

Christopher Lazos’ approach to financial planning is rooted in clear goals, strategic investing, and adaptability. His advice encourages individuals to prioritize stability, maintain a disciplined investment strategy, and seek continuous learning. For those who value both financial growth and purpose, Lazos’ guidance serves as a roadmap to achieving financial security while making a meaningful difference.

By following Lazos’ principles—clear planning, risk management, resilience, and community impact—individuals can build a solid financial foundation that not only supports their own lives but also contributes to the well-being of others. With Lazos as a guide, clients are empowered to navigate their financial journeys confidently, making smart decisions that lead to a prosperous future.