Patrick Wrinkle

Working in law enforcement has been Wrinkle’s dream ever since college. One late night, he was driving back to campus after visiting his girlfriend at another school when he came across a car crash. Upon further inspection, Wrinkle saw that the car was on its side, off the road, in the woods; and a female driver was stuck inside. “I wasn’t able to get her out, but I called 911 and stayed to comfort her until someone arrived. I knew little about first aid then, but I did know to keep the injured person calm and wrap a blanket around them if they go into shock. So, I reassured her and wrapped my sleeping bag around her,” Wrinkle says. “After a little while, she stopped crying and shaking, and the emergency personnel arrived. I received so much joy from helping her I decided that’s what I wanted to do with my life.”

Patrick Wrinkle has been a law enforcement officer with the patrol division for Bowie County Sheriff’s Office for the last two years. During that time, he has enjoyed helping people and knowing that he is making the community safer for citizens. He is also very proud to have been promoted to Lieutenant. “Everyone who applied for the position has countless hours of training and experience. I know it was a hard decision, and I am flattered I was chosen,” Wrinkle says. “I am proud to be trusted with the position’s responsibilities.”

On a regular shift, Wrinkle may respond to calls that require him to enforce the law, protect citizens, answer 911 calls, and support people in their time of need. “Everything in this job is equally important, even though every situation and every call is different,” Wrinkle says. “Every interaction I have can be a learning moment, whether responding to a call or getting advice from my coworkers and family members who served as police officers in the past. Everyone in the Sheriff’s Office brings something to the table that betters the department somehow, and learning from these experiences has made me a better deputy.”

One of the biggest lessons that Wrinkle has learned on the job is that every action has consequences. “Every decision can lead to both good and bad,” Wrinkle says. “Sometimes the best thing you can do is roll with the punches and learn from your mistakes to improve your future.”

Though this career is rewarding, many things make law enforcement difficult, especially when Wrinkle and other law enforcement officers interact with someone who wants to hurt citizens and officers. However, Wrinkle says that his biggest challenge is the sadness and helplessness of notifying family members when a loved one has passed. “Whether it comes from responding to a car crash or answering a phone call from a family member, it’s always hard to be the one who has to break the news. I have done hundreds of these types of calls, and they never get easier. It is hard to see the family going through so much pain and know that there is nothing I can do to ease it,” Wrinkle says. “I just try to reassure and comfort the families the best I can. I try to put myself in their shoes and think of what would help me, and then I do that for the family.”

When Wrinkle has a hard day at work, he knows he can lean on his family and friends. However, it can be challenging when work calls him away from big events. “Officers have to miss holidays, birthdays, and celebrations because every 911 needs to be answered, no matter what time or day it is. Not only is missing those events hard on officers, but it’s also very hard on their families,” Wrinkle says. “However, what motivates me on the tough days at work are my loved ones. Seeing how proud I make them makes me even more proud of my work.”

Because he is honored to wear the badge, Wrinkle tries daily to make a positive impact in the community and the lives of Texarkana citizens, a mission that he says is driven by respect. “I show each person I deal with the same respect I want to be given. By doing this, I have even had suspects shake my hand and thank me after arresting them and bringing them to jail. I also interact with children to show them that the police are their friends. I carry stuffed animals and plastic badges in the back of my patrol car to give to kids when they are scared or in need of comfort, and when I finish a traffic stop, I like to ask parents if I can give kids in the car a plastic badge,” Wrinkle says. “The way I see it, any positive experience with the community will build a good relationship for the future.”

STRINGER WEALTH MANAGEMENT

RAYMOND JAMES FINANCIAL

STRINGERWEALTHMANAGEMENT.NET

Identify The Connection Between Net Worth And Risk Tolerance

FAMILY & LIFESTYLE

Understanding your risk profile is an important component of managing significant wealth.

Nobody wants to financially erode the portfolio they’ve built by making risky choices at the wrong time. You spend nearly half of a lifetime working hard to prepare for a secure retirement, so no wonder it isn’t easy to convince yourself to embrace risk. As vital as wealth preservation is, especially when nearing retirement, returns are still an important consideration.

So how do you get over the risk hurdle? Research shows your financial advisor can help. Those who work with an advisor perceive potential higher-risk investments with less negativity. They’re also more apt to recognize the importance of holding thoughtfully selected risk within an investment portfolio compared with wealthy investors who don’t partner with an advisor.

But how risky is too risky when it comes to wealth preservation and generating returns for high-net-worth investors? You might be surprised.

Sometimes looking at the numbers is an exercise in perspective. Investors with significant wealth have a greater ability to absorb financial losses than others – but emotion can sometimes get in the way of seeing the broader context. An amount that may initially cause “sticker shock” may actually be a fraction of your liquidity when considering the bigger picture. Your advisor may be able to run simulations that show how your unique portfolio would react to market pullbacks or changes in interest rates. Seeing these potential outcomes can help clarify the level of risk that fits your tolerance and your investment goals – and it may turn out to be higher than you thought.

Age is less important when determining risk for investors with significant wealth. Your investment time horizon – the length of time you expect to hold an asset – is an important component of risk tolerance. Older investors typically have a shorter time horizon given their proximity to retirement and the usual need to make portfolio withdrawals at that time. However, age may have less impact on the overall risk tolerance of affluent investors whose income needs in retirement are already accounted for. If it’s unlikely you’ll need to liquidate assets in the near term to meet your spending needs, it may be appropriate to maintain a lessconservative allocation for longer.

Being too conservative can be a risk unto itself. Avoiding undue risk is always wise. However, you want to be sure to balance risk with potential return when it comes to your overall plan to outpace inflation and meet your financial goals in retirement, whether that’s supporting your grandkids’ education, giving to charitable causes or taking that once-in-a-lifetime trip. With the more complex planning needs that come with being an affluent investor, it’s important to discuss with your financial advisor an asset allocation that can help maintain your lifestyle over the long term.

Focus less on market timing and more on the timing of your life. Creating a diversified portfolio and revisiting it as your life and goals evolve is more important than any one investment decision. Your financial advisor can help you determine which opportunities provide the best potential for reward for the risk taken that aligns with your unique circumstances, life plans and goals, and provide you with the peace of mind not to “jump” into and out of the market at the wrong time.

More risk assets, more thoughtful rebalancing. Because private wealth individuals typically hold meaningful wealth in risk assets like equities, which can change significantly in value over time, it’s important to establish a plan with your advisor for periodically returning your portfolio to its target asset allocation. It’s also important for your advisor to see the whole financial picture; holding assets in multiple accounts without informing your advisor of your full portfolio may increase the risk of becoming overly concentrated or underexposed to certain markets. Your selected strategy will have important tax consequences, so talk through various approaches to determine the best fit.

Create a steady withdrawal strategy for retirement. Capital preservation is important to prevent income loss. You’ll still need to ensure your liquidity needs are met with a holistic income strategy. Consider the income sources you’ll have in place, which may include Social Security, pensions, annuities, dividends, bond coupons, etc., and work with your advisor to address any potential mismatch between what’ll be generated and what you’ll need to maintain your desired lifestyle as well as access capital if there is ever a need.

Confront concerns head on. One way to bring comfort to the idea of taking on risk is to simply talk about it openly. Have conversations with your financial advisor to help you understand your risk tolerance today and how risk can affect your future. When ideas and numbers become more tangible, they become more manageable. Your financial advisor can speak directly to the matters that will impact your portfolio the most but change your lifestyle the least.

Maintaining a large portfolio into and through retirement doesn’t have to mean giving up on returns and opportunities for growth, when that risk is managed thoughtfully. It just may take a true understanding of your overall financial outlook, and transparent conversations with your financial advisor, to help you get there.

301 BEAVER LAKE CIRCLE TEXARKANA, TX 75501

Mini-Mansion with main house & guest house with enclosed RV parking. Loaded with amenities galore. This 4 bedroom, 3 1/2 bath with formal dining, 2 living areas plus a game room has vaulted beam ceilings, open and breathtaking. Approx. 4542 sf heated. Shop over 3500 sq ft htd for 45' RV parking garage, workshop, office and 2 baths with guest house upstairs. Heated pool & hot tub on 2.1 acres the lake!