You are here
You have put in the time, working hard, making sacrifices, and investing your resources. All that effort is starting to pay off — you’re on your way to the executive level, the partnership, or the next level of your business. Your professional life has clearly been well planned. Now it’s time to put a comprehensive plan into place for your personal financial life. Here’s how we can help:
Your career has followed a trajectory, likely guided by a realistic view of where you were and where you wanted to go. Your cash management can benefit from the same clear-eyed view. We will help manage your cash needs by tracking inflows and outflows and helping you develop a realistic budget. We will also develop your net worth statement to document your assets and liabilities, providing you with an accurate picture of your net worth.
As your income increases, your tax situation can change significantly. We will work with you to develop tax efficiencies in your investment portfolios and estate plans. We will also help you plan and manage potential issues related to the Alternative Minimum Tax (AMT).
Once we explore and understand your financial goals, we will evaluate your current investments. We will develop a suitable portfolio asset mix that can help meet your needs over time, select the appropriate investment managers and manager structures, and coordinate custody and brokerage services. We will help keep you on track with regular reporting and monitoring, making portfolio adjustments as needed.
If you’re saving for retirement, we can help you determine the amount you will need for retirement and develop a plan to help you achieve it. We will work with you to design a retirement portfolio to help meet your goals and help preserve your wealth in retirement. If you’re nearing retirement, we will work with you to develop a plan for managing your retirement income and assets, along with a sensible spending plan that will honor your priorities and support your lifestyle.
Now that you’ve accumulated some funds, you may be thinking about purchasing your first home, car, or boat. You may be considering a second home or a vacation property. Or perhaps a friend suggested a new investment opportunity. Before risking a substantial sum, you may want to get a second opinion. We can help you evaluate large purchases and investment opportunities to ensure these decisions fit into your long-term plan. We will examine your available cash and financing options, reviewing the risks, and comparing alternatives.
You worked hard to get to this point in your career or business. Now it’s time to help protect your assets and your personal finances. We will help you develop or revise estate plans to help minimize estate taxes. We will work with you and your attorneys to implement wills, trust documents, powers of attorney documents, and health care proxies. With our intimate knowledge of your assets and goals, we can recommend more sophisticated planning strategies and organize your assets to help maximize family wealth.
As you were charting your career or business, you were comfortable taking calculated risks. We believe risk management should be an important part of your personal financial plan. We can work with you and your insurance advisor to periodically review your insurance plans. Our review will help ensure that your coverage levels — for life, property and casualty, disability, and umbrella liability — make sense for your specific situation. For any new coverage you may need, we will assess the appropriate level and structure to meet your needs. We will also periodically review your beneficiary designations to make sure they’re up to date.
Education and opportunity may have played an important role as you advanced in your career or launched your business. You may wish to invest in the future success of your children, or other family members, by supporting their education. We can help you evaluate different education savings vehicles, from Section 529 Plans to UGMA/UTMA accounts; and from Coverdell Education Savings Accounts to prepaid tuition plans. We can then design portfolios to help you reach your elementary school, secondary school, or college savings goals.
Now that you have made your mark in your career or business, you may want to give back and make a difference in your community. We will help you evaluate the various charitable giving vehicles such as donor-advised funds, private foundations, charitable trusts, charitable gift annuities, as well as socially responsible/impact investing opportunities. We will work with you to create charitable mission statements and develop portfolios to support your charitable giving goals.