WEALTH SERVICES

Families come to us for a variety of reasons. They want to understand their financial situation and options, but they don’t want to become the expert. They want creative solutions for their unique situations that other advisors did not think of. They want someone to raise the questions they should consider when they don’t even know the questions to ask.

Most importantly, they want a sounding board for the critical financial decisions they make for themselves and their families. What are the estate and tax implications of a Roth IRA conversion? What are some gifting strategies I should consider prior to a liquidity event? Which borrowing vehicle makes the most sense for my new venture? Can I take a reduction in income to do what I really want?

They want an advisor that has an all encompassing view of their financial world. Through our comprehensive array of resources, we offer our clients that view.

Tax and Estate Planning

Developing a sound plan to mitigate taxes and transfer your wealth to your heirs requires careful planning and collaboration between your estate planning attorney and accountant, as well as your financial planning team. Yet, communicating their advice and coordinating their efforts into a single vision – your vision – can be daunting.

• We lead the collaborative efforts of all of your trusted advisors
• Integrate tax considerations into our investment decisions
• Analyze AMT exposure and optimize AMT where possible
• Consider the effects of changing legislation on income and estate planning
• Create strategies for optimizing liquidity events such as cashing out a business or stock options

We coordinate the strategies and recommendations of your financial advisors and keep your team focused on the issues necessary to advance your financial goals.

Wealth Administration

Our clients prefer earning and enjoying their wealth instead of managing it.  By offering professional wealth management resources, we alleviate the burdensome details of:

• Personal accounting
• Personal staffing requirements including payroll and background checks
• Medical reimbursement reconciliation
• Bill paying
• Foundation management services

Our personalized solutions resolve any financial matter regardless of how large or small.

Philanthropic Planning

This century will have significant philanthropic impact as unprecedented wealth is passed from this generation to the next. We work with families who are just starting to think about developing a charitable giving plan or those with established plans looking for ways to engage future generations in their charitable vision.

Whether developing a Family Giving Mission statement, determining what type of governing entity whether Foundation or Donor Advised Fund is the best fit,  identifying charities and organizations that  meet your giving mission criteria, or managing your Foundation or Donor Advised Fund, we make it easy for your family to make a difference.

Along with your tax and estate advisors, we will suggest the most tax effective assets to gift and will advise you on the overall strategies of your family’s foundation or endowment.

Insurance

We want to be clear that while we maintain insurance licenses, we do not sell these policies. We act as an unbiased consultant to evaluate whether the life, health, disability or long-term care policies owned by our clients are appropriate and cost-effective and identify gaps in insurance coverage that could leave their families assets at risk.

Education

We believe that the education of family members is critical to both the success of the family wealth planning process and our relationship with our clients. To help you and your family members gain a greater understanding of the many aspects of investing and wealth, we provide access to a wide range of topics and experts to help you handle life’s many situations  from the expected – such as tools to teach your children good stewardship to the unexpected – such as where to turn when you have a parent who has Alzheimer’s. We equip you with the knowledge and tools to help you and your family live better lives.

Multigenerational Planning and Family Governance

While these terms may seem very lofty, they simply mean extending your wealth and your values beyond your generation. Unfortunately, history shows that most inherited wealth does not last beyond the third generation. It takes careful planning and a hands-on approach to create the level of inter-connectedness necessary for family wealth to survive and thrive from one generation to the next.

Our multigenerational planning process is modeled after successful families who have kept their families and fortunes together for generations.  By combining a broad range of resources, we help you to prepare your family for the advantages and responsibilities of their inheritance.