A couple in their 50s, each an executive at large companies, came to us looking for a more personalized relationship with an independent CFP® who could offer objective planning guidance as well as sensible, low cost, and tax efficient investing. After several years of experiencing disappointing service working with a large brokerage firm, it became clear to them the firm had been recommending ‘in house’ products that were not in the couple’s best interest and at a high cost to them. It was time for a change.
They felt it was time to “finally get serious about their wealth”. We helped them consolidate their scattered accounts totaling $6.2 million and our advanced planning team designed a detailed financial plan including coordinating the timing of their restricted stock, stock options, and bonuses.
In addition to managing most of their accounts directly using low cost, tax efficient Institutional Funds and ETFs, we were able to use our planning software to ‘link’ to their current employer 401(k) retirement and deferred compensation plans to monitor, allocate, and report alongside the rest of their investments.
The couple is also utilizing our Family Office Experience where we coordinate with their CPA, estate planning attorney, and other independent advisors to maximize their wealth and minimize their taxes, so they are free to enjoy and responsibly steward their wealth for generations to come.