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 retirement” as they wanted it to happen within the next several years. We helped them consolidate their scattered accounts totaling $4.2 million and designed a detailed financial plan and balance sheet showing them all of their assets and debts in one place for the first time.
In addition to managing most of their accounts directly using low cost, tax efficient Institutional Funds, we were able to use our software to ‘link’ to their current employer 401(k) retirement plans to monitor, allocate, and report alongside the rest of their investments.
They had also lost track of their various restricted stock and stock option grants. We organized the grants in a graphic report and provide ongoing analysis and guidance on when to exercise vested options and sell restricted shares in a tax efficient manner that best fit their long term goals.
The couple now feels organized, informed and established on a track to retire as hoped.