Anyone with money and an internet connection can invest.
But self-directed investments can be…
• Too risky
• Too conservative
• Tax inefficient
• Loaded with high expense ratios
Capital gains taxes and mis-sequencing withdraws can leave a long-term mark on overall performance when the time comes to withdraw from a portfolio.
We call these mishaps “investment strategy snafus” — and it’s our responsibility to correct those already in place, propose solutions that prevent them from happening and to serve as a sounding board for our clients’ concerns and questions.
MULTI-GEN HOUSEHOLDS
Common Investment
Strategy Snafus
An incomplete (or out of date) estate plan strategy
Misunderstanding the tax implications of gifting or transferring wealth
Tension or jealousy surrounding who gets what assets, when
Ways We
Help
Intergenerational estate planning and trust strategies
Generational planning for inherited accounts
Family dynamics and wealth counseling
Sounding Board
Questions
“How do we pay for long term care? Can we even afford it?”
“Should we give our children money now or wait until we’re gone?”
“Is there a strategy that works for everyone in our family?”
“Are we okay?”
BUSINESS OWNERS
Common Investment
Strategy Snafus
Mixing business and personal income/investments
Over-concentration of wealth in the business
Poor cash flow projections
Ways
We Help
Personal diversification and liquidity strategies
Exit and succession planning
Coordinating or executing business valuations
Sounding Board
Questions
“I’m thinking of selling the company. What should I do?”
“How do I find out how much is my business really worth?”
“How much debt can I take on to expand?”
HENRYs
High Earners who are Not Rich Yet (HENRYs) who invest too conservatively relative to their income.
Common Investment
Strategy Snafus
Ignoring the power of Backdoor Roth IRA contributions
Chasing “hot” or “can’t miss” investments
Risking wealth due to inadequate insurance coverage
Ways We
Help
Implementing strategies only available to high earners
Debt repayment strategies
Reassessing risk and liability needs
Sounding Board
Questions
“What should I do with my bonus this year?”
“Should I invest more or put extra towards my mortgage?
“I have a lot of shares vesting soon. What would you do if you were me?”
