While there are many different tax-efficient strategies to consider – such as tax loss harvesting, charitable giving, exemptions, and deductions – the ideal place to start is determining the changes that could be best for your overall portfolio. With your overall portfolio strategy and long-term objectives in full context, there are several tactics you can use to seek to minimize tax liabilities.
Our team coordinates with your tax advisor to discuss and test various tax mitigation strategies available to you, working to ensure that the solution put in place is the ideal strategy for your situation. We also can draw upon the resources of the Wells Fargo Advisors Tax and Estate Planning Strategies Groups to provide you with an independent perspective on various actions you may be considering.
Ensuring your business attracts and retains qualified individuals through meaningful executive benefit plans is an important component to the ongoing success of an organization. We will work with you to develop special incentives to tie your key employees to the business for the long term.
We provide analysis to enable you to determine approximate costs and identify the best tax-advantaged funding solution, whether a 529 Plan, an Education IRA (also known as Coverdell), a Custodial Account, or another method.
Our retirement planning services are designed to allow you to identify your specific retirement goals and develop a plan to help you achieve them. We assist in managing all aspects of your transition from working to retirement, such as balancing the need for a predictable cash flow and your desire to leave a legacy. You also have the flexibility to adjust your plan as necessary to financially support your desired pre- and post-retirement lifestyle.
We will review your current estate plan to ensure it is up to date and properly structured to protect you, your family, and your wealth. This includes planning for the successful transfer and distribution of your assets so you know your family members will be cared for and your wishes will be followed. Our team will help you integrate your investment and estate plans or evaluate potential strategies from a tax perspective as a component of wealth transfer planning. We work in concert with your other professional advisors and estate attorney to help achieve your common goals.
Insurance can be a crucial element of a comprehensive, long-term investment plan. Because your financial future depends on a variety of uncontrollable circumstances, we provide you with access to a wide range of insurance strategies that can protect your financial security by helping with unforeseen costs and losses. These include disability, life, and long-term care insurance, and we will also review your existing insurance policies.
We will help you define your charitable giving and philanthropic objectives and offer potential strategies to help achieve those goals in a tax-advantaged manner.
We provide corporate executives and small business owners with recommended strategies designed to increase corporate and personal net worth. These services include guidance for managing concentrated positions, employee stock option exercise and sale, succession planning, company 401(k)s, and business transition strategies.