High net-worth investors typically have a team of professionals. But that team might be spread across multiple companies and states. And the members might not collaborate as often as they should.
We insource as much as possible to help ensure loose ends are tied, the ball is never dropped and so our clients can hold us directly accountable for their outcomes.
Our Capabilities Include
Wealth Planning
Not just managing investments but crafting the blueprint that cares for every dollar in perpetuity.
- Reducing risk and liability
- Helping prevent catastrophic loss
- Multi-generational strategies
- Efficient wealth transfer strategies
- Executive compensation strategies
- Retirement income sequencing
- Benefits timing and optimization
You can count on meeting with us multiple times throughout the year to help ensure your wealth strategy is working as intended and for us to make appropriate changes.
Advanced Portfolio Design
In our opinion, the word “tailored” is used too often in our industry. But when we say it, we mean it.
Our approach means we design each portfolio from the ground up to include unconventional asset classes, alternative investments and high-conviction recommendations based on intense due diligence.
That means your investment strategy will be tailored to amplify:
- Tax efficiency
- Quality
- Transparency
- Cash Flow Needs
Estate Planning Strategies and Legacy Strategies
Transferring wealth requires next-level attention to detail. Every word in your will and trusts make a difference in who gets what, when — and there are multiple wills, trusts and directives the ultra-high-net-worth should consider.
We work with your CPA and outside legal counsel to help create an ironclad representation for the wishes, values and intentions you have for your wealth.
Important Questions and Answers
The reasons for having an estate plan begin with aligning your wealth with your values. Common reasons for having an estate plan include:
- Speeding up distribution: Settling an estate can be time-consuming, but an ambiguous plan can place an extra burden on loved ones.
- Reducing conflict: While there is always the potential for disharmony in a family, times of crisis can be especially trying. A clear estate plan helps prevent this.
- Tax reduction strategies: Improper structure of your estate plan might mean the government gets more than their fair share of your wealth.
- It’s a contingency plan: If you can’t make decisions on your own, who will be authorized to make them for you?
When you pass away, your assets transfer through either probate or trust. Probate validates your will and distributes your assets. On the other hand, a trust allows you to manage assets during life and simplify transfer after death — often avoiding probate while adding privacy. We help prepare you for these conversations with your estate planning attorney by introducing concepts and organizing your financial documents.
Estate laws and life changes require updates from time to time. An annual check-in with us and your attorney helps you avoid surprises.
- Your assets: Add new holdings, remove liquidated ones and confirm that account titles match your plan.
- Beneficiaries: Update life insurance, retirement accounts, and other designations.
- Documents: Ensure wills, trusts, and other key papers reflect your current goals.
- Life changes: Births, marriages, tax law updates or new charitable priorities may need to be reflected in your estate plan.
Wealth & Investment Management (WIM) offers financial products and services through bank and brokerage affiliates of Wells Fargo & Company. Bank products and services are available through Wells Fargo Bank, N.A. Wells Fargo Trust is a part of WIM and offers services through Wells Fargo Bank, N.A. and Wells Fargo Delaware Trust Company, N.A..
Philanthropy Strategies
We strive to intensify your contributions while strengthening your estate planning strategy in several ways:
Donor Advised
Funds
Charitable Remainder Trusts (CRT*)
Charitable Lead Trusts
(CLT*)
Donations are irrevocable charitable gifts. The sponsoring organizations maintaining the fund have ultimate control over how the assets in the fund accounts are invested and distributed. Donor Advised Funds donors do not receive investment returns. The amount ultimately available to the Donor to make grant recommendations may be more or less than the Donor contributions to the Donor Advised Fund. While annual giving is encouraged, the Donor Advised Fund should be viewed as a long-term philanthropic program. Tax benefits depend upon your individual circumstances. You should consult your Tax Advisor. While the operations of the Donor Advised Fund and Pooled Income Funds are regulated by the Internal Revenue Service, they are not guaranteed or insured by the United States or any of its agencies or instrumentalities. Contributions are not insured by the FDIC and are not deposits or other obligations of, or guaranteed by, any depository institution. Donor Advised Funds are not registered under federal securities laws, pursuant to exemptions for charitable organizations.
*Offered by Wells Fargo Bank. Wells Fargo Bank, N.A. is a bank affiliate of Wells Fargo & Company.
Wells Fargo Bank, N.A. (“the Bank”) offers various banking, advisory, fiduciary and custody products and services, including discretionary portfolio management. Wells Fargo affiliates, including Financial Advisors of Wells Fargo Advisors, may be paid an ongoing or one-time referral fee in relation to clients referred to the Bank. In these instances, the Bank is responsible for the day-to-day management of any referred accounts.
These are just some of ways to enhance your philanthropic missions. We’ll work with your CPA and estate attorney to incorporate a fully formed, powerful strategy.
