We feel that our experience and trusted network of outside resources can help bring an immeasurable amount of confidence, no matter your concerns or challenges.
High net-worth investors face uncommon investing questions — the answers for which typically require in-depth thinking approached with an “outside the box” mentality.
Below are some of the common concerns our clients face, along with a general idea of how we help address them.
Business Owners/
Entrepreneurs:
Q: |
How can I borrow strategically to grow my business while protecting my personal assets? |
A: |
We can explore creative lending options such as using your investment portfolio as collateral. |
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Q: |
What’s the best way to optimize my business's financial health and my personal wealth simultaneously? |
A: |
Our cashflow analysis can identify how to reinvest profits strategically while helping ensure funds flow smoothly between business and personal accounts to support your lifestyle. |
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Q: |
What can I do now to plan a smooth and profitable business transition when I'm ready to step away? |
A: |
Proper business valuation, structuring the sale intelligently and integrating the proceeds into your personal wealth strategy will be cornerstones of this process. |
Retirees
Q: |
How can I optimize my income streams to maintain my lifestyle once I stop working? |
A: |
We'll create an income sequencing strategy to time withdrawals from various accounts (e.g., taxable, tax-deferred, and tax-free) to promote stability and long-term potential. |
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Q: |
I want to maximize my Social Security and Medicare benefits. But how? |
A: |
We’ll bring in our trusted Social Security analysts to help advise on when to claim, as well as the ideal combination of coverage to minimize your out-of-pocket expenses. |
Wealthy Families
Q: |
We are charitable and want to give generously. How can we do that while minimizing taxes? |
A: |
Charitable remainder trusts, donor-advised funds and other vehicles allow you to make a significant impact while also giving you some control over the donated assets (not to mention a way to reduce your tax liability). |
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Q: |
We want to support our heirs, but not spoil them. How can we do this while reflecting our values? |
A: |
Multi-generational thinking is a must in this situation. We can guide the creation of a comprehensive estate plan with help from outside professionals to transfer your wealth tax-efficiently. We can also include family governance structures or hold family dynamics counseling to promote your family’s shared vision of wealth. |
(NFL) Athletes
Q: |
Who can I trust to do what’s in my wealth’s best interest? |
A: |
A member of our team holds the Sports Entertainment - Accredited Wealth Manager Associate (SE-AWMA) designation, which means we have gained specialized knowledge to specifically help high-net-worth clients in sports and entertainment preserve, grow and transfer their wealth. |
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Q: |
What is NIL and why does this matter to me? |
A: |
"NIL" stands for "Name, Image, Likeness." It refers to a person's legal right to control how their image is used, including commercially. Every athlete is allowed to hire professionals to help with marketing, legal issues, tax laws, investments and other business dealings. Many schools also offer training and resources directly to athletes, often in the form of early-season classes on NIL law and basic business practices. With a prudent strategy, some athletes can use NIL income as a foundation for generational wealth. |
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Q: |
I don’t know how long my career will last. How should I be planning? |
A: |
Generally, aggressive savings during your playing career with diversified investments to generate passive income including real estate, structured annuities or other alternative options. |
Widows and Divorcees
Q: |
Everything’s changing and I’m overwhelmed. How do we split everything fairly without causing a financial mess? |
A: |
Separating assets strategically — but fairly — is of supreme importance. We might recommend a Qualified Domestic Relations Order (QDRO) as an option to separate retirement accounts or structure your alimony to optimize tax outcomes. |
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Q: |
Where do I start now that my whole financial picture is different? |
A: |
After separating assets, we'll thoroughly review and make recommendations based on your risk tolerance, income needs and long-term objectives. |
