Below are case studies where our team has provided wealth management advice, guidance and solutions to help our clients achieve their goals.
Situation #1: Legacy Investment Planning
Challenge: Loss of a spouse and needing advice on a significant legacy investment plan.
Simes Group Proposal & Targeted Outcome:
Work closely with other professional advisors (accountant and attorney).
Consolidate assets to simplify financial affairs, step up cost basis, and properly register each asset in the appropriate accounts to minimize the tax impact.
Restructure portfolio from a growth bias to a more conservative mix, appropriate for their risk tolerance, age and income needs.
Situation #2: Concentrated Position
Challenge: Assets concentrated in a small number of stocks
Simes Group Proposal & Targeted Outcome:
Work to diversify holdings across a selection of active equity managers to minimize risk and manage tax impact upon disposition.
Reconfigure portfolio to provide a stable monthly income check while also generating growth.
Create a philanthropic plan using donor-advised funds, crafting a five-year gifting and major funds need calendar for planning purposes, and build a fixed-income maturity ladder to meet future objectives.
Generate a monthly income from portfolio earnings which could provide financial independence.
Situation #3: High earners planning for retirement
Challenge: Clients with high annual income and a desire to save for retirement with limited but growing resources.
Simes Group Proposal & Targeted Outcome:
Create a customized plan for retirement savings, establish 529 plans for children’s college education, discuss a timeframe for purchasing and financing a vacation home, and consult on saving for a larger primary home for their growing family.
Situation #4: Create Income for Elderly Sibling
Challenge: Help generate income within a trust for an elderly sibling living within a life-care facility.
Simes Group Proposal & Targeted Outcome:
Properly register assets for estate investment planning/asset preservation purposes and restructure the portfolio to be appropriate for an investor who has a low risk tolerance, requires monthly distributions as well as regular contact with the trustee.
Wells Fargo Advisors does not provide legal or tax advice. Trust Services are available through Wells Fargo Bank, N.A. and Wells Fargo Delaware Trust Company, N.A. Lending and other banking services available through Wells Fargo Advisors (NMLS ID 2234) are offered by banking and non-banking subsidiaries of Wells Fargo & Company, including, but not limited to Wells Fargo Bank, N.A. (NMLSR ID 399801) and Wells Fargo Home Mortgage, a division of Wells Fargo Bank, N.A. Certain restrictions apply. Programs, rates, terms, and conditions are subject to change without advance notice. Products are not available in all states. Wells Fargo Advisors is licensed by the Department of Business Oversight under the California Residential Mortgage Lending Act and the Arizona Department of Financial Institutions (NMLS ID 0906158). Wells Fargo Clearing Services, LLC, holds a residential mortgage broker license in Georgia and is licensed as a residential mortgage broker (license number MB2234) in Massachusetts.
Trusted advice to put your plan in place and keep you on track.
Below are case studies where our team has provided wealth management advice, guidance and solutions to help our clients achieve their goals.
Situation #1: Legacy Investment Planning
Challenge: Loss of a spouse and needing advice on a significant legacy investment plan.
Simes Group Proposal & Targeted Outcome:
Work closely with other professional advisors (accountant and attorney).
Consolidate assets to simplify financial affairs, step up cost basis, and properly register each asset in the appropriate accounts to minimize the tax impact.
Restructure portfolio from a growth bias to a more conservative mix, appropriate for their risk tolerance, age and income needs.
Situation #2: Concentrated Position
Challenge: Assets concentrated in a small number of stocks
Simes Group Proposal & Targeted Outcome:
Work to diversify holdings across a selection of active equity managers to minimize risk and manage tax impact upon disposition.
Reconfigure portfolio to provide a stable monthly income check while also generating growth.
Create a philanthropic plan using donor-advised funds, crafting a five-year gifting and major funds need calendar for planning purposes, and build a fixed-income maturity ladder to meet future objectives.
Generate a monthly income from portfolio earnings which could provide financial independence.
Situation #3: High earners planning for retirement
Challenge: Clients with high annual income and a desire to save for retirement with limited but growing resources.
Simes Group Proposal & Targeted Outcome:
Create a customized plan for retirement savings, establish 529 plans for children’s college education, discuss a timeframe for purchasing and financing a vacation home, and consult on saving for a larger primary home for their growing family.
Situation #4: Create Income for Elderly Sibling
Challenge: Help generate income within a trust for an elderly sibling living within a life-care facility.
Simes Group Proposal & Targeted Outcome:
Properly register assets for estate investment planning/asset preservation purposes and restructure the portfolio to be appropriate for an investor who has a low risk tolerance, requires monthly distributions as well as regular contact with the trustee.
Wells Fargo Advisors does not provide legal or tax advice. Trust Services are available through Wells Fargo Bank, N.A. and Wells Fargo Delaware Trust Company, N.A. Lending and other banking services available through Wells Fargo Advisors (NMLS ID 2234) are offered by banking and non-banking subsidiaries of Wells Fargo & Company, including, but not limited to Wells Fargo Bank, N.A. (NMLSR ID 399801) and Wells Fargo Home Mortgage, a division of Wells Fargo Bank, N.A. Certain restrictions apply. Programs, rates, terms, and conditions are subject to change without advance notice. Products are not available in all states. Wells Fargo Advisors is licensed by the Department of Business Oversight under the California Residential Mortgage Lending Act and the Arizona Department of Financial Institutions (NMLS ID 0906158). Wells Fargo Clearing Services, LLC, holds a residential mortgage broker license in Georgia and is licensed as a residential mortgage broker (license number MB2234) in Massachusetts.
Trusted advice to put your plan in place and keep you on track.