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.
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.
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.
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.