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Client Profiles
Profiles of Clients Like You
The Raymond James financial advisors at Hyre & Associates serve many different clients, each with specific long-term goals and issues. The following are some brief examples of clients we work with:
A retired couple. This client is living largely from their investment capital. They need a portfolio that grows enough to help protect them from the risk of inflation, but with down-side risk strictly controlled. Estate planning issues and insurance analysis often influence the structure of their accounts.
A couple planning for retirement. This client has a few years before retirement. Their portfolio is more growth oriented. Since they will not need access to their capital now, more portfolio volatility is tolerable. We also help them choose from among the investment options of their employer retirement plan. As they approach retirement, key issues start to change. At this time, they need to take another look at their retirement plans, estate plan coordination and insurance requirements.
A recent widow or widower. These clients look to us for support in several ways. This client is going through an emotionally challenging time. We may invest in a very low-risk "comfortable" portfolio until this client has had time to think all of the options through. As she/he become more emotionally ready, we gradually change the structure of the portfolio to meet long-term objectives.
A small business owner. We are assisting this client in the management of his or her personal assets, company's assets and the assets of the company pension fund. This client is also concerned about the company's 401(K) design and whether the proper buy/sell agreements are in place. Each portfolio requires individualized design and risk/reward tradeoffs analysis.
The suddenly wealthy. This client is extremely busy and may be relatively young. Things are happening fast in their life and they need a "personal CFO" to help manage their new-found wealth and determine how hard they must make their portfolio work. Depending upon their lifestyle and financial goals, this client usually desires comprehensive financial counsel in order to be able to pursue other interests.
Trustee of a family trust. Recent changes in federal fiduciary statutes require trustees to conduct investment affairs with substantial expertise. A client comes to us because he or she is the trustee for a recently deceased relative or friend, administering significant assets on behalf of multiple beneficiaries. We create an investment policy to help protect the trustee from investment liability and manage the trust funds based on an assessment of the needs of all beneficiaries.
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