…when one person justifiably places confidence and trust in someone else and seeks that person’s help or advice…because the client trusts the (fiduciary) to act in the best interest of the client at all times.
– Merriam-Webster online dictionary
There is no one age or occupation that can best describe our clients. Some are business owners, professionals, and physicians, while others make their living in the entertainment industry. Still others are retirees, widows or families who have received inheritances. One commonality though is that they maintain Midwestern values, meaning they are careful when it comes to investing, and tend not to be extravagant.
The fact that we uphold a fiduciary standard when it comes to managing assets means we put the interests of our clients before our own. As a whole, our clients are concerned with making sure that they have enough money – and monthly income – to support their lifestyle in retirement. Market volatility is another concern, so they want an experienced wealth management team to help them feel more confident about their future, while taking only the necessary risk for pursuing their goals.
Our clients also want a team that is responsive and attentive to their needs, answers their questions in a timely fashion, and communicates with them in their preferred timeframe – which we are always sure to do.
While some of our clients like talking about investments, often times they are most excited to talk about their families, particularly their children and grandchildren. They also like to talk to Ben about the theater, as he is a former Broadway performer. We enjoy sharing our knowledge and experiences and talking to our clients about all aspects of their life, both planned and unplanned.
We help multigenerational families address the many financial matters they face, balancing their needs for today with their goals for tomorrow. There are college educations to be planned for and insurance matters to address for protecting your family. Whatever the need, we’ll be here for you as your family’s needs evolve.
We often find that family wealth is concentrated in a single stock, received through inheritance or a successful business career, and we have strategies to address this potential vulnerability. Another risk to wealth is the erosion of investment gains due to taxes, and our knowledge of tax-advantaged investments and the impact of individual transactions can help you keep more of what you earn.
In addition, most families we serve are highly interested in building a legacy. We can help you create a charitable giving plan that not only helps the organizations you’re passionate about, but also has the potential to generate personal tax benefits and further your overall wealth management plan.
We have experience addressing all of these important issues and can help your family manage and preserve its wealth today – and for tomorrow. Our mission is to serve as your family’s financial advisors for life.
We understand the challenges and concerns of business owners. They spend long workdays focused on building their enterprises, leaving little time or energy for addressing financial planning. Fortunately, they recognize the value in having a trusted financial advisor who acts in their best interest and serves as their financial partner.
Working with you as a partner in your success, we’ll take the time to understand your goals and help you address a wide variety of needs, including asset preservation, cash management, employee retention, insurance, financing, succession planning and, of course, your own retirement.
As with most business owners, your personal wealth is intertwined with your company, and you need to have a solid plan for the eventual transfer of equity from the enterprise when you begin to consider divesting your business or retiring. We can help you have a sound business succession plan in place.
In addition to our own experience and financial knowledge, we have access to all the resources of Raymond James, one of the country’s leading financial services firms. Best of all, you’ll enjoy the confidence of knowing you have a single, trusted source for financial advice – and more time to devote to growing your business.
We understand the long hours you put into establishing and running a successful practice. You spend your days with clients and patients addressing their needs – you don’t want to cut into that time to worry about managing your money, yet it is imperative to make smart financial decisions.
Your unique requirements may include protecting assets from liability risk, tax planning, managing cash flow, managing education debt, restructuring debt, valuating a practice for purchase or sale and, ultimately, achieving financial independence.
You can rely on us to serve as your financial steward and provide high-level expertise and advice for your personal financial matters and the needs of your practice. We can serve as your trusted partner to help manage your investments, mitigate your tax burden and offer protection from disability, while also addressing key issues such as estate planning, generational wealth transfer and your philanthropic efforts.
Sources of sudden money include inheritances, retirement packages, stock options, lottery winnings, divorces, business sales and lawsuit judgments. It is certainly exciting to experience a sudden money event, but with it can come significant financial, tax and emotional issues that, if not properly dealt with, can cause this sudden wealth to disappear as quickly as it came. We can help you manage your assets and prioritize your spending to help ensure that your newly gained wealth can serve you well over the long term.
Entertainers often have financial situations that are atypical. While most people earn their salary regularly over a career that spans 30 or 40 years, entertainers can have highly variable incomes. Their annual earnings can be subject to outside influences such as changing cultural tastes, TV ratings and movie box office results.
Receiving a sudden influx of wealth can be a particular challenge. Special care must be given to help ensure that your earnings are well invested during lucrative times so that assets will be available when needed.
In addition to financial planning, we can help with other essential matters such as budgeting and cash flow management, tax planning, and risk analysis and management. We can also help evaluate business opportunities presented to you and manage income from endorsements or promotional appearances.