INSIGHT INTO who we serve

Hector and Julia are passionate about the arts and want to establish a nonprofit to support local artists in their community. As parents, they also want to share their values of philanthropy and financial stewardship with their children.

We could help them establish a private foundation that would allow them to define and execute their charitable mission as they choose, offering them the control they sought in managing the funds along with the freedom to apply those funds how they wished.

Since private foundations can be funded in a variety of ways, they could include some appreciated stock they owned, benefit from an immediate tax deduction, and avoid capital gains tax on the appreciated stock they contributed. Further, everything they contribute to the foundation could be removed from their taxable estate.

They could name their children as well as local business executives and philanthropists to their board of directors. With this strategy in place, they could look forward to helping artists and having a family heirloom that can be shared and passed down for generations.

Greg is a business owner. Between taking care of customers, working with his staff and dealing with paperwork, he simply doesn’t have time to give his financial goals and investment portfolio the proper attention they require.

However, he knows doing so is imperative to managing and preserving his wealth and establishing financial independence for himself and his family.

We could meet with Greg to learn about his goals, financial situation, investment experience and risk tolerance. We could also discuss the priorities that are important to business owners – important matters such as asset preservation, cash management, employee retention, insurance, financing, and having an exit strategy for retirement.

When it comes time to sell his business, Greg may want to sell it to the loyal employees who have been with him for many years. We might suggest that an employee stock ownership plan, or ESOP, may be the answer. This could allow Greg to get his money from the business, while helping to ensure that a smooth succession plan is in place.

As the patriarch and matriarch of a large multigenerational family, Ben and Diane have accumulated a wide range of significant assets, including residential and vacation real estate, 401(k)s, IRAs, insurance policies and an investment portfolio. While still years away from retirement, they are mindful about how best to manage their assets to support the goals they have for themselves and their family. 

We could work with them to develop a comprehensive wealth plan designed to accomplish their objectives. We could utilize our knowledge of tax-advantaged investments and the tax impact of specific transactions to help them preserve more of their assets.

Ben and Diane also want to protect their investments from the risk of a catastrophic health event or lengthy stay in a nursing home. Together, we could look at long-term care policies, comparing against self-funding the cost of care.

They are also committed to leaving a legacy for their children, grandchildren and favorite charities. We could work with their legal advisor to help them with their estate planning.

Bill is a physician who has been practicing medicine for several decades. He has seen many changes in the medical profession over the years and today finds himself working a lot harder and dealing with many more administrative hurdles for the money and benefits he earns. It has caused him to consider retirement, but he has many questions and concerns.

He hopes to retire in a few years. He has saved and invested diligently and accumulated significant assets in his practice’s profit sharing plan, personal brokerage account and general savings. He wants to make certain that the wealth he has worked so hard to attain will not be subject to undue amounts of risk.

With the assistance of our Goal Planning & Monitoring software, we could develop a picture of what his retirement could look like by considering essential factors such as his assets, cash flow, and both known and potential future expenses. It could give Bill a realistic assessment of what his retirement income could be each month with the goal of sustaining his family and living the life he and his wife envisioned in the years after he stops practicing.

We could recommend a strategy designed to ensure that his income needs would be covered by investment income.

Bill also expressed a desire to leave a legacy for his family and foundation, so we could collaborate with his estate attorney and insurance professionals to help develop a plan designed to  mitigate the impact of estate and transfer taxes.

To help Bill and his family organize and track all of their financial matters, we could aggregate his accounts into one convenient access point online, create a secure area for storage of important documents, and automatically maintain constant upkeep of records and financial data.

The projections or other information generated by Goal Planning & Monitoring regarding the likelihood of various investment outcomes are hypothetical in nature, do not reflect actual investment results and are not guarantees of future results. Goal Planning & Monitoring results may vary with each use and over time.

Frank and Joan –  a hardworking couple in their early 60s and on the verge of retirement – sought an answer. They had each saved and invested diligently over the years in their company 401(k) plans and amassed a large retirement nest egg.

Now that retirement was drawing ever nearer, they realized they needed experienced financial guidance for many important questions they were pondering. Do we have enough? How can we make it last, while still supporting our lifestyle? When should we file for Social Security? How do we pick the best Medicare plan? Should we utilize trusts for estate planning? Can we help our grandchildren with college?

We could help address all of their questions and concerns, using Goal Planning & Monitoring software from Raymond James to help align their decisions with their vision of retirement. We could show them how they can draw down their investments to cover their expenses and fund their lifestyle. We could refer them to an attorney to align their estate plan with their intentions and refer them to a resource partner of ours to help them navigate the Medicare enrollment process.

We could financially model their capacity to help those individuals and organizations they would like to help and show them what their capacity is to give without imperiling their own financial well-being.

Our process could help them do this with more clarity, and hence more confidence.

The projections or other information generated by Goal Planning & Monitoring regarding the likelihood of various investment outcomes are hypothetical in nature, do not reflect actual investment results and are not guarantees of future results. Goal Planning & Monitoring results may vary with each use and over time.

A local nonprofit wants an experienced financial team to look at how their funds are invested and offer recommendations to help meet their objectives for conservative investing and asset preservation. In addition, they have several new board members that seek advice on their specific fiduciary responsibilities.

We could provide financial and fiduciary guidance to their directors, board members and investment committee. That includes development and management of an investment program, design and evaluation of an Investment Policy Statement, review and reporting, retirement and benefit plans, cash flow management and private wealth management for the nonprofit’s top executives.