Why a focus on Private Wealth Management?
It is ironic that families and individuals are often faced with much greater investment complexity than their institutional counterparts. Most investors with substantial estates have multiple capital pools, often including IRAs, other retirement plans, various personal accounts, trusts, and business interests. In these situations, non-investment issues such as taxes, estate planning and future investment management are of significant importance. Private wealth management combines a number of key components which, when successfully implemented, result in long-term financial success and security for wealthy individuals and families. These components include: • The creation of a long-term client specific strategy incorporating the building, preserving and eventual transfer of assets. • The effective execution of this strategy through the appropriate legal vehicles (asset location), development of a customized asset allocation plan and implementation via proper tax-appropriate investments.
