About Trusted Wealth Planning

When it comes to wealth management, a holistic approach to understanding the lifestyle and goals of an affluent client is essential. This goes well beyond investment management and can include services like family governance, estate planning, insurance, private foundations, philanthropy and more.

Trusted Wealth Planning trust with your advisor is critical, which can be achieved through transparency and a clear understanding of how an advisor works in your best interests. In fact, a recent Vanguard study found that clients were twice as likely to recommend their advisor if they had a high degree of trust. The researchers concluded that the most important factors in fostering trust were the quality of an advisor’s work and the ability to communicate clearly with clients.

Building a Diversified Portfolio: Reduce Risk, Maximize Potential

A good wealth manager takes the time to get to know their clients in a personal way, which includes gathering both “hard facts” about income and expenses and “soft facts” such as your values, goals, family dynamics and priorities. They’ll also help you examine the potential impacts of big financial decisions, such as buying a home or funding your children’s college education.

A wealth planner can provide comprehensive, coordinated advice across financial planning, tax and wealth transfer, investments, retirement and estate planning. For example, they may help you leverage revocable and irrevocable trusts to minimize federal gift and estate taxes and address complex family dynamics. They can also advise you on ways to use dynasty trusts, which can help minimize taxes, preserve confidentiality and ensure that your legacy is carried out exactly the way you intend.