Managing wealth For generations
We work with many families, some with four generations, to help mitigate taxes and help preserve and manage wealth. We simplify complex needs that can include managing significant wealth events, such as selling a family business or handling a large inheritance, and recommend strategies that range from charitable giving to concentrated equity positions.
To prepare younger generations for the responsibilities of wealth, we provide comprehensive financial literacy programs. From investing principles to money management, these lessons are designed to create a solid foundation and are tailored to the age and knowledge of your family members. The goal is to create thoughtful stewards of the family’s wealth and legacy.
Our services include:
-
- Financial and investment education with members of the family office
- Facilitate regular meetings with your other professionals, e.g., lawyer, accountant and CFO, as needed
- Review progress of deliverables both pre- and post-meeting and track action items progress to completion
-
- Educate individual family members on financial literacy, as needed
- Facilitate conversation between current and next generation around money, wealth planning and wealth transfer
- Longevity planning
-
- Teach the principles of budgeting and responsible spending
- Share the wisdom of setting aside a portion of earnings for the future
- Teach the law of compound interest and how it can build wealth
- Stress the importance of being disciplined with having and managing credit
-
- Develop financial planning strategies
- Provide relevant and impactful tax planning guidance and strategies
- Assess cash flow requirements
- Evaluate and recommend investment opportunities as requested
-
- Review and prioritize goals and objectives of current financial situation, including a net worth statement, cash flow summary and budget/income tax analysis
- Develop a financial management strategy, including financial projections and tax analysis
- Develop an asset management strategy
- Manage and review the implementation and progress of your financial plan
- Lifestyle assessment and planning including discussing and evaluating major buy/sell decisions
-
- Identify and implement tax planning strategies to optimize intergenerational wealth
- Analyze tax distribution strategies and facilitate discussions with your other professionals, as needed
- Pre-transaction and Liquidity event planning
- Discuss and coordinate any tax matters with CPA or appropriate tax professionals
Raymond James does not provide tax advice. Please discuss these matters with your tax professional.
-
- Assess estate net worth and liquidity needs
- Develop an estate plan to ensure objectives are met
- Review, identify and implement gifting strategies
- Discuss multigenerational planning strategies and collaborate with other professionals to maximize intergenerational wealth transfer
- Review and coordinate philanthropic giving with pre-transaction planning
- Recommend charitable giving strategies, as needed and/or recommended by financial plan
-
- Assess estate net worth and liquidity, and develop an estate plan to ensure objectives are met
- Review, identify and implement gifting strategies
- Discuss multigenerational estate planning strategies and collaborate with other professionals to achieve estate plan goals
- Review philanthropic giving and recommend charitable giving strategies, as needed and/or recommended by financial plan
