We help affluent families address the many important financial matters they encounter, coordinating the needs of today with the goals of tomorrow. From college educations that need to be funded to insurance plans to protect the family, we’ll serve as your trusted financial partners as your family grows and evolves.
Often, we find that family wealth is concentrated in a single stock received through inheritance or a successful career, which can present a risk. We have strategies designed to hedge, monetize, diversify or transfer assets, while mitigating tax implications. Another risk to wealth is the erosion of investment gains due to taxes. Our knowledge of tax-advantaged investments and the tax impact of specific transactions can help you keep more of what you’ve earned.
The heads of families are also highly interested in leaving a legacy for their children, grandchildren and community organizations they support. We have strategies designed to not only provide for those you care about, but also potentially generate personal tax benefits and further their overall wealth management plans.
Our mission is to serve as your family’s financial advisors for life, handling all matters related to managing and preserving your wealth, and building your legacy – so you are free to focus on enjoying your life and the people important to it.
Investing involves risk and you may incur a profit or loss regardless of strategy selected.
Raymond James financial advisors do not render advice on tax or legal matters. You should discuss any tax or legal matters with the appropriate professional.
A Multigenerational Family, A Family Patriarch. Carl, patriarch of his family and owner of a food distribution business for over 30 years, has several concerns now that it’s time to sell his company: What is the business worth? Who would be the right type of buyer? Should he accept a lump sum or stretch the purchase in installment payments? What would happen to the deal in the event of a default on the buyer's part?
We did extensive analysis on the business and industry, calculated the benefits of the various sale options, and partnered with his CPA and attorney to design a sale that would provide liquidity to Carl and his family.
He was able to fund college education funds for his five grandchildren and, with the help of his attorney and CPA, made sure that his family would not owe a large amount of estate tax when his wealth transfers to his children. Through Carl’s work with WealthEngage, we developed an extensive financial plan, created an advantageous estate plan, and mitigated tax and income concerns for the future.
As with all the families in business we serve, we find it in their best interest to build teamwork and keep their families committed to working together. We worked closely with Carl to conduct regularly scheduled family governance meetings to accomplish these objectives.
Topics included delineating the family’s vision and values, defining the role of each family member, creating policies, multigenerational succession planning, financial education for younger family members, and facilitating business-family communication. We worked to ensure that Carl’s family investments were aligned with their objectives, and that their estate planning structures were in line with the overall strategy.
This investment profile is hypothetical and not indicative of any specific situations or clients. It is presented only as an example and not intended as investment advice. Asset allocation and diversification do not guarantee a profit nor protect against a loss. There is no assurance that any investment strategy will be successful. Investing involves risk including the possible loss of principal. While interest on municipal bonds is generally exempt from federal income tax, it may be subject to the federal alternative minimum tax, state or local taxes. In addition, certain municipal bonds (such as Build America Bonds) are issued without a federal tax exemption, which subjects the related interest income to federal income tax. Please note, changes in tax laws or regulations may occur at any time and could substantially impact your situation. Raymond James financial advisors do not render advice on tax or legal matters. You should discuss any tax or legal matters with the appropriate professional.