Do You See Yourself in these Scenarios?

Joe’s Problem: A successful executive, he worked for most of his career at one company. His wealth and retirement accounts stemmed largely from stock, his pension, and benefits from that company.

His desire: To diversify his wealth and protect his family as he transitions into retirement.

The Way Forward: Joe chose Tempus Advisors to coordinate into one strategy his concentrated stock, retirement plans, and personal assets with the ability to invest towards a target retirement date. The investment strategy incorporated both his plan at work and his IRA accounts. His overall financial plan was implemented for him and the essential assurances were put in place.

Client Insight: With a well thought out concentrated stock strategy and with the organization of the various accounts and benefit programs in place, Joe feels satisfied that his position is diversified and that his family will be taken care of. He is on track for a successful retirement.

Diversification does not guarantee a profit nor protect against loss. The hypothetical example above is for illustrative purposes and is not representative of any actual experience. Individual results will vary.

Alan’s Problem: A medical specialist in late career, Alan is a partner in a large private practice. He recognized the firm’s profit-sharing plan as an opportunity to enhance wealth for all partners and, in addition, he sought help to maximize his own retirement savings to set himself up for the long-term.

His desire: to devote as much free time as possible away from the practice to be with his family and not to get bogged down in decisions about practice investments or his personal finances.

The Way Forward: Alan called on Tempus Advisors for a comprehensive plan for the partnership and for his own retirement. For him they developed a plan with a system to fund accounts to help maximize his saving opportunities and build his nest egg for retirement. Alan is a conservative investor and chose to avoid excessive market risk to reduce his concern about volatility.

Client Insight: The constantly monitored plans for both Alan and the practice are working towards their respective goals. As a high-income healthcare professional, Alan realizes that he doesn’t need to pay excess taxes or take uncomfortable risks in the market. He sees that he is making significant progress toward his retirement goals.

The hypothetical example above is for illustrative purposes and is not representative of any actual experience. Individual results will vary. Raymond James does not provide tax or legal services. Please discuss these matters with the appropriate professional.

 

James’ Problem: A serial entrepreneur, he founded and successfully nurtured a number of companies to various liquidity events. He tried to be the quarterback to manage his wealth, but he was constantly solicited by firms of different types who raised questions. He was not sure his existing advisors were the right ones for his goals.

His desire: To feel confident that all elements of his wealth were being well cared for.

The Way Forward: James called on Tempus Advisors for its services as a multi-family office, where all financial decisions and experts would be coordinated by one trusted advisor. Tax advisors and estate attorneys were added to the team. The aggregated external accounts became available to James in a dashboard. Insurances were updated and accounts were established for retirement and his children’s education. James now has a legacy planning strategy in place. In addition, the planning included a donor-advised fund created for charitable giving.

Insights: Ultra high net worth families may be able to simplify their complex financial life by centralizing their wealth management. A multi-family office approach may be the answer to integrate the management of advisors and manage essential experts. Many successful people want to give to future generations and to support the causes they care about. Advanced planning and a donor-advised fund through a multi-family office can become their solutions.

Jennifer’s Problem: As the matriarch of a successful family, she needed to balance a plan for her own needs while giving back to important causes and helping out her children and grandchildren. She knew her multi-generational planning challenge was one that required expertise she did not have.

Her desire: to balance planning for her own needs while giving to important causes and to her children and grandchildren.

The Way Forward: Jennifer tapped a comprehensive wealth management practice to help clarify her own thinking and coordinate a host of experts in estate, legal, trust, and investments. For her, she wanted to minimize the tax impact of decisions and make sure the plan was clearly communicated to all stakeholders.

Client Insight: As a family steward, Jennifer realizes that she can hire a trusted advisor to coordinate the broader plan and move forward with confidence that money will be distributed in the way she intended.

The hypothetical example above is for illustrative purposes and is not representative of any actual experience. Individual results will vary.