1650 Wealth Management works with a wide variety of clients. Our clients tend to be active and busy individuals who understand and appreciate the value of working with an experienced financial advisor. Some of our clients are knowledgeable investors and if they had the time and inclination, could manage their assets themselves. Others realize that investment management requires a special skill set and background, which they do not possess.
Executive / Business Owner / Entrepreneur
You are enjoying a successful career which is the result of hard work and smart decisions. Your net worth, while respectable, may be mostly tied up in the value of your business, stock options, pension plan, or restricted stock. You may have begun to think about your exit plan. Or perhaps you just want to be sure that your family’s future is secure while you continue to build your business or career.
Your Concerns May Include:
- How do I manage my deferred compensation and stock options?
- How do I plan for the sale of my business?
- How can I minimize or defer taxes?
- What retirement plan options are available to me?
- How do I convert the value of my business into an income stream during retirement?
Emerging Multi-Millionaire
You have dreams for yourself and your family. You would like to retire without worrying about money, putting the kids through college or helping your aging parents. You have some savings and investments, probably a 401(k), but not a comprehensive plan. You want to build and protect a solid financial foundation, while working towards your dreams.
Your Concerns May Include:
- Are we on track to meet our financial goals?
- How do we protect and build our assets?
- How do we know if we are making smart decisions with our money?
- How do we plan for the myriad of competing goals?
- How do we protect our family in case something catastrophic happens?
Retiree / Late Career Professional
You’re at the stage when you’re thinking about retirement. You have goals, not only for yourself, but for your loved ones. You have saved money and built a solid investment portfolio, but is it enough? Many of our clients come to us in preparation for retirement. There are a number of decisions to be made that may have a significant impact on your financial security. Over time, the conversation shifts from retirement security to legacy planning. You want to help your family, and maybe a favorite charity, but want to make sure that you are addressing all of your concerns.
Your Concerns May Include:
- Can we “afford” to retire?
- How much can we take from our portfolio on an annual basis?
- When should I start taking Social Security benefits?
- How do we allow our wealth to empower, not hinder our kids?
- What’s the best way to make charitable donations?
Life Transitions
Life can bring unexpected events your way; a divorce, loss of a spouse, or a sudden inheritance. Whether it’s a divorce, death of a spouse or an inheritance, each situation is unique and has its own set of issues. Life transitions can often leave you wondering, “What now?” Our goal is to help you through the transition and find peace of mind.
Your Concerns May Include:
- Although we planned well, the loss of a spouse has left me with more questions.
- I need to ensure that the inheritance I am receiving is properly managed.
- I am recently divorced and need to reevaluate my personal finances.
- I have received a recent windfall and want to make sure I’m making the most of my newfound wealth.