FULL SPECTRUM FINANCIAL PLANNING
High-net-worth individuals have unique and complex circumstances that often require life-stage financial planning, planning for a varied family structure, and career-based planning.
Accumulation planning
Accumulated wealth often presents unique challenges, and we can help address these through the proper application of various strategies.Several of these include
- Separately managed accounts and unified managed accounts
- Alternative investments
- Values-based investing
- Educational financial advice
- Real estate advice
Tax Planning and Optimization
Although wealth planning decisions are rarely made solely on their tax impact, it’s wise to consider the tax issues and costs involved. Planning for high-net-worth individuals and families should consider the implications of individual, investment, or business decisions to minimize tax liability. We help clients keep more of their hard-earned money to use toward reaching their dreams.
- Concentrated stock position management strategies
- 1031 exchanges
Family governance.
Ensuring proper stewardship of your wealth is as important as how to transfer it efficiently and effectively. We have resources to guide you through family conversations about your intentions and the values you would like to impart.
Estate planning
Set your personalized goals for protecting your assets and preserving your wealth. We craft legacy plans to care for our client’s families.
- Protect your property during life
- Distribute your assets according to your wishes after your death
BUSINESS PLANNING IN ACTION
Business estate planning. Leaving a legacy for you and your family.
- Exit and succession planning
- Exploring business exit strategies and tax mitigation techniques
- Investment strategies including alternative investments, SMAs, UMAs, and values-based investing
- Executive compensation arrangements like nonqualified deferred compensation, split-dollar life insurance strategies, equity compensation, and 10b5-1 trading plan
- Family governance and stewardship
- Life insurance analysis to provide estate liquidity
- Philanthropic strategies like foundation or endowment management and charitable trusts
- Discounted gifting strategies ahead of the sale like a family limited partnership or intentionally defective grantor trust strategies
- Key person insurance
- Investment advice for liquid company assets
- Estate planning and estate tax-free techniques through trust planning
- Retirement plan guidance and 401(k) plan implementation and management
We’re happy to discuss your specific retirement plan needs with you.
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ADDITIONAL SERVICES
In addition to investment and wealth planning, we can also assist with connecting you to services that will meet a wide variety of your other financial needs. These include:
- Lending solutions
- Access to a trusted network of estate planning attorneys through the American Academy of Estate Planning Attorneys
- Corporate trustee partners to take on key fiduciary rules as a neutral third party
- Analysis of equity compensation awards and executive benefits
1.Commonwealth maintains a referral relationship with the American Academy of Estate Planning Attorneys (AAEPA). The partnership is not an endorsement of any specific AAEPA attorney. AAEPA and its estate planning and legal services are separate and unrelated to Commonwealth and its financial advisors. Carefully consider your specific situation before selecting an attorney.
2.Commonwealth does not offer 401(k) or defined benefit plans.
Commonwealth Financial Network® does not provide legal or tax advice. Various investing, estate, and tax planning strategies are subject to risk amongst other important considerations. You should consult a financial, legal, or tax professional regarding your individual situation. There is no assurance that any strategy will be successful.
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