Individuals & Families

Description of Need

An elderly couple came to us with a lot of confusion about their assets. Their accounts were spread out and disorderly, they weren’t sure what they had, and they sought an efficient, risk-managed portfolio they knew they could pass on to their family. 

Obstacles

When the couple first came to us, we found they had 28 separate accounts, making it difficult  for them to tell how they were actually invested. Additionally, although their stated risk tolerance was conservative, their portfolio had 35% in just two stocks (a concentration risk) and another 35% in cash (inflation risk). This had not been apparent to them and presented more risk than needed. 

Services Provided

  • Risk analysis
  • Portfolio reallocation
  • Diversification
  • Cash flow needs analysis
  • Multi-generational wealth transfers
  • Operational review of estate plan

Solution

We consolidated their diverse accounts into three overall accounts, a joint account and two IRAs, making things much simpler and streamlined from an overall management and estate standpoint. This became even more important due to the husband’s declining health. Analysis demonstrated that she should be able to maintain her standard of living once her husband passed, and likely have significant assets to leave to the next generation. 

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