Working Professional Case Study
Working Professional Case Study Profile
Tom and Ann Mason (age 52 and 53)
Occupation
Commercial Builder; Consultant
Residence
Florham Park, NJ
Family
3 children (two in college; one in high school)
Liquid Net Worth
$750,000
Total Net Worth
$1.9M
Situation Between family life and managing their careers, Tom and Ann have been “too busy” to monitor their personal finances. They have accumulated significant assets without much planning. Their portfolios contain mostly proprietary investments and is skewed toward high risk investments. They need a financial planner to act as their “quarterback” and develop a plan to maximize the return on their somewhat “scattered” assets. Challenge
GenWealth Solution
Decentralized assets
Unaware of portfolio performance or fees paid
No monitoring of personal finances/ household expenses
No overall investment strategy
The GenWealth Group, Inc. A Registered Investment Advisor 6 Inwood Place Maplewood, NJ 07040 Phone (973) 761-0400 www.thegenwealthgroup.com
No clear path to retirement
Take inventory of personal assets (location of assets, account value, qualified vs. nonqualified, fees paid) Analyze historical investment performance Propose re-allocation and consolidation seeking growth with down-side protection Reduce redundant investment fees Provide household budget tracking tools Counsel on monthly expense limits Review personal budget annually Run retirement “readiness” forecast to help determine how and when they might retire Assist with tax-planning Assist with revised Estate Planning (update Will, Living Will, POA, Guardianship documents) Evaluate and acquire needed insurance (Life, Disability)
These are hypothetical cases and are not meant to demonstrate any specific client situation or outcome. Investments in securities markets involve risk, including loss of principal. No strategy assures success or protects against loss. Your results will vary. Case studies presented should not be interpreted as a guarantee of future performance or success.
Tom and Ann Mason (age 52 and 53)
Occupation
Commercial Builder; Consultant
Residence
Florham Park, NJ
Family
3 children (two in college; one in high school)
Liquid Net Worth
$750,000
Total Net Worth
$1.9M
Situation Between family life and managing their careers, Tom and Ann have been “too busy” to monitor their personal finances. They have accumulated significant assets without much planning. Their portfolios contain mostly proprietary investments and is skewed toward high risk investments. They need a financial planner to act as their “quarterback” and develop a plan to maximize the return on their somewhat “scattered” assets. Challenge
GenWealth Solution
Decentralized assets
Unaware of portfolio performance or fees paid
No monitoring of personal finances/ household expenses
No overall investment strategy
The GenWealth Group, Inc. A Registered Investment Advisor 6 Inwood Place Maplewood, NJ 07040 Phone (973) 761-0400 www.thegenwealthgroup.com
No clear path to retirement
Take inventory of personal assets (location of assets, account value, qualified vs. nonqualified, fees paid) Analyze historical investment performance Propose re-allocation and consolidation seeking growth with down-side protection Reduce redundant investment fees Provide household budget tracking tools Counsel on monthly expense limits Review personal budget annually Run retirement “readiness” forecast to help determine how and when they might retire Assist with tax-planning Assist with revised Estate Planning (update Will, Living Will, POA, Guardianship documents) Evaluate and acquire needed insurance (Life, Disability)
These are hypothetical cases and are not meant to demonstrate any specific client situation or outcome. Investments in securities markets involve risk, including loss of principal. No strategy assures success or protects against loss. Your results will vary. Case studies presented should not be interpreted as a guarantee of future performance or success.
