High Net Worth Case Study
High Net Worth Case Study Profile
James and Patricia Carter
Occupation
Retired
Residence
Mendham, NJ
Family
3 children (one married; one living abroad)
Liquid Net Worth
$7M
Total Net Worth
$11M
Situation James and Patricia retained multiple financial advisors, ranging from a large commercial brokerage firm to a boutique money manager. Communication among the advisors was poor and face-to-face meetings were difficult. Each month, James sifted through multiple financial statements trying to determine his overall allocation, risk and performance. At the recommendation of their Estate Planning Attorney, the couple sought to consolidate assets with a smaller, highly-skilled, wealth-management firm. Challenge How do I monitor performance and fees? How do I get more frequent communication about my portfolio? How do I access systematic income from my investments? How can I ensure my Estate is tax-protected?
GenWealth Solution
The GenWealth Group, Inc. A Registered Investment Advisor 6 Inwood Place Maplewood, NJ 07040 Phone (973) 761-0400 www.thegenwealthgroup.com
How can I ensure my heirs’ investments are aligned with our family’s Estate Plan?
Consolidate assets at The GenWealth Group for improved asset management, personalized service and open access to Financial Advisor Establish monthly asset distribution Establish combined monthly “household” account statement detailing performance and fees for all accounts
Facilitate Estate Plan with specialized Attorney; establish Charitable Remainder Trust (CRUT) Assist in sale of restricted company stock and establish family gifting Provide detailed education to heirs on investment plan and the family’s estate Offer fee-savings for family “household” accounts
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.
James and Patricia Carter
Occupation
Retired
Residence
Mendham, NJ
Family
3 children (one married; one living abroad)
Liquid Net Worth
$7M
Total Net Worth
$11M
Situation James and Patricia retained multiple financial advisors, ranging from a large commercial brokerage firm to a boutique money manager. Communication among the advisors was poor and face-to-face meetings were difficult. Each month, James sifted through multiple financial statements trying to determine his overall allocation, risk and performance. At the recommendation of their Estate Planning Attorney, the couple sought to consolidate assets with a smaller, highly-skilled, wealth-management firm. Challenge How do I monitor performance and fees? How do I get more frequent communication about my portfolio? How do I access systematic income from my investments? How can I ensure my Estate is tax-protected?
GenWealth Solution
The GenWealth Group, Inc. A Registered Investment Advisor 6 Inwood Place Maplewood, NJ 07040 Phone (973) 761-0400 www.thegenwealthgroup.com
How can I ensure my heirs’ investments are aligned with our family’s Estate Plan?
Consolidate assets at The GenWealth Group for improved asset management, personalized service and open access to Financial Advisor Establish monthly asset distribution Establish combined monthly “household” account statement detailing performance and fees for all accounts
Facilitate Estate Plan with specialized Attorney; establish Charitable Remainder Trust (CRUT) Assist in sale of restricted company stock and establish family gifting Provide detailed education to heirs on investment plan and the family’s estate Offer fee-savings for family “household” accounts
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.
