Total Wealth Planning & Oversight

Total Wealth Planning is usually only appropriate for clients with 1 million or more of net worth. It is significantly different from basic money management and traditional wealth management.  Wealth Planning is about Coordination, Protection, Positioning, and Oversight. It also is about finding the optimum places for your money to impact; lifetime cash flow, tax planning, and net worth.  Total Wealth Planning is agnostic to what type of wealth you have; and so it needs to be Advice-Only, to retain objectivity.

If someone got paid by any type of asset management, then they simply could not be as objective. Your Private Fiduciary (Total Wealth Planner) coordinates your plan with you other advisors, accountants, and attorneys. They also have access to a network of professionals to provide you with the entire range of advanced wealth & financial planning needs. 

What is Total Wealth Planning?

A comprehensive approach to understanding your deepest needs, values and goals is essential to achieving all that is important to your family, as well as freeing you from many involved financial concerns. Research shows the financial concerns of successful families tend to fall into five major categories of planning. As you consider these five categories, chances are many of your major wealth concerns fit within this framework. 

What is a Virtual Multi Family Office? 

A Family Office is a collaborative wealth planning team.  It is created to provide tailored wealth management solutions in an integrated fashion while promoting and preserving the legacy, identity, and values of the family. A Traditional Multi Family Office gives families with 100 to 500 Million, access to the same types of advice that families with $500 Million or more have in Single-Family Offices. 
Virtual Multi-Family Office is the place that gives integrated, professional advice services for most clients in 5 to 100 Million net worth range. A VMFO is usually the most cost and tax efficient approach for the working wealthy. By keeping Planning & Oversight in house; we reduce Service Provider Risk, and ensure Professional Privacy (personal confidentiality, investment privacy, and deal anonymity).  Outsourcing the right things, Virtually, helps keep overhead low, and still gets you access to subject matter expert level advice.

Our Clients come To Us With Concerns That Fit Into 6 Wealth Planning Areas

Family Wealth Governance

Turning “new” money into “old” money.  The system for creating family harmony, preserving family history, and nurturing family values though the purposeful structure and stewardship of the founding family members.
We help you make sure everything truly important is passed on to the next generation, and also the wealth.

Wealth Preservation

Planning for wealth preservation is twofold. First, is simply not losing a substantial portion of accumulated wealth. Second, is selecting an investment approach most likely to achieve income or legacy goals, depending on personal needs, situations and risk preferences.

Wealth Production

Tax planning must mitigate negative tax effects from investment activities, and reduce or shelter tax on money earned or received from other sources—while preserving wealth.

Wealth Transfer

Tax planning must mitigate negative tax effects from investment activities, and reduce or shelter tax on money earned or received from other sources—while preserving wealth.

Wealth Protection

Planning here safeguards against catastrophic loss, whether due to creditors, litigants and identity thieves. “Wealth” includes not only your financial assets, such as your home or prized possessions, but also untimely death of you or your loved ones, or the loss of ability to earn an income

Legacy & Charitable Giving

This encompasses all planning of charitable goals, such as arranging to donate a portion of your wealth in the most tax-effective way or in a way to make the greatest impact.

The types of assets our comprehensive planning can help you with:

  • Financial Assets (value based on contract)
    Cash, stocks, bonds, commodities, derivatives, annuities.

  • Tangible & Fixed Assets
    real estate, timber, farmland, buildings, equipment, inventory, precious metals, art, collectibles.
  • Non Traditional Investments
    Hedge funds, managed futures funds, Private equity funds, opportunity zone investments.

  • Intangible Assets & Intellectual Property
    Bitcoin &  Crypto currency, digital assets, patents, copyrights, goodwill, trademarks.

  • Personal Property
    Furniture, fixtures, clothing, jewelry, art, writings, household goods,
    tools, vehicles, machinery and equipment.

  • Personal Digital Property
    Online accounts; email, social media, shopping, photos, videos, gaming, online storage, websites and blogs.
    Anything stored on your personal hardware: computer, tablet, phone, or misc. digital devices.

  • Identity Theft & Your Credit Profile As An Asset
    While your identity profile often fits in other assets classes, it is important to think about it by itself.
    The most basic steps are putting a freeze on your credit, monitoring your credit rating, and learning safer ways to be online. But for clients in certain situations, paying a few hundred dollars a year for protection and insurance makes sense. 

  • Tax Optimization Asset Strategy
    Tax Coordination and Asset Location are ways to optimize your assets exposure to taxes over time. Different types of accounts and asset have different tax effects. By location, allocation, balance synchronization, and strategic sheltering… you can pay only what you need to.
    These are complex, mathematically rigorous, and continuous undertakings that are often arduous. So, while we do some asset tax planning for every client, the exact process is custom tailored to each clients situation.

Examples of traditional financial accounts and situations we give coordinated, collaborative advice on:

Retirement Account Advice

  • Traditional and Roth IRA
  • Conversion Roth IRA
  • IRA Rollover
  • 401(k), Roth 401(k)
  • 457
  • 403(b)
  • 401(1)
  • Solo 401(k)
  • Keogh
  • Money Purchase
  • Profit Sharing
  • Payroll Deduction IRA
  • Simple IRA
  • SEP IRA
  • Defined Benefit
  • Deferred Compensation
  • Target Benefit
  • Cash Balance

Private Vehicle Advice

  • 529 College Savings Plans
  • Coverdell Education Savings Account
  • UGMA / UTMA 
  • Special Needs Trust
  • ABLE accounts
  • Spendthrift Trust
  • Individual Non-Qualified
  • Joint Non-Qualified
  • Transfer on Death /POD
  • Joint Tenants with Rights of Survivorship
  • Business Accounts
  • Donor Advised Funds
  • Charitable Trust
  • Revocable Trusts
  • Irrevocable Trust
  • Asset Protection Trust
  • GRIT / GRAT / GRUT
  • Tax By-Pass Trust
  • Totten (Property Protection) Trust
  • Synthetic IRA Trust