wealth management

Are you ready to take advantage of opportunities to create and enjoy your wealth?

Wealth Management for High Net Worth Individuals considers all aspects of asset allocation for each client as one approach will not work for every client. Wealth management is the highest level of financial planning services and includes comprehensive investment management alongside financial advice, tax guidance, estate planning and even legal assistance.

At McDonnell Richardson CPA, PC we provide complete wealth management solutions for multi-generational families, business owners, entrepreneurs, and high net individuals. We show our clients how to simplify their complex financial lives and achieve their long-term monetary goals through strategic planning that is proactive rather than reactive. As sophisticated financial professionals with specialized expertise, we offer a contemporary methodology combined with attentive, personal service that cannot be found at larger institutions.

Our wealth management services involve taking steps now that protect your assets and arrange your finances to meet your personal objectives. To accomplish this, we’ll meet with you to discuss your concerns and learn all we can about your financial aspirations and life goals. Then we’ll start to build a comprehensive plan that safeguards assets throughout your life and transfers wealth to your beneficiaries with minimal tax implications. This proposal may include succession planning, estate planning, and investment management. As your wealth grows and your circumstances change, we’ll adjust this plan accordingly so you always have the peace of mind of knowing that your family will be financially protected in the years to come.

There are numerous reasons why a high-net-worth individual might hire an outside firm to handle wealth management, including:

  1. Expertise: Wealth management is a complex and specialized field that requires a high level of expertise and knowledge. Hiring an outside firm with experience in wealth management can provide access to the expertise and resources needed to manage a high-net-worth portfolio effectively.
  2. Time Savings: Managing a high-net-worth portfolio can be a time-consuming process that requires ongoing attention and monitoring. By outsourcing this task to an outside firm, high net worth individuals can free up their time to focus on other important aspects of their lives, such as their careers or personal interests.
  3. Customized Solutions: High net worth individuals often have unique financial needs and goals. An outside firm can provide customized solutions tailored to the specific needs and objectives of the individual, helping them achieve their financial goals more effectively.
  4. Risk Management: High net worth portfolios often involve significant risks, including market volatility, currency fluctuations, and geopolitical events. An outside firm can help manage these risks and ensure that the portfolio is diversified and well-protected.
  5. Confidentiality: High net worth individuals often have a need for confidentiality and privacy when it comes to their financial affairs. Working with an outside firm can provide an additional layer of privacy and confidentiality, as the firm is bound by professional ethics and legal obligations to protect the client’s information.

Overall, hiring Simplified Business Solutions to handle wealth management can provide high net worth individuals with access to expertise, customized solutions, risk management, time savings, and confidentiality, among other benefits.

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We endeavor to provide you superior client service and build a long-term relationship with you. We have a full team ready to meet your needs!