Wealth Management & Tax Planning Services.

Comprehensive Wealth Management

Our comprehensive wealth management service provides investment management and planning for a single fiduciary fee. We conduct a review of your return looking for tax planning opportunities, and review investments, liquidity, insurance and legacy needs. We do this to deeply understand you, your wealth goals, and your tolerance - and capacity, - to withstand risk.

Based on an ongoing process, we present an approach that may include tax-efficient low-cost exchange traded funds (“ETFs”), as well as stocks, municipal bonds, options, and/or other public and private securities.

Once portfolios have been set, accounts are monitored and rebalanced regularly. We look for planning opportunities, especially those that can increase your tax efficiency, including loss/gain harvesting and deferral (or acceleration) of income or capital gains. We run sophisticated scenarios each year as part of our annual tax planning.

And for clients entering the draw-down phase, we offer tax-efficient income strategies to help turn accounts into money that can actually be spend, while assisting in tax-aware distribution planning.

Tax Planning

While we don’t provide accounting or legal advice, nor do we prepare any accounting or legal documents, we do engage extensively with clients and their third-party tax preparers.

The tasks we perform may involve observations about tactical tax improvements clients can consider, as well as multi-year tax planning. Our recommendations may include recommendations about how to efficiently structure investments, how to give more efficiently to charity, whether Roth Conversions, Qualified Charitable Distributions (QCDs), or other steps may make sense...

Clients are urged to work closely with their attorney and/or accountant in implementing our tax recommendations. And at the client’s request we may recommend the services of a third-party attorney, accountant, tax professional or other specialist. The Wealth Collective is not compensated in any way for these referrals.

Life Insurance Planning

We also provide a wide variety of Financial Planning services to individuals, families, trusts and other clients. Generally, such planning and consulting involves preparing detailed financial projections, or rendering a financial consultation based on the client’s goals and objectives.

Our planning involves careful consideration of ways to build tax-smart retirement income plans, tax-efficient structuring of assets, optimal Social Security claiming, a review of health expense needs and Medicare costs, and all the related planning that goes along with helping clients achieve their desired outcomes whether that’s growing wealth, spending it, or distributing it to the next generation.

Importantly, we also perform fiduciary reviews of existing cash value life insurance policies (including Variable Life, Whole Life and Universal Life policies), as well as advising on Term Life. We can review key policy characteristics against benchmarking data to make sure clients actually understand what they own, are not dramatically over-paying, and have realistic expectations about how their policies are likely to perform over time.