Wealth Management

Our Holistic Approach

We view holistic management as the cohesive orchestra of professional services including asset management, philanthropy, risk mitigation, and legacy planning. This multi-disciplined approach enables us to align your goals and aspirations with your financial assets in a manner that brings purpose to your wealth. 

As your trusted wealth manager, we will view our role as one of leadership which is based on the theory the effectiveness is created through a well-coordinated, collaborative effort by a team of professionals from investment, legal, insurance, estate, business, and tax disciplines working together to develop and deliver the most prudent advice. 

Our Holistic Wealth Management Process:

  1. Deeply understand the aspirations that you have for your family and your wealth.
  2. Organize and engage a thoughtful team of subject matter experts.
  3. Critically assess the current state of your wealth
  4. Develop multiple permutations of techniques and strategies for consideration
  5. Prudently deploy wealth management techniques
  6. Maintain vigilance over our progress.

Wealth Management Strategies

After attaining a certain degree of wealth and financial success, it may be time to evaluate your overall financial plan. Wealth management strategies focus on preserving and protecting your wealth while also determining the appropriate growth targets.

Our "Wealth Vision" financial plans review your:

  • Investment Allocation across non-retirement and retirement accounts
  • Insurance coverage including: annuities, life, disability, long-term care, medical, auto, homeowner, business, and umbrella,
  • Estate Plan including: trusts and wills, gift tax, estate tax, estate valuation and transfers
  • Education Funding
  • Charitable Giving and Philanthropic Goals including donor-advised funds and private foundations
  • Tax projections including: federal, state, alternative minimum tax (AMT),

Here are a few reports we run for our Wealth Management clients:

Household Asset Allocation

When you have multiple accounts across a household, it can be easy to not realize your cash levels are too high or low, that you're too heavily concentrated in one asset class, or are generally not as diversified as you may have thought. Our household asset allocation report will help bring clarity to your investments and help us make recommendations toward a balanced plan.

Asset allocation or diversification does not ensure a profit or protect against a loss. There is no guarantee that a diversified portfolio will enhance overall returns or outperform a non-diversified portfolio.

Balance Sheet

All of your assets and liabilities on one page and a simple look at your total net worth.

Maximum Retirement Spending

Depending on whether you have a surplus or a shortfall, you may be able to change the amount of money you spend annually during retirement. If a surplus exists, you may be able to spend more and still manage your retirement objectives. If a shortfall exists, reducing the amount you spend may allow you to avoid delaying your retirement.

Monte Carlo Summary

Our Monte Carlo Analysis runs multiple simulations of your financial plan against future market conditions. The result of introducing random investment volatility to the analysis produces a range of values that demonstrates how changing investment markets may impact your future plans.

Income Tax Summary

Charitable Giving Reports

Which charitable giving vehicle is appropriate for you? Depending on your time and commitment level, a donor-advised fund or private foundation may make sense. We will help you evaluate your situation and come up with a philanthropic plan that suits you and your family.


Estate Growth and Tax Impact

The Estate Growth and Tax Impact report shows the value of assets inside your estate, the reduction in value due to taxes and expenses, and the net amount to your heirs at multiple periods of time assuming the death of you and your spouse at those time periods.

For more reports and information, kindly reach out to us to discuss your specific situation.

Wendell Charles Financial and LPL Financial does not provide legal or tax advice. Please consult your legal or tax advisor regarding your specific situation.

This is a hypothetical example and is not representative of any specific situation. Your results will vary. The hypothetical rates of return used do not reflect the deduction of fees and charges inherent to investing.

All investing involves risk including loss of principal. No strategy assures success or protects against loss.

Asset allocation or diversification does not ensure a profit or protect against a loss. There is no guarantee that a diversified portfolio will enhance overall returns or outperform a non-diversified portfolio.

For more information about our firm and the services we offer, send us a quick email or call the office. We would welcome the opportunity to speak with you.