Typical Financial Planning Concerns by Wealth Bracket
Recognizing that financial priorities change as wealth grows, we tailor our approach to address the specific concerns of each wealth bracket. There are, however, common themes in each such as creating tax efficiencies, investment strategies, and estate planning. Often, increased net worth means a shift in complexity from personal finance to business-level wealth management and generational legacy planning. Here we breakdown key financial planning concerns within different wealth brackets:
Up to $3M Net Worth: Security & Foundation
Primary Goal: Build financial security and begin accumulating wealth efficiently.
Key Concerns:
- Cash Flow & Debt Management
- Emergency Fund
- Retirement Planning
- Insurance Planning
- College Savings
- Tax Efficiency
- Estate Planning Basics
$3 – $10M Net Worth: Wealth Optimization & Strategic Growth
Primary Goal: Tax-efficient wealth accumulation while protecting assets and planning for the next generation.
Key Concerns:
- Tax Reduction Strategies
- Investment Diversification
- Risk Management
- Estate Planning
- Philanthropy & Charitable Giving
- Business or Equity Planning
- Lifestyle Management
Our team of experienced professionals brings Wall Street expertise and a Main Street mindset to every client relationship. We work closely with you to understand your individual needs and develop a personalized investment strategy that aligns with your financial goals.
$10 – $50M Net Worth: Multi-Generational Wealth & Tax Efficiency
Primary Goal: Structuring wealth to preserve assets, minimize taxes, and ensure multi-generational sustainability. Engaging in strategic philanthropy.
Key Concerns:
- Advanced Estate & Legacy Planning
- Tax Mitigation
- Liquidity & Asset Protection
- Investment Management
- Philanthropy & Foundation Creation
- Family Governance
- Business Exit Strategy
$50M+ and the Need for a Family Office
Primary Goal: Managing complexity through a private family office model, ensuring long-term control, efficiency, and legacy preservation.
Key Concerns:
- Private Family Office Management
- Multi-Generational Estate Planning
- Global Investment & Asset Protection
- Tax Optimization Across Jurisdictions
- Private Equity & Direct Investments
- Philanthropy & Social Impact
- Family Security & Reputation Management
- Heir Education & Family Values