Wealth Preservation / Investment Consulting
Above all else, the affluent are concerned about losing their wealth. Despite their wealth, they are not immune to financial setbacks. But wealth preservation is not only about not losing money—it’s about having enough money to fund their lifestyles, whether simple or extravagant.
The goal of wealth preservation is to produce the best possible investment returns consistent with the client’s time frame and tolerance for risk. This is the primary area of focus for most financial advisors. As a wealth manager, investment management is the foundation of the value we provide to our affluent clients.
Wealth Enhancement
Wealth enhancement is about tax mitigation: minimizing the impact of taxes on clients’ investment returns while ensuring the cash flow they need.
We have seen that mitigating incomes taxes is one of the major financial concerns of the great majority of our affluent individuals and families. Mitigating estate taxes and capital gains taxes also ranks high on their list of concerns.
It’s no surprise that so many affluent share these tax-related concerns. Taxes can—and do—eat up a great deal of wealth. As a wealth manager, We help our clients enhance their wealth by minimizing this impact.
Wealth Protection
This includes all concerns about protecting our client’s wealth against catastrophic loss, potential creditors, litigants, children’s spouses and potential ex-spouses and identity thieves—in short, ensuring that your assets are not unjustly taken.
Many affluent individuals are worried about being sued—not surprising, given how litigious our culture has become. This means that as a wealth manager, we will likely need to address controlling risks through business processes, employment agreements and buy-sell agreements, as well as restructuring various assets and considering legal forms of ownership—such as trusts and limited liability entities—that will help put your clients’ wealth beyond the reach of creditors and other parties who may seek to take it.
Wealth Transfer
Effective wealth transfer is all about taking care of heirs: finding and facilitating the most tax-efficient way to pass assets to loved ones in ways that meet the client’s wishes with minimal difficulty and cost.
Given the fluid nature of today’s tax environment, affluent families need to be proactive in their wealth transfer planning efforts if they truly want their wealth to benefit their heirs to the fullest extent possible. At Daniel Krug & Associates we will help you do so.
