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New Wealth Leaves John and Susan Looking for Answers

new-wealth-case-study

Influx of Wealth Leads to Questions about Asset Management

John and Susan’s sudden acquisition of new wealth was exciting and complex, leading to questions about how to manage their new assets. John took stock options from his employer early in his career, and they blossomed into a large payout, elevating the couple to a new lifestyle. When John’s company offered to buy back shares at a price of $40mm (after taxes), John and Susan accepted and received life-changing money.

The Challenges

How to Manage Lifestyle Changes

This new wealth presented new opportunities for them and their family, but it was not without challenges. John and Susan wanted to understand how they could transition from a salaried lifestyle to one funded by a portfolio. Their questions and concerns included:

  • How to manage this newfound wealth and build a team to support their needs;
  • How to protect this new wealth, and invest for sustainable growth;
  • Consider tax strategies and efficiencies to minimize liability; and
  • Maintaining their core values and family relationships.

The Solution

Private Wealth helps John and Susan realize goals

John and Susan engaged the Private Wealth team to review their situation. Their advisory team did a deep dive to understand what John and Susan really wanted to accomplish and to design pathways to help them make progress toward the future they envisioned. Private Wealth used a process broken into steps to manage every aspect of their situation:

  1. Goal Setting
  2. Risk Management
  3. Estate Planning
  4. Family Engagement

The Results

Stability and Wealth

John and Susan have a team that understands them, proactively seeks opportunities to help them make continued progress toward their goals, and helps them guard against risks. They have confidence in their decisions and that they have created a sustainable plan for their lives and generations to come.

Case Study: Managing New Wealth

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