Inheritors
Inheritors
Many people who inherit wealth have limited financial experience. They are often overcome by a mix of emotions ranging from guilt to excitement to fear. We are there to help every step of the way including managing the inheritance in a responsible way that would make their benefactors proud.
CASE STUDY
Julie
BACKGROUND
Julie is in her mid-30s and has recently inherited a sizeable portfolio from her parents. She is married with young children. Her parents were clients of Optima for over 10 years. They worked hard and were disciplined and prudent with their wealth. She would hope to do the same, but will need guidance and support along the way.
She desired a partner who will protect her interest and provide the guidance needed to build wealth for her own family. She realizes the need to continue to accumulate wealth in order to retire and fund the education of her children. Julie wants guidance to help her avoid making an expensive mistake or being taken advantage of.
Optima
ACTION PLAN
Investment Management
- Ensured appropriate asset selection / allocation providing the highest probability to achieve her goals.
- Customized investment portfolio to balance asset accumulation and asset preservation needs
Wealth Management
- Ensured transparency of portfolio decisions; addressed retirement planning, college planning and insurance; helped Julie identify what is important in her life and prioritize her goals.
- Developed a financial plan for her to understand how inheritance impacts her goals.
- Helped determine the best vehicle and/or timing for college saving goals.
- Capitalized on appropriate retirement strategies to address specific needs and plan for a secure and comfortable retirement.
- Reviewed insurance policies and recommended umbrella policy.
Professional Support
- Introductions to other trusted advisors.
- Discussed need for basic estate planning documents and Introduced her to potential Estate Planning Attorneys
- Introduced her to potential CPAs.