Total Wealth Management for Individuals

Building the foundation for a strong wealth management plan begins with individual goals that will then integrate into the larger plans for family wealth management and business financial plans. Transitioning a business to the next generation of ownership, or selling a family business, and ensuring that the overall family wealth plan is a stable and enduring, requires a future vision and a long term strategy.

TransitioNext Advisors works with individuals to build this strong foundation through:

  • Taking Inventory of your assets and liabilities
  • Determining the saleable value of your business
  • Establishing your goals, with a dollar value, and what it will take to accomplish them
  • Analyzing all six key areas of financial planning:
    • Financial position
    • Adequate insurance protection
    • Wealth accumulation strategies
    • Retirement planning
    • Tax reduction strategies
    • Estate planning
  • Establishing dates by which you hope to achieve your goals

Let’s Talk.

Schedule a 45-Minute Call

Applying the Financial Planning Process

We approach each new engagement with our consultative process. This allows us to have an open dialogue in which we learn about every client’s values and goals while tailoring a plan to achieve them.

Financial Planning Process

Financial Planning for Individuals and Business Owners*

As a business owner, your financial position requires more attention and strategy. The TransitioNext Advisors approach is a holistic strategy for integrating all aspects of your finances:

Financial Position

  • Know your current net worth
  • Understand your cash flow – current income and expenses
  • Manage debt
  • Determine business value (business owners)

Adequate Protection

  • Know outcomes for survivors in case of premature death
  • Protect income in case of disability
  • Plan for possible end-of-life illness to protect wealth; long-term care
  • Protect for unforeseen liabilities and pay off debt

Wealth Accumulation Strategies

  • Create and maintain adequate cash reserves and accumulation framework
  • Provide for education
  • Plan for Goals — vacation, new home
  • Non-qualified investment management

Retirement Planning

  • Retirement income planning
  • Maximize government/public savings and pension plans
  • Plan for medical benefits
  • Personal savings and investments
  • Social Security income maximization

Tax Reduction strategies

  • Minimize federal and state income taxes
  • Tax efficiency of investments
  • Develop long-term tax reduction strategies

Estate Planning

  • Determine exposure to estate
  • Inheritance taxes
  • Coordinate wealth transfer
  • Charitable gift planning
  • Create estate plan framework

Let’s Talk.

Schedule a 45-Minute Call

Any discussion of taxes is for general information purposes only, does not purport to be complete or cover every situation, and should not be construed as legal, tax or accounting advice. Estate Planning services are provided working in conjunction with your Estate Planning Attorney, Tax Attorney and/or CPA. Consult them for specific advice on legal and tax matters.

*Financial plan recommendations can be implemented with the advisor of your choosing. Implementation of specific products or services may result in commissions or fees outside of the financial planning fee.