From Multiple Advisors to One Unified Plan: A Financial Success Story

Quick story, nice couple, Daniel, 51, and his wife, Liz, 49; Daniel’s a controller for a Fortune 500 energy company and Liz is an occupational therapist in a local hospital system.

They have a nice home in Charlotte where they raised their 5 children and today are empty nesters enjoying their newfound flexibility.

Going back a couple of years, Daniel and Liz had two financial professionals that they worked with and assets spread out across four primary financial institutions.

Over the years, the relationship with their financial professionals remained strictly investment focused, as did their communications—receiving not much more than the monthly & quarterly market commentaries that were forwarded their way.

Fast-forward to present day and when we first met with them: “We think we’ll be alright, but we certainly don’t have a plan.”

Liz shared that while they want to receive professional advice, they also want to be involved in the planning process: “We’d like to understand our options and how our current portfolio might dictate our future?”

They shared that while diligently saving and investing for nearly three decades, this was the first time they had a thorough financial planning conversation.

We were thrilled to take these guys on as great new clients, and after only a couple of conversations, they had a plan in place:

  • Accounts that could be consolidated were consolidated
  • Tax-loss harvesting that was neglected was implemented
  • Portfolios were transitioned into low-cost diversified portfolios
  • Future savings and investment allocations were modified to match their goals

Self-disclosed, their biggest takeaway was that finally knew what they owned, why they owned it, and where it fit into their picture.

They now had a game plan. They knew how to balance living their best life today, make work optional in 10 years, and best of all, they knew what needed to be done to give them the best probability for their desired future goals.

In our recent 1st statement review check-in call, Liz shared: “I can’t believe we didn’t do this years ago.”

We’re glad to help.

If you or someone you’re close to is a high-achieving professional that could use help aligning their finances and establishing a financial plan, please reach out to us, we’re accepting new clients and eager to help.

Cheers, Nic

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