Overview Of The Wealth Management Process 2

As you strive to grow your personal net worth, the financial challenges you face become increasingly complex. While some investors have strategies in place to grow their assets and manage risk within their portfolios, many do not have an efficient plan for dealing with the tax implications that result from the distribution and transfer of the assets they have worked so hard to accumulate. 

Capitalizing on opportunities to preserve, grow, and transfer your wealth requires the  guidance of a professional who knows and understands your long-term financial goals. This is where Waypoint Financial and our Wealth Management Process can help guide the way!

Wealth Management refers to the coordination of various strategies that encompass all phases of your financial life, from the accumulation of assets, to risk management, to tax strategies, to retirement and estate planning. The easiest way to conceptualize wealth management is to think of it as the logical transitions of your financial life:

• The accumulation of wealth. Construction of a solid, financial base sufficient to pursue your financial objectives.
• The protection of wealth. Creation of a strategy aimed at preserving your assets from erosion due to unexpected expenses, inflation, market decline, and taxes.
• The tax-advantaged distribution of wealth during life. Development of a sophisticated tax management plan to enhance your asset base by minimizing your tax burden and allowing you to distribute your assets according to your wishes.
• The tax-advantaged distribution of wealth at death. Planning for the controlled distribution of your assets at death—to whom you want, when you want, and at the lowest possible cost.

Wealth Management Planning seeks answers to those tough economic questions and helps guide the decisions that come with modern living. Waypoint Financial’s Wealth Management program divides these issues into seven modules—each focusing on a different area of your financial life: