Services for High-Net-Worth Individuals

Helping you ensuring your wealth, values, and legacy live on

High-Net-Worth Planning image is depicted by a smiling happy businessman flying and working in a private airplane while using his laptop.

Legacy Planning in Action

Ensuring your wealth, values, and legacy live on is a crucial and complex part of the high-net-worth planning process. The process for developing a plan based on personalized goals and preserving your wealth includes:

Full spectrum financial planning. High-net-worth individuals have unique and complex circumstances that often require life-stage financial planning, planning for a varied family structure, and career-based planning.

Accumulation planning. Accumulated wealth often presents unique challenges, and we can help address these through the proper application of various strategies.

Several of these include:

Concentrated stock position management strategies, such as:

– Exchange funds
– Tax-loss harvesting through separately managed accounts
– Charitable strategies
– Option strategies such as covered calls, protective puts, and costless collars

  • Separately managed accounts and unified managed accounts
  • Alternative investments
  • Risk and protection
  • 1031 exchanges
  • Values-based investing
  • Insurance advice helping you identify solutions to protect what you value most
  • Educational financial advice
  • Real estate advice

Tax planning and optimization. Although wealth planning decisions are rarely made solely on their tax impact, it’s wise to consider the tax issues and costs involved. Planning for high-net-worth individuals and families should consider the implications of individual, investment, or business decisions to minimize tax liability. We help clients keep more of their hard-earned money to use towards their dreams.

Family governance. Ensuring proper stewardship of your wealth is as important as how to transfer it efficiently and effectively. We have resources to guide you through family conversations about your intentions and the values you would like to impart.

A Master Plan for Wealth Transfer

Estate planning. Set your personalized goals for protecting your assets and preserving your wealth. We craft legacy plans to care for our clients’ families.

  • Protect your property during life
  • Distribute your assets according to your wishes after your death

Estate tax planning. Adopt tax strategies that can have a surprisingly large impact on long-term wealth preservation.

  • Traditional marital/credit shelter trust planning
  • Irrevocable life insurance trusts
  • Spousal lifetime access trusts
  • Intentionally defective grantor trusts
  • Grantor-retained annuity trusts
  • Family limited partnerships or family limited liability companies
  • Qualified personal residence trusts

Trust services and wealth transfer according to your wishes. Plan early for the future distribution of your assets.

  • Discounted gifting strategies
  • Lifetime transfers maximizing annual exclusion gifts
  • Estate tax freeze techniques

Philanthropic and charitable planning. Most people donate to charities because they believe in their mission and contributing offers a sense of personal satisfaction. At the same time, charitable giving can help minimize your income and estate taxes. You may need planning that creates clarity for your personal goals and tax-incentive needs. Examples of charitable giving include:

Business planning in action

Business estate planning. Leaving a legacy for you and your family.

  • Exploring business exit strategies and tax mitigation techniques
  • Discounted gifting strategies ahead of the sale like a family limited partnership or intentionally defective grantor trust strategies
  • Estate planning and estate tax free techniques through trust planning
  • Life insurance analysis to provide estate liquidity
  • Philanthropic strategies like foundation or endowment management and charitable trusts
  • Family governance and stewardship
  • Investment strategies including alternative investments, SMAs, UMAs, and values-based investing

Business planning. Helping set your business up for success.

  • Retirement plan guidance and 401(k) plan implementation and management2

– nonqualified deferred compensation
– cash balance
– profit-sharing plans

If you are a business owner, learn more about the additional unique challenges you may face.

Additional Services

In addition to investment and wealth planning, we can also assist with connecting you to services that will meet a wide variety of your other financial needs. These include:

• Lending solutions
• Access to a trusted network of estate planning attorneys through the American Academy of Estate Planning Attorneys1
• Corporate trustee partners to take on key fiduciary rules as a neutral third party
• Analysis of equity compensation awards and executive benefits

1Commonwealth maintains a referral relationship with the American Academy of Estate Planning Attorneys (AAEPA). The partnership is not an endorsement of any specific
AAEPA attorney. AAEPA and its estate planning and legal services are separate and unrelated to Commonwealth and its financial advisors. Carefully consider your specific
situation before selecting an attorney.

2Commonwealth does not offer 401(k) or defined benefit plans.

Commonwealth Financial Network® does not provide legal or tax advice. Various investing, estate, and tax planning strategies are subject to risk amongst other important
considerations. You should consult a financial, legal, or tax professional regarding your individual situation. There is no assurance that any strategy will be successful.

An Executive's Guide to Retirement Back to Top

Executive's Guide to Retirement photo concept with confident businessman crossing his arms while standing in front of an office entrance.

Stepping away from the business you played such a prominent role in can be complicated and your departure process requires careful planning. But in addition to formulating an retirement strategy and ensuring that your company is positioned to succeed in your absence, it’s important that you also commit sufficient time to decide what the next phase of your life will look like.


3 Approaches Business Owners Can Use For Planning Back to Top

Using a blind trust to sell restricted stock depicts a blindfolded business woman.

As a result, corporate directors, officers, and executives may find that, over the term of their employment, a large portion of their net worth becomes concentrated in the employer’s stock. How can you reduce the risk associated with a concentrated portfolio—without violating insider trading rules or sending a bearish signal to the market? A blind trust might be the answer.


These 7 Pillars Form an Important Base for Financial Success

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