Wealth Management & Investment Management Strategies
We see wealth management as the crucial intersection between financial planning and asset management. Building a successful financial life requires both components working in harmony.
A holistic approach to personal finance is the foundation of our process. Our financial planners aim to understand the priorities and goals of the clients they serve prior to making any recommendations.
As fiduciaries, our advisors are held to the highest standard of client care in the investment industry. Furthermore, as an independent practice, we have no obligation to recommend proprietary products or meet certain quotas. The importance of this arrangement cannot be understated as it allows us to focus purely on performance, suitability, and quality.
Retirement Planning
Whether you’re in, nearing, or decades away from retirement, you face an increasingly complex challenge – planning for income to last throughout your lifetime. Developing a systematic plan to withdraw retirement money over an uncertain time frame is a complex undertaking. It involves key assumptions about the effects of certain variables; investment returns, health, lifespan, inflation, Social Security payments, and taxation. This leads to a basic question: How much can you withdraw from your retirement nest egg annually and not face the risk of running out of money?
Estate Planning
Some of the most important reasons for an estate plan are:
- To control who manages and receives your assets at your death.
- To minimize administrative expenses and legal fees.
- To transfer a greater share of your assets to your heirs and favored charities / causes.
- To protect your heirs by providing them with wealth management continuity throughout your lifetime and beyond.
Even if you already have an estate plan, you should review it in the event of:
- Marriage.
- The birth of a child or grandchild.
- A significant change in your net worth (stock option vesting or inheritance).
- Changes in financial objectives (such as early retirement).
- The purchase or sale of a house or family business.
- Divorce.
- Death of a spouse or beneficiary.
- Changes in the tax laws.
Business Management Solutions
Garden State Investment Advisory Services, LLC has selected Charles Schwab & Co., Inc. (“Schwab”) as primary custodian for our clients’ accounts. By using Schwab as primary custodian, Garden State Investment Advisory Services, LLC has access to a wide range of products and services that help us serve our clients, including:
- Full range of investment products and trading services.
- Technology and service support.
- Wide array of investment account types including retirement accounts, charitable giving, and education accounts.
- Full range of investment options such as stocks, mutual funds, bonds, exchange traded funds, CDs and other investments.
- Technology and service support so investors can access all their accounts online and view positions, balances and account histories in one place.
Stock-Based Compensation Advisory Services
Customized Financial Planning: We offer personalized financial planning services designed to align with your individual financial goals and aspirations. Our advisors work closely with executives to create comprehensive plans that incorporate stock options, restricted stock units (RSUs), and other equity-based awards.
Tax-Efficient Strategies: Navigating the complexities of taxation related to stock-based compensation is crucial. Our experts employ tax-efficient strategies to minimize tax liabilities, maximize after-tax returns, and enhance the overall financial well-being of our executive clients.
Portfolio Diversification: To mitigate risk and enhance long-term financial stability, we assist executives in developing well-balanced investment portfolios. Our approach emphasizes diversification strategies that consider the unique nature of stock-based compensation.
Timing and Exercise Strategies: Making informed decisions regarding the timing and exercise of stock options is paramount. Our advisors provide guidance on optimal exercise strategies, considering market conditions, vesting schedules, and individual financial objectives.
Risk Management: We understand that concentrated stock positions pose inherent risks. Our risk management strategies are tailored to help executives safeguard their wealth by implementing prudent diversification measures and hedging strategies.
Insurance & Risk Management
Risk management and protection are integral to any comprehensive financial plan. As such, we thoroughly vet any existing insurance coverages that you maintain and we provide recommendations for additional coverage if we believe there is a need for it, or if policies could provide additional value to our clients.
Many times we find that life insurance can be utilized as a successful estate planning vehicle, therefore it is important to share your goals and objectives so that we can recommend a suitable investment.
