Set your college-bound kids up for success with power of attorney, basic estate documents, credit card accounts, and more.

A wealth plan is crucial for ensuring the actions and wealth-related decisions you make are helping you work toward your unique goals. Everyone lives their life with a different set of needs and objectives, and their wealth plan should reflect that. As you begin to build your wealth plan, ask yourself, "What's the money for?" and be sure that your plan helps you get there.

If you happen to become the beneficiary of a large wealth transfer, don’t be surprised when everyone around you suddenly starts talking like they are a financial expert. You’ll likely get plenty of advice about what to do with your money. But who do you listen to? Who can you truly trust? When deciding what to do with inheritance money, allow us to give you some free, no strings attached advice. 

For years, your mission in life was to get into college. Now that you’ve cleared that hurdle, it’s time for some more grown-up goals, like how to manage money in college. It’s time to prove that when you graduated from high school, you also graduated from the Bank of Mom and Dad (BOMAD). Going to college and managing your own money is going to test the skills you learned by having an allowance when you were little.

As a business owner, your professional and personal lives are intertwined and inherently connected to your business. With their identity largely tied to what they do professionally, many owners face confusing and conflicting emotions when leaving their company. Selling a business can be one of the most significant decisions of your life. The first step to planning for your exit is finding mental readiness.

Enable 2FA on your email, financial accounts, social media accounts, and anywhere else that offers this security feature. Two-factor authentication requires a second layer of authentication in addition to your password to complete your login, such as entering an SMS code sent to your phone or approving a push notification. This is the single most important step in protecting your accounts.

One of the many joys of working with clients who are founders and executives is helping them navigate their wealth plans alongside building their careers, families, and legacies. It’s rare to see ambition stall in these clients; instead, their careers evolve and so do their plans for the future. Helping them design personalized wealth plans tailored to their unique priorities and goals is one of the most thrilling aspects of my career as a wealth advisor.

In the game of entrepreneurship sometimes the market throws a curveball, and your business valuation is less than what you had expected. Instead of striking out, have a contingency plan in place. It’s good to hope for the best but be prepared to adjust your expectations downward if the valuation of your business comes in lower than expected.