BakerAvenue’s team of experts provides a coordinated, integrated suite of financial life-planning strategies, starting with our proprietary financial planning Mosaic Process. This process helps us analyze what matters most to you in order to align your values with your investment objectives. Our services help prepare and guide you through personal and professional life transitions, and allow you to optimize what’s in your control – so you can better prepare for what’s not.
Help prepare and guide you through personal and professional life transitions, and allow you to optimize what’s in your control – so you can better prepare for what’s not.
We will guide you to define your personal Mosaic plan that communicates an understanding of your priorities, interests, and aspirations while effectively linking financial strategies to your life goals.
Our advisors will work with you to create a trust & estate plan that includes succession planning and asset protection. We’ll discuss power of attorney, living trusts, wills, guardianship, and probate (what probate is, and how and why you may want to avoid it). We’ll develop a tax-efficient succession plan for your children and grandchildren that incorporates your values and legacy wishes. In addition, we will evaluate trusts to make sure your assets are protected. If you already have an estate plan, we’ll review it and offer guidance for any adjustments to align it with your priorities.
Benefits: When you’re ready to pass on your wealth, we’ll provide assistance on reducing estate and gift taxes, strategically managing your assets, and making distributions to your heirs – efficiently minimizing expenses, delays or probate.
BakerAvenue will evaluate your current situation to identify tax-planning opportunities and obligations, and to address new tax laws and how they apply to your circumstances. We’ll guide you through life decisions that have tax implications, such as structuring a new business, buying or selling new property, gifting, contributing to a ROTH or traditional IRA, and retiring.
Benefits: Our dedicated experts navigate through complex and ever-changing US tax codes to provide direction on how these laws can work for you.
Retirement planning starts with talking about your timeframe and spending needs. Guidance for funding your future includes assessing the best balance of investments and tax-advantaged retirement accounts to help grow your wealth. Plus we look at other tools to safeguard your savings, such as living trusts, life insurance, and long-term care insurance.
Benefits: When you are saving for a financially secure retirement, time really is money. We’ll help you understand your best options for investing over the long term to meet your goals. Then we work with you to manage asset allocations to keep you on track in retirement.
We’ll look at your current situation and assess your risk exposure, and asset protection needs. We’ll evaluate your insurance policies and discuss options, including Life, Disability, Long-Term Care, Property & Casualty, Auto, Umbrella, etc. We can recommend implementation plans and tap into a range of insurance professionals.
Benefits: As part of our comprehensive approach to risk management, we understand the various insurance types and levels of coverage that clients need. Our team of advisors can identify gaps or overlaps in your current policies, and suggest ways to obtain and optimize necessary coverages for your family.
BakerAvenue is not an insurance company or agent and does not receive any compensation for policy recommendations.
We pride ourselves on our commitment to understanding your core values, and integrating them to provide a customized, professional, strategic giving plan to achieve the highest possible social impact with your investments. We deliver services for all levels of philanthropic giving – from individuals making their first investment to those exploring entrepreneurial social initiatives that are bold, cutting-edge, and evidence-based. For those contemplating the establishment or growth of a family foundation, we perform high-level listening tours with all stakeholders to preserve generational values, optimize family harmony, and achieve long-term philanthropic impact.
Benefits: We advise clients about how to combine their passion and purpose with investments that deliver the performance to make meaningful change.
BakerAvenue’s Legacy Planning Services team includes specialists in estate planning, law, and tax strategy to assist with the complexities of inherited wealth. If you wish to ensure your gifts have a positive impact, our advisory team can create high-impact philanthropic giving plans that ensure your legacy and values are honored. Lastly, BakerAvenue provides guidance on financial well-being, stewardship education, and mentoring for future generations.
Benefits: Making your legacy an integral part of your wealth management plans can potentially save money for your heirs and beneficiaries. We work collectively to develop a family mission statement that captures your values and commitment to future generations. Our team of experts incorporate these values throughout every aspect of our work, and uses our learnings to guide and educate future generations on the responsibilities of wealth stewardship.
Ultra-affluent individuals and families often have more complex situations and require services beyond the expected. For these clients, we offer customized analysis and guidance for complex financial-planning needs and family succession, including Family Governance, Trust & Estate Planning, Financial & Tax Planning, Investment Management, and Art Investments.
Benefits: Our family office relationships are managed by the partners of our firm. We provide families peace of mind by helping to coordinate and manage the complexities of their financial lives. In addition, we design and oversee high-impact philanthropy and investment plans. And we partner with industry-leading companies to provide state-of-the-art cybersecurity and privacy protection for our clients.
Debbie, a 40-year old mother of two teenage daughters, received a $4.6 million divorce settlement. In addition to leaving a legacy for her daughters, she wanted to support sustainable global food and water systems, and domestic diversity causes. However, Debbie was also concerned about outliving her assets.
Robin and Mark spent their careers prioritizing education for their children and grandchildren, creating a portfolio that would support them through retirement. While they felt ready to start prioritizing their personal interests like travel and volunteerism, they wanted to feel secure that their wealth would be able to sustain them for the duration.
Balance risk with return
Built a Sustainable Income Plan
Align with Values
Robin and Mark are now traveling in South American and teaching children in rural schools. They feel comfortable knowing exactly where their finances stand—and that they have enough to not only get by but to actually thrive in their retirement.
Norma and John hired us several years ago to protect their wealth in down markets, provide an income stream from their portfolio, and develop an estate plan. When John passed away, we were there to help ensure a smooth transition of the estate for Norma.
Our Investment, Retirement, and Estate Planning strategies for the couple:
The estate transition following John’s death:
Knowing that she could trust us to advise her in the most professional and effective manner during this very difficult time enabled Norma to focus on goals for the next phase of her life.
Bob recently sold the company he’d created for a significant profit. Other than the business, planning for his family’s financial future had not been a priority. Plus, he had made a large tax payment on the sale of his business and needed a cash management solution.
Long-term strategic portfolio:
With investment and estate plans protecting his legacy, Bob was ready to transition into the next phase of his life. This included ambitions to compete in a triathlon, explore philanthropic endeavors, and travel more.
Divorce is one of life’s hardest transitions, and making the right strategic decisions during this vulnerable time is crucial. Frank sought our advice to help him plan the next chapter of his life that would avoid costly financial and legal mistakes.
As the lead advisor, BakerAvenue collaborated with a divorce attorney and a CPA to help create a financial and tax management plan during his divorce process.
Investment management / lifestyle planning
Following the divorce, we provided a comprehensive financial analysis of expected investment returns, portfolio income, and expenses to determine a sustainable long-term withdrawal rate from the portfolio to maintain his lifestyle.
Although the divorce was a difficult transition for Frank, he was very grateful for our guidance. Knowing we were there for him and shepherding his financial team, he was able to focus on healing after the relationship ended and moving on. He gained peace of mind knowing his assets had been divided properly and appreciated the tax savings that were earned as well.
Michael spent many years at a publicly-traded company as an executive and has amassed a significant concentration of his net worth in the company’s stock at a low-cost basis. Aware of the significant risks of holding a concentrated single stock position and wanting to leverage his wealth in more meaningful ways, he seeks guidance on the best approach.
Diversified to reduced risk and create more income streams
Created an intelligent giving strategy
Minimized tax impact
Michael feels a sense of meaning and purpose as he watches the impact of his philanthropic efforts at his alma mater and their charity organization. With the supplemental income, he can now create opportunities for his family to spend more time together and explore global travel opportunities—while knowing his legacy will make a lasting impact.
Transitional scenarios described above are hypothetical based on possible financial needs and goals of a client(s). This material contains references to concepts that have legal, accounting and tax implications, and is not intended as legal, accounting or tax advice. Click here to view BakerAvenue's full disclosures.