Managing Wealth to Align with Your Values
Wealth Management with BakerAvenue begins by first understanding your beliefs and helping define your life goals with your team of financial experts who are here for you before, during and after any of life’s changes.
At the start of our relationship, we discuss the important areas of your financial life using a process specific to BakerAvenue: The Mosaic. It’s an honest, unbiased process created to uncover what truly matters to you. The truths it provides can be surprising and inspiring. We’ve found the Mosaic informs an organic, dynamic plan that prepares you for any life transition.
Divorce is one of life’s hardest transitions, and making the right strategic decisions during this vulnerable time is crucial. Frances sought our advice to help her plan the next chapter of her 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 her 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 her lifestyle.
Although the divorce was a difficult transition for Frances, she was very grateful for our guidance. Knowing we were there for her and shepherding her financial team, she was able to focus on healing after the relationship ended and was able to move on. She gained peace of mind knowing her assets had been divided properly and appreciated the tax savings as well.
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.
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.