Philosophy

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.

Growth
Growth

LifeStyle
Growth

Legacy
Growth

Mosaic

The Divorcee
DIVORCE
Making an Impact
IMPACT INVESTING
Preparing for Retirement
RETIREMENT
Window
Widower
Selling a Business
Selling a Business
Managing a Concentrated Sock
Concentrated Stock
The Divorcee
DIVORCE
Making an Impact
IMPACT INVESTING
Preparing for Retirement
RETIREMENT
Window
Widower
Selling a Business
Selling a Business
Managing a Concentrated Sock
Concentrated Stock

Going through a Divorce

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.

Frances’s objectives:
  • Provide for a divorce settlement in a tax-efficient manner
  • Protect inherited assets against claims from her estranged husband
  • Create a sustainable income stream from assets following the divorce
Our risk management strategies for Frances:

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.

Tax planning:

  • Frances had large embedded capital gains in her portfolio and her capital losses were used to offset some of the gains from raising funds for the divorce settlement. With her attorney, we advised that capital losses be partitioned solely to Frances in the divorce settlement.
  • Recommended and arranged an intra-family family loan to bridge to finance the divorce.
  • Helped her to identify and provide evidence for her solely owned assets. She was able to preserve several million dollars of assets from being partitioned in the divorce settlement.

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.

Frances’s next stage:

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.

Navigating Through the Stages of Divorce

When you need to discuss your personal and professional life transitions, BakerAvenue is here for you.