Paul and Sarah’s Story
The Facts:
Paul and Sarah are both successful professionals living in Boulder. Sarah is a Director of Communications at a Fortune 500 company, and Paul is the Chief Marketing Officer at a growing business. Paul is 41 and Sarah is 38, and they have three young children – 7, 5, and 2. Paul’s mom needs occasional assistance maintaining her home and getting to and from doctor’s appointments. Between their demanding careers and family obligations, there is very little time and energy left for anything else.
Over the years they have made many of the “right” financial decisions. They have contributed to retirement accounts, opened 529 plans for their children, and built up a healthy high yield savings account.
Sarah has begun receiving stock options from her employer, and Paul has been offered restricted stock units as part of his compensation. They have been sending tax forms to their CPA in March of every year, but feel as though they should be receiving guidance prior to December 31st to optimize their returns. They have a budgetary surplus most months and are uncertain what to do with the “extra”. They are buying a larger house and Sarah has found the perfect neighborhood and school district. Revisiting their estate plan is a priority – but when is there time for that? They are unsure how everything fits into their broader financial picture, or what the tax implications might be regarding important upcoming decisions.
The Problem:
Complexity is increasing for Paul and Sarah. They are intelligent and disciplined, and likely very capable of handling their own financial planning. But financial and tax planning requires constant oversight and attention to details. Like many busy professionals, they simply lack time and a coordinated strategy.
The Solution:
Peak Asset Management takes a holistic approach to organize Paul and Sarah’s financial world. We review their balance sheet, investment accounts, equity compensation, and cash flow, and provide an in-depth analysis of the current circumstances. Together we set goals, address concerns, and develop a synchronized strategy for managing the decisions they will encounter concerning equity compensation, future real estate transactions, and education funding, while helping them routinely mitigate taxes via annual tax planning reviews.
We also provide critical guidance regarding their estate, trust and asset protection planning structure and help coordinate updates with an outside estate planning attorney. With the deep understanding we develop concerning Paul and Sarah’s financial affairs and objectives, it made sense for us to provide the guidance to establish their legacy plan.
With a comprehensive financial plan in place, fully supported by detailed reports and modeling, Paul and Sarah no longer feel disorganized and unintentional, or that upcoming decisions will be made in haste and without proper analysis. Instead, they now will have clear structure guiding their choices, and the confidence that details of their financial life are being thoughtfully managed.
Our focus is to make sure your objectives are advanced in the context of a comprehensive financial plan. Allow Peak Asset Management to partner with you on your wealth-building journey – we will organize and help manage all the financial details and complexities, so you can make prudent decisions and concentrate on what is most important.
DISCLOSURE
Investment Advisory Services are being offered through Peak Asset Management, LLC, a Registered Investment Adviser. Any content included in this presentation developed from third party resources is believed to be accurate information. The opinions and recommendations expressed, and financial planning material provided, are for general information purposes, and they should never be considered a solicitation for the purchase or sale of any security. Investing involves risks, and investment decisions should be based on your own goals, time horizon, and tolerance for risk.
This financial planning presentation is intended to facilitate a discussion concerning estate, business and financial planning goals, objectives and needs, and to provide you with general information regarding your planning options. Peak Asset Management (Peak) cannot provide legal, accounting or tax advice and any statements made by a partner, officer, advisor, employee or agent of Peak, including any legal and/or tax information, is not intended to be nor should it be interpreted as legal or tax advice, or an opinion. Such services must be provided by your outside attorney and/or CPA or tax professional. Please consult with these outside professionals accordingly.
