Managing Your Wealth
NOT ALL WEALTH MANAGEMENT FIRMS ARE CREATED EQUAL.
Growing and protecting your wealth means evaluating the “big picture” to truly understand how the financial decisions you make today will affect your future. Apexium Financial incorporates a comprehensive approach to wealth management.
Our advisors specialize in eight core focus areas to provide comprehensive wealth management.
Financial Planning
Starting with understanding your values, goals, and objectives, your wealth manager will evaluate your financial situation, recognize and identify opportunities, and collaborate with you to develop, implement, and monitor a comprehensive financial plan. This discipline is critical to the foundation of your finances and the long-term success of managing and maximizing your wealth.
Educational Planning
Expenses associated with higher education are rising significantly faster than inflation. As your wealth manager, our knowledge and professional competency will advise you in analyzing education funding vehicles and strategies to implement tax-advantaged funding solution to optimize and leverage your assets.
Retirement Income Planning
You can anticipate a third to half of your life to be left when you retire. Financial autonomy in retirement isn’t just about accumulating enough wealth. This requires that your preparations must be dynamic enough to cover decades. A successful distribution plan should incorporate strategies to maximize investment income, utilizing the most tax-efficient methods while optimizing growth and controlling risk to ensure portfolio sustainability.
Asset Protection Planning
Asset protection is building barriers around your assets, whether personal or business, to keep them safe from creditors, divorce, lawsuits, or judgments. Conserving and shielding assets is a critical component of wealth preservation. Your wealth manager and the client's team of asset protection specialists will advise you on structuring your investments and incorporating vehicles designed to put a degree of legal separation between you and your assets to shelter your wealth.
Risk Management and Insurance Planning
Risk is a fact of life that can dramatically impact your wealth. Risk management is intended to minimize financial and other potential losses associated with risks to your assets, health, or business. Part of our responsibility as wealth managers is to help protect your financial well-being, which may require us to mitigate you from certain risks. If your first line of defense is identifying and managing risk, your last line is insurance. Prudent risk management may involve implementing certain risk prevention vehicles such as life, health, long-term care, disability, and property & casualty insurance coverage.
Tax Planning
Integrating tax planning strategies is a critical component of wealth management. Effective strategies can minimize tax liabilities and optimize income. Such planning considers the implications of individual, investment, and corporate tax obligations. While taxes are inevitable, your wealth manager will consider a proactive approach to consider the different elements of taxation as they relate to your circumstances and incorporate tax-effective strategies.
Trust & Estate Planning
Estate planning is more than the legal transaction of completing a will, designating heirs, or minimizing taxes. Planning for multi-generational wealth requires a comprehensive, future-resilient wealth transfer plan designed to navigate the complex tax, legal, and family governance issues to keep future generations unified and effective stewards of wealth. A wealth manager, along with the client's team of legal and tax specialists, will structure and implement your wealth transfer plan - whether it’s creating trusts to minimize taxes, establishing vehicles to provide liquidity to offset estate taxes, or fund a legacy.
Charitable Planning
Philanthropy represents the essence of leaving a legacy, as we all have an innate desire to create positive change in the community. To amplify your philanthropic efforts, you must know the charitable landscape, including the pros and cons of various financial vehicles, relevant taxation rates, procedures, and legal obligations. Your wealth manager will help guide you through the tools and strategies designed to assist you in the seamless distribution of your funds and the enduring promotion of your legacy.
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Apexium is a national Registered Investment Adviser with offices strategically located in the Northeast, Mid-Atlantic and the Southwest.