Marie: New Investor
Occupation: Professional photographer
Objective: Be as smart as I can with my money
Concerns: What if I lose big revenue producing client
Risk Appetite: Aggressive, if I know what I’m investing in
Investing Experience: Limited
After several years in the business, Marie decided to strike out on her own. She formed a partnership with three others and after plenty of knocking on doors, business started flowing. She quickly found herself with lots of cash and a very high tax bracket.
She knew she wanted to invest her money but wasn't sure where to start or who to trust. During the discovery phase we talked about (1) Marie's financial goals like being as smart as possible with her money, maximizing her after tax, after fee returns and (2) we talked about her concerns like what would happen if she lost one of her big revenue driving clients.
Wealth Plan
We set up a plan to pay off Marie's student loans and lingering credit card debt.
We defined the monetary impact of losing any of her current clients and came up with a security plan for that.
We set up a retirement plan for her firm and immediately saw a tax benefit on Marie's taxes.
We built a tailored investment portfolio considering Marie's near term, medium term and long term financial goals and continue to talk about her investments and why she holds each of them.
The more Marie understands about each security in her portfolio, why each one is relevant for her plan and why they behave the way they do, she feels more confident in her long term financial security and the risk she is taking in her portfolio.
Case studies presented are based on actual clients, however, some of the information may have been changed or altered. These studies are provided for educational purposes only. Similar, or even positive results, cannot be guaranteed. Each client has their own unique set of circumstances so products and strategies may not by suitable for all people. Please consult with a qualified professional before implementing any strategy discussed herein. No portion of these case studies is to be interpreted as a testimonial or endorsement of the firms' investment advisory services.
