Our client is a corporate executive who has built a sizeable asset but didn’t have a comprehensive plan to capitalize and protect this sizeable asset as he contemplates retirement.
ALLEVIATE THE CLIENT’S CONCERNS AND DEVELOP a comprehensive transition plan to move him towards retirement from his company. He would like to have a plan that allows him to not worry about his income needs, and would like to achieve some diversification in his investment plan. He also needs advice on his pension plan as he needs to make the decision on whether he takes the lump sum benefit or annuity option. Lastly, he needs a long-term tax plan, including guidance on Social Security decisions in the future.
Castleview’s CORPORATE EXECUTIVE SERVICES TEAM developed a comprehensive strategy to transition the uncapped wealth in his employer stock to a well-diversified portfolio to meet a variety of long-term needs. Actions taken:
WITH A LONG-TERM PLAN IN PLACE that meets his goals, the client felt comfortable and ready to retire from his company to concentrate on other business ventures and pursue a more family-oriented lifestyle. Additionally, he was able to minimize his risk and tax consequences while maximizing his gains through the strategies recommended by Castleview. Today, his portfolio is more diversified and he has a comprehensive wealth plan to make this transition. The client now has a comprehensive quarterly review meeting schedule in place, a relationship one should expect from their wealth management team.