You know that incredible feeling of relief and hope you feel when something important in your life is finally taken care of? Working with my fiduciary team can bring you that same peace of mind regarding your financial planning. Here is one couple’s story that illustrates how working with our team can provide you with that comforting wave of relief that comes with knowing you are financially secure.
Planning Your Financial Future
Melissa and Mike are in their early 60s. Lifelong savers who had lived within their means for decades, Melissa and Mike had built up substantial assets through deliberate choices over time. When we first met, Mike had already retired from a successful career in business, and Melissa wanted to retire from her medical career. However, Melissa worried about how things like longevity, inflation, and deteriorating health could erode the strong financial foundation she and Mike had created.
While Melissa and Mike had worked with a couple of stockbrokers for years on their investments, decisions such as when Melissa should retire, which Social Security claims strategy made the most sense for them given Mike’s pension, and whether they could be more tax-efficient with their finances were topics that Melissa and Mike hadn’t discussed with their money managers.
“Quite honestly,” Melissa said, “I don’t want to talk with them about these things. They’re not fiduciaries or financial planners.” Mike added, “Don’t get us wrong. They’ve done a good job investing our money. It’s just that now we both need something more than returns. We need to know that the right people are thinking about our different financial opportunities so that we don’t have to. What does working with your team look like?”
I shared with Melissa and Mike that when clients work with me, they benefit from a fiduciary team of financial professionals with different skill sets who share a passion for their success. Through Melissa and Mike’s conversations with me, I understand what is most important to them and bring to them the many and varied capabilities of our experienced, nimble firm to develop their financial plan, manage their investments, and provide ongoing advice with their best interest as our top priority.
Coordinated Care to Cover All Bases
My training has been primarily in financial planning; some teammates have specialized in investing and others focus on account administration. When required, our team partners with third parties, including carefully vetted investment managers, independent insurance brokers, and clients’ attorneys and tax preparers, to deliver financial plans that align to their estate plans. Melissa and Mike welcomed this coordinated care around their finances. Within weeks, they transferred their investments to our management, and we began our collaboration.
Today, Melissa and Mike are both happily retired. Every three months, I invite Melissa and Mike to a “quarterly checkpoint”—time dedicated to discussing their finances. During our most recent conversation, Melissa volunteered, “I am so glad we started working with your team. It feels so good to know we’re doing what we can with people that we trust.”
If you crave peace of mind when it comes to your finances, my fiduciary team and I are right here for you.
*Melissa and Mike are pseudonyms. The clients’ names have been changed and some details generalized for this article.
Caroline Wetzel is one of Natural Nutmeg’s 10Best Winners for Life/Business/Finance/Health Coach. Caroline is a Certified Financial PlannerTM (CFP®) and Vice President, Private Wealth Advisor with Procyon Private Wealth Partners, LLC. Procyon Private Wealth Partners, LLC and Procyon Institutional Partners, LLC (collectively “Procyon Partners”) are registered investment advisors with the U.S. Securities and Exchange Commission (“SEC”). This article is provided for informational purposes only and for the intended recipient[s] only. This article may also include opinions and forward-looking statements which may not come to pass. Information is at a point in time and subject to change. Procyon Partners does not provide tax or legal advice.