Who we serve
Protecting and Growing Your Legacy
The stakes are high when planning for retirement. The last thing you want is to put yourself or your loved ones at risk by following questionable advice. For those managing things themselves, it can also be difficult to know if you’re making the right decisions or not. Moreover, succession planning for management can be compromised if the primary decision-maker is unable to continue.
We serve individuals and families who seek peace of mind in having an experienced, credentialed team to watch over their financial best interest.
Your journey to financial independence starts with selecting the right financial advisor.
We believe pursuing your goals shouldn’t mean dealing with unexplained uncertainties. That’s why we focus on helping accomplished individuals and families build reliable financial plans for the future.
Stepping back from a fast-paced life to retirement is always complex, no matter your financial goals. We strive to make this transition as smooth and secure as possible.
Our clients come from diverse backgrounds, including:
Retirees & Pre-Retirees
Whether you are ready to retire soon or find yourself 10 years away from the big day, there’s a lot to plan and prepare for. You have worked diligently for years and been consistent in saving into employer-sponsored retirement plans. You’ve made good decisions up to this point, and you want to avoid the myriad of potential mistakes that can derail your plan. You might have a lot of questions! When is the right time to claim social security? Should I be doing Roth conversions during low-income tax years, and if so, how should I do this? What should my portfolio mix be between stocks and bonds? How much income can I count on my portfolio generating for me and my family to support our lifestyle? How do I know if I’m spending too much? Can I afford to travel or purchase a retirement home? Precedent has the depth of experience to help you begin planning for the next part of your journey. We start with developing a retirement “roadmap” for you, and that informs the proper portfolio strategy. Your retirement roadmap will inform what goals and aspirations are realistic and will also identify those where you might be “out over your skis”.
The only thing that’s certain about your financial future is that it is uncertain. We hold your hand with portfolio management, holistic financial planning, and guidance along the way. Your peace of mind as you step into this next stage is priceless.
Young Professionals
In the existing private wealth management marketplace, young professionals with less than $1,000,000 in investable assets are either directed towards a “robo-advisor”, or they are told to “come back in ten years” by the big banks (who have big investment minimums). At Precedent, we’re more interested in getting started with you now and growing alongside you as you start your financial journey. If you’re a young professional, we help you figure out how much you should be saving, where you should be saving it, and whether or not you are remaining “on track” with regular portfolio reviews. Even still, for our young professional clients, it doesn’t stop at portfolio management. Thinking of future opportunities, we advise you on asset location right now so that you and your family have the most tax planning flexibility when you reach retirement. We help you develop an estate planning strategy that fits your growing family. As a fiduciary, we don’t sell life insurance; but we can run planning analyses to help you determine the right amount of coverage to secure. We can advise you on the type of coverage to purchase so you don’t end up getting “sold”. We manage your investments and keep you posted on your progress.
At Precedent, we help you get off on the right foot and we’re alongside every step of the way.
Heirs & Survivors
Losing a loved one can be the most difficult experience of your life. At Precedent, we work regularly with widows or widowers who have recently lost their spouse. Often, the surviving spouse may have relied on their deceased partner to “handle the finances”. Once they pass on, catching up on the investment portfolio and the necessary day-to-day maintenance of your financial life can feel overwhelming. We stand with you in these scenarios to make the transition to this next stage of life easier for you. Our team steers clear of industry jargon and works to explain your strategy and plan to you in a way that makes sense to you. We meet you where you are.
Further, if you’re inheriting wealth from a deceased parent or relative, this presents fresh questions and opportunities that are likely to feel burdensome. All of a sudden, you now have substantial wealth. The mindset goes from amassing and saving wealth to protecting it and finding out how you want to use it. At Precedent, we help to tailor customized portfolio strategies that make sense for where you happen to be at this point in your life. We help develop a long-run plan to evaluate how certain goals, objectives and expenditures fit in with your long-run security.
Business Owners
We love working with business owners. No one knows your business as well as you. Your journey to this point was arduous. As you step into this next stage of your life, you might be ready to enjoy some of the fruits of your labor. At Precedent, we have guided multiple entrepreneurs through the sale of their businesses and the various financial planning exercises that pave the way for their financial futures. Much of this planning needs to start before a letter of intent is even signed. Our team will help you consider estate planning and tax planning strategies that serve to optimize your outcome before the deal is closed. Thereafter, we work with you to deploy your portfolio conscientiously, tailoring strategies that best suit your risk tolerance in this next phase of life.
You’ve spent your whole career being a “jack of all trades”. Precedent can be exactly that in your financial life moving forward, so that you can enjoy your next venture, time with your family, or your retirement years.
Corporate Executives
As a corporate executive, your financial life is complex. Between managing stock options, restricted stock units (RSUs), deferred compensation plans, and navigating corporate benefits, your wealth may become overly dependent upon a single company’s success. At Precedent, we specialize in helping executives like you develop a strategy to optimize these assets while mitigating risk. Whether it’s designing a tax-efficient plan for exercising stock options, diversifying concentrated equity positions, or coordinating your executive benefits with a long-term financial plan, we bring clarity to complexity. Additionally, we help you prepare for transitions—whether it’s a leadership change, early retirement, or a career move—ensuring your financial future remains secure. You’ve spent your career driving success at the highest levels; we help ensure that your wealth works just as hard for you in the years ahead.
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