If you’re like many of the corporate executive we work with, time is your most precious commodity. You’re trying to ensure the success of your business and team while also balancing a family life and involvement in your community. It requires focus and energy to successfully balance all these priorities.
The unfortunate reality is that the feeling of personal accountability and the responsibility that comes with such a successful career can lead to putting planning for you and your family’s future at the back of the line. Your personal planning may be altogether abdicated (“I’ll do it when I have time”) or, most often, done in a one-off, haphazard manner.
With “one-off” planning you could lose a significant amount of your wealth to taxes that could otherwise be avoided. Studies show that inefficient exercise of stock options can actually destroy a significant amount of your holdings.1 That is especially concerning considering that restricted share units, incentive options, and non-qualified options account for half of most executives’ annual compensation.
The Private Client Reserve’s comprehensive and integrated wealth management approach allows you to handle your personal planning using the same approach you take as a senior executive. Day in and day out you have a team of people reporting to you. You bring these individuals together and align and orient them around a single strategy. You have an overall goal, multiple tasks that are necessary to work toward this goal, and a timeline to get it done. You delegate responsibility and have metrics to measure the progress.
Our process is the same. We help to identify, prioritize, and align the resources you need around the goals you have for your wealth. We act as your executive team to coordinate and manage everything, making sure all strategies and tasks are aligned to focus on your overall objective. We measure your progress relative to your goals and meet with you regularly to adjust course as necessary. In short, we simplify your financial life and help you to optimize the benefits and resources available to you as a corporate executive.
1‘Preparing Heirs’, by Roy Williams and Vic Preisser.
2FactSet Research Systems and Standard & Poor's, "Ten-Year Annualized Risk and Return of S&P 500 Index Constituents" as of June 30, 2013.