Corporate Executive

This client is on a successful career track with a mid-to-high income level that has enabled financial security with savings and stock options as well as personal and business assets to provide for the family. The financial advisors at Heritage Investors started the financial planning process by discussing this client’s financial goals, any concerns, and performing a comprehensive, thorough analysis of existing finances. Based on the results of this review process, three things that will probably need to be addressed include:

Taxes: A higher income translates to more tax responsibility. We will determine solutions to consider to minimize the tax burden such as:

• Investment options that are tax-efficient
• Risk management tools that can be applied to assets
• Opportunities for tax deductions through charitable giving

Concentrated stock exposure:There are benefits to stock options, including restricted stock and employee stock purchase plans. Some critical factors we would evaluate include:

• Any potential tax repercussions
• Allocation of assets with diversification and risk reduction
• Potential benefits of holding or reducing a concentrated stock position

Asset Protection: It is important to establish a financial safety net for this client’s family in case there is a change in job circumstance with significant loss of income. Another strategy to provide litigation protection is to separate personal and busi ness assets and establish workable solutions for:

• Titling of assets
• Minimizing sources that could impact liability
• Assuring the client has adequate insurance coverage, including disability and other risk management options to effectively manage risk factors