Wealth Management FAQs: Frequently Asked Questions & Answers

WEALTH MANAGEMENT AND INVESTMENT FAQs FROM YOUR ADVISORS

LRVS Wealth Advisors - Frequently Asked Questions and Answers

Wealth Management FAQs: Navigating the complexities of financial planning can be challenging, which is why we’ve compiled these FAQs on wealth management to address your most pressing concerns. From understanding frequently asked questions from financial advisors to explore insights on investment management, portfolio strategies, and the services offered by a wealth management firm, our goal is to provide clear answers that improve your financial picture. Whether you’re curious about management fees, choosing a financial planner, or planning for retirement and estate management, our comprehensive guide covers the critical wealth management questions to help you make informed decisions about your investable assets with a registered investment advisor.

Are You a Fiduciary?

We are registered Fiduciary Advisors. We are legally bound to act in our client’s best interest to provide the best financial options for our clients even if we don’t receive direct benefit or compensation for our recommendations.

We’ve helped hundreds of families with a connection to these industries and understand the complexities that are involved and require careful planning. We’ve worked with clients at every stage of the bio life cycle from start-up to IPO to mature pharmaceutical company, helping our clients as they progress in their career paths.

We evaluate your benefit package and work with you to develop a plan that includes all of your investments and other forms of equity compensation including ongoing stock liquidations. With our comprehensive experience working with Biotech professionals, their challenges and opportunities, we help you make the most informed decisions at each step and provide you with a whole new level of clarity and control.

Clients lean on us to act as their Family CFO. Our personal concierge approach to wealth management includes introducing a team of outside professionals of accountants, mortgage consultants, estate attorneys and insurance brokers to ensure that every aspect of wealth management and financial planning is integrated into your overall plan.

A financial advisor helps create an overall wealth management strategy so that you can grow your investments, plan for the future and plan tax strategies for the day when you sell or move to another company or retire.

Our estate planning services are designed to provide peace of mind by helping you achieve your financial goals through comprehensive strategies that consider your entire financial picture. Working closely with a certified financial planner or chartered financial analyst, we address wealth transfer, tax planning, asset management, and risk management to protect your assets under management. Learn more about how our wealth management services can help you achieve your financial goals on our Financial Planning Approach page.

Retirement planning at our independent wealth management firm focuses on strategies designed to help you make smarter financial decisions and work toward your financial goals. Our fee-only financial advisor develops a comprehensive financial plan that includes asset allocation, portfolio management, and tax planning tailored to your specific needs. We guide individuals and families through personal financial planning to ensure a secure retirement. Explore our Retirement Planning services to find answers on how we can help you achieve financial success.

A sudden windfall, such as an inheritance or bonus, can impact your financial situation significantly. Our wealth management program is designed to help high-net-worth clients make informed investment decisions and optimize their tax situation when experiencing a transfer of wealth. Through personalized wealth management services, we help you manage this unexpected influx of wealth and align it with your financial strategies. Discover more about how our Sudden Wealth Management services can help you make the most of your newfound wealth.

The financial planning process:

  1. Introductory meetings: We start our process with an introductory meeting where we can get to know each other and determine if our services are a good fit for your situation.
  2. Discovery meeting: An opportunity for us to ask detailed questions, discuss financial goals, opportunities, threats, and potential strategies.
  3. Plan Presentation: We will present a plan based on your goals and our recommendations. You will have an opportunity to ask questions or express concerns.
  4. Finalize and Implementation: The final plan is set! If applicable, accounts are moved, and final steps are taken.
  5. Systematic Review: Depending on your plan, we meet episodically to review plan and edit as needed. No matter what, we are always available to chat!

Every client relationship is different but typically our clients pay a flat annual fee for financial planning. In addition, should our clients engage us for investment advisory services we utilize a tiered fee structure based on assets held under our management. We are committed to educating, planning, and managing your financial well-being for today and tomorrow.

LRVS is an advisory team within McAdam Financially Advanced. LRVS was founded by former site leaders with expertise in guiding executives in the biotech, pharma, and life sciences sectors. The LRVS Advisory group of McAdam Financially Advanced is a group of top level McAdam  financial advisors.

If you have more questions that have not been answered by our wealth management FAQs contact us today.