Wealth management can be complicated especially with life’s uncertainties.
One of our clients, small business owners were in the process of selling their company and needed to figure out what to do with the proceeds. As a husband and wife team, with a family to think about, they wanted to be able to invest in another business in the near-term, while planning for their future.
In short, they needed a wealth management strategy.
Here at First Financial Trust, we are all about the big picture. It’s not just about meeting or long-term goals; it’s about looking at the full view and helping our clients understand all of the pieces and how to put them together.
We started spending time with the husband and wife to understand their entire situation. We learned about their goals and objectives and how they wanted to live their lives. We learned that the wife had several old 401(k)s sitting around that could be consolidated into a rollover IRA to simplify her investments and record keeping. We learned about the sale of the business and how they wanted to invest those proceeds for growth.
They still had to pay for college and also wanted to start up and fund a new business, while at the same time ensuring they had enough money for retirement.
We recommended an investment strategy to invest some of the proceeds from the sale and helped consolidate all of their 401(k)s and other investments, including their lump sum pension distributions.
We also helped them set their children up with smaller investment accounts to help them save for their future.
Our investment management approach takes a holistic view and simplifies and organizes what can be overwhelming and challenging. We make wealth management understandable and achievable for everyone involved.