There is an elite group of financial advisors within Halliday Financial that focuses their efforts on addressing the financial needs of wealthy families.
We are dedicated to serving our clients through a relationship based on mutual trust, integrity and intimacy. Those clients that come to Halliday Financial Wealth Management engage with us in a discovery process. The process is driven by an intensive dialogue to identify those factors that impact our client’s wealth and the preservation of that wealth. As the dialogue proceeds, we uncover short and long-term goals and concerns, the structure of the client’s financial assets, the family’s exposure to and tolerance for risk, and the importance of multi-generational planning.
Based on this discovery process, Halliday Financial Wealth Management will develop a suitable wealth management plan. Applying the broad services Halliday Financial provides to its clients, we implement the plan (while focusing on strategic and tactical asset allocation) and provide a range of investment solutions that includes cash management, fixed income, equities and alternative investments. Our wealth management plans also address estate planning, tax planning and risk management. We never lose sight of the defining characteristic of the relationship between our wealth management team and our clients: attentive service and personal counsel.
Wealth Management Cycle
Based on a series of face-to-face meetings, our consulting process allows us to:
- Understand the values that are important to you and your family.
- Understand financial goals for you and other members of your family.
- Develop, refine and implement a comprehensive plan designed to assist you in achieving all of your financial goals.
Once your Wealth Management Plan is implemented, we continue to monitor not only the investments you own and your other assets but the changes in your personal circumstances. Should the need to adjust your plan arise, your Wealth Manager will help you through that transition.
In addition, changes in laws and regulations may require amending your wealth management plan. Tax laws and those laws that impact your estate plan change frequently. It is important that your wealth management plan is able to adapt to those changes.
Comprehensive Wealth Management
No particular element of your family’s financial structure exists in a vacuum. Every piece is interconnected. Any financial plan for the future that addresses only one element of your financial life will be incomplete.
For this reason, Halliday Financial Wealth Management is committed to helping you address all of the following important financial issues.
The engine that drives a wealth management plan is a core investment philosophy. Your tolerance for risk is a major factor in developing an investment approach that has the opportunity to grow your assets while protecting those assets from unacceptable downside risks. Different portions of your investment portfolio may require different investments to be in line with the purpose of those assets. For example, short-term liquidity needs might be met with cash management programs designed to all but eliminate risk while long-term assets may contain investments with the greatest potential for growth at a reasonable risk.
An effective Wealth Management Plan recognizes the need to address those risks which, if left in place, may negatively affect your families ability to preserve wealth. Whether the risk is estate taxes, long-term care costs or the loss of income that comes when a wage-earner becomes unable to work, insurance can be the most efficient solution to reduce or eliminate risk.
All forms of taxation ultimately impact the financial success of our clients. At Halliday Financial, we help our clients manage their taxation in line with their financial goals.
For families that seek to maximize financial opportunities for future generations, we assist in the development and preparation of a robust estate plan. The reduction or avoidance of estate taxes is important but only if the principal goals of the family are also achieved. Expressing charitable intent, safeguarding children and grandchildren, the effective use of trusts and smooth succession of family business interests are several of the issues that a strong estate plan will help you address.
Wealth Management may not have retirement income as its major focus. However, creatively structuring assets to provide you with income when you are no longer deriving income from an employer or your business is still crucial. Ensuring that you can comfortably generate the income you need should be an element of any effective Wealth Management Plan.