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| Wealth Advisory Planning |
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Our Wealth Advisory Planning services are designed to work in harmony to meet the needs of individuals and families with a varied set of goals. Our customized solutions employ financial counseling, family legacy services, and business advisory services which is available separately or in any combination for optimal flexibility.
Financial Counseling
Successful individuals and families understand the importance of proactively managing their financial lives. Many of our clients need a partner that can guide them in developing comprehensive wealth plans that incorporate their unique financial, philanthropic, tax, and wealth transfer objectives.
- Financial planning
- Wealth transfer planning
- Tax planning
- Compensatory stock option planning
- Risk assessment, mitigation and management
Family Legacy Services
A family’s legacy encompasses values, principles, ideals, and assets that pass from generation to generation. To address these important, very personal and often emotional issues that accompany substantial wealth, Silver Bridge offers an array of specialized services:
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| Strategic philanthropy | |
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- Charitable trusts – remainder and lead
- Calculation of charitable deduction
- Calculation of required payout
- Monitoring of distributions
- Accounting for additions, where permitted
- Tracking deficiencies of Net Income Trust
- Private foundation
- Foundation set-up
- Determination and implementation of investment policy
- Recordkeeping
- Calculation of recent distributions
- Tax planning, preparation and filing of returns
- Regulatory filings
- Full back-office administration
- Donor-advised funds
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- Family governance consulting
- Family education
Business Advisory Services
Clients whose personal wealth is closely linked to a family-owned business may require integrated business and wealth management advice. Silver Bridge is skilled in creating solutions that meet both your personal and business needs:
- Long and short-term strategic planning
- Financial analysis and projections
- Succession planning
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PREPARING TO
TRANSITION A TRUST |
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A family with four generations of living members has a trust with more than $50 million in assets that will be distributed in the coming year.
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The trust will be distributed to over 12 beneficiaries, ranging in age from 18 to 70. The family needs help with:
- Re-aligning investments with a focus on tax efficiency. The trust is heavily concentrated in stock positions with substantial gains, necessitating professional tax management with the portfolio rebalancing and subsequent distributions.
- Transparent communication. Some of the beneficiaries have concerns about the process and involvement of other family members.
- Family education. Many of the beneficiaries have never managed wealth and need guidance for proper long-term planning.
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Silver Bridge began active management of the trust assets in order to transition the assets in the most tax-efficient manner possible. After consulting with family members regarding their short and long term priorities, Silver Bridge began rebalancing the trust portfolio to align with beneficiary goals, eliminating over-concentrated stock positions in the process.
Silver Bridge coordinated a family meeting with all beneficiaries to clearly explain its work, to outline next steps in the process, and to address any questions or concerns. As part of the family meeting, Silver Bridge provided each individual with a trust binder with important information about the trust structure, the investment strategy, and the expected future income and principal distributions.
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The trust is currently managed in closer alignment with the beneficiaries’ collective short and long term goals, and leverages a wider range of asset classes to meet those goals. The thoughtful transition included effective tax planning, which reduced the tax impact. Silver Bridge helped the beneficiaries attain a greater understanding of the trust assets, how they are managed and what their estimated income distributions are likely to be.
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