The core service of McGuire Wealth Management is investment portfolio advice and management – it is our number one focus.
We expend a great deal of time and energy individually managing each client’s investment portfolio. Each client undergoes a risk tolerance and investment objective assessment before adopting and implementing a personalized investment strategy and portfolio allocation. Our client portfolios are well diversified across market sectors and among industry groups, as well as over-weighted/under-weighted dependent on our short-term tactical market outlook and our long-term strategic market outlook. In primarily building portfolios of individual stocks, bonds, and ETFs, we see a unique benefit offered to our clients – they have investment clarity and know how their money is invested at all times.
We view wealth management as an ongoing and dynamic process, often updated and improved as client’s goals and needs change as life goes on.
Our process begins with analyzing a client’s big picture, incorporating outside assets, pensions, retirement plans, business real estate assets, social security streams of income, advanced concepts (human capital, risk capacity, etc.), and more, to formulate the most advantageous and personalized strategy. We primarily adhere to a goals-based planning approach, which means identifying both long and short-term financial goals as well as formulating investment objectives and risk tolerances, assessing the client’s current financial situation, developing an investment strategy designed to achieve those goals and individual needs, and adopting and implementing the investment plan – one that is continually monitored to keep our clients on track to hopefully achieve their personal investment goals.
We believe that sound financial advice and planning should be devoted to a client’s withdrawal strategy, and not only just the accumulation phase. As retirement nears, we give special attention to often neglected and missed opportunities such as asset location analyses, Medicare premium surcharge analyses, and investment account liquidation order and tax minimization strategies, and others.
Developing, implementing, and managing each client’s investment strategy often begins with a comprehensive wealth analysis.
A deep dive is performed to analyze net worth, liability and debt levels, insurance coverages, asset allocation and diversification, and many other important areas of a client’s “big picture.” Advanced integrated software is used to automatically monitor and update asset values, account investment allocations, and run probability analysis employing the use of Monte Carlo simulation algorithms. Our client wealth analysis is used as a tool to assist us in ongoing management, keeping risk tolerance and objectives aligned and up-to-date, identifying estate planning and tax planning opportunities, and more. Clients also rely on their analysis reports to monitor their overall financial status (via an available online portal or upon request), to assist with evaluation of personal goals, and to make adjustments accordingly.
Using our wealth analysis as a guide can provide often overlooked details that can help maximize and drive sound and effective estate planning and tax avoidance strategies.
MWM often assesses and analyzes the topics such as cost basis, asset location between revocable trusts, IRA and retirement plan beneficiary designations, Irrevocable and Special Needs Trusts, all with consideration to federal, and often times, state estate taxes. Potential cost basis step-up due to death, inherited and Roth IRA planning strategies, and many other topics are considered depending on each client’s unique and personal situation. MWM does not provide any legal, accounting or tax advice. Client should seek the counsel of a qualified accountant and/or attorney when necessary. MWM may assist clients with tax harvesting and will work with a client’s tax specialist to answer any questions related to the client’s account.
MWM is involved with many other planning and financial topics not listed above such as:
Please contact us for details.