Inheritor
When you inherit wealth, it’s not unusual to experience varied and conflicting emotions. You may gain a sense of well-being from your new financial security, or excitement about possibilities that were previously out of reach. However, new wealth also brings the added responsibility and pressure of making smart financial decisions, and this is where Colorado Capital Management can help.
We can give you the personal guidance necessary to help protect and grow your inheritance while also relieving you of the burden of day-to-day management.
- Received a $1.5 million distribution from a trust
- Recently married and expecting a first child
- Frustrated by current brokerage firm
- Portfolio only consisted of two mutual funds with aggressive holdings and falling market values
Case Study:
Laura, Young Inheritor
After Laura’s inheritance was distributed, she was frustrated by the lack of attention she received from the big Wall Street brokerage firm her parents had been using. This lack of attention was evident when analyzing her $1,500,000 portfolio, which consisted of only two mutual funds. Both funds had very aggressive – even speculative – holdings, high fees and rapidly falling market values. Not surprisingly, Laura was struggling with how to properly manage and invest her inheritance and plan for her family’s long-term financial security.
Financial Planning & Investment Needs
- An investment strategy that matched her goals and values
- Long-term financial projections to help her understand what her new wealth meant in terms of lifestyle and security
- Advice on buying a home, starting a new business, minimizing taxes and putting away money for future college expenses
The Solution
Laura and her husband interviewed several firms, but chose Colorado Capital Management (CCM) based on our track record and reputation, our service offerings, and their comfort level with our people and our approach. We worked with Laura to help her answer all of her key financial questions, including:
- “Should I sell now, or wait and hope the share price goes back up?”
- “Are these good investments for me?”
- “What should I be doing about saving for my child’s college education?”
- “I want to start a business. How should the business be worked into the overall plan?”
Once these questions were answered, we came up with a comprehensive wealth management strategy that was designed to meet both her family’s current and long-term financial needs.
How Can Colorado Capital Management Help You?
If you’ve received an inheritance and could benefit from the wealth management expertise that we provide for clients like Laura, please contact Colorado Capital Management today.
