Financial Planning for
Inherited Wealth
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 the pressure of making the kind of wise financial decisions in which Colorado Capital Management specializes.
Our experienced money managers can give you the personal guidance and independent investment advice necessary to help protect and potentially grow your inheritance while also relieving you of the burden of day-to-day management.
After Josh received the distribution of his inheritance, he was frustrated by the lack of attention he received from the Wall Street brokerage firm his parents had used. The firm’s indifference became evident when Josh discerned his $2,000,000 portfolio consisted of a handful of individual stocks and very expensive, underperforming mutual funds, high fees and rapidly falling market values. Not surprisingly, Josh was struggling with how to properly manage and invest his inheritance and plan for his family’s long-term financial security.
- Received $2 million distribution from a trust
- Recently married and expecting first child
- Frustrated by current brokerage firm
- Portfolio only consisted of a handful of individual stocks and very expensive, underperforming mutual funds
- Develop diversified and risk appropriate investment strategy to protect and manage his inheritance
- Assistance moving assets to new custodian
- College education planning for child
- Comprehensive financial planning, including retirement projections, insurance reviews, tax and estate planning
Colorado Capital Management’s outstanding credentials and reputation help to attract many inheritors like Josh. Our three services—investments, planning and impact—are typically well-suited to their needs, while our people and our approach are a generally a good fit as well.
We worked with Josh and his wife to help answer all of their key financial questions, including:
- Should I sell now, or wait and hope the share price goes back up?
- Are these good investments for us?
- What should we be doing about saving for our child’s college education?
- I want to start a business. How should the business be worked into the overall plan?
After answering these questions, we came up with a comprehensive wealth management strategy that was designed to meet both their family’s current and long-term financial needs.
These are fictional client picture and profiles that provide case studies that represent unique individual situations and outcomes that have been presented to CCM. Examples are for illustrative purposes only and may not necessarily be replicated.
