SPECIALTIES
FINANCIAL PLANNING DESIGNED SPECIFICALLY FOR YOUR UNIQUE SITUATION
ENTREPRENEURS
FINANCIAL PLANNING FOR THE ENTREPRENEUR
Owning and running a business is no small matter. As an entrepreneur your business is more than just a job, it is your life, your passion and your future. We know we are Entrepreneurs ourselves.
As an entrepreneur your personal and business lives often intersect. Setting up your individual, corporate, partnerships, trusts, and estates to integrate in the most beneficial way is complicated. We understand and appreciate the personal financial issues keep entrepreneurs up at night and interrupt their focus on their companies during the day.
For many entrepreneurs, their most valuable asset is their closely held business or company stock. For business owners, we can assist in recommending appropriate retirement plans and corporate structures to help maximize EBITDA ( Earnings before Interest, Taxes, Depreciation and Amortization). In addition, we analyze transition and liquidation options to help you attain an optimal after tax return.
For clients that have concentrated positions in company stock, we help them diversify through a variety of recognized techniques. Additionally, NUA (Net Unrealized Appreciation), charitable gifting, and other repositioning strategies may be utilized.
Our services include:
- Diversification of concentrated positions in company stock through recognized techniques.
- Repositioning strategies such as NUA (Net Unrealized Appreciation), charitable gifting, and others may be utilized.
- Alignment of business strategy with personal life and financial goals, encompassing tax planning, succession planning, business valuation, equity transfer and business succession.
- Cash flow management: Supporting and sustaining both business and personal spending needs, as well as cash for opportunistic purchases.
- Business Planning: Including planning for new investors, partners, or successors.
- Benefit Programs: 401(k) plans, non-qualified retirement plans and insurance benefits.
- Risk management and Risk Protection: Insight into insurance products, hedging strategies and diversification.
- Asset allocation and ongoing investment management advice
- Retirement plan design and selection
- Estate planning
We work with our clients to develop and monitor a long-term financial plan designed for their unique needs. so they can get back to the business of building their companies.
ENTERTAINERS
SPECIALIZED PLANNING FOR ENTERTAINERS & ARTISTS
Unlike most investors whose income steadily increases over time, no one knows when an artist will have a breakout hit song, TV Show, best seller or blockbuster movie. The world of entertainment is filled with opportunities and pitfalls. That is why it is vital for entertainers to have a seasoned independent financial advisor who can help with every aspect of their financial and estate planning needs.
We offer a full range of financial, wealth planning, and lifestyle management services to artist, musicians, actors, directors, writers, producers, and others in the entertainment industry. We work closely with your agents, attorneys, business managers, accountants, and related professionals, coordinating your financial life.
We help entertainers who have become wealthy, remain wealthy, and leave a legacy.
We will implement a spending plan, a financial plan, a retirement plan and an estate plan all in concert with your values and make sure your fully understand what you are invested in. We help guide successful entertainers and those who may just be starting out. Whether you are a seasoned celebrity or beginning your entertainment career, we realize your need for an advisor who understands how to deal with sudden wealth and sometimes a sudden loss of income. Together we develop a plan that will aim to meet your immediate needs as well as prepare you for tomorrow.
Our services include:
Integrity, Objectivity and Experience are at the heart of our practice. Our goal is to provide you with the resources, expertise and professionals that will assist in putting your money to work in ways that allow you to enjoy your career and personal goals today and to provide a stable financial base for you and your family tomorrow.
Confidentiality and the protection of anonymity are a paramount. GCB mandates strict security requirements to protect confidential client information. In order to safeguard the security and confidentiality of client information we have implemented firewalls, antivirus software, security patches, restrictions of certain software, encryption of data, enhanced controls, logon and password management, as well as certification of any computer in use.
We realize the unique position of your talent and provide the personalized services that will keep you focused on the creative nature of your work.
SPECIALIZED PLANNING FOR ENTERTAINERS & ARTISTS
Unlike most investors whose income steadily increases over time, no one knows when an artist will have a breakout hit song, TV Show, best seller or blockbuster movie. The world of entertainment is filled with opportunities and pitfalls. That is why it is vital for entertainers to have a seasoned independent financial advisor who can help with every aspect of their financial and estate planning needs.
We offer a full range of financial, wealth planning, and lifestyle management services to artist, musicians, actors, directors, writers, producers, and others in the entertainment industry. We work closely with your agents, attorneys, business managers, accountants, and related professionals, coordinating your financial life.
We help entertainers who have become wealthy, remain wealthy, and leave a legacy.
We will implement a spending plan, a financial plan, a retirement plan and an estate plan all in concert with your values and make sure your fully understand what you are invested in. We help guide successful entertainers and those who may just be starting out. Whether you are a seasoned celebrity or beginning your entertainment career, we realize your need for an advisor who understands how to deal with sudden wealth and sometimes a sudden loss of income. Together we develop a plan that will aim to meet your immediate needs as well as prepare you for tomorrow.
Our services include:
- Income and asset protection
- Estate & Trusts planning
- Cash flow management
- Long term financial planning
- Retirement and pension planning
- Charitable giving & Foundation creation
- College tuition and debt planning
Integrity, Objectivity and Experience are at the heart of our practice. Our goal is to provide you with the resources, expertise and professionals that will assist in putting your money to work in ways that allow you to enjoy your career and personal goals today and to provide a stable financial base for you and your family tomorrow.
Confidentiality and the protection of anonymity are a paramount. GCB mandates strict security requirements to protect confidential client information. In order to safeguard the security and confidentiality of client information we have implemented firewalls, antivirus software, security patches, restrictions of certain software, encryption of data, enhanced controls, logon and password management, as well as certification of any computer in use.
We realize the unique position of your talent and provide the personalized services that will keep you focused on the creative nature of your work.
EXECUTIVES
Executive Financial Planning
As a corporate executives you are very busy. Every day you face the challenge of balancing your work commitments and your personal responsibilities. Sometimes personal issues have to take a back seat to business priorities, however, when personal financial matters arise, avoiding decisions can have serious consequences.
At GCB, we provide senior executives with personal financial planning. As we develop, implement, and monitor their financial plans, we free the executives to concentrate on their jobs. These executives rely on us to provide objective advice about how they can structure their personal finances for long-term security. We relieve them of the day-to-day burden of managing their financial affairs, as well as looking down the road at major issues they might need to confront in the future.
Our financial planning process revolves around you. We begin with a careful review of all the issues that an you, as an executive, might be facing. These challenges could include:
As a corporate executives you are very busy. Every day you face the challenge of balancing your work commitments and your personal responsibilities. Sometimes personal issues have to take a back seat to business priorities, however, when personal financial matters arise, avoiding decisions can have serious consequences.
At GCB, we provide senior executives with personal financial planning. As we develop, implement, and monitor their financial plans, we free the executives to concentrate on their jobs. These executives rely on us to provide objective advice about how they can structure their personal finances for long-term security. We relieve them of the day-to-day burden of managing their financial affairs, as well as looking down the road at major issues they might need to confront in the future.
Our financial planning process revolves around you. We begin with a careful review of all the issues that an you, as an executive, might be facing. These challenges could include:
- A personal financial plan designed to meet their current and future goals and objectives, including complete retirement planning.
- A review of future education costs and funding opportunities for families with children who are still being educated.
- Executive compensation package optimization, including recommendations regarding stock options, qualified and non-qualified savings plans, restricted stock, deferred compensation, etc.
- Estate planning, including strategies for gifts, tax reduction, and the use of trusts.
- A confidentail review of your current and anticipated family finances and cash flow.
- A complete investment portfolio review that include strategies to manage stock or stock options grants & concentrated portfolio positions
- We will work with tax your advisors to manage financial issues that arise from deferred compensation, Alternative Minimum Tax, capital gains, and bonuses.
SUDDENLY SINGLE
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Divorce Planning
When divorce becomes unavoidable for a couple, there are many issues to be addressed, not the least of which is doing the necessary financial planning for the division of assets. This can involve various investment and asset transfer related transactions that will result from the break-up of the marriage. The primary goal of divorce planning is to help both spouses with financial issues such as asset transfers and changes in beneficiaries on accounts and insurance policies in order to reflect the shift in marital status. When there are children involved, divorce planning may also include the allocation of income to or from each spouse for the care and needs of the couple’s children, with consideration for possible disparities in the spouses’ financial situations. What Is Involved in Divorce Planning?
If you are going through this difficult time in your life, Contact us to see how we can put together a plan that will aim to get your where you need to be. |
Widow Planning
While no one likes to think about the prospect of losing a beloved spouse, planning for widowhood is an important part of a couple’s financial plan. This type of planning involves ensuring that a new widow (or widower) will not be left without financial support following the death of the higher-earning spouse. The primary goal of widow planning is to ensure that the surviving spouse is able to support their current lifestyle immediately following the death of the spouse. The funds or assets that are received are generally intended for the widow’s immediate needs and will help in preventing her from any financial hardship during the time of the administration of the deceased spouse’s estate. What Is Involved in Widow Planning? Widow planning involves determining the necessary amount and arranging for the dispersal of assets or other funds from a decedent’s estate. These funds are typically available for the period of one year. The amount of funds that are allowed for the widow are usually based on both the size of the overall estate as well as the established requirements for the standard of living for that surviving spouse, although the amount of the allowance may also be decided by a court of law. If you have a high net worth and leave a large estate upon your death, then the widow’s allowance will likely be larger than if you had only a small amount of assets in the estate. Contact us to see how we can develop a strategy intended to help ensure that your spouse has enough financial resources during this difficult time. |
ATTORNEYS AND CPA's
Fiduciary Planning for Fiduciaries
You’re a Fiduciary and so are we. GCB Private Wealth has a fiduciary responsibility for our clients, just like you. We are required and honored to put our client’s interests ahead of our own. We like working with professionals who live by the same high standards.
You’re motivated to succeed. We understand the pressures of leading a busy professional life and taking care of clients with complex needs. We do the same thing. Our goal is to help you pursue your goals—personally and professionally—by removing your questions about how to structure your financial future.
We can help. While your focused on your career, you don’t have time to work on all the details of your finances. We can help you find answers to these tough questions, and more:
As your financial partner we will develop and monitor a long-term, comprehensive financial plan designed for your unique needs. With security that your financial future is on the right track, you can turn your attention to your clients and growing your practice.
You’re a Fiduciary and so are we. GCB Private Wealth has a fiduciary responsibility for our clients, just like you. We are required and honored to put our client’s interests ahead of our own. We like working with professionals who live by the same high standards.
You’re motivated to succeed. We understand the pressures of leading a busy professional life and taking care of clients with complex needs. We do the same thing. Our goal is to help you pursue your goals—personally and professionally—by removing your questions about how to structure your financial future.
We can help. While your focused on your career, you don’t have time to work on all the details of your finances. We can help you find answers to these tough questions, and more:
- What are your primary financial goals? Are you on track to reach them?
- Are you over-leveraged financially?
- Are you saving enough for retirement?
- Are you maximizing your use of your firm’s benefits programs?
- Do you have the proper types of health, life, disability, and long-term care insurance, and are you carrying the proper amounts?
As your financial partner we will develop and monitor a long-term, comprehensive financial plan designed for your unique needs. With security that your financial future is on the right track, you can turn your attention to your clients and growing your practice.