MANAGED ACCOUNTS REPORTING

WHATEVER YOUR DREAM, YOUR PASSION, YOUR PURPOSE - WE MAKE IT HAPPEN.

CLIENTS VALUE WHAT WE DO

We create pathways to help our clients achieve their potential for a life well lived. Learn about our solutions for the unique challenges faced by our clients.

VALUE DRIVEN RESULTS: DIVERSIFICATION

Background: With over 50% of their entire net worth in one company, the Family desired a more stable and diverse portfolio

Solution: We advised the family on the various options to diversify their holding. When the family decided on a “block sale” strategy, Legacy Bridge interviewed several Wall Street brokerage firms and negotiated the terms of the sale.

 
  • Work with your attorneys, CPAs and insurance agents to oversee legal, business and family finances.
  • Maintain, update and store all documents in a secure electronic vault, accessible to you anytime, anyplace. This includes, wills, trusts, tax returns, legal business documents, real estate titles, and more.
  • Evaluate, track and coordinate all insurance policies to ensure adequate protection without redundancy.
  • Aggregate and organize all tax documents to provide seamless collaboration with CPAs.
  • Coordinate family professional service providers and resources to manage tasks and require accountability.

Results: 

  1. Saved the family over $500,000 in Wall Street consulting fees;
  2. Created a diversified portfolio with less volatility due to diversification across multiple asset classifications;
  3. Eliminated reliance of wealth in a single company; and
  4. Added liquidity to family wealth.

Update: From the date of diversification through November of 2020, the per share price of the concentrated holding dropped over 78%.  Had the Family not diversified, their net worth would have dramatically decreased.  Meanwhile, the Family’s new diversified portfolio appreciated in value.

These results are not typical of all clients.  Investment performance is not guaranteed. Portfolios will increase and decrease with market and economic conditions.

VALUE DRIVEN RESULTS: ASSET PROTECTION

Background: Focused on protecting assets from future creditors and/or unexpected marital changes, a family requested assistance from Legacy Bridge to explore possible strategies, perform due diligence and present solutions.

Solution: Legacy Bridge gathered information from attorneys, potential trustees and multiple experts in the field. Various solutions were presented, including extending the termination date of several irrevocable trusts or the use of Asset Protection Trusts. Upon review of the solutions identified by Legacy Bridge, the family decided to utilize the Asset Protection Trust Strategy.

  • Work with your attorneys, CPAs and insurance agents to oversee legal, business and family finances.
  • Maintain, update and store all documents in a secure electronic vault, accessible to you anytime, anyplace. This includes, wills, trusts, tax returns, legal business documents, real estate titles, and more.
  • Evaluate, track and coordinate all insurance policies to ensure adequate protection without redundancy.
  • Aggregate and organize all tax documents to provide seamless collaboration with CPAs.
  • Coordinate family professional service providers and resources to manage tasks and require accountability.

Results: 

  1. Research and due diligence completed on behalf of family which provided valuable expertise in one consolidated process;
  2. Working with the family members, engaged an attorney to draft the Asset Protection Trusts and coordinate its creation and funding; and 
  3. The family, in collaboration with their attorneys and Legacy Bridge, was able to protect approximately 70% of their wealth.

 

These results may not be typical of all clients.

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MANAGED ACCOUNTS REPORTING