Our team preserves longstanding relationships with our clients and their families. We are always happy to have a conversation to see whether we might be a good fit for your wealth management needs. Prospective clients must be comfortable delegating the investment management function and providing us with the context and perspective we need to advise and invest according to their best interests.

Accumulation Phase

Wealth management during accumulation

Clients in the accumulation phase are often simultaneously building a business or managing a career, paying for childcare or private school education, saving for college, accumulating wealth, and saving for retirement. Wealth management can help bring clarity to your balance sheet, facilitate ease of decision-making and ensure that your assets are structured to facilitate your goals.

Investment management is the foundation of our business and we take full responsibility for the day to-day management of assets held at Baird. We work with after-tax assets if they are investable long term, and we consolidate former employer retirement plans, IRAs, Roths, 529 plans and custodial accounts here. We also advise on how to invest current employer retirement plans which have to stay with the employer’s custodian.

We analyze your balance sheet and cash flow to help bring clarity to the big picture and we include business interests, trusts, real estate and potential inflows and expenses in our analysis. We help you prioritize which accounts to fund, decide which accounts to access for spending needs, and align spending and saving with your goals.

We evaluate your existing insurance policies and advise on how much and which types of insurance are advisable.

Saving for college is best done in a diversified manner to gain some long-term tax benefit but retain some flexibility and control. We walk through account options including 529 plans and custodial accounts. We advise on account setup, funding and contributions and we manage the accounts in accordance with the beneficiary’s age.

Retirement planning in the accumulation phase focuses on contributions, income tax deductions and asset allocation. We consolidate retirement pieces and work with your tax return preparer to determine how much to contribute, which accounts to utilize, and how to allocate assets across different plans.

Estate planning is something that needs to be done correctly – but usually only once, until wealth or family structure changes significantly. We explain how estate tax regimes and a current estate plan works and make sure that your beneficiary designations at Baird and away are correct.

We are a sounding board. If a client sells a business, changes employers, loses a parent or has a child, we’re here to discuss how these events affect their finances. Our advice focuses on structural simplicity and we have a strong bias towards retaining client control and minimizing client risk. We ask our clients to keep us informed – our role is to listen, educate and advise.

We are there for the long haul. We work with three generations of many of our longstanding clients. As clients accumulate assets, we have the expertise to meet evolving wealth management needs.

Established Investors

Wealth management for established assets

Clients who have accumulated assets are often focused on how to protect, preserve, title and structure assets. Wealth management can help ensure that your assets are safe, positioned for conservative growth, and structured to facilitate your goals.

We help protect and grow assets in a conservative manner. We review asset allocation, asset titling and asset structuring and make recommendations to enhance efficiency and security. We evaluate your existing insurance policies and advise on how much and which types of insurance to enhance, eliminate or obtain.

Investment management is the foundation of our business and we manage assets on a discretionary basis. We work with trustees, tax advisors and attorneys to ensure that our decisions are consistent with a client’s tax obligations and opportunities and estate plan.

We look at the big picture. We develop familiarity with a client’s balance sheet as a whole to help bring clarity to the big picture and ensure that our management decisions reflect the balance sheet realities and goals. We include business interests, trusts, family partnerships, real estate and potential inflows and expenses in our analysis.

We help plan for retirement by evaluating retirement plan asset levels, asset allocation and time horizon. We consolidate retirement pieces and work with your tax return preparer to determine how to manage contributions and distributions, timing, cash flow and tax liability.

Legacy planning involves intra-family and charitable giving and work during your lifetime. We can help facilitate intra-family loans and transfers within the framework of the federal gift and generation-skipping tax and within family partnerships or other vehicles used to transfer ownership to family members over time. We also advise on charitable giving vehicles, including charitable trusts, donor-advised funds and family foundations.

Estate planning is something that often needs to be reevaluated when clients reach a certain level of wealth. We explain how the estate tax environment and the current estate plan work and discuss structural changes that might facilitate disability planning and ease of estate administration. We also advise on asset titling, trust formation, trustee designation and asset location, and we make sure that beneficiary designations are correct for all non-probate assets.

We are a sounding board. If a client sells a business, experiences a change in family structure, inherits wealth or faces a long-term support issue with a child, we’re here to discuss how these situations affect the balance sheet. Our advice focuses on structural simplicity and we have a strong bias towards retaining client control and minimizing client risk.

We are there for the long haul. We work with three generations of many of our longstanding clients and have seen them through many market cycles. We have the expertise and experience to meet evolving wealth management needs.

Approaching Retirement

Wealth management approaching retirement

Making a transition from living on earned income to living on investment income requires care, forethought and planning expertise. Wealth management can help you navigate the retirement process, determine a sustainable budget, visualize how cash flow will work and ensure that your assets are structured to facilitate your lifestyle and estate planning goals over the long run.

We help plan for sustainable lifetime income. Even with a solid asset base, living on investment income can be challenging. We help figure out how much cash flow needs to be generated, choose which accounts to utilize during which time periods, and explore how market fluctuations and health concerns could affect lifestyle and asset base. We also discuss strategies such as timing of IRA distributions, Roth conversions, social security benefits and charitable IRA contributions and work with CPAs to determine the most cost-effective ways to access cash flow. Retirement planning is generally heavy in the years leading up to and during the transition to retirement. After the first year or two, the process usually feels more comfortable, and planning generally slows to an annual basis.

Investment Management is the foundation of our business. For clients approaching retirement, our portfolios are designed to generate sustainable income and mitigate volatility. We help consolidate former employer retirement plans, IRAs and Roth’s here at Baird and help manage required minimum distributions and annuity streams from assets held away. We also help guide decisions about pensions, including lump-sum or annuity distributions and single or joint life factors.

We analyze your balance sheet and include real estate, retained business assets, deferred compensation, and any other asset or liability in our analysis. We evaluate your existing insurance policies and advise on the necessity of maintaining policies through retirement. We help consolidate the pieces and bring clarity and simplicity to your overall picture.

Estate planning is something that often needs to be revised in the initial phase of retirement due to changes in family structure and assets. We explain how estate tax regimes and your current estate plan works and make sure that your beneficiary designations at Baird and away are correct.   We also work internally and with attorneys to ensure continuity of investment management and cash flow through potential disability and the passing of a family member.

We are a sounding board. Our advice focuses on structural simplicity and we have a strong bias towards retaining client control and minimizing client risk. We ask our clients to keep us informed – our role is to listen, educate and advise.

We are there for the long haul. We work with three generations of many of our longstanding clients. As clients progress through retirement, we have the expertise to meet evolving wealth management needs.

Liquidity Events

Wealth management for liquidity events

Wealth management can help bring clarity to your balance sheet, facilitate ease of decision-making and ensure that your assets are structured to facilitate your goals. For clients anticipating a liquidity event, wealth management can also entail working with tax and legal professionals to structure a transaction in a tax-efficient manner, prudently navigating the transition to different stage of wealth, and setting aside a certain percentage of your liquid assets to generate sustainable lifetime income.

Investment management is the foundation of our business and we take full responsibility for the day-to-day management of assets held at Baird. We work with after-tax assets if they are investable long term, store short-term cash in safe and liquid investments, and consolidate former employer retirement plans, IRAs, Roths, 529 plans and custodial accounts here. We also advise on how to invest current employer retirement plans which have to stay with the employer’s custodian.

A preservation focus. Liquidity events often lead to the desire to set aside some liquid assets to preserve their value and generate sustainable lifetime income. This enhances financial security and liquidity and serves to complement subsequent ventures. We help manage the process, coordinate with outside advisors, guide clients through determining how much to set aside and manage different accounts that we hold according to their different purposes and risk thresholds. We also facilitate favorable lending arrangements.

We analyze your balance sheet and cash flow to help bring clarity to the big picture and we include business interests, trusts, real estate and potential inflows and expenses in our analysis. We help you prioritize which accounts to fund, decide which accounts to access for spending needs, and align spending and saving with your goals. We evaluate your existing insurance policies and advise on how much and which types of insurance are advisable. We also recommend vendors.

Retirement planning involves analysis of contributions, income tax deductions and asset allocation. We consolidate retirement pieces and work with tax return preparers to determine which accounts to fund and how to allocate assets across different plans.

Estate planning usually needs to be updated once wealth changes significantly. We explain how estate tax regimes and a current estate plan works and make sure that beneficiary designations at Baird and away are correct. We also advise on current and future charitable giving.

We are there for the long haul. We work with three generations of many of our longstanding clients and have the expertise to meet evolving wealth management needs. Our advice focuses on structural simplicity and we have a strong bias towards retaining client control and minimizing client risk. We are a sounding board for the long term. We ask our clients to keep us informed – our role is to listen, educate and advise.

BAIRD HIGHLIGHTS