Client Situation: Joy recently went through the difficult process of losing her beloved mother. Her father is in the Philippines, and his health prevents him from returning to the States. At 38 years old, single, and without siblings, Joy is now responsible for all of the family’s financial decisions.

Investable Assets: Her investable assets include a 403(b) retirement plan with her work ($260k), an inherited IRA ($600k), a Trust account ($75k), and a Roth IRA ($12k).

Beacon Pointe Value Add:

We understand that every client has their own unique financial circumstances. Our goals in this case were:

• Education – Joy wanted to understand our approach and strategy. Through attending our Women’s Advisory Institute (WAI) lunches, she felt comfortable that we would take the time to get to know what was truly important to her.
• Financial Planning – We provided Joy with an action item checklist that has helped her organize her financial life.
• Portfolio Management – As an inexperienced investor, Joy was concerned about risk. Because we feature an investment platform with access to carefully researched portfolio managers focused on protecting capital in declining markets, Joy felt comfortable that her portfolio was designed with a margin of safety.

Goals:

• To organize her financial life after the passing of her mother
• To preserve and protect inherited assets
• Assist in managing her father’s assets with care
• Enough growth to keep pace with inflation

Beacon Pointe Action Items:

• Investment Strategy
  • Developed and implemented a customized investment plan tailored to Joy’s financial goals and objectives
• Get Financially Organized
  • eMoney Online Financial Planning Dashboard
    • Budgeting
    • Expense Tracking
  • Account Consolidation
  • Beneficiary Review
  • Insurance Policy Review
  • Evaluate Current Retirement Plan Savings
  • Financial Plan
• Father’s Affairs
  • Consolidation of father’s accounts and implementation of investment strategy

Step into your new role with confidence. Connect with one of our advisors to receive the guidance and support you need as your family’s financial decision-maker.

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Important Disclaimer: Case studies presented are hypothetical scenarios and intended for illustrative purposes only.  They do not represent an actual client or an actual client’s experience, but rather are meant to provide an example of Beacon Pointe’s process and methodology.  An individual’s experience may vary based on his or her circumstances. There can be no assurance that the Firm will be able to achieve similar results in comparable situations. No portion of this case study is to be interpreted as a testimonial or endorsement of the Firm’s investment advisory services, and there is no way for Beacon Pointe to ascertain whether the hypothetical client would have been satisfied with their results. The information contained herein should not be construed as personal investment advice. 

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