FINANCIAL MANAGEMENT
FINANCIAL MANAGEMENT
Whether the client needs day to day money management such as receiving income or paying bills or more complex needs such as investment or property asset management, Private Client works to build a financial plan that incorporates its expertise from staff or outside professionals to ensure consideration of budget, investment return, risk, taxation, and estate planning. We are able to serve the client in a number of fiduciary capacities to ensure their wishes and prior planning are honored.
EXAMPLES OF FINANCIAL MANAGEMENT SERVICES:
- Understand client’s objectives and create a budget and financial plan to support those objectives
- Secure, monitor and manage assets
- Discover, identify, evaluate, and document assets and liabilities
- Understand income sources and coordinate with the payors
- Manage and pay liabilities as appropriate
- Coordinate with attorneys, accountants, other professionals, to execute on client objectives
- Store, transfer, liquidate, sell, or dispose of assets as needed
- Communicate updates to clients on their finances
- Ensure adherence to reporting requirements and deadlines
Disclaimer: As a fiduciary, Private Client Fiduciary is called upon to make decisions regarding investments and approve an investment plan (often called an investment policy statement). However, Private Client Fiduciary is not a licensed or registered investment advisor or financial planner, nor does it receive compensation by investing assets or providing investment advisory services. Rather, Private Client Fiduciary consults with and relies upon the advice of investment professionals to invest assets.