By Michael Gold, CFP®, MBA
Your finances don’t exist in a bubble, but that’s often how general financial advice or financial professionals treat your money. You are told what to do with your investments, but how does that affect your taxes? Someone sells you insurance, but is it the right amount you need to safeguard your wealth? Somewhere along the line, you set up a will, but is your estate plan up to date? How do all these financial components you currently have in place tie into your overall financial goals? Piecemeal financial advice and services can result in gaps, redundancies, and cost inefficiencies that can hurt you down the road.
To help avoid potential mistakes and oversights is why Gold Family Wealth exists. Our proactive wealth management approach and family office-style services give you a comprehensive financial plan that addresses every aspect of your financial life so you can sleep better at night.
To be the most trusted advisor in the wealth management business, our goal is that our clients feel like we are part of their family, that they know they can always rely on us, and that we are always looking out for their best interest. When our clients have difficult and important decisions to make, our guidance and advice serves them in making smart, well-informed decisions about their money to help them to achieve their financial goals.
Why is this our mission? People must make many critical decisions when it comes to their money and overall financial well-being. Each day they get a little closer to retirement, some without any sort of retirement accumulation plan in place; their children get a day older with education funding no closer to being achieved; their parents get a day older, perhaps some with ailing health, their long-term care needs unmet, and estate plans out of date. Every day people become uninsurable, or at the very least find that life, disability, and long-term care insurance are more expensive than if they had acted sooner. Every day some new lives begin and some old lives end, altering the financial needs of a family or a household. The likelihood of a family or household knowing how to address all these critical issues and changing needs on their own is close to nonexistent.
Our mission to be the most trusted advisor in the wealth management business is so our clients know they have a team in place they can truly count on, to give them stability, to be their rock, to be their lighthouse in the storm that guides them to shore. Ultimately, to help connect all the dots and make sense of it all so our clients don’t have to spend hours worrying about it.
Our process starts with you and your life. You won’t find any cookie-cutter financial plans here!
We take time to get to know you, to learn what your goals are, to gain a deep understanding of what is important to you and what keeps you up at night. Next, we meticulously evaluate every aspect of your financial situation to determine if it is aligned with your stated goals. This part of the process helps identify potential problem areas such as gaps, redundancies, or cost inefficiencies, as well as opportunities that may have been overlooked so you can make your goals a reality even faster.
Next, we strategically leverage our professional team and our network—experts in taxes, portfolio management, insurance, retirement, and estate law. The solutions that can result from this type of coordination and integrated planning help bring clarity and cohesion to all the moving parts of your financial life.
Last but certainly not least, once your plan is implemented, regular progress and refinement is critical to your success. Since everyone’s life is in a constant state of flux, changes in your world could mean your plan may become outdated or no longer in alignment with your goals. You will need to act, and we are here to provide guidance, counsel, and advice to help you address new challenges and re-align your plan with your goals when the landscape in your life shifts.
While we serve a wide range of clients, most are self-employed business owners and/or corporate executives within 10-15 years of retirement. They all have something in common: they are overwhelmed by taxes, preparing for retirement, managing investments, running their businesses or professional careers, taking care of their families, and they all desire the guidance of a financial professional they can trust and rely on. Our clients work hard for their wealth and are humble, family-oriented people who want to ensure their money lasts, not just for themselves but for future generations and worthy causes. They know they only have one shot to get this part of their life right, and they want to avoid making mistakes by doing it on their own or settling for a sub-par option.
We do things differently, and it shows. Most people feel confused after meeting with their financial or wealth advisor, unsure about what is happening with their money. Our clients appreciate that we help break everything down in “plain English,” ensuring they have a clear understanding regarding their wealth. We continuously search for ways to add value to our clients’ lives in order to enhance and improve every facet of their financial world.
If your financial life needs our personalized touch, we can help you optimize your finances so you can live with focus and certainty. Email me at firstname.lastname@example.org, call (800) 303-2533, or schedule an appointment online to request an initial consultation today!
Michael Gold is the founder, president, and CEO of Gold Family Wealth, an independent wealth management boutique, and named one of the Top 100 People in Finance. Michael has 20 years of experience in the financial industry and has a bachelor’s degree in business and economics from the State University of New York College at Oneonta, an MBA from NYU Stern School of Business, specializing in Quantitative Finance and Leadership, and his CERTIFIED FINANCIAL PLANNER™ (CFP®) credential. He serves business owners and entrepreneurs by stress-testing their financial plan to identify red flags and missed opportunities. Michael strategically outsources professional experts from various fields, such as tax, insurance, retirement and trust, and estate law to collaborate on potential solutions to help position his clients to achieve their desired goals.
Michael currently lives in Westport, CT. When he’s not working, you can find him spending time with his wife, Giselle, their three children, Sebastian, Aria, and Pierce, and their dog, Charly. To learn more about Michael, connect with him on LinkedIn.
Stress Testing: Are you 100 percent sure everything in your financial and wealth plans will deliver as promised?