Since 1984 as a wealth manager Craig has served attorneys and high net worth families across the USA
Beden Wealth Management offers a broad array of financial services for its clients throughout the country.
* as of 12/31/2021
Beden Wealth Management for the Exceptionally Successful
We provide financial planning and sophisticated wealth and investment
management services for attorneys and other high-income professionals, as
well as those in need of clarity surrounding their wealth. We work with our
clients to help them reach their goals, organize their financial lives, and
optimize their wealth through platinum level service and support.
For 30 years, we have served the unique needs of attorneys. Over the course of a legal career, many generate substantial income; however, ultimate long-term wealth accumulation and financial security depends equally on habits and how wealth is managed. We have been able to help deliver a comprehensive, holistic approach to the needs of attorneys and their families. We work to impact all areas of an attorney’s financial life through planning, investment management strategies, and overall wealth management to provide solutions to a variety of complexities and issues.
High Income Professionals
Our practice has been designed to assist in managing the financial lives and legacies of smart, busy people. We know that making money is quite different than managing money. Many of our clients are extremely successful at making money but that often does not leave a lot of time to be an expert in personal money management. We work with those professionals who are interested in delegating the management of their wealth to specialists.
Through introductions from our current clients, we also have served many widows helping them understand their wealth and plan for their financial future. We know that when an individual becomes suddenly single, it is critically important to have a team of trusted advocates that can help to get your financial house in order. We assist widows with planning and managing their financial affairs.
That may include:
Evaluating your personal and household expenses
Determining where your money is and organizing it
Helping make smart (not hasty) moves with your money
Making recommendations based on your best interests
Coordinating a team of experts for you
Delivering objective investment and financial advice
Educating you on all of the elements of your financial life
A Specialization in High Net Worth Clients
Craig has spent his career serving attorneys, lobbyists, entrepreneurs, business owners, and surviving spouses. He understands your particular set of challenges, such as how to plan around the vesting schedules of equity compensation or how to gain tax benefits from charitable planning.
A Smaller Firm with Personalized Attention
Beden Wealth Management is not a large financial corporation. Craig and his expert team devote greater resources to a smaller client list. This allows you access to the personalized attention needed to integrate your many assets and help grow your high-wealth portfolio.
Larger financial firms are often only able to offer one-size-fits-all solutions, but your goals are not one-size-fits-all. They're unique, which is why you've been successful. Success requires detailed care and the ability to reinvent and strategize. Beden Wealth designs customized wealth management opportunities for each individual client.
A Goal-Oriented Outlook
As an affluent professional, you will likely have a goal-oriented outlook on life, and keep your eye on the prize. Craig and his team share your vision for meeting life's challenges head-on and concentrating on developing innovative investment strategies that consistently yield results.
An In-House Compliance Department
The entire staff at Beden Wealth Management is dedicated to ensuring compliance with all federal and state laws, rules, and regulations surrounding investments and estate planning. Each member of Craig's team is committed to integrity in their role every day. The proof is in their resulting excellent record of compliance.
An Unsurpassed Focus on
Equity Compensation Planning
Many executive-level clients have non-cash compensation assets in their portfolios, such as company stock and equity options. Craig has set the bar in the field of equity compensation planning and focuses on how to design strategies to help develop the growth potential of these assets, including concentrated stock
or non-qualified stock.
"My mission is to use my insight and experience to help my clients uncover their life’s goals,
and design a path to reach them, through our wealth management planning."
You have a busy professional career. That’s a lot of responsibility and can leave you with little time to care for your own financial health. Over the years, your assets may become scattered across many different accounts, making them difficult to effectively manage. This is called a “financial junk drawer,” i.e. a disorganized portfolio of miscellaneous investments that are not optimized to develop into their full potential. If this sounds familiar, you may need an integrated wealth management strategy tailored to meet your comprehensive financial goals. Regardless of which investment phase you are focused on, Craig can help devise the appropriate investment strategy for you, whether you’re in the accumulation phase, still furthering your executive-level career, or you’re enjoying your retirement. He can also advise you on the distribution of your estate, giving you and your family financial confidence
WEALTH MANAGEMENT SOLUTIONS TO HELP YOU GROW YOUR ASSETS:
Equity Compensation Planning (ECP)
Equity compensation is non-cash payment that represents ownership in a business, such as restricted stock or performance shares. Many executives receive equity compensation, which has its own unique set of rules and tax laws. Equity compensation planning can be notoriously difficult, leaving clients with unanswered questions such as: “What should I do if I’m still within the vesting period?” or “How can I lower my stock’s level of risk?” Craig and his team specialize in ECP and can help you diversify out of that asset concentration in a tax-efficient way to help to lower your risk and grow your wealth. Using a managed money approach, he can advise you on how to help optimize your equity compensation assets including incentive stock options (ISOs), non-qualified stock options (NQSOs), or restricted stock units (RSUs).
Charitable Gift Planning
One of the greatest joys of being successful is the ability to use your assets to help make the world a better place. With charitable gift planning, you can invest your money to potentially produce higher returns which can then be donated to charity, supporting the causes you love not only throughout your lifetime, but also after you're gone. Craig's charitable gift planning strategies are designed to fit your personal interests and goals for benefiting NGOs while helping to maximize potential tax benefits.
Social Security Analysis
In the flurry of balancing so many other financial priorities, executives and entrepreneurs sometimes overlook the need to optimize their Social Security benefits. Through an analysis of your Social Security benefits, Craig can help provide information on when and how to collect retiree, spousal survivor, divorcee, parent, child, or disability benefits.
Integrated Asset Allocation
Asset allocation is one of the most important decisions you can make. It's a wealth investment strategy that seeks to mitigate risk and increase returns by allocating a portfolio’s assets according to an individual’s specific long-term goals. Integral to effectively managing your money, Craig can shift your asset allocations depending on market conditions to help generate more consistent returns with less overall portfolio risk.
Asset allocation does not guarantee a profit or protect against loss in declining markets. There is no guarantee that a diversified portfolio will outperform a non-diversified portfolio or that diversification among asset classes will reduce risk.
Another important decision you need to make is what to do with your assets after you die. Knowing the fruit of your life’s work will be secure when you are gone can be a great relief, allowing you to enjoy your hard work well into retirement without worry. Craig and his team can advise you on how to plan for your estate while minimizing gift, estate, generation-skipping transfer, and income taxes. And, he can help you with distribution planning, i.e. what happens to your assets after both you and your spouse are deceased.
Estate Planning services are provided working in conjunction with your Estate Planning Attorney, Tax Attorney and/or CPA. Consult them for specific advice on legal and tax matters.
Having a written financial plan that is reviewed and updated regularly is one of the best strategies for reaching financial success.
We work with our clients to help them set measurable goals, create a plan of action for reaching those goals, evaluate and make smart financial decisions, and maintain good financial habits along the way.
* Financial plan recommendations can be implemented with the advisor of your choosing. Implementation of specific products or services may result in commissions or fees outside of the financial plan fee. Periodic reviews of your financial plan may require a new planning agreement and result in additional fees.
Financial Planning with Craig Beden means that these and other financial needs unique to your profession are considered as part of your overall strategy.
We Plan With You To Help You Meet Your Goals
Setting measurable goals
Understanding the effect of your financial decisions
Emphasis on continual communication*
Constant vigilance about your particular circumstances
The FIVE STAR Wealth Manager Award is granted by Five Star Professional, an independent marketing firm. This award is not indicative of future performance and is based on nominations by industry professionals in a given market area and objective criteria including favorable regulatory and complaint history, reviews conducted by the firm, retention rates, and client assets.
Forbes Best in State: To review the full research methodology click here. To learn more about the Financial Times 400 Top Financial Advisers click here.
The Washingtonian Top Financial Adviser was awarded 2/25/2022 based on calendar year 2021 criteria.