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 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 right 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.
Craig Beden is a registered representative of and offers securities, investment advisory and financial planning services through MML Investors Services, LLC, Member SIPC (www.sipc.org).
Beden Wealth Management is not a subsidiary or affiliate of MML Investors Services, LLC, or its affiliated companies.
1593 Spring Hill Road, Suite 500 E, Vienna, VA 22182. (703) 847-9660.
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.