High Net Worth Client Services
High-Net Worth Client Services
How we Serve High Net Worth Clients
At Millington Financial Advisors, we form deep client relationships to gain individual perspectives on what financial goals and concerns are most important to them. With that understanding, we develop a personalized strategy aimed at aligning their resources with their long-term objectives. We strive to offer attentive service and informed guidance to help clients make confident financial decisions.
Build and Maintain Personal Financial Statements
It's hard to keep your head in the game if you don't know the score. We have CERTIFIED FINANCIAL PLANNERS™ building and maintaining clear and precise views of your net worth and long-term projected cash flows. Having this clear view keeps decisions in perspective. This perspective can support better-informed decisions aligned with evolving goals. We draw upon our experience to provide and execute recommendations for addressing changing financial goals.
Portfolio Construction and Reporting
We believe there are unique opportunities and risks available in every market. We extensively research the characteristics of each market environment and assemble portfolios aligned with each client's investment goals and risk tolerance. We help guide clients through all market cycles while maintaining an approach emphasizing discipline through changing conditions, including regular performance reporting and evaluations.
We frequently assemble and present customized reporting, connecting client portfolios to the market. We identify and implement recommended changes to adjust for opportunities and risks that shift over time.
Tax Planning and Preparation
For our high net worth clients, we provide tax preparation services. We typically meet with our clients several times a year and become intimately involved in their material financial decisions. We are uniquely positioned to advise before, during, and after taxable events take place. This affords us the opportunity to avoid having transactions and recommendations getting lost in translation.
Understanding how and where you invest can have a significant impact on your tax liability. As Registered Investment Advisors and Certified Public Accountants, we are uniquely positioned to design and implement well-diversified, tax-efficient portfolios. Involving experienced professionals in both the creation and management of your portfolio can add meaningful long-term value.
Risk Management
We help our high net worth clients identify the risks in their financial picture and the options they have to mitigate those risks. Our risk analysis presents the costs associated with transferring risks compared to the exposure associated with retaining risk. When risk litigation exposure is present we will implement techniques to position investments into acounts with reduced litigation exposure.
Legacy Planning
High net worth clients are faced with a number of legacy planning challenges; estate tax exposure, protecting your estate from spendthrift heirs, and ensuring the distribution of your estate is done based on your wishes rather than via a court's decision. We work with clients to ensure accounts are properly titled, beneficiaries are maintained, and provide recommendations for the effective use of trusts and wills.
Our goal is to help reduce administrative complexity for loved ones.