Brown Brothers Harriman’s Post

“The ‘holistic’ approach to financial planning has gained a foothold in the wealth management industry in recent years. While on the surface, ‘holistic’ is arguably just a modern-day buzzword, the notion of considering all aspects of a person and their individual circumstances has always been important for RIAs. Extending your offerings beyond traditional investment advisory expertise and taking the bigger picture into account allows you to deepen existing relationships by getting to know clients on a more personal level.” Keep reading in this Financial Advisor Magazine by CMO Hannah Shaw Grove >> https://hubs.li/Q02GLtv80 #wealthmanagement #philtech #advisors

“If you are thinking about expanding your practice to offer broader and deeper support to your clients, your timing couldn’t be better. A new year is the perfect time to freshen your approach and introduce different topics, tools and resources that can add dimensions to your role as a wealth advisor.” - Hannah Shaw Grove Keep reading in this Financial Advisor Magazine article >> https://hubs.li/Q02cTjtb0

In our latest article, we explore how families can avoid the "strategy trap" in wealth management, where strategies focused solely on asset growth and tax reduction may overlook long-term goals. Discover how Lake Street Advisors helps families align their wealth management with deeper purposes, aiming to achieve financial security, family unity, and philanthropic impact. Read the full article to learn how to create a balanced approach to generational wealth. #WealthManagement #GenerationalWealth #FinancialPlanning

As a wealth advisor, you can recommend donor-advised funds to your clients as part of their financial portfolios. How do you know if your clients are good candidates for donor-advised funds? Here are some considerations: https://lnkd.in/dfsVQuyQ

Very interesting article from FA Mag, detailing the "profound gaps between the services that financial advisors believe they’re offering and what investors perceive they’re getting." An overwhelming majority of investors want investment management, tax planning, estate planning, wealth protection, and charitable planning from advisors, and a similar majority of advisors claim to offer these services. However, only 24.8% of clients report receiving tax planning, , 22.5% say their advisor does estate planning, 6% say they get charitable planning, and just 7.5% claim to benefit from their advisor utilizing robust strategies to shield their wealth. These massive gaps are concerning. They suggest advisors often are not providing holistic services in the way consumers demand. Clients who are less then satisfied with the services their advisor provides should have a candid conversation with their FAs, or consider moving their money to someone who can truly meet, actually exceed, their needs. #wealthmanagement #financialadvisor #taxplanning #estateplanning #charitableplanning https://loom.ly/JSIEPYw

Check out my recent blog post!

Please find our link to our December "Holiday" edition of "Not Your ORDinary Newsletter" entitled "Winter Wonderland" Season’s Greetings Everyone! What a difference a month can make. November kept its crown as the best performing month for stocks on the calendar (as discussed in our last newsletter), and investors are feeling a sense of relief after the 3-month correction that preceded it.  As we close in on the end of 2023, we thought we’d look at what this recent rally in the markets could mean for markets going forward, and sprinkle in a bit of commentary on the Canadian economy. To help illustrate our points, we’ll get into the festive spirit and borrow a few lines from the classic, “Winter Wonderland”. We’re sure to be hearing it a bunch over the next few weeks ’TIS THE SEASON OF GIVING The holiday season is a time of giving, and the time of year when the most donations to charity occur. We thought this was an ideal time to introduce The RBC Charitable Gift Program. To those who may not know about it, The RBC Charitable Gift Program provides many of the same advantages as a private foundation—without the upfront costs, complexities, and ongoing administration responsibilities #ordprivatewealthmanagement #portfoliomanagement #investing #giving #charitablegiving https://lnkd.in/gquFmEzW

Drawing down from your accounts to fund your lifestyle in a tax efficient manner can have a big impact on the effectiveness of your wealth management plan.

Curious about how one of the world's most successful investors plans to distribute his wealth? This WSJ article gives us a preview of Warren Buffett's will, shedding light on his thoughtful approach to legacy planning. Planning for the future is crucial, and having a comprehensive will is just the beginning. We're here to help you create a personalized estate plan that reflects your values and secures your family's future. Don't leave your legacy to chance. Let's discuss how to effectively plan for tomorrow, today. Schedule a consultation with us and take control of your financial future. #EstatePlanning #WarrenBuffet #FinancialPlanning #WealthManagement #LegacyPlanning

Curious about how one of the world's most successful investors plans to distribute his wealth? This WSJ article gives us a preview of Warren Buffett's will, shedding light on his thoughtful approach to legacy planning. Planning for the future is crucial, and having a comprehensive will is just the beginning. We're here to help you create a personalized estate plan that reflects your values and secures your family's future. Don't leave your legacy to chance. Let's discuss how to effectively plan for tomorrow, today. Schedule a consultation with us and take control of your financial future. #EstatePlanning #WarrenBuffet #FinancialPlanning #WealthManagement #LegacyPlanning