"Wealth management" is hard to define. It looks radically different from one family to the next, and covers a wide array of services that – while distinct to an extent – can also overlap with one another and change depending on the circumstances.
So it's a little bit artificial to try and describe what we do as if there's a menu of different products or packages to choose from. Good financial planning doesn't really work that way.
That said, we find that most of our work breaks down into four main areas of impact:
Good financial planning obviously requires that you be smart about your saving and investing – but how you spend is just as important. We make customized, dynamic income plans for our clients, keeping an eye on all their resources and ensuring those resources are spent (and saved) as efficiently as possible.
We are all expected to pay our fair share of taxes – but Wiegand clients don’t overpay the IRS! We make a point of getting a crystal-clear picture of your tax liability, and then do our best to reduce it through methods such as charitable giving, Roth conversions, timely income distributions and many more.
Not a single client of Wiegand Financial Group has ever had to come out of retirement because he or she ran out of money. Backed by decades of experience and research, we ensure that you make the most of your retirement by making the most of your resources – pensions, portfolios, Social Security, etc.
There are many factors to consider if you expect your wealth to outlive you, like estate and gift taxes, charitable giving, or the transferability of your savings. Fortunately, such questions are much easier to navigate with a knowledgeable financial advisor on board.