I was chatting with a colleague recently when she asked me an interesting question: What wealth management services best fit the unique needs of high-earning corporate executives? I could only speak from the experiences I’ve had serving executives over the course of my career.
When top-level executives approach our firm, I often find there are a few common underlying factors they want to address. They want to know how to best leverage their equity compensation plan (many times in the form of stock options). They want to know how to donate money and other funds to the charitable organization of their choice. Lastly, they want to know, without a shadow of a doubt, where and how their wealth will be distributed when they pass away, effectively planning their legacy.
Therefore, the three main wealth management services that directly impact high-earning executives are: equity compensation planning, charitable gift planning, and estate planning. These are the essential services any corporate executive needs from a trusted financial advisor. Here’s a look at those services in more detail.
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