Meeting 1:
Goals
Discovery
Goals
Discovery
Meeting 2:
Data
Discover
Data
Discover
With this meeting, we will obtain a clear picture of your resources from an asset-based, time- and human capital perspective.
A mixed bag of old 401(k)s, inherited accounts and multiple money managers gets in the way of financial peace of mind. We will analyze and consolidate your assets, quantifying the resources available to meet your goals.
Meeting 3:
Change Recommendations for Your Financial Plan
Change Recommendations for Your Financial Plan
In our third meeting, we will envisioning Your Story, and complete your financial blueprint.
With the DNA of the plan based on your values and goals, we craft a narrative vision for your financial future, a numbers-based plan and a strategy to implement it. All of this will form the foundation for managing different chapters in your life, like launching or selling a business, buying a new home, transitioning into retirement or beginning a new career with ease.
These meetings might include investment recommendations where we will explore allocating your investments to meet your goals.
Your values and goals will always serve as the backbone of your investment structures. We start with our Investments 101 course, so you're clear on the basics surrounding defining stocks and bonds, and why we care about inflation, compound growth, asset location and asset allocation. We will then agree on the structure of your portfolio(s), so that assets are moving you more efficiently towards your long-term goals.
The objective of these meetings is to help you improve your Money Awareness. We will explore your weekly and monthly cash flow, and assess whether it aligns with your values and vision.
If you lack structure in you spending and saving habits, we help you implement a cash flow system to supports prioritization and communication. It will also be automatic and easy to maintain. Our aim is to help you feel confident to spend on pleasure today, while putting money aside for your future.
Working with our trusted colleagues and/or your established partners, we will coordinate your Financial Team and keep them invigorated around your vision. Your team members may include your tax advisor, bookkeeper, mortgage broker, realtor, banker, estate planning lawyer, insurance agent, favorite charities, or personal assistant.
We meet annually with your Certified Public Accountant, Enrolled Agent or Tax Preparer to outline a tax plan aligned with your short and long-term goals. We will integrate your financial planning and tax planning to work towards predictable outcomes.
Few things bring as much peace of mind as having the right financial mechanisms in place to protect your assets against anticipated and unexpected future events.
Working with your insurance provider, we will develop a plan to help you carry less stress around unexpected events such as disability, premature death, and caring for you and your family during elderhood. We will also clarify how much cash you should have for emergencies, medical deductibles, long-term care, and short-term unemployment.
One of the most significant gifts you can give your loved ones is clarity about what you want as you age and when you die. We will collaborate with your estate planning lawyer to review or implement Estate Documents (your will, powers of attorney, beneficiary designations, advanced directives and trusts) that articulate what you want and make it easier for your loved ones to carry out your wishes.
It’s imperative to draw a clear distinction between plenty and enough. Charitable giving can fund your most cherished beliefs, open a powerful conversation with your family about financial values, and be a practical aspect of your tax planning.
We help magnify your vision by collaborating with local philanthropic organizations. We explore whether annual giving, capital contributions, a donor advised fund or a family foundation could maximize your impact.
These meetings are all about monitoring your “Financial Vital Signs”.
We will meet twice a year to incorporate recent life changes into your plan, and to celebrate your progress. We will review your financial narrative, investments, cash flow, insurance, estate and charitable giving to make sure your financial life continues to reflect your deepest aspirations.
We’ve always got your back. We are your first point of contact when you’re making big financial decisions, whether it’s a new job, your child or grandchild’s acceptance to their dream school.
As you need support throughout the year we are available by phone or in-person and respond to email within two business days.
At Vida Private Wealth, our approach is to create tailored solutions that fit your specific goals and are in line with your values. There are many ways to approach investing with a social and environmental lens, including Environmental, Social, and Governance (ESG), Sustainability, Impact Investing, Socially Responsible Investing (SRI) and Philanthropy.
Quality and ESG factors mitigate risks and taxes by investing in great companies with sustainable businesses that can be held for the long-term, unlocking the power of compounding.
We leverage our traditional rigorous financial analysis to uncover opportunities in the public and private markets. Throughout this process, we give serious consideration to environmental and societal impact, as well as corporate governance considerations.
The investigation of the environmental factors includes looking into the sourcing of raw materials, manufacturing, and recycling. We do this because we believe in investing in sustainable supply chains that do not deplete natural resources. This is critical to business continuity.
Our analysis of social responsibility includes how the company relates to employees and customers. Low employee and client turnover are essential factors in building a robust and sustainable business.
Governance considerations include an evaluation of management integrity and accountability to investors. As a fiduciary, we seek company management teams that adhere to best practices. Other factors include gender equality and community engagement.
In addition to the investments we recommend, clients often have ideas for investments where we can provide expertise and analysis. We empower clients to align their mission and values with their investments.
Managing investments
Vida Private Wealth's independence as an investment advisory firm is a critical component of our open architecture platform, wherein we identify and select best-in-class third-party investment advisors. Our advice is driven by an independent analysis of opportunities in line with our clients' objectives, viewed within our long-term, global perspective.
Our investment research comes from some of the top investment firms such as Fidelity, Bank of New York Mellon, Raymond James, Merrill, and Credit Suisse.
Using this research, we design a custom investment portfolio that maximizes risk-adjusted, after-tax returns, and perpetuates the growth and transfer of your family's wealth for future generations.
Our holistic approach to investment management allows us to select investments unique to every client's individual goals without being pressured to fit clients into existing investment products.