At Able Wealth Management, we take great pride in the positive impact our financial planning and investment advisory services have on our clients’ lives. Our success stories, showcased through in-depth case studies, highlight our unwavering commitment to helping clients achieve their financial goals.
Each case study examines the client’s initial financial situation, challenges faced, and desired goals. We then delve into the tailored strategies and solutions implemented, the outcomes, and the progress made toward achieving the client’s objectives. These case studies serve as a valuable resource for understanding our approach and the benefits of partnering with us.
Profile
Jane, a 35-year-old highly successful graphic designer in the advertising industry, had long felt she was missing out on opportunities to grow her wealth due to her busy schedule. She sought the assistance of a financial planner to help her plan and prioritize her financial goals.
Challenges
Jane’s primary challenge was the difficulty in planning her finances while juggling her frequent projects and deadlines. Due to the inconsistencies in her income, she struggled to keep tabs on her finances effectively. She also needed someone to help guide her on investments and financial planning and provide her with the keen insights she wasn’t accustomed to receiving.
Strategy
Results
With our financial planning guidance, Jane now has a clear understanding of her financial health, allowing her to make more informed decisions, including investments. She has met her savings target, and her investment portfolio is performing exceptionally well, more than she had hoped for.
Our approach helped Jane save more money and provided a step-by-step guide on how Jane should invest her funds. With this guidance, Jane can rest assured that she is gradually growing her wealth, all while staying focused on her work.
Profile
Challenges
Strategy
Results
Profile
John, a 41-year-old professional residing in Los Angeles, approached our financial planning firm seeking expert advice on managing his finances, including his salary of $450,000, Non-Qualified Stock Option (NQSO) grants, and Incentive Stock Option (ISO) grants. With a net worth of $1,000,000 and maximum contributions to his Roth 401k, John sought guidance on integrating an anticipated inheritance, estate planning, aggressive savings for future goals, and optimizing his stock options in light of an upcoming IPO.
Challenges
John’s financial situation presented several challenges, including optimizing his stock options, maximizing savings to achieve his financial goals, and planning for an anticipated inheritance. Furthermore, he needed to minimize estate taxes by strategically using GRATs and CRUTs while ensuring adequate funding for his wedding and future travel plans.
Strategy
Results
With our expertise, John achieved his financial goals through a long-term plan integrating tax-efficient stock option strategies and retirement savings, considering his anticipated inheritance and future financial aspirations, including early retirement and extensive travel.
The diversified investment portfolio we created for John yielded significant returns while maintaining an acceptable level of risk. Our estate planning recommendations ensured the tax-efficient transfer of John’s wealth to his heirs and enabled him to support his preferred charitable causes
Profile
Benjamin (48) and Miriam(44) are a married couple who have been investing in real estate for the past 10 years. They own several short-term rental properties in Miami and have successfully generated passive income from their investments. However, they are now looking to expand their portfolio and are seeking professional financial advice to help them achieve their goals.
Challenges
Benjamin and Miriam are facing several challenges in their real estate investment journey. They are looking to sell one of their properties to fund the purchase of a larger property, but they are concerned about the tax implications of the sale. They are also interested in exploring 1031 exchange opportunities to defer taxes on the sale of their property.
Strategy
We identified a 1031 exchange opportunity for John and Jane. They helped them identify a like-kind property to exchange for the property they were selling, which allowed them to defer taxes on the sale.
Additionally, we also recommended an Opportunity Zone Fund to defer long-term capital gains from the sale of another property. This allowed John and Jane to invest in a designated Opportunity Zone, which provided them with tax benefits and helped them achieve their investment goals.
Results
We were able to work with Benjamin and Miriam’s CPA to successfully navigate the complex tax laws surrounding real estate investments. They were able to sell their property and invest in a larger property without incurring significant tax liabilities. The 1031 Exchange and Opportunity Zone Fund helped them achieve their investment goals and expand their real estate portfolio.