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Client Case Studies

Creative
Entrepreneur

Freelance TV
& Film Writer

Technology
Professional

Real Estate
Investors

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.

Client Case Studies Able Wealth Management

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

We took a customized approach to Jane’s financial profile by having extensive meetings to understand her financial goals, objectives, and challenges. Together, we evaluated these factors with a holistic financial plan and determined the best ways to support her. We began by working out a budget that allowed her enough room to cover her essential expenses while still funding her savings goals. To help Jane overcome her financial challenges, we established a budget to track her income and expenses, set up automatic payments to her savings account once a month, and provided her with tailored investment advice that best fits her financial objectives. This put her investments on autopilot and enabled her to focus more on her work.

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

Our client is a freelance writer with two teenage children who recently sold their TV and film rights to their latest book for an upfront payment of $2,500,000 and the possibility of significant future earnings. With no prior financial plan in place, the client required guidance in developing a strategy for aggressive saving and investing, estate planning, establishing a business entity, and managing their newfound wealth.

Challenges

The client had no prior experience in managing a large sum of money and required guidance in developing a comprehensive financial plan. They also needed to establish a business entity to manage their future earnings and ensure proper tax planning. Additionally, the client required assistance in estate planning to ensure their assets were protected and passed down to their children in the most tax-efficient manner.

Strategy

Our financial planning firm worked with the client to develop a comprehensive financial plan that included aggressive saving and investing strategies, estate planning, and the establishment of a business entity. We also provided guidance on tax planning and worked with the client’s legal team to ensure all necessary legal documents were in place. To ensure the client’s future earnings were managed properly, we recommended establishing a limited liability company (LLC) and worked with the client’s legal team to draft the necessary documents. We also provided guidance on tax planning and worked with the client’s accountant to ensure proper tax reporting. For estate planning, we recommended establishing a trust to protect the client’s assets and ensure they were passed down to their children in the most tax-efficient manner. We worked with the client’s legal team to draft the necessary documents and ensure proper implementation.

Results

With our guidance, the client was able to establish a comprehensive financial plan that included aggressive saving and investing strategies, estate planning, and the establishment of a business entity. They were also able to manage their future earnings properly and ensure proper tax planning. The client’s assets were protected and passed down to their children in the most tax-efficient manner, and they were able to establish a business entity that allowed them to manage their future earnings properly. Overall, the client was able to achieve financial security and peace of mind knowing their finances were properly managed.

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

We began our engagement with John by conducting an in-depth analysis of his financial circumstances and objectives, which allowed us to develop a customized financial plan encompassing investment strategy, tax and estate planning, philanthropic goals, and more. In collaboration with a tax expert, we crafted a stock option selling strategy tailored to John’s unique financial goals, including his anticipated inheritance and upcoming wedding expenses, aiming to achieve substantial gains while mitigating tax liabilities. We recommended that John continue contributing to his Roth 401k while exploring additional tax-efficient savings strategies such as backdoor Roth contributions and Health Savings Accounts (HSAs) to effectively manage his retirement savings while maximizing his long-term growth potential. Additionally, we advised John to establish an emergency fund covering at least six months of living expenses, ensuring financial security during unforeseen events without liquidating other assets. We also devised a plan to incorporate John’s anticipated inheritance into his overall financial strategy, identifying the most tax-efficient methods to allocate these funds across his investments and retirement accounts. Finally, we implemented a comprehensive estate plan incorporating GRATs and CRUTs to minimize estate taxes, establishing a trust and coordinating all aspects of the plan, including financial management, asset allocation, and tax planning, tailored to John’s specific objectives, ensuring the intelligent and effective transfer of his wealth to his heirs.

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.

If you’re ready to take control of your financial future, we’re here to help.
Make the first step towards achieving your financial goals by reaching out to us today
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