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An Active Household

A working couple with a hectic household full of kids realized that what they really needed was a "financial team leader;" someone they could rely on to consolidate, oversee and manage their investments and keep them on track.

The couple had previously sought the advice of an estate attorney, their CPA, an insurance agent, and their various bankers and brokers in order to put together a financial plan. Once it was established, however, this couple didn't know what to do next and when.

When we met them, the couple had children in grade school and high school had accumulated $660,000 in savings in 7 different investment accounts at 4 different institutions. They realized they had little understanding of how their money as a whole was invested, if they were aptly diversified, what the overall return was on their investments and what return was even necessary to achieve the goals they had set for themselves.

Our first step was to consolidate their assets, and simplify their financial life, by combining a number of accounts at one institution. We provided them with a secure, online and individualized HCM portal to view all of their investment accounts.

We helped the family evaluate their current spending habits including:

  • Household and personal expenses
  • Auto loan and credit card payments
  • Private school tuition
  • Various insurance policy premiums

We worked with them to lay out their longer term goals with regard to college funding for their children and their own retirement targets.

We maintain contact information for their accountant, attorney and insurance agents and gathered all documentation into one location so we could review their filed tax returns, insurance needs, and estate documents in connection with continual planning reviews.

Having the entire spectrum of their financial picture reviewed by a professional wealth advisor brought them great peace of mind. They now had their "team leader," a clear picture of their investments, and a comprehensive plan for their future.

Contact HCM at 513.598.5120 to meet with one of our Wealth Advisor "team leaders."

This scenario is intended to illustrate services available at HCM and is not intended to be a testimonial or endorsement and is not intended to necessarily represent the experiences of other clients.