What We Do
Guidance after Losing a Spouse
Planning for Sale of Major Asset
Working Capital for New Company
A 62 year-old entrepreneur started a heath care consulting company. His $7,000,000 portfolio was at three firms. He had over $1,500,000 of capital gains and he was reluctant to sell these assets to fund the new venture. We advised he consolidate his accounts and utilize a $1,000,000 securities-backed credit line for working capital. The new company grew, and the credit line was increased to $3.6 million. Over the years, our team has secured over $90 million of securities backed credit lines for our clients.
College Education Legacy
Charitable Legacy & Lifetime Income
Rapid Liquidity after Hurricanes
Concentrated Stock Diversification
A 55 year-old corporate executive from Atlanta owned stock in his employer, a private package delivery company. When the company went public, over 85% of his $26 million net worth was concentrated in one stock. Over several years, we systematically sold his concentrated stock position to reduce his risk, and reinvested the sale proceeds in a diversified portfolio of stocks, bonds, and alternative investments. During the financial crisis, his concentrated stock position fell dramatically, but due to diversification efforts to reduce the single-stock risk, the executive’s portfolio was better protected.
Northern Couples Becoming Florida Residents
A retired couple from Wisconsin with a $6 million net worth was seeking the potential advantages of becoming Florida residents. We guided them as they implemented their lawyer’s advice to establish Florida residency. Originally, the couple had 26 accounts at 4 investment companies, with substantial duplication between the portfolios. The couple consolidated all their accounts with our team, reduced their 26 accounts to 7, and funded their new Florida revocable trusts in the process. By consolidating, they simplified their record-keeping, adopted a comprehensive investment strategy with quarterly monitoring, and reduced their annual advisory fee substantially. Over the last twenty-five years, dozens of Northern visitors and clients have consulted us about the advantages of Florida residency. We work collaboratively with a network of board certified Florida estate attorneys to help clients take advantage of Florida tax laws.
Second Marriage: ‘Yours, Mine, Ours’
An active 82 year-old widow and an 84 year-old widower fell in love, and were married. It was the second marriage for both. They wished to buy and remodel a new home together, but being conservative, they each wanted to sell their existing home first. After nearly a year with no progress selling their properties, we recommended a securities-backed line of credit for $1,000,000. The couple quickly bought their new home and began remodeling. A year later, the other two homes were sold and the line of credit was paid off.
Advisory services offered through Naples Wealth Planning, a state registered investment advisory firm. Price Wealth Management may only conduct business with residents of the states for which they are properly registered.