Attorneys
Attorneys work with Elevation Wealth Partners because we:
Have many clients who are attorneys.
We understand your motivations and financial trajectory. Like you, we make recommendations based on evidence. We are straight shooters who will always tell you what we think, which is not always what you want to hear. Our job is to give you the best advice possible to accomplish your financial goals.
Save you time.
You are busy. We know your free time is very limited. We manage your investments efficiently and according to your financial plan, freeing you up to pursue your other interests in what little downtime you have.
Are easy to work with.
Want to meet over Zoom? Great. In your office? Our office? That works for us too. On the field while your kid is warming up for their soccer game. Sure.
Are a Fiduciary, fee-only firm.
We are legally obligated to do what’s best for you. By the way, not all wealth managers are Fiduciaries. Our fee is based on the value of your investment portfolio that we manage and covers full wealth management services, including financial planning and investment management.
Have more than 20 years of experience.
We are skilled in working with individuals who have complex finances, developing a financial plan, finding ways to reduce taxes, making smart investment decisions, and planning for retirement and succession.
Partner Wealth and assets accumulate quickly. Along with this period of high earning comes the transition to equity partner. After a few years, Partners accumulate more income and need to focus on present and future priorities, including maximizing income and tax efficiency while minimizing financial risks and safeguarding against unplanned liabilities. They tend to prioritize savings for retirement, the education of their children, and sometimes a second home and charitable giving.
- Engage a CPA to estimate/adjust quarterly tax payments
- Revise your financial plan, asset allocation, and investment strategy; optimize for tax efficiency.
- Establish insurance and charitable giving plans
- Begin defining what retirement looks like to you
Sr. Associates accumulate debts such as mortgage and car payments alongside their growing assets. As their families expand, they consider saving for higher education, life and disability insurance, and estate planning. They should also think about protecting their family from unplanned circumstances while also saving for retirement.
- Establish a tax-efficient investment strategy
- Invest in a 529 college savings plan if you plan to have children
- Create an estate plan
Associates juggle making good and forward-looking financial decisions while often logging 80+ hour weeks. They need to determine the best way to pay off any law school debt, decide between wants and needs, make financial decisions such as saving for a home and balance partnership track obligations. Developing solid financial habits are an important first step in realizing their financial dreams.
- Save for retirement
- Create a financial plan to help organize your savings and spending, taking into account any loans you need to pay off and building an emergency fund
Retirees have made the leap from earning to drawing down on assets. They learn how to balance their newfound free time alongside their new financial reality. Thoughtful planning since their Associate years gives them the freedom to enjoy retirement and the opportunities that it presents. Retirees should pay close attention to the most tax-efficient way to spend income and how much spending they can do to support their retirement. Savvy retirees rely on their wealth manager to rebalance their portfolio to manage risk given that they no longer add to their principal.
- Estimate and understand your retirement income, assets, and expenses
- Reallocate your portfolio as you transition to living from your assets
- Determine the most tax-efficient way to draw down your assets and take Social Security payments
- Update your estate plan, including tax-efficient gifting strategies to your heirs and your causes
Let’s Talk
Are you ready to get started?
Click below or call 925-962-5600 and let us know how we can be of service.
