Individuals and Families

At GPS Wealth Management. we specialize in family financial planning, recognizing that managing finances is a deeply personal process, especially when it involves working towards family financial goals for current and future generations. Each family faces distinct financial challenges and goals. Whether you’re planning for a child’s education, building a retirement fund, or working to secure wealth for
future generations, our customized strategies are designed to meet your specific needs with the goal of ensuring your family’s financial stability. We are committed to providing comprehensive guidance, empowering you with the knowledge and resources needed to make informed decisions and help secure a prosperous future for your loved ones.

Family Wealth & Investment Management Strategies

We begin our relationship by thoroughly assessing your current financial situation and understanding your investment goals. Our team employs a thorough wealth management process that includes:

• Portfolio Management: We design and manage a diversified portfolio tailored to your risk tolerance and financial goals. By monitoring and adjusting your investments, we strive to optimize returns while managing risks effectively.¹
• Asset Allocation: Strategic asset allocation plays a crucial role in your family investment plan by balancing risk and return effectively. Our advisors specialize in strategic asset allocation, tailoring your family’s portfolio to balance risk and return while reflecting your unique investment priorities and long-term financial aspirations.²
• Performance Analysis: Regular performance reviews allow us to assess the effectiveness of your investment strategy and make necessary adjustments. This helps to check that your portfolio remains aligned with your evolving financial goals.

Legacy Planning for Family Financial Goals

Effective family financial planning extends beyond managing current assets-it includes preparing for future generations and creating a legacy of financial security. Our experienced family financial advisors specialize in creating comprehensive plans that work towards wealth preservation and smooth transitions across generations. Our multi-generation and legacy planning services include:

• Structured Family Governance: We help families establish governance structures that define roles, responsibilities, and decision­ making processes. This promotes harmony and ensures that family values and vision are upheld through generations.
• Trusts: Trusts are powerful tools for managing assets. We assist in setting up various types of trusts, such as revocable and irrevocable trusts, that suit your specific needs and objectives.³
• Estate Planning: Our estate planning services help to make sure that your wishes are carried out and that your family is provided for in the future.

Wealth Transfer

Efficient wealth transfer is essential for minimizing tax burdens and ensuring a smooth transition of your legacy. We develop strategies to facilitate this process by:

• Estate and Gift Tax Planning: Navigating the complexities of estate and gift tax laws can be challenging. Our advisors can provide knowledgeable guidance on minimizing tax liabilities through strategic planning and the use of gifting strategies.
• Succession Planning: For families with businesses, succession planning is crucial. We help you create a plan that ensures the seamless transition of your business to the next generation or new owners.
• Charitable Giving: Incorporating philanthropy into your wealth transfer strategy can provide significant tax benefits while supporting causes you care about. We assist in establishing charitable trusts and foundations that reflect your philanthropic goals.

Retirement Planning

Planning for retirement is a critical aspect of financial management. Our retirement planning services are designed to help work towards a
comfortable and happy retirement. We assist with:

• Retirement Income Strategies: We create personalized retirement income strategies to help your family maintain financial independence. By optimizing sources like Social Security, pensions, and investment accounts, we strive to ensure you enjoy a secure and comfortable retirement lifestyle.
• Tax-Efficient Withdrawals: Minimizing taxes on retirement income can work toward enhancing your financial stability. We provide strategies for tax-efficient withdrawals from retirement accounts.

Education Funding

Education funding is a key component of many family financial plans, reflecting the importance of securing bright futures for children and grandchildren. Whether establishing donor-advised funds or charitable trusts. we help align your giving with your family’s values and financial goals. Our education funding services include:

• 529 Plans: We help you establish and manage 529 plans. which can offer tax advantages for saving for education expenses.⁴
• Custodial Accounts: Custodial accounts can be a flexible way to save for education. We provide guidance on setting up and managing these accounts.
• Financial Aid Planning: We offer advice on maximizing financial aid opportunities to reduce the overall cost of education.

Philanthropic Planning

Incorporating philanthropy into your family financial planning not only supports meaningful causes but can also offer potential tax benefits. Our philanthropic planning services include:

• Charitable Trusts: We assist in setting up charitable trusts that align with your philanthropic goals and provide tax advantages.
• Donor-Advised Funds: Donor-advised funds offer a flexible way to manage your charitable giving. We provide guidance on
• Planned Giving: Planned giving strategies, such as bequests and charitable annuities, can be integrated into your estate plan to support your favorite causes.

Stages of Financial Planning

Building a strong financial foundation starts with a clear. step-by-step process. At GPS Wealth Management, our proven approach was developed to ensure your family’s unique financial goats are addressed at every stage.