{"id":990,"date":"2023-07-17T20:39:45","date_gmt":"2023-07-17T20:39:45","guid":{"rendered":"https:\/\/scottmarsh.com\/?page_id=990"},"modified":"2023-07-18T15:04:47","modified_gmt":"2023-07-18T15:04:47","slug":"how-affluent-families-can-benefit-from-comprehensive-wealth-financial-advisors","status":"publish","type":"page","link":"https:\/\/scottmarsh.com\/how-affluent-families-can-benefit-from-comprehensive-wealth-financial-advisors\/","title":{"rendered":"How Affluent Families Can Benefit from Comprehensive Wealth Financial Advisors"},"content":{"rendered":"

[vc_row][vc_column][vc_column_text]Wealth financial advisors harness the power of technology and innovation to create value for our clients. At Scott Marsh Financial, we use education, innovation, resourcefulness, and strategic thinking to develop a comprehensive wealth management strategy for reaching your financial goals.<\/p>\r\n\r\n

In fact, we have been doing this for over 30 years, becoming an industry leader in the process. Utilizing a family office approach, we provide a wide range of solutions, from investment management to financial planning to education, to help you minimize risks and increase returns.<\/p>\r\n\r\n

In the sections that follow, we explain how the services we provide can potentially lower your taxes, grow your wealth, safeguard your retirement savings, and much more.<\/p>\r\n

[\/vc_column_text][\/vc_column][\/vc_row][vc_row][vc_column]

\r\n\r\n
\r\n
\r\n
\r\n \r\n
Chapter 1<\/div>\r\n

Wealth Management Is an Investment in Growth<\/h3>\r\n <\/a>\r\n <\/div>\r\n
\r\n \r\n
Chapter 2<\/div>\r\n

Proactive Tax Strategies are Essential to Innovative Financial Planning<\/h3>\r\n <\/a>\r\n <\/div>\r\n
\r\n \r\n
Chapter 3<\/div>\r\n

Increased Wealth & Income Mean Increased Tax Liability<\/h3>\r\n <\/a>\r\n <\/div>\r\n
\r\n \r\n
Chapter 4<\/div>\r\n

Generational Prosperity in a Trusted Family Office<\/h3>\r\n <\/a>\r\n <\/div>\r\n
\r\n \r\n
Chapter 5<\/div>\r\n

Additional Advantages<\/h3>\r\n <\/a>\r\n <\/div>\r\n
\r\n \r\n
Chapter 6<\/div>\r\n

The Power of Spontaneous Financial Accumulation<\/h3>\r\n <\/a>\r\n <\/div>\r\n
\r\n \r\n
Chapter 7<\/div>\r\n

Innovative Research to Inform Your Decisions<\/h3>\r\n <\/a>\r\n <\/div>\r\n
\r\n \r\n
Chapter 8<\/div>\r\n

Identify Your Financial Biases<\/h3>\r\n <\/a>\r\n <\/div>\r\n
\r\n \r\n
Chapter 9<\/div>\r\n

Maximizing Savings for Affluent Families<\/h3>\r\n <\/a>\r\n <\/div>\r\n
\r\n \r\n
Chapter 10<\/div>\r\n

Retirement and Estate Planning You Can Trust<\/h3>\r\n <\/a>\r\n <\/div>\r\n
\r\n \r\n
Chapter 11<\/div>\r\n

Optimize Your Legacy<\/h3>\r\n <\/a>\r\n <\/div>\r\n <\/div>\r\n <\/section>\r\n\r\n
\r\n
\r\n
\r\n
Chapter 1<\/div>\r\n

Wealth Management Is an Investment in Growth<\/h3>\r\n <\/header>\r\n

\"WealthFinancial planning is an essential part of any successful business. Those who provide wealth management and financial planning services to financially independent clients must know how to develop a comprehensive strategy that meets their needs. At the same time, our approach is not just about money; it’s also about helping people with all aspects of their financial lives.<\/span><\/p>\n

Doing this successfully takes more than simply having knowledge about various investments or retirement plans. It requires an understanding of human nature and how people react when faced with risk, uncertainty, or loss. In other words, wealth managers need emotional intelligence as well as knowledge about finance in order to help their clients achieve their goals.<\/span><\/p>\n

Perhaps most importantly, they need to be reliable and trustworthy. That is why Scott Marsh Financial is <\/span>a fiduciary firm<\/a><\/strong>: We are committed to putting your best financial interests ahead of our own <\/span>at all times,<\/span><\/i> even if doing so were to cost us money of our own. Hiring an experienced fiduciary wealth manager, in simple terms, is an investment in growing your nest egg.\u00a0<\/span><\/p>\n

However, for best results, it should involve a financial advisor willing to invest their services in your financial well-being comprehensively. In other words, you need someone who can simultaneously utilize money-saving and profit-generating possibilities\u2014not just for your business or in planning your retirement, but\u2014in multiple areas of your financial life.\u00a0<\/span>
\nFor example, strategically planning how you pay for taxes (often called \u201ctax planning\u201d in the financial industry) is an area with the potential to beneficially impact nearly everything you do that involves money.\u00a0<\/span><\/p>\n<\/div>\r\n <\/section>\r\n

\r\n
\r\n
Chapter 2<\/div>\r\n

Proactive Tax Strategies are Essential to Innovative Financial Planning<\/h3>\r\n <\/header>\r\n

\"TaxWhen it comes to investments, most people want higher returns. This is half of the entire point of Wall Street.\u00a0<\/span><\/p>\n

Granted, neither of the two statements above is likely to be news to you. <\/span>However,<\/span><\/i> you might be surprised to learn one of the most likely strategies for potentially increasing your ROI. Believe it or not, the best way to get higher returns from your portfolio is not through an amazing stock-picking strategy.\u00a0<\/span><\/p>\n

At times, the best way to go about it is through strategic tax planning to minimize how much you have to pay. If you think about it from a purely mathematical perspective, there is no such thing as a free lunch when it comes to taxation. The government will get its share one way or another.\u00a0<\/span><\/p>\n

We cannot opt out of taxes, but the law <\/span>does<\/span><\/i> allow us to choose how\u2014and within limits, when\u2014we pay them. This is what can make taking a long-term approach, planning out how you will pay them over multiple years, such an advantage. A proactive tax strategy is essential for any affluent individual or family\u2019s financial plan\u2014because, over time, it helps ensure that your wealth grows faster than your tax liability (the amount you owe) increases.\u00a0<\/span><\/p>\n

In fact, a smart tax strategy, in turn, can increase the value of your portfolio. When it is done with expertise, tax planning should reduce your exposure to capital gains <\/span>and<\/span><\/i> increase the amount of money you have on hand for investment. This seldom happens overnight, even for the affluent, but given the right wealth manager and a little patience, it is likely.\u00a0<\/span><\/p>\n

We maximize the value of our high-impact tax savings strategies by providing all your tax planning and compliance services in-house. This is part of what we mean by the term \u201cfamily office\u201d (which is soon explained further in the section \u201cGenerational Prosperity in a Trusted Family Office\u201d).\u00a0<\/span><\/p>\n<\/div>\r\n <\/section>\r\n

\r\n
\r\n
Chapter 3<\/div>\r\n

Increased Wealth & Income Mean Increased Tax Liability<\/h3>\r\n <\/header>\r\n

\"FinancialBefore concluding this section on the benefits of our tax planning strategies for high-income earners, we need to emphasize a point that may be of particular importance to you: As your wealth and income increase, your choices increase, but <\/span>so does your potential tax liability<\/i><\/a>.<\/i>\u00a0<\/i><\/a><\/strong><\/p>\n

If you don\u2019t believe that, ask Warren Buffett or Bill Gates (both of whom have said they paid more in taxes than they did in philanthropy). Tax planning is a complex process that requires expertise in accounting, estate planning, and financial planning. It also requires knowledge of U.S. tax law\u2014with regard to how it applies to both individuals and business owners.\u00a0<\/span><\/p>\n

Not many accountants understand how to design and implement proactive tax plans that require multiple resources and complex strategies coordinated across different service providers, either. That is why Scott Marsh Financial\u2019s business model is that of a family office.<\/span><\/p>\n<\/div>\r\n <\/section>\r\n

\r\n
\r\n
Chapter 4<\/div>\r\n

Generational Prosperity in a Trusted Family Office<\/h3>\r\n <\/header>\r\n

\"GenerationalA family office is a private wealth management advisory firm, often one serving the needs of the highest net-worth investors. Sometimes it also serves as the corporate headquarters for members of wealthy families who manage their own financial affairs independently from their businesses, foundations, and other investments.<\/span><\/p>\n

On one hand, it is essentially a small private bank catering to you or your family\u2019s needs by serving as an umbrella organization for your assets. On the other, it is also much more, providing comprehensive services in areas such as accounting, investment advising, and tax planning.\u00a0<\/span><\/p>\n

The advantages of working with a family office include:<\/span><\/p>\n