Welcome to Lodestar Private Asset Management LLC.
Some financial advisors will prepare for you a financial and investment plan, invest your money, and review your financial affairs once a year. This describes a typical financial planning relationship, but is frankly inadequate. The best advisors monitor their clients' finances and life changes continually throughout the year, ready to advise and sometimes change course when situations warrant.
At Lodestar, we recognize that the most effective financial planning requires us to play a more pro-active role. Just because we've completed your financial model doesn't mean maximizing your investment returns is all that's left to do. The financial plan is just the beginning of an advisory process that continues to address all of your financial needs and concerns as they arise over the course of your lifetime. We balance your investment portfolio to your personal needs - our focus is not on seeking the highest possible investment returns because that would entail substantial, unacceptable risk. Instead, Lodestar serves as your personal financial advisor, measuring your success by your ability to achieve your financial goals, even as those might change with time and circumstances.
Included in our advisory process is the anticipation and resolution of financial choices as they arise. Financial decisions today are complex. Not only is each decision tricky in its own right, but each decision has consequent effects. For example:
Lodestar offers comprehensive Wealth Management and Financial Planning to a select set of high net worth clients as an important complementary service to our core Investment Management discipline. Wealth Management is the integration of Investment Management with Tax & Estate Planning, while adding an overlying perspective for Risk Management and desired Cash Flows. Our process and analysis integrates, coordinates and balances these sometimes competing interests so we can provide the most efficient and appropriate long-term guidance to our clients.
Financial Model. Every engagement begins with an advisor who listens carefully to you and helps organize your overall, long-term financial picture. We explore your financial situation and preferences, and help prioritize your short- and long-term goals. We then fashion a fully customized financial model for you, using excellent software that distills the complex down to graphics that are understandable. We continue to work with you to refine this model, and update it regularly to confirm you are "on track" with your long-term vision.
Achievements & Action List. Wealth Management clients have a wide range of issues to address beyond their investments - from estate planning to income taxes to mortgages to insurance to charitable planning and more. We help you stay on top of these matters with a simple chart that shows the tasks you have completed, along with the tasks you still have to work on. We help identify the most time-sensitive and important of these items, remind you how they fit into your overall plan and support you in completing them. The structure we provide, and the financial planning assistance you receive, can prove to be more valuable to you than even our best investment efforts.
Tax, Estate Planning and Insurance. Each Wealth Management client needs specialized professional expertise at some point. We facilitate that service by recommending other professionals, when needed, such as attorneys, CPAs and insurance agents. We work with them to fully address and implement your individual solution, so it is consistent with your long-term plan and your investment accounts. We are fortunate to have an estate planning attorney working out of our Alamo office, which makes it especially easy to resolve matters involving wills and trusts.
Most of our clients decide they need the comprehensive approach that our Wealth Management platform provides. Here is a checklist to help you see the differences between Investment Management and Wealth Management, and which might be right for you.
Ongoing Management. During and after the above planning steps, we regularly monitor your financial affairs to anticipate critical decisions and actions that must be taken. You can rest assured that your affairs are being watched over by an advisor who will alert you to external financial events that require adjustments to your plan.
Some financial advisors will prepare for you a financial and investment plan, invest your money, and review your financial affairs once a year. This describes a typical financial planning relationship, but is frankly inadequate. The best advisors monitor their clients' finances and life changes continually throughout the year, ready to advise and sometimes change course when situations warrant.
At Lodestar, we recognize that the most effective financial planning requires us to play a more pro-active role. Just because we've completed your financial model doesn't mean maximizing your investment returns is all that's left to do. The financial plan is just the beginning of an advisory process that continues to address all of your financial needs and concerns as they arise over the course of your lifetime. We balance your investment portfolio to your personal needs - our focus is not on seeking the highest possible investment returns because that would entail substantial, unacceptable risk. Instead, Lodestar serves as your personal financial advisor, measuring your success by your ability to achieve your financial goals, even as those might change with time and circumstances.
Included in our advisory process is the anticipation and resolution of financial choices as they arise. Financial decisions today are complex. Not only is each decision tricky in its own right, but each decision has consequent effects. For example:
- You need money for a car and decide not to finance it at the 4.5% rate offered by the manufacturer, but withdraw funds from your investments that trigger $20,000 in capital gains;
- You decide to pay off your home equity line of credit by taking a withdrawal from your Roth IRA;
- For estate planning purposes, you gift cash rather than appreciated securities to your children.
Lodestar offers comprehensive Wealth Management and Financial Planning to a select set of high net worth clients as an important complementary service to our core Investment Management discipline. Wealth Management is the integration of Investment Management with Tax & Estate Planning, while adding an overlying perspective for Risk Management and desired Cash Flows. Our process and analysis integrates, coordinates and balances these sometimes competing interests so we can provide the most efficient and appropriate long-term guidance to our clients.
Financial Model. Every engagement begins with an advisor who listens carefully to you and helps organize your overall, long-term financial picture. We explore your financial situation and preferences, and help prioritize your short- and long-term goals. We then fashion a fully customized financial model for you, using excellent software that distills the complex down to graphics that are understandable. We continue to work with you to refine this model, and update it regularly to confirm you are "on track" with your long-term vision.
Achievements & Action List. Wealth Management clients have a wide range of issues to address beyond their investments - from estate planning to income taxes to mortgages to insurance to charitable planning and more. We help you stay on top of these matters with a simple chart that shows the tasks you have completed, along with the tasks you still have to work on. We help identify the most time-sensitive and important of these items, remind you how they fit into your overall plan and support you in completing them. The structure we provide, and the financial planning assistance you receive, can prove to be more valuable to you than even our best investment efforts.
Tax, Estate Planning and Insurance. Each Wealth Management client needs specialized professional expertise at some point. We facilitate that service by recommending other professionals, when needed, such as attorneys, CPAs and insurance agents. We work with them to fully address and implement your individual solution, so it is consistent with your long-term plan and your investment accounts. We are fortunate to have an estate planning attorney working out of our Alamo office, which makes it especially easy to resolve matters involving wills and trusts.
Most of our clients decide they need the comprehensive approach that our Wealth Management platform provides. Here is a checklist to help you see the differences between Investment Management and Wealth Management, and which might be right for you.
Ongoing Management. During and after the above planning steps, we regularly monitor your financial affairs to anticipate critical decisions and actions that must be taken. You can rest assured that your affairs are being watched over by an advisor who will alert you to external financial events that require adjustments to your plan.
© 2011 Lodestar Private Asset Management, LLC.
Wealth Management
