Our Process
We all have visions for our lives – our aspirations, a.k.a. our dreams – for ourselves and our families. Part of realizing your dreams involves working with the right people who embody your values and embrace your vision for the future. You need a trusted partner, who will work side-by-side with you to ensure that you’re prepared for all of life’s milestones as you reach them.
At Milestone Wealth Management, you have a dedicated team of professionals who are committed to you and your goals – and are ready and willing to prioritize your vision for the future that you’re building today. Here at Milestone, we have the insights and expertise to guide you as you make life’s most important financial decisions and we are honored to join you throughout each phase of your journey, as you prepare and are best positioned to Dream>Build>Grow>Give and Share your wealth.
Dream
For many of us, it’s easier to save for a specific goal than it is for just saving’s sake. The “whys” of how you’d ideally like to allocate your savings are your dreams – your strongly desired goal or purpose – such as launching a business, owning a vacation home, or traveling to Hawaii.
People often refer to their list of dreams as a “Bucket List” – that list of “things” you want to do or accomplish by a certain age or timeframe. So what’s your vision? To get started, draw a picture to represent what you want your future to look like. You don't need to be an artist or even have concrete plans; just jot down or record an easy, “at-a-glance” projection of what you want to accomplish.
While many of life’s dreams are abstract – like happiness, good health, love of family and friends – some of them require money, such as buying a new car or taking a cruise. Even if your goal is to simply have a comfortable retirement, it would be helpful to spend time defining what that really means for you beyond the anticipated feelings of “peace,” “financial independence” and/or “financial security.” For some, this will be an easy task, but for others, it may take some time. That’s okay – and it will be time well spent.
Having dreams a good first step. Creating solid goals – which are supported by specific details – is a necessary next step that will lead you to your customized and concrete plan of action. That’s where Milestone Wealth Management comes in, with the insights and expertise to help you dream big and go far.
Build
Your Financial Strategy
Once you have a clear picture of your financial future, you’ll need an experienced, dedicated financial planning team – one that you trust – to execute your fine-tuned strategic growth plan for you and your family. Our skilled advisory team will help you manage your wealth holistically and keep you on track to meet your desired outcomes.
We’ll begin by helping you build a solid financial foundation and then create a reasonable, relevant and reachable blueprint that’s tailored to meet your priorities.
Financial markets are unpredictable and, as such, can be difficult to navigate. Determining how much risk you are willing and able to tolerate makes a huge difference in how your investments will grow. We’ll ask the right questions to evaluate your investing style and tolerance.
Regardless of where you are or where you’ve been, we at Milestone Wealth Management pride ourselves on partnering with our clients to help them manage their wealth and steward it across generations. We are your trusted team of experienced professionals who sit with you “on the same side of the table” to help you reach your short- and long-term financial goals.
What’s more, our investment advice is based on a principled, evidence-based strategies to guide your financial decisions. We work to align your portfolio with your risk tolerance to mitigate downside exposure while producing competitive returns over the long term.
SHARE
What’s Important to You
The lessons you learn in creating and stewarding your wealth are crucial to helping the next generation manage their portfolio to ensure fiscally sound decision making for your current and future family and avoid the pitfalls of wealth management. We can coordinate family meetings to help you pass your wisdom on to your family across generations and convey your thoughts on causes that are near and dear to you.
There is nothing more rewarding than being able to share your wealth to support future generations and/or causes that align with your family values. Also, thanks to our in-house tax professional*, we can also help clients maximize the impact of their wealth and generosity by helping them leverage tax benefits compliantly and securely.
Did you know that 90 percent of wealth created in the first generation is lost by the third generation? [1] Only three percent of wealth transfers fail due to poor investment, tax or legal advice [2}. In contrast, most wealth is lost due to breakdowns in family communication and trust.
We’re here to help you create a legacy that aligns with your values. Whether it’s helping your loved ones financially or supporting your favorite charities, we start with intentional conversations about your legacy.
* Raymond James and its advisors do not offer tax or legal advice.
[1] Tim Voorhees, JD, MBA, Why Most Families Lose Their Wealth by the Third Generation (The Wealth Counsel Quarterly April 2009).
[2] Roy Williams and Vic Preisser, Preparing Heirs: Five Steps to a Successful Transition of Family Wealth and Values (Robert D. Reed Publishers 2010)
ENJOY
What you have worked for
Where does your mind take you when you think about retirement? The beach, the mountains, or maybe the grandchildren? What about that car you have wanted since you were 16 years old? We have all dreamed about the day where we don’t have to work, and we can just enjoy life.
You have worked hard, and hopefully with the right guidance, you have invested wisely and built a solid financial future. As your wealth grows, money enables you to provide more for your family’s needs, further your business and professional interests, and pursue your personal, social, and charitable aspirations.
The team at Milestone Wealth Management stands side by side with you during this part of your life, helping you enjoy the things you have dreamed about and worked hard for without the fear of running out of money in the future.
The same strategies that are used to help you build your wealth, are not the same strategies that are used to steward you through this phase of your life. Trust that the team at Milestone Wealth Management will not put you in a one size fits none approach and just leave you there. We actively help you enjoy your retirement while at the same time work with you to ensure your nest egg stays safe.