New Thinking

New Wealth Advisors takes a comprehensive approach to protecting and growing financial assets of the newly wealthy.

Our services include:

Comprehensive financial life planning
New Wealth Advisors’ supports the greater vision of how wealth can be used to bring more fulfillment and personal satisfaction to one’s life.  Through our Financial Life Planning Services we help clients to look at both parts of their lives – the values and the assets – and build a financial plan to makes their life’s dreams and goals a reality.

New Wealth’s life planning approach to wealth management fits squarely with many of our clients’ stated desire for a more holistic offering that marries meaning with their money.  We do this through an in-depth discovery process of listening and inquiry to help clients discover their deepest and most profound goals.  Through our life planning process, clients uncover and prioritize what is most important to them, including life dreams and aspirations, concerns, goals and objectives.  We then work with our clients to create a viable, flexible financial plan and investment strategy that supports their unfolding life plan and its financial requirements. 

The financial life planning process
	Exploration Vision Obstacles review Knowledge transfer Execution and monitoring

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Cash flow management
Because cash flow requirements impact all other aspects of wealth planning, cash flow management is something we stress to all clients, regardless of the amount of wealth. A cornerstone of our financial planning approach, cash flow management begins with a thorough analysis of current and future estimated cash flows, carefully customized to reflect individual preferences and lifestyles. From there, we help to put in place investment and spending plans that assure sufficient cash flows in both the short and long term.

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Asset allocation
The manner in which investments are distributed to different asset classes (stocks, bonds, cash, real estate, alternative investments, etc.) is universally recognized by experienced planners as the most important determinant of long-term investment returns. We help clients set allocations based on their unique and personal financial objectives, cash flow requirements, time horizon, risk tolerance and tax situation.

Through a systematic discussion and analysis of these variables, we build a strategic, long-term allocation that is completely customized — no two are alike. Over time, we may rebalance the portfolio to maintain desired allocations, make short-term adjustments to respond to market conditions, or revise the allocation to reflect changes in circumstances or goals.

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Portfolio management
We manage investment portfolios for a select number of individuals and families, investing assets in publicly traded stock, bond and cash markets.  Each portfolio is customized and unique, reflecting our clients' needs and goals.

Our open architecture approach provides access to premier non-proprietary separate account managers around the country — proven professionals who specialize in specific investment types.  This best-in-class approach yields not only low cost, tax efficient management, but also performance that is measurable against recognized benchmarks. We continually evaluate performance to ensure our clients' assets are invested by the most talented investment professionals.  Our selection of managers is completely unbiased, as we receive no commissions or other financial benefits based on the selection of managers.

Alternative investments
A client's portfolio size, asset allocation plan, or investment objective may warrant access to top-quality alternative investments, including hedge funds, private equity, real estate, and venture capital offerings.  We monitor investor correspondence and advise clients as to tax, liquidity, and other financial considerations pertaining to these complex investments.  New Wealth Advisors is not compensated in any way by the sponsors of these investment vehicles.

Consolidated reports
A common characteristic of new wealth is an accumulation of many diverse investments, business interests and accounts.  Determining the value and distribution of one's assets can become a full-time job.  We alleviate that confusion by providing consolidated investment reports — unified snapshots of assets that provide the basis for clear analysis and decision-making.

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Tax planning
Income taxes often represent one of the largest expenditures an individual or family faces each year.  With proactive guidance, however, this cost can often be substantially mitigated.  Therefore, tax planning is central to everything we do.  Not only is the New Wealth Advisors team composed of CPAs with advanced degrees in taxation, we are also affiliated with an accomplished CPA firm, MFA — Moody, Famiglietti and Andronico, that is fully versed in every aspect of sophisticated tax planning.

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Risk management and insurance consulting
In our philosophy of "Protect. Grow. Relax.", risk management is an important step toward relaxation.  By educating our clients as to their specific needs for life and disability insurance protection, and utilizing world-class providers, we eliminate uncertainty in this often daunting arena.  Our insurance advice is often linked to estate and retirement planning, providing tailored solutions specific to each client's needs.

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Retirement planning
New Wealth Advisors draws on the extensive experience of our CPAs and Certified Financial Planners to create clear, actionable financial roadmaps for individuals both planning for and enjoying retirement.  We take an analytical, what-if approach to retirement planning, helping our clients understand the future impact of decisions made today.

With special emphasis on complex tax laws and investment options, we guide clients as they accumulate assets for retirement, consolidate retirement accounts from different stages of one's career, and optimize treatment of various tax-favored assets.  We coordinate all of these plans and decisions with estate planning, education planning, charitable giving, and other financial goals.

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Inheritance, estate and gift planning
Estate taxes can severely reduce assets available for heirs — by more than 50% in many cases.  With this in mind, it is critical to make and implement tax-efficient plans during one's lifetime to share assets and position one's estate for efficient and timely distribution both during one's lifetime and upon passing.

Our team of CPAs and CFPs take a proactive, consultative role, helping clients take full advantage of all available strategies, tools, and vehicles to protect assets from taxes and achieve the desired distribution to heirs.  When legal services are required, we facilitate this process with best-in-class providers, or work closely with existing counsel. We also educate the next generation on the responsibilities and challenges of managing wealth.

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Education planning
Creating a plan to pay for the education of children — including college and graduate programs, as well as private education for younger students — is one of the first items many individuals seek to address when they attain new wealth.

We provide practical insight regarding future education expenses and implement sound, tax-efficient plans to fund those costs.  This funding often includes tax-advantaged investments, but can also include significant contribution from grants, scholarships, extended family, loans and other sources.  We provide guidance on all of these topics, assuring a well-reasoned plan to cover all education costs.

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Charitable giving
For those who desire it, New Wealth Advisors provides advice on the most effective means to advance philanthropic causes — from direct donation, to trusts and foundations.  We also manage investments that fund our clients' current and future charitable giving.

Well-versed in the stringent requirements of the IRS, our CPAs work with clients to ensure compliance with all tax statutes that affect charitable organizations and giving.

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Personal CFO
New Wealth Advisors is fluent in all of the languages of wealth — accounting, law, financial planning, investing, taxation, insurance, and others.  As CPAs and CFPs, we are experienced and comfortable in a "Personal CFO" role, where we oversee and manage the efforts of our clients’ professional advisory team to ensure cohesive and timely solutions that align with each client’s unique financial life plan.

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Family office
The greatest value of a family office is to coordinate all of the various professional disciplines necessary to manage the financial affairs of a family.  At New Wealth Advisors, our team has the financial expertise, objectivity and administrative skills to relieve families of the some of the myriad tasks associated with managing their wealth.  We offer customized services tailored to individual family needs, whether it be paying the bills, managing cash flow, dealing with insurance or preparing tax returns.  

For many newly wealthy individuals, time is the scarcest, most precious commodity.  By offloading time-consuming chores such as bill paying, our clients free up time and need not worry about the administrative aspects of their finances.  In this role, we act as a liaison between clients and the companies that serve them, from utility service providers to private aircraft management companies.  Bill paying is seamlessly integrated with our tax planning, cash flow management, retirement planning, and other services.

Comprised of CPAs and CFPs, New Wealth Advisors’ family office, with its through knowledge of the family and its objectives, can greatly enhance other aspects of a family’s planning process and act as an intermediary between the family and estate planning attorneys, investment advisors, insurance providers, tax professionals and other service providers in a seamless, yet comprehensive, fashion.

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