The proof of their team’s expertise lies in the success of clients’ portfolios. In fact, Global Wealth Management’s clients are among the few investors who have actually made money during what’s been called the “lost decade.” The team comes in especially useful when planning how to balance the benefits of investments with taxes for high net worth clients. “Taxes and asset protection is a biggie,” says Costa, who works with CPAs and attorneys to set up trusts, move risks to insurance companies, and ultimately, to make sure his clients are protected from taxes, liability, and major market fluctuations. There often isn’t a perfect answer, but having access to a committee with backgrounds in multiple areas ensures the best possible financial strategy.
Few wealth management firms in the country bring such a diverse group of experts together, and Global Wealth Management has even managed to do so in a way that costs their clients less. While corporate trading companies tend to operate like luxury car lots, with financial advisors acting as salesmen for their firms’ expensive, and frequently unreliable, vehicles, Costa and Conness take the opposite stance. No products are pushed, exposure to the market is based on what’s best for the individual client, and customer service is as careful as it is personal: “We want our clients to be aligned on their risk. We sit down with retirees, and soon-to-be retirees, who need to switch into a more conservative mode, and they often come to us with tons of exposure to the market,” says Conness. Their goal is to keep their clients’ money safe, and cash flowing steadily.
It’s a bad year to take risks, no matter what your age or income level. Tax laws are scheduled to re-set, income taxes are expected to rise, and retirees are staring down the “fiscal cliff.” In times like these, it literally pays to be conservative – and when it comes to giving more value for the dollar, Global Wealth management comes out ahead.
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