Financial Advisors for High-net-worth Families
Planning for Family Decisions Instead of Individual Ones
Quite simply, families with more than $5 million in net worth typically have more complex financial lives than those with $500k. The more wealth you have, the more likely it is that you need a combination of advanced tax planning, creative estate planning, and a higher level of protection through insurance and cybersecurity.
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708.479.7755
HNW Families Care About How Advice Is Delivered
While wealthy families need more advanced solutions, we’ve noticed that their pain points don’t come from a lack of products. More often than not, HNW families who are underserved find themselves saying the following:
- “My financial advisor does a great job with my investments, but he’s never really talked to me about my taxes, estate plan, or insurance.”
- “I’m worried that my kids won’t be able to handle this amount of wealth at that young of an age. Does your advisor meet with your kids?”
- “I feel like my financial advisor should know my accountant and attorney, but he’s never asked for their information.”
- “When I meet with my advisor, we mainly talk about the portfolio with his firm. We don’t really discuss my small business because it’s a separate issue.”
How We Advise HNW Families With Our Plank-by-Plank Process™
We’ve differentiated our client experience by addressing the following problems HNW families had with their former advisor:
We Offer Solutions, Not Products
Clients felt like they were being sold products rather than given solution-driven advice. We focus on listening first and crafting strategies that address your unique goals—not selling financial products.
We Provide Truly Holistic Advice
Many advisors concentrate solely on investments. We go beyond that to assist with your tax planning, estate planning, and insurance strategy to ensure every piece of your financial life is aligned.
We Coordinate With Other Professionals
You shouldn’t have to play the middleman. We proactively work with your accountant, attorney, and banker to make sure all your professionals are aligned and communicating.
We Support Family-Level Decision Making
Your legacy involves more than just you. We help engage your children and guide the entire family in making unified, informed decisions about wealth and values.
Featured Services For High-net-worth Families
Retirement Planning
Utilizing technology and a variety of different experts is the best way to tackle Medicare, Social Security, and when you can retire.
Education Planning
We’ll not only help you determine how much to save for college but how to do so tax-efficiently and what to do if you have education funds leftover.
Portfolio Monitoring
We’ve created a portfolio reporting system that acts as your “one stop shop” for viewing and monitoring many elements of your plan at once.
Generational Planning
Effectively pass on your legacy to those closest to you.
“Tim McCabe and his team have been invaluable advisors for our small business and now 3 generations of family. Over the years they have consistently provided helpful recommendations for setting up retirement accounts, life insurance, 529 college plans, and minor Utma accounts. One of the most significant recommendations was making us aware of profit sharing and pension plans. All these recommendations have allowed for building financial freedom of generational wealth as we have moved into retirement.”
Morgan and Jill C.
This testimonial was given by a client of the financial advisor and no compensation was provided directly or indirectly. This testimonial is not a guarantee of future performance or investment success, and the testimonial may not be representative of the experience of other customers. Please visit BrokerCheck (https://brokercheck.finra.org) to see more on the background of this professional.
Family members all over the country? Not a problem.
Our virtual family office is structured to assist families effectively even when they all live in different states.
The McCabe Difference
We proactively engage with your children to provide family advice across generations.
We take a collaborative approach with other professionals.
We embrace traditional and cutting edge technology to match the times and offer you better solutions.
We prefer a depth of specialization in fewer areas, to being generalists.
We have over 40 years experience in this industry helping hundreds of clients.
Schedule A Meeting
Schedule a meeting with our advisors by using our Second Opinion Service, our advisors’ Calendly links, or simply call our office main line.
Meet With Your Advisor
Meet with your designated advisor virtually or in-person to get to know each other and the rest of your family. Many times, a follow-up meeting will be beneficial so you know the value that will be provided before you become a client of the firm.
Complete Our Onboarding Process
Assuming you and the advisor see the potential for a long-term relationship, our staff will guide you through our onboarding process to set up accounts with our custodian and join our portfolio monitoring system, Black Diamond.
Frequently Asked Questions
What fees do I pay?
For advisory clients, our firm charges clients a percentage of the assets under management (AUM) annually. This is broken out into 4 payments throughout the year. Please contact us to discuss our fee schedule.
How often do we meet?
Our advisors engage with our clients on a schedule that works best for them. Busier professionals may prefer to meet once a year while retirees may prefer to talk quarterly. On average, our clients like to meet 2-3 times a year.
Does McCabe have minimums?
Historically, we have tried to stay away from minimum asset levels. However, due to current capacity constraints we have instituted a $500k household minimum for new clients. For current clients, we do our best to accommodate extended family members or friends that are under our minimum.