OOM&F's SAG Wealth Management Class

OOM&F's SAG  Wealth Management Class

08/22/2013

13 Comments

    SPECIAL AGENT GIBBS WEALTH MANAGEMENT 08/21/13

 [..SpecialAgentGibbs] JUST CURIOUS, HOW MANY HERE HAVE ACTUALLY DONE SOME RESEARCH INTO WEALTH MANAGEMENT AND/OR WEALTH PRESERVATION SERVICES OFFERED BY SOME BANKS???

[..SpecialAgentGibbs] WHY DON'T WE PICK A BANK, AND JUST TAKE A LITTLE RIDE INTO WHAT THEY HAVE TO OFFER.....

[..SpecialAgentGibbs] OKAY, WELLS FARGO IT IS! CONSIDERING THE EXPECTED RETURN ON THIS INVESTMENT, PRIVATE BANKING SHOULD BE THE OBVIOUS CHOICE...
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  [..SpecialAgentGibbs] As a client of The Private Bank, you’ll enjoy:

[..SpecialAgentGibbs] *A relationship you can depend on — Your Relationship Manager is your key point of contact to a wide range of experienced professionals, and our dedicated service team is available 24/7/365.

[..SpecialAgentGibbs] * Tailored planning and solutions — We feel the better we know our clients and their full financial picture, the better we can tailor our solutions to meet their needs.

[..SpecialAgentGibbs] * Support for diverse financial needs — Whether you’re looking for strong hands-on guidance or higher-level oversight and ideas, we cover a wide range of needs to meet yours.

[..SpecialAgentGibbs] THERE'S THEIR INTRO...LETS SEE WHAT'S REALLY THERE....

[..SpecialAgentGibbs] Wealth Planning

[..SpecialAgentGibbs] At Wells Fargo Private Bank, our holistic approach to wealth planning starts with your relationship manager. You and your relationship manager will draw support from a team of highly experienced specialists.

[..SpecialAgentGibbs] Key elements of wealth planning at The Private Bank

[..SpecialAgentGibbs] Our wealth planning process focuses on developing a clear picture of your unique needs and goals, and leads to a personalized action plan that aligns solutions with those goals.

[..SpecialAgentGibbs] The wealth planning process begins with a core planning review that helps enable you and your family to:

[..SpecialAgentGibbs] * Identify and prioritize your most important wealth management goals and concerns

[..SpecialAgentGibbs] * Review a net worth statement to gauge your progress toward reaching those goals

[..SpecialAgentGibbs] * Articulate how you oversee your investments and view your personal tolerance for investment risk

[..SpecialAgentGibbs] * Review a checklist of important estate documents, including wills, powers of attorney, living trusts and beneficiary designations

[..SpecialAgentGibbs] Your dedicated wealth planning team From this foundational understanding, your relationship manager will coordinate a team of local specialists tailored to your unique needs and goals.

For clients with comprehensive or complex wealth planning needs, we can provide consultation on various components of your wealth plan, including:

[..SpecialAgentGibbs] * Retirement and cash flow planning

[..SpecialAgentGibbs] * Risk analysis and insurance planning

[..SpecialAgentGibbs] INSURANCE PLANNING, LETS HAVE A LOOK...

[..SpecialAgentGibbs] At The Private Bank, an insurance specialist serves as a key member of your wealth management team who will review your insurance portfolio in the context of your current needs, projected income, retirement plans and legacy intentions.

[..SpecialAgentGibbs] Insurance is synchronized with your overall wealth plan

[..SpecialAgentGibbs] All too often, insurance is treated as something separate from a total wealth plan. At The Private Bank, your insurance specialist participates actively in the wealth planning process to ensure that your insurance portfolio properly reflects your needs and goals.

[..SpecialAgentGibbs] HMMMM, AN INSURANCE SPECIALIST WHO WILL REVIEW & INTEGRATE INSURANCE NEEDS SPECIFIC TO ME!   I LIKE IT

[..SpecialAgentGibbs] * Estate services and gift planning

[..SpecialAgentGibbs] Estate Services

[..SpecialAgentGibbs] As one of the largest providers of estate services and estate settlement solutions in America, Wells Fargo has helped clients and their families transition their wealth for generations.

[..SpecialAgentGibbs] Why choose a professional executor? Settling an estate can be a complex and time-consuming matter. Errors and delays in execution can result in needless litigation, costs, taxes, expenses and penalties.

No matter how well intentioned, an inexperienced executor can endanger the smooth and expeditious settlement of your estate or trust. The use of a professional executor can help a family maintain harmony during one of the most stressful and emotional times they may ever face.

[..SpecialAgentGibbs] A wide selection of estate settlement services Given our extensive experience in professional estate and trust administration, both beneficiaries and the testator benefit when Wells Fargo Estate Services manages the trust or estate settlement process.

In addition, as a corporate fiduciary working with a team of specialists, we can provide estate settlement services that an individual executor may not be able to provide, such as:

[..SpecialAgentGibbs] * Timely collection, valuation and distribution of assets

[..SpecialAgentGibbs] * Professional, experienced asset administration

[..SpecialAgentGibbs] * Valuation, management and disposition of closely held business interests

[..SpecialAgentGibbs] * Estate, inheritance and fiduciary income tax preparation utilizing advanced post-mortem planning

[..SpecialAgentGibbs] * Impartial dispute resolution and objective decision making

[..SpecialAgentGibbs] * A wealth of resources to properly and efficiently settle estates

[..SpecialAgentGibbs] * An established process with a high level of service to families and beneficiaries

[..SpecialAgentGibbs] SO WHEN I CROAK, THESE GUYS WILL STEP IN AND GET THINGS SETTLED QUICK! NICE!

[..SpecialAgentGibbs] CHARITABLE PLANNING:

[..SpecialAgentGibbs] Wells Fargo Philanthropic Services will help you and your advisors create and administer a charitable program designed to maximize the efficiency of your charitable gifts, further your philanthropic goals, and align with your overall wealth management strategy.

[..SpecialAgentGibbs] Philanthropic Services helps you and your advisors select the right plan to support your philanthropic goals At Wells Fargo Philanthropic Services, our process begins with a review and assessment of your present and future resources, financial and family goals and charitable values.

We then work with you and your advisors to identity a philanthropic solution for managing your social capital. With the preliminary structure in place,

Philanthropic Services can help implement and administer your plan, managing designated assets in accordance with your plan’s objectives.

[..SpecialAgentGibbs] We’ll help you explore three formats for charitable giving:

[..SpecialAgentGibbs] 1) Outright Gifts provide immediate, one-time support to an organization, but typically give you little control over how the money will be used.

[..SpecialAgentGibbs] 2) Testamentary Gifts bequeath money upon death, allowing you to retain control and use of assets during your lifetime. However, you will not witness or control the ultimate impact of the gift.

[..SpecialAgentGibbs] 3) Structured Lifetime Giving programs transfer charitable gifts into a formalized vehicle like a trust, foundation or donor advised fund, giving you a great deal of flexibility in determining how money will be used. Gifts can be structured to give you (and others) an income stream during your life.

[..SpecialAgentGibbs] Four ways to set up a structured lifetime giving program If you wish, Wells Fargo Philanthropic Services can help you and your advisors design a structured lifetime giving program based on your specific charitable and wealth management goals. Here are four commonly chosen charitable vehicles for establishing a structured lifetime giving program:

[..SpecialAgentGibbs] 1) CHARITABLE REMAINDER TRUST (CRT)

[..SpecialAgentGibbs] 2) CHARITABLE LEAD TRUST (CLT)

[..SpecialAgentGibbs] 3) PRIVATE FOUNDATION

[..SpecialAgentGibbs] 4) DONOR ADVISED FUND

[..SpecialAgentGibbs] Philanthropic Services has the information you need to get started Selecting the right charitable giving program can be a complicated process and the consequences are long lasting.

We encourage you to consult with our experienced professionals early in your decision-making process so that you can take into account all the information relevant to your situation and act on the most current information available.

[..SpecialAgentGibbs] TRUST SOLUTIONS:

[..SpecialAgentGibbs] As you consider the trust solutions available to you… You’ve enriched your life and the lives of those around you. Now, as you consider how to sustain and transition your wealth to the people and institutions that you care about most, you should find a trustee that can deliver personalized trust services for you.

A personal trust can be an integral part of your total financial life as well as a commitment to the future. A personal trust may help: reduce estate taxes; provide for the proper distribution of assets to beneficiaries; assist you in the event that you become incapacitated; and safeguard your legacy, while preserving your peace of mind.

At the heart of it, your personal trust is part of your legacy. You define your goals. We’ll work with you and your advisors to select trust services that help address those goals, through specialized services designed to support your family, transfer assets and address your philanthropic and tax-minimization needs.

Our specialized wealth solutions include a wide variety of services to help you meet more complex estate planning needs such as estate settlement, special needs trust or multi-generational wealth planning through a legacy trust.

[..SpecialAgentGibbs] …selecting the right trustee may be your most important decision

[..SpecialAgentGibbs] Your trustee has the legal authority and fiduciary duty to manage the assets in your trust on your behalf. Family and friends are often ill-prepared or unwilling to take on this responsibility, which is one major reason why so many choose a corporate trustee.

Wells Fargo has served as a corporate trustee for more than a hundred years, and has the objectivity and knowledge to help safeguard your interests. We have the experience and resources to administer your trust in compliance with state and federal regulations.

[..SpecialAgentGibbs] Wells Fargo offers a full range of trustee services

[..SpecialAgentGibbs] The trustee services available at Wells Fargo Private Bank have been designed to address a wide range of needs. We can handle your trust administration and accounting, custody services and tax reporting.

Our professional investment management services can help you grow the investments in your trust. We can also manage real estate assets held in trust, as well as specialty assets like oil and gas.

[..SpecialAgentGibbs] Specialized Wealth Solutions :

[..SpecialAgentGibbs] Your wealth advisor is a conduit to a number of premium services designed to help you meet some of life’s most complicated challenges.

[..SpecialAgentGibbs] Anyone who has prepared a wealth management plan can tell you that it is simply impossible to be fully prepared for all the issues that life can throw at you.

Happily, when you are a client of The Private Bank, you don’t have to worry. You can go to sleep at night knowing that you are supported by a dedicated team of specialists led by a wealth advisor who knows you well, and is backed by the vast resources of Wells Fargo Bank. We understand that your needs are as unique as you are.

That’s why we work closely with you to develop a holistic plan to help you meet both your short- and long-term goals. At The Private Bank, we provide customized services designed to support all of your wealth management needs from transferring assets to charitable gifting.

[..SpecialAgentGibbs] * BUSINESS ADVISORY SERVICES

[..SpecialAgentGibbs] * CORPORATE EXECUTIVE PLANNING SERVICES

[..SpecialAgentGibbs] * ELDER SERVICES

[..SpecialAgentGibbs] * ESTATE SERVICES

[..SpecialAgentGibbs] * REAL ESTATE SERVICES

[..SpecialAgentGibbs] * LEGAL SPECIALTY GROUP

[..SpecialAgentGibbs] THOUGH I HAVE COVERED ONLY A PART OF WHAT WELLS FARGO PRIVATE BANKING HAS TO OFFER, IT SURE SEEMS LIKE THEY HAVE THE TOOLS TO SUIT MOST ANYONES WEALTH MANAGEMENT & PROTECTION NEEDS  AND WHERE DO I BEGIN YOU ASK???

https://www.wellsfargo.com/theprivatebank/

[..SpecialAgentGibbs] CLASS DISMISSED (see Sambo for passes to the playground).

[..SpecialAgentGibbs] NO DOUBT THAT ALL OF THIS WEALTH MANAGEMENT STUFF IS NEARLY OVERWHELMING FOR EVERYDAY FOLKS...  WHAT I AM TRYING TO SHOW YOU IS THERE ARE PEOPLE THAT DO THIS EVERYDAY

[..SpecialAgentGibbs] IT'S THEIR JOBS TO MAKE IT EASY FOR YOU  USE THEM!  TRUST ME, THEY WILL BEND OVER BACKWARDS TO SERVE YOU

[..SpecialAgentGibbs] WILL YOU PAY THEM FOR THEIR SERVICES....OF COURSE YOU WILL BUT, THE OPTION IS TO LEARN IT ALL YOURSELF, AND PRAY YOU MAKE NO MISTAKES ALONG THE WAY  UTILIZE THEIR EXPERTISE....

[..SpecialAgentGibbs] MONITOR THEM CLOSELY....  ALWAYS REMAIN THE ONE IN CONTROL...

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