Barron's Advisor Hall of Fame ABOUT US WORKING WITH YOU SERVICES NEWS BLOG CAREERS AT WALDRON CONTACT LOGIN CREATING YOUR FAMILY VISION Below is a hypothetical example of how we create a unique family vision for every client. That vision both guides our recommendations and helps you judge our performance. For “John and Jane Doe”, it began with the overarching agreement to “develop a customized approach to managing our wealth that we are comfortable with and allows us to enjoy our lives.” From that, we write, together, simply stated yet unique goals. All the reporting we provide maps back to at least one, if not several, of those objectives. Sample of a Family’s Progress Toward Their Vision GOAL Provide for our lifestyle of approximately $3 million per year for the rest of our lives such that we do not have to worry about market fluctuations COMPLETED Perform year end trust distribution analysis to save appr. $25,000 per year COMPLETED John and Jane maintain a lifestyle security ratio below 2% COMPLETED Renegotiated line of credit to save appr. $50,000 per year STILL TO DO Ongoing review of lifestyle portfolio allocation and analysis GOAL Provide some assets to our children, and to a lesser extent our grandchildren, during our lives in a tax favorable manner COMPLETED Moved appr. $11 million outside taxable estate with GRAT COMPLETED Ongoing Assessment of Legacy to Heirs COMPLETED Ongoing Financial Education Sessions with Children COMPLETED Recommendation and Implementation of Real Estate Trust for Children STILL TO DO Evaluate Business Holdings and Illiquid Investments for Opportunity to transfer at Reduced Valuation GOAL At death, maximize assets passing to our children, while providing additional support to our grandchildren COMPLETED Moved appreciation on $11 million of assets outside taxable estate COMPLETED Ongoing Assessment of Legacy to Heirs COMPLETED Life Insurance Portofolio Restructured to Achieve Higher Benefit with Reduced Premium STILL TO DO Evaluate Business Holdings and Illiquid Investments for Opportunity to transfer at Reduced Valuation GOAL Begin developing our family foundation and involving our children and grandchildren in its mission COMPLETED Created a $5 million foundation with a net after-tax contribution of $2 million COMPLETED Created Board of Directors and process for family management of Foundation STILL TO DO Charitable Trust will provide for income for the rest of your lives and eventually fund Foundation LOOKING FOR HELP REALIZING YOUR FAMILY’S VISION? REACH OUT TO SPEAK WITH ONE OF OUR EXPERTS. CONTACT US ABOUT US WORKING WITH YOU SERVICES NEWS BLOG CONTACT LOGIN 44 Abele Road, Suite 400 Bridgeville, PA 15017 • Phone: (412) 221-1005 • Fax: (412) 221-2005 3303 Water Street N.W., 3F Washington, DC 20007 • Phone: (202) 656-8587 • Fax: (202) 573-8894 Privacy Policy Terms of Use Disclosure Copyright © 2014 Waldron Private Wealth. All rights reserved. For information about Forbes list of America’s Top Wealth Advisors methodology, click here Barron’s factors included in the rankings: assets under management, revenue produced for the firm, regulatory record, quality of practice and philanthropic work. For more information about Barron’s methodology, Click Here For information about AdvisoryHQ’s best financial advisors in Pittsburgh methodology, click here For information about the methodology of the Financial Times list of the top US registered investment advisors, click here All Best Places to Work winners are determined exclusively on the basis of their employees’ responses to the Best Places to Work Survey. Employee responses from the 30 standard survey questions, along with the number of employees that respond to the survey, are calculated to determine the company’s overall score and ranking. For information about Pittsburgh Business Times methodology,Click Here