Our commitment to understand and address the unique financial concerns and opportunities each of our clients face is a major part of what makes us different, and we consider it a great privilege to be entrusted to serve them.
Corporate executives often barely have time to keep up with the demands of managing an entire company, let alone the handling of their own personal financial matters. As excellent delegators, they know the value of hiring a trusted financial partner to manage their personal wealth and the myriad details it entails. We help provide the freedom to remain focused on their core competency by taking many time-consuming transactions off their shoulders. These include employee stock ownership plans, cashless stock option exercises, rule 144 executions, 10b5-1 sales plans, and hedging and monetization for concentrated equity positions. In addition, we can assist with corporate solutions such as share repurchase programs, corporate cash management, executive benefit platforms, and retirement programs.
Business owners know firsthand the sacrifice of hard work and commitment. It’s only natural they might want someone with that same understanding when it comes to financial guidance. As entrepreneurs ourselves, we identify with the challenges business owners often face and have helped many new, growing, and mature businesses with a wide variety of needs including asset preservation, cash management, employee retention, insurance, financing, succession planning and retirement income planning.
For those nearing retirement, planning and preparation are key in determining when to retire, or how much money is enough. Those who plan on selling a business want to do so in a manner that can most efficiently transfer its value into personal assets. Those who worked as a professional or executive want guidance on what to do with their 401(k) plans and other company benefits. Social Security and pension benefits can play an important role in retirement income. We help determine eligibility, determine when best to file, how to potentially maximize benefits for them and their spouse, and mitigate taxes on the income. We offer the planning and guidance to help make this transition as smooth and enjoyable as possible. We use Goal Planning & Monitoring, a proprietary planning software, to help align financial needs and their vision for the future.
Preserving wealth and making it last is a priority. Retirees need a plan to meet their expenses and maintain their lifestyle, and perhaps leave a legacy for their loved ones. When it comes to income projection, distribution planning, and estate and legacy planning, as well as other essential needs such as life insurance and long-term care, our expertise can be invaluable.
Women now control more than half of all U.S. wealth, and women-owned businesses now account for over 36% of all privately owned enterprises, employing over 8.4 million Americans.* With increased wealth comes increased responsibility to plan for the challenges and opportunities unique to women. Women face different issues when it comes to financial planning, such as longer life expectancy and the financial considerations of caring for a spouse or aging parents, or the loss of a spouse through death or divorce. We work closely with you to understand the financial impact of life events in order to educate, organize and prepare you for continued financial well-being and independence.
*Source: National Women’s Business Council
Kendrick Wealth Management is proud to serve and educate second- and third-generation clients. As the number of affluent families moving toward retirement increases, there will be a significant rise in the number of entrepreneurs and corporate stakeholders selling or transferring their business interests. Parents are often particularly concerned about the effects of their wealth on their children and grandchildren. We have a distinct understanding of these concerns, which is why we’re prepared with a wide range of resources to work with affluent families in a truly comprehensive and integrated manner. Communication and collaboration with your accountant, attorney and other important advisors is critical when considering estate and legacy planning. We’ll work with them closely to ensure everyone is working toward common goals, such as wealth transfer strategies designed to hedge, monetize, diversify or gift assets, while mitigating tax implications.
We serve institutional clients such as non-profits, foundations and endowments. If your organization has more than $3 million in assets and you are asking these questions, we should talk:
• Am I meeting my fiduciary responsibilities?
• Does our investment policy statement reflect the needs of our organization?
• Will our investment allocation deliver the stated risk-adjusted return objectives of the fund?
• Are there any conflicts of interest or prohibited transactions with our current investments?
• Could we be doing better?
Contact us for a complementary, no obligation review of your existing investment policy statement and assets.