Taxes, investments, estate planning, and financial planning are in and of themselves complex. And while these are all critical components of a person’s financial life, they are often handled in a siloed fashion, by a handful of professionals that don’t talk to each other. This often leads to added complexity and missed opportunities. At Wealthquest, we believe there’s a better way – and that is to bring all of these disciplines under one roof, to be managed by one team of professionals across the various disciplines.
Why the Traditional Model Falls Short
The traditional view of financial management is that you hire an accountant to do your taxes, an attorney to do your estate planning, an insurance agent for liability protection, and then you keep your investment accounts at a handful of financial institutions. But when this siloed approach is taken, and those professionals aren’t talking or coordinating with one another, you end up in the middle, managing the professionals that are managing only their areas of expertise. This often leads to:
Integrated Services Under One Roof
By bringing all of those professionals ‘in house’, you instantly gain efficiency and collaboration as they each bring their best ideas aimed at the same target – a strong financial plan that accomplishes your goals. Because there is so much overlap between Financial Planning, Taxes, Investments, and Estate Planning, they all play a critical role in supporting one another.
Think of these four disciplines like the legs of a table. If each leg is built by a different craftsman with no coordination with the others, the table will not only look goofy, but it likely won’t be structurally sound. If however, the craftsmen are collaborating, planning, designing, and implementing in a coordinated fashion, the end product will be a table that can withstand the weight and pressure of whatever life throws at it.
The Value Proposition of an All-Under-One Roof Approach
1. Alignment
Your investment plan aligns with your tax strategy. Your estate plan reflects your desired financial legacy. Every decision is evaluated for its impact across all areas of your financial life both now, and into the future. This allows you to take advantage of short-term opportunities that align with and help you make progress toward your long-term goals.
2. Clarity & Confidence
Life is mostly spent in the mundane, but surprises and expected transitions happen along the way – birth of a child, buying a house, new job, paying for college, retirement, death of a loved one. While you may only face these events a handful of times in your life, doing so can often come with confusion and fear. However, when these events are navigated with a team of coordinated professionals who have walked through these same decisions hundreds of times through the lives of their clients, you gain the clarity and confidence to navigate these milestones well.
3. Precious Resources:
Time & EnergyActing as your family’s personal CFO requires time, energy, and headspace. The responsibility can feel overwhelming and leave you wondering if you’re missing something. While wealth management is complex, it doesn’t have to be overwhelming. Maybe the greatest value add of working with a firm who offers integrated services under one roof is peace of mind and time. Let a firm like Wealthquest take on the task of managing all the complexities of taxes, investments, estate planning, and financial planning so that you can allocate more time and energy toward the things that matter most to you and the things you are uniquely suited to do – run your business, spend time with your family, give your time to causes you care about, or invest in a hobby.
The Value Proposition
In the end, managing wealth isn’t just about numbers—it’s about creating a life of clarity, confidence, and freedom. When taxes, investments, estate planning, and financial planning work together under one roof, you eliminate inefficiencies, reduce stress, and unlock opportunities that siloed professionals often miss. At Wealthquest, our integrated approach means one team, one plan, and one simple fee—all designed to help you say ‘yes’ to the things that matter most to you, and ‘no’ to the things that are getting in the way.
