Essex Private provides a comprehensive set of wealth management services. Our focus is putting together a solid long-term financial plan that meets a client’s risk tolerance, income needs, time horizons, and investment objectives. Once a path has been determined for the client’s goals, the ongoing work involves investing client assets to achieve those goals. We work alongside the client’s existing advisors (tax accountants, estate attorneys) or can identify issues and make referrals to professionals who can assist.
Services offered by Essex Private Wealth Management
Financial & Retirement Planning
We work with our clients to meet their short-term and long-term financial requirements whether they include purchasing a home, educational costs or planning for retirement. We will make a careful analysis of a customer’s current and future cash flow needs. Whether you are currently in retirement or within a few years of retirement let us help you make that transition so you can have peace of mind that you will have a successful retirement.
Portfolio and Investment Management
Essex Private uses economic, technical and quantitative analysis to help us make well informed decisions about where our client portfolios can be best strategically allocated. We focus both domestically and abroad looking to identify which areas of the market are most favorable to guide our investment strategy.Six important concepts:
- Have a Plan: A documented plan forces forethought and commitment to priorities.
- Be Disciplined: Stick to the plan and avoid the daily noise of the financial markets.
- Diversify: Use different asset classes to reduce risk and increase returns.
- Manage Risk: Take profits in positions along the way and sell to minimize losses.
- Be Contrarian: “Be fearful when others are greedy and greedy when others are fearful.” Warren Buffet. In other words, don’t overpay for potential.
- Manage Costs: Minimize the huge drag of taxes and keep portfolio expenses low.
All of the portfolios we manage are based on those key themes to increase the potential for most stable long-term returns.
We work with you to help develop a realistic estimate of what those educational costs might be, and then develop an investment program that may help you meet those costs. There are a number of different options that many help in education planning, including 529 plans.
Estate and Trust Planning
We work with individuals and families in all a specific needs and goals. We can partner with an existing estate planning attorney or establish a new relationship for you.
Tax Return Preparation
We work with clients and their tax professionals to develop the most tax efficient portfolios and strategies. We have established relationships with many tax professionals and refer clients to the accountant who is the best fit for their specific situation.
401(k) & Corporate Retirement Plan Management
We offer a detailed review of the various types of retirement vehicles for small business owners, and conduct an analysis of your current enterprise to help determine an effective plan for your particular situation.
Real Estate Investments & 1031 Exchanges
Our firm representatives and affiliates possess the necessary experience and knowledge of the real estate sector to conduct in-depth due diligence and market analyses which are intended to best meet our client’s needs and financial objectives. Private placements include: 1031 exchange, tax credit private placements, and economic real estate placements.
Clients who are serious about championing the cause of an important charity need an investment portfolio managed specifically for charitable-giving purposes. We work with clients to develop the most appropriate program to help them achieve their objectives while also maximizing tax benefits.