Client PersonaMilitary

Making Mary Safe - Working with a Veteran Family
https://bayviewwealth.com/wp-content/uploads/2022/08/militarysu3.jpg
https://bayviewwealth.com/wp-content/uploads/2020/12/bgn-slider-blue-corner-left2.png
bt_bb_section_bottom_section_coverage_image
Client Persona

Michael is a 75 year-old Veteran of the Vietnam War. Michael is married to his longtime sweetheart Mary. The couple is retired and spend time with their three grown children and eight grandchildren. The couple chose to work with BayView Private Wealth because of their specialized knowledge and process around working with military families and Veterans.

Objectives

Michael wants to create a plan to make sure the family is well-cared for and to keep Mary safe. He also wants Mary to maintain the same standards of living she is used to.

Tools

  • Asset Protection 
  • Benefits Analysis 
  • Client Portal
  • Client Vault
  • Estate Planning 
  • Investment Analysis 
  • Life Insurance Planning 
  • Long-Term Care 
  • Risk Analysis 
  • Scenario Planning

Observations

After identifying their main goals and objectives while expressing their respective concerns and underlying fears, Michael and Mary scheduled a series of 1 to 2 hour meetings over a 3-month period. Each meeting was devoted to one element of their total financial plan. In this way, the couple felt more confident and had the space and time to ask important questions and avoided the feeling of being too overwhelmed. Technology was used to schedule virtual meetings, and to analyze current holdings.

A comprehensive financial and estate plan for Michael and Mary could help to identify strengths and weaknesses using various scenarios and simulations to account for changes in income, health and how insurance might mitigate some of those risks. Analyzing and stress testing investments to check alignment with their risk tolerance regularly at their age would be warranted. Engaging with Michael and Mary’s three children would be prudent to account for generational planning considerations.

* This is a hypothetical situation for illustrative purposes only. The client is not real. Results are not real nor guaranteed. Past performance is no indication of future success.

https://bayviewwealth.com/wp-content/uploads/2021/02/Military-Financial-Planner-BayView-Private-Wealth-scaled.jpg

Want to Know More?

Do you want the same peace of mind as Michael & Mary? Reach out to BayView today to talk with our advisors! We can help you plan for the future.

Destin Office
Main: 850-990-0618
Text: 850-367-0090
1234 Airport Road, Suite 121 Destin, FL 32541
St. Petersburg Office
Main: 727-369-6151
Text: 727-496-4963
200 Central Ave, 4th Floor, St. Petersburg, FL 33701
https://bayviewwealth.com/wp-content/uploads/2021/01/footerlogo2.png
https://bayviewwealth.com/wp-content/uploads/2021/01/rfg3.jpg

All investing involves risk, including loss of principal. There is no guarantee the investment process will lead to profits. Past performance of any security or strategy is no guarantee or indication of future results or performance. Market conditions change continuously.

Advisory services offered by Investment Advisory Representatives of RFG Advisory, LLC  (“RFG Advisory” or “RFG”), a registered investment advisor. BayView Private Wealth and RFG Advisory are unaffiliated entities. Advisory services are only offered to clients or prospective clients where RFG Advisory and its representatives are properly licensed or exempt from licensure. No advisory services may be rendered by RFG Advisory unless a client agreement is in place.

RFG Advisory is an SEC-registered investment adviser. SEC registration does not constitute an endorsement of RFG by the Commission, nor does it indicate that RFG or any associated investment advisory representative has attained a particular level of skill or ability.

RFG Advisory Part 3, Form CRS, RFG Advisory Form ADV, Part 2A, Investment Advisor Public Disclosure, RFG Advisory Privacy Policy.

Insurance products and services are offered through several insurance providers, including RFG Solutions LLC, an affiliated company of RFG Advisory.

© Copyright BayView Private Wealth 2024. All rights reserved.