Private Wealth Counsel, LLC
13010 Morris Road
Building 1, 6th Floor
Alpharetta, GA 30004
A Wealth Management Firm
Very simply, wealth management is the process of identifying what is important to you financially, and then developing a strategy to meet your needs and expectations. This process can take several different paths, but our efforts are largely focused on developing strategies to help you:
- Protect the value of your investments, especially in today’s uncertain environment
- Take advantage of opportunities to grow your portfolio
- Generate the income you need in your retirement
- Reduce the impact of taxes on your estate
Meet Our Clients
Every relationship is different, but please read about some of our clients to gain some insight into how we work with people.
Their Situation
Matthew and Janet found themselves in the enviable position of retiring in “comfort”. Matthew had spent his entire career of 40 years with the same firm, and had done an exceptional job of diligently saving and investing for his retirement. Though he wasn’t paid a lavish salary, he had been able to put his three children through school, had paid down their mortgage, and he had been able to treat his family to a few nice vacations along the way. In almost every way imaginable, Matthew had followed the textbook rules for frugally living within his means, and now he wanted to know if the retirement he dreamed about was available to him.
Matthew and Janet, however, were concerned about three things. First, Matthew didn’t trust himself to manage his own money, now that it had become substantial in his mind, and because he recognized that investing and markets had become very complicated. Second, after a lifetime of scheduled work and regular pay, he was uncomfortable with the idea that his checking account might not see that regular deposit on payday. Third, he had no idea how much of his portfolio he should spend, being terrified of losing or overspending what he had worked a lifetime to gain.
Our Solution
Part of being a financial advisor is helping people work through transitions in their lives. Some people are relatively unburdened by change, while others become very stressed and worried when their routine is challenged. A good financial advisor recognizes that the position of trust they maintain allows them to be a friend, a coach and a mentor to their clients, in addition to helping them with their investments and their finances.
Janet, being a little more relaxed about her husband’s retirement, was comfortable and even excited at the prospect of her husband leaving work behind for a more carefree lifestyle. In her words, she was “ready for them to focus on the grandkids, not on rush hour traffic.” Matthew, however, wanted to “dip his toe into the retirement waters, not do a belly-flop into the deep end of the pool.”
Through a series of talks, calls, meeting and lunches, we were able to get at the heart of Matthew’s concerns – he was uncomfortable with change and he wasn’t sure how he’d keep busy when he didn’t have a regular, full-time job.
The solution for them was to help them create, and implement, a transition plan, which included consolidating their investments into a few accounts rather than having them in multiple places. They also needed to have their investments restructured somewhat to provide the income they needed, and to protect what they had saved, and they needed help dealing with Matthew’s pension plan – something many people don’t have today and a legacy of companies from decades ago.
Finally, and simply, we set up his investment accounts to transfer funds into their checking accounts so he could maintain his steady cash flow. In the end, by working together, we helped Matthew and Janet “feel good about Matthew’s decision to retire, and (we) helped make that transition easy.”
Our Team
Travis W. Raish, CFA
Travis is a partner at Private Wealth Counsel. He has over 18 years of industry, largely focused in the fields of investment analysis and portfolio management. His experience includes work as an investment analyst on a team responsible for over $3 billion of mutual fund and private client assets at a world-renowned money management firm.
Robert M. (Bob) Tankesley III, CPA, CFP
Bob is a partner at Private Wealth Counsel. He has created and implemented targeted financial solutions for professionals, executives, retirees and business owners as a financial advisor since 1995. His counsel as a retirement strategist involves incorporating tax planning and portfolio management to clients who are planning for, transitioning into, or who are in retirement.
Please be aware that Private Wealth Counsel, LLC has a portfolio minimum of $500,000 to accept inquiries through this directory.
