How We Help Your Financial Advisory
HarborWise Is Here
Our Core Services
Wealth Management
We provide insight for the Twin Cities residents that covers everything from trust and wills to investments to retirement income planning. When it becomes overwhelming to manage on your own, trust in HarborWise.
Assets Under Management
With our Assets Under Management service, we provide comprehensive oversight and management of your investment portfolio, tailored to meet your retirement goals.
Investing
Our Investing service offers strategic investment opportunities, focusing on maximizing returns while minimizing risks to secure an easy and prosperous retirement.
Retirement Income Planning
Enjoy your retirement and let HarborWise help decide how you can expect to get paid after you have left the workforce.
Estate Planning
Deciding how things are to be divided or allocated dosen’t have to be a burden. We can help to make planning easy and thoughtful.
Insurance
Protecting yourself and the people you love from unforseeable events can begin with solid insurance policies. Let’s explore the potential savings and coverage together.
Wealth Management
Wealth management strategies are something that every household practices on some level. Whether it’s shopping the sales or picking up an extra job, everyone has their own approach when it comes to keeping hold of their assets. However, as you amass a significant degree of wealth, your strategies have to adapt and scale if you don’t want to fall behind.
This is why wealth management as a professional service is very different from people’s colloquial idea of the concept. With this service, you can expect a financial advisor to devote their time to your portfolio, so you don’t have to worry about your finances taking a turn for the worse.
What Is Wealth Management?
Wealth management refers to a holistic and comprehensive set of financial principles. You can expect it to cover everything from trust and wills to investments to retirement income planning. Most people don’t need wealth management services unless their portfolio reaches a certain threshold. When it becomes overwhelming to manage on your own, it’s usually time for a financial advisor to step in.
It’s not always easy for seasoned investors and wealthy individuals to cede some control of their wealth to another person. For most, it’s a question of finite resources — they simply don’t have enough hours in the day to manage it all. At HarborWise Capital, you’ll meet a team who can explain how these principles apply to your portfolio and what you can expect as time goes by.
No matter why you’re looking into these services, whether it’s because you want to grow your portfolio or just drastically reduce the odds of it dropping in value, a boutique retirement firm gives you the chance to make a real connection with your financial advisor. Instead of having to list your ideal retirement lifestyle with several staff members, you can forge a professional relationship that builds over the months and years you work together. As you consider what you want to do when you retire (and who you want to support), this bond can make all the difference to your bottom line.
Assets Under Management
Assets under management services can give you some much-needed peace of mind about your portfolio. A financial advisor can not only provide more oversight, but also insight into which asset classes are right for you and how you should adapt your strategies as times change.
What You Should Know About Assets Under Management
When you’re first building your assets, managing them is not necessarily a full-time job. After all, if you only have one real estate property in your portfolio, you don’t necessarily need an advisor to keep track of its value. However, as you build layer upon layer, you either need to devote more and more time to your assets, or you need to find someone you trust to take care of the day-to-day fluctuations. Unfortunately, many people simply neglect their assets, which can cause them to leave untold profits on the table.
If you’re interested in how a financial advisor can help you keep track of everything, the team at HarborWise Capital is here to fill you in. From economic downturns to policy changes, we understand how to apply modern principles to your portfolio, so you can map out your golden years with total confidence.
When you choose a boutique retirement firm, you won’t have to worry about how endless turnover impacts the client experience. Instead, you can work with a select team of professionals in the Twin Cities who can explain your options, so you can make more calculated decisions about your financial future.
Accruing assets in different classes can not only help you diversify your holdings, it can introduce you to new opportunities. It can make you more interested in the inevitable market turns and debuts, reinvigorating your love of investing as you plan your retirement. Whether you want to branch out into derivatives, securities, bonds, or hedge funds, assets under management strategies can give you a clear and concise plan, plus a financial advisor who ensures you can either stay on the path or divert if and when the market shifts.
Investing
Today’s investing landscape has changed considerably over the last few decades. While every market and time period has long presented its own uncertainties, the sheer number of potential opportunities has never been more overwhelming. When you can make your fortune just as easily in Bitcoin as you can in steel commodities, the right financial advisor can help you sort through your options.
How to Invest in Your Retirement
While the markets may shift to meet modern expectations, the basic rules of investment haven’t changed. In general, you’re free to take more risks when you’re young, and you’re encouraged to diversify no matter how old you are (or how certain you are in your choices). As you start to think about your golden years, though, you may need to introduce a more sophisticated strategy to make your portfolio as resilient as possible against the economic tides. Whether you expect your retirement to be lean and mean, living largely off the land in Minnesota, or filled with the finer things, you’ll need a certain number of resources to remain comfortable.
At HarborWise Capital, you’ll learn how to balance your personal relationship with risk and your larger financial goals. For instance, if you’re planning on traveling the world, you’ll get investment advice that can still give you a comfortable cushion even as you eye first-class lodgings at every stage of the journey. With better investment management, you can strengthen your retirement income, ensuring that you have enough revenue coming in every month so you can leave your savings alone.
An experienced financial advisor understands that a diverse portfolio is not always enough to ensure the best returns. Too often, investors are swept up in the latest fads, only to find themselves confused by their shrinking margins. For some investors, branching out is solid advice, but for others, it makes more sense to tighten up their portfolio so it has a solid direction. If you’re not sure which direction to head, the right partner can give you the support and confidence you need.
INVESTMENT PROCESS
Knowledge and insight enables us to craft an investment portfolio uniquely tailored to you. Through ongoing collaboration and monitoring, we are able to discover new avenues for you to invest your wealth and help accomplish your goals. In addition to managing your investments, we’ll educate you on the rationale behind each investment decision so you’re well-versed in the logic of our approach.
Assess Risks
We will pinpoint the exact amount of risk needed for you to help achieve your goals and remain confident in our services. After outlining your objectives, we’ll design a strategy that aligns with your optimal timeline for achieving your returns.
Suggested Gameplan
Through analytical research we identify the asset classes that will appropriately enhance our investment portfolios.
We carefully consider a series preferred investment product, including cost of management, performance and risk analysis. Once narrowed down to the appropriate product, we test your portfolio against a series of potential scenarios; recession, inflation and deflation. We look at strategic Alternative Investments utilizing the 1031 exchange to further enhance performance while simultaneously lowering overall risk.
Stay the Course
As these objectives change, we’ll strategically adjust our approach according to the current state of the market, so you continue to generate returns.
Retirement Income Planning
Retirement income planning can be the key to generating more money than you spend every month. This means that you can not only maintain your savings over the course of your retirement, but you can actually save even more. If you want to learn more about how to strategize and diversify your retirement income, the right financial advisor can do more than answer a few basic questions.
401(K) ROLLOVERS
If you’ve worked with multiple employers, you’ve likely contributed to multiple 401(k) retirement plans. Upon leaving, your retirement account options aren’t always clear.
You have four options: leave the funds alone, cash out, roll to your current 401(k), or roll the funds to an Individual Retirement Account (IRA).
Everyone’s situation is different, and not one size fits all. We run comparisons that show the best way to consolidate into an IRA. An IRA is far more flexible, allowing you access to a universe of thousands of investment options not included in a 401(k).
We help clients navigate the rollover process, often assisting with multiple rollovers.
As a business owner you have tremendous potential to make an eternal kingdom impact on your family, employees, and community by offering 401(k) plans to your employees.
ESTATE PLANNING
Estate planning is vital to your long-term financial plan. However, approximately only 1/3 of all Americans have an end-of-life plan. Though we are not legal professionals, we can help you begin planning and considering your estate plan.
As a Certified Financial Planner® (CFP®), I understand the intricacies and challenges accompanying wills, trusts, powers of attorney, guardianship agreements, etc.
How Estate Planning Works
Our team also understands more complex estate planning solutions for unique situations, high-net worth, and charitably inclined investors, including:
A-B Trusts (Bypass Trusts)
Living Trusts
Special Needs Trusts
Irrevocable Life Insurance Trusts (ILITs)
Charitable Remainder Annuity Trusts (CRATs)
Charitable Remainder Unitrusts (CRUTs)
Donor-Advised Funds (DAFs)
Insurance Planning
Life insurance can be an essential element of any financial plan. At its core, insurance is designed to protect our dependents in cases of death — or ourselves in cases of lost income.
However, we understand that shopping for life insurance can be an intimidating and confusing process. That’s why we brought insurance sales in-house. We offer term, permanent, disability, and long-term care. We also help business owners with key-person and buy-sell policies.
We recognize the cost and inherent conflict of interest in the insurance industry. As independent insurance agents, we recommend policies when needed, allowing us to find the most suitable policies at the lowest costs.
We Offer Various Insurance Options
In shopping for the most suitable policy for you, we can offer:
Term Life Insurance Quotes
Permanent Policy Illustrations
Disability Insurance Illustrations
Long-Term Care Illustrations
Business Insurance Consultations and Illustrations
1035 Exchange Illustrations Against Current Policies
Step into Financial Planning
Whether you’re five years away from retirement, 20 years from retirement or already in retirement, we’ll help guide you through the steps necessary to secure enough assets for your optimal retirement lifestyle. After evaluating your current financial situation, we’ll identify the income sources and opportunities that are most advantageous for you as you prepare for your life past employment.
Reviewing
Your investment strategy and ensuring you’re investing your wealth in a way that best aligns with your objectives.
Optimizing
Your spending habits so you continuously make decisions that benefit your broader financial picture.
Identifying
Potential income streams and ways you can continue to contribute to your nest egg while still securing the basic necessities.
Start Planning Your Future Today
We will pinpoint the exact amount of risk needed for you to help achieve your goals and remain confident in our services. After outlining your objectives, we’ll design a strategy that aligns with your optimal timeline for achieving your returns.
Through analytical research we identify the asset classes that will appropriately enhance our investment portfolios.
We carefully consider a series-preferred investment product, including cost of management, performance and risk analysis. Once narrowed down to the appropriate product, we test your portfolio against a series of potential scenarios: recession, inflation and deflation. We look at strategic alternative Investments utilizing the 1031 exchange to further enhance performance while simultaneously lowering overall risk.
As these objectives change, we’ll strategically adjust our approach according to the current state of the market, so you continue to generate returns.