Client Case study #3

Eric and Aimee Cassel, 60

Australian Executive & Family, Permanently Relocated to the US

Primary Goals:

• Late stage career planning and transition to retirement in the US
  
• Setting up a clear retirement income plan which takes into account his Australian investment property, managed fund portfolio, inheritance and Superannuation
  
• Selecting and coordinating advice with an Australian financial planner
  

The Challenge

• Eric knows his retirement date is quickly approaching and he would like to have a strategy in place for how he will receive income in retirement and minimize his tax liability.
  
• As he approaches this next stage of life, he wants an expert to help him make strategic decisions with his money.
  
• He also wants recommendations regarding how to handle his Australian investment accounts (brokerage and superannuation) and real estate, as he plans to live the rest of his life in the US.
  

The Approach

The Cassel's know they don't have the necessary expertise nor time to handle these matters on their own, which is why they pursued professional help from a financial planner.

The Results

When the Cassel's hired a financial planner, they were concerned about more than just their investments. Eric wanted help with the entire financial picture, especially retirement income planning, recommendations on how to handle his global assets, and taxes.

A comprehensive plan was put together that met all their needs:

• A tax-efficient investment strategy that made the most of a complicated executive benefit package to reduce risk and improve returns.
  
• Reduced investment costs.
  
• Improved asset allocation to better align with his goals and risk exposure.
  
• A smart, sustainable retirement income plan.
  
• Reduction of tax liabilities through charitable giving, roth conversions, social security timing, and more.
  
• He also adopted an easy-to-use personal finance website, helping him organize his financial life and gain clarity.
  
• The Cassel's now enjoys the peace of mind that comes from a clear retirement income plan. Eric has more energy and mental space to dedicate toward what he enjoys — knowing he has the choice to totally retire when the time is right.
  

Note: The above case study is hypothetical and does not involve an actual Areté Wealth Strategists client. No portion of the content should be construed by a client or prospective client as a guarantee that he/she will experience the same or certain level of results or satisfaction if Areté Wealth Strategists is engaged to provide investment advisory services.