Case Study: Corporate Executive
Over the course of his career, a busy senior executive has accumulated a concentrated stock position as part of his compensation. With retirement approaching, he is beginning to worry about the risk associated with a concentration in one security and how he might generate income during his retirement.
Boston Private Solution
His Boston Private Client Advisor worked closely with him to gain a thorough understanding of his financial goals and situation, including his income needs during retirement and his tax status. Boston Private Wealth then evaluated techniques for diversifying his assets. Through a combination of derivative strategies and gradual divestment of his concentrated stock position, Boston Private reduced his portfolio risk that was specific to his company and industry, utilizing the proceeds from that divestment to implement a customized asset allocation strategy designed to meet his retirement income requirements, as well as financial goals.
As a result of his work with Boston Private , the Corporate Executive now has a more diversified portfolio and more secure income path designed to help him realize the retirement he envisioned for himself.