We strive to help individuals and families manage wealth, retire successfully, and establish a lasting legacy. Our goal is to simplify and strengthen your financial life so that you can enjoy living.
Retiring Successfully
People are living longer, and gauging whether you’ll have enough in retirement savings to live comfortably for the rest of your life can be challenging, even for those with substantial savings. Working with a wealth planning professional can help you determine if you are on track to meet your goals and, if necessary, identify steps to take to help you get back on track.
Protecting Your Estate
If you want to protect your loved ones – your spouse, children, grandchildren, even your pets – and the assets to set aside for their well-being, you may want to consider setting up a trust.
Engaging Aging Parents
It can be challenging for families to talk openly about future plans, needs and desires for aging parents. Yet, you should consider adopting a proactive approach when working with family members to develop a plan that will adequately support mom or dad’s needs and wishes regarding healthcare, living arrangements or long-term financial wishes.
Raising Financially Responsible Children
Educating children about money, wealth and financial planning is a critical step in helping them to build their futures. As a wealth creator and thoughtful investor, you want to be sure your children understand how to manage their finances and make good, informed decisions when it comes to spending, saving and investing.
Case Study | Multi-Generational Family
A trust had to be distributed to more than 12 beneficiaries, ranging in age from 18 to 70, and the family needed help with:
- Re-aligning investments with a focus on tax efficiency. The trust was heavily concentrated in stock positions with substantial gains, necessitating professional tax management and rebalancing the portfolio for subsequent distributions.
- Transparent communication. Some of the beneficiaries had concerns about the process and involvement of other family members.
- Family education. Many of the beneficiaries had never managed wealth and needed guidance for proper long-term planning.
Our Solution
We began active management of the trust assets in order to transition the assets in the most tax-efficient manner possible. After consulting with family members regarding their short and long-term priorities, we began rebalancing the trust portfolio to align with the goals of the beneficiaries and eliminated over-concentrated stock positions in the process.
Case Study | Family Office
An established family office, which served a multi-generational family with assets of $100 million, had the majority of assets in trusts. The family office was thinly staffed and in need of a partner with a flexible range of services.
Our Solution
After a full assessment of the client’s needs, Boston Private Family Office Services worked closely with the family office to develop some innovative solutions to its various challenges.
Related Services
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Private Banking |
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Wealth Planning |
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Family Office Services |
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Trust & Estate Planning |
Community Homeowner Programs
Our lending experts have developed products to help low- and moderate-income families to attain their dream of homeownership. We have special expertise in financing community development projects that use Low Income Housing Tax Credits, New Markets Tax Credits, rental subsidies, and other governmental programs.
Our Thinking
As this summer boasted strong index returns on major gains in the tech sector, we’re now facing the potential for stagnating economic growth ahead of the election season, with uncertainties related to Covid-19 still on the horizon. Listen now as Shannon Saccocia, Chief Investment Officer, provides her analysis.
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In this week’s Family Office Connections podcast, Edward Marshall is joined by Anne Lyons and Judy Boerner-Rule for a discussion on the evolution of the estate and lifestyle management industry and changes imposed by Covid-19. Listen Now.
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With the later summer months sending stocks higher, even as the global pandemic remains a clear and present threat. What will the rest of autumn bring?
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Edward Marshall, Managing Director at Boston Private is joined by Jason Cain, Managing Director at Boston Private for a discussion on the Trump and Biden tax plans. Their conversation covers the tax proposals of the presidential candidates, an examination of the differences and potential preparations family offices should consider.
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