AWP & Private Wealth
Some seem to focus
solely on investments.
But they’re only one
piece of the puzzle.
We don’t take a myopic approach to your wealth.
Instead, we practice all-encompassing financial
planning to make sure that you have all of your
bases covered and to help you enter and enjoy
retirement with confidence.
AWP & Private Wealth
Each client has unique
needs. Complexity
and privacy are a
common thread.
Form a partnership with a team that specializes in handling
the intricacies of your wealth across the spectrum.
AWP & Private Wealth
We’re with you for
generations.
The average age of a financial advisor is 55 years old, and it is anticipated that approximately 40% of financial advisors will retire in the next 10 years.
We are not retiring anytime soon. We will be with your family for generations. Everybody talks about multi-generational planning; we actually practice it.
Your Unique
Circumstances Guide
Our Process
Understanding the ‘why’ helps us identify the issues that our work will address. Our planning process is integral to determining where and why the problem exists, how to fix it, how much it will cost you, how much it will save you, and what could happen if it goes unaddressed.
We identify gaps and inefficiencies driven by:
PRIVATE WEALTH SERVICES Investments are only
one piece of the puzzle.
Life and Business changes, along with new opportunities that occur throughout every year. These events impact your financial well-being and take on a domino effect, impacting investment risk/return considerations, tax, legal, estate, and asset protection requirements and outcomes. We offer a comprehensive approach to managing private wealth across the spectrum.
Asset Protection &
Privacy Planning
AWP’s asset protection planning strategies aim to protect your family to the fullest extent from creditors, predators, taxes, divorce, and probate.
Tax Planning &
Minimization
By analyzing the unique circumstances of your estate and employing creative strategies, AWP’s comprehensive and proactive approach works to minimize tax impact and protect assets.
Retirement Planning &
Paycheck Replacement
Strategies
Your retirement is for you to enjoy the lifestyle you’ve worked to establish for you and your loved ones––not getting bogged down with the management of your finances/investments. A partnership with AWP means we do it for you.
Portfolio Management
Whether for Public, Private or Real Estate investments, AWP uses research and analysis to determine which offerings are most attractive for your unique situation. AWP provides the flexibility to either manage portfolios both in-house, or by identifying, analyzing, and monitoring institutional-quality money managers.
Trust & Estate Planning
Whether you want to leave your assets to your loved ones or to your favorite charitable organization, AWP will work to design your estate planning strategy as a part of our overall family plan, collaborating with your legal and tax counsel to ensure that as much as possible is transferred to your heirs––not Uncle Sam.
Charitable Giving &
Philanthropy
AWP can help you maximize the giving and the financial impact to the organizations that you care deeply about. Whether establishing Employing Donor Advised Funds (DAFs) or Chartible Trusts, AWP will guide you through the process to execute on your wishes.
Take a closer look at our partnerships.
Every wealth story is different. See how we
approached some of our actual client partnerships.
Domestic & International Tax Planning
ESTATE TAXES
capital gain taxes
Domestic & International Tax Planning
One of our families has a large offshore business that operates both
inside the United States and internationally. Through thoughtful, creative, yet entirely legal tax planning, we devised a plan to save this family over $700,000 per year in domestic taxes tied to their offshore business.
Summary of OUTCOMEs
- Structured plan to save over $700,000 a year in annual income taxes.
- Setup offshore trust structure to hold and protect intergenerational family wealth.
- Saved family nearly $10 million in capital gains taxes during their liquidity event.
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Learn MoreDomestic & International Estate Planning
survivor income
legacy
Domestic & International Estate Planning
A family walked into our office for the first time with what they considered to be an “air-tight” estate plan that they had the utmost confidence in.
Unbeknownst to them, their estate plan failed to account for forced heirship laws in international jurisdictions, tax treaties between the countries, as well as how gift taxes in the country worked.
Without our guidance, they would have left multiple real estate assets to children from outside the marriage they never intended to bequest them to—forcing the surviving spouse to give up her beloved home, and short-changing
her long-term income.
With our guidance, they have structured their estate plan properly reflect the family’s wishes, saving potentially millions of dollars in future litigation costs amongst the family members, and providing for greater protection against threats from Creditors, Predators, Divorce and U.S. Estate Taxes. Now, their estate plan, both domestically and internationally, is indeed, as “air-tight” as it can be.
Summary of OUTCOMEs
- Navigated complex international tax treaties.
- Worked with foreign and domestic counsel to properly structure business and estate planning strategy to maximize benefits in both jurisdictions.
- Circumvented forced heirship allowing the spouse to inherit 100% of the assets instead of 1/3 under the laws of their country.
- Limited opportunity for future litigation around the estate from children who were outside the marriage.
- Protected assets from Creditors, Predators, Divorce and Estate Taxes for the next generation.
- Established philanthropic plan to fund a Private Foundation.
- Increased anticipated Survivor Income by over $1.6 million per year.
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Learn MoreEntrepreneur’s Sale of Medical Practice to Private Equity
tax savings
estate taxes
Entrepreneur’s Sale of Medical Practice to Private Equity
A family has built up a large medical practice that has attracted the attention of private equity investors, and various private equity firms were already approaching this practice to make a purchase. We assisted this family in the negotiations with the potential buyers, and restructured their business so they could command a higher price. This family is now on track to sell their practice for much more than originally anticipated. Our plan also allows for the family to discount the value of their business when calculating estate taxes by nearly 30%-35%—equating to an estimated future estate taxes reduction of $15 million.
Additionally, because the parents of this family financially support their children, we created a structure to shift income from the parents to the children, taxed at the children’s tax rate instead of the parents. Employing this income shifting technique allows for the parents to save an estimated $200,000 in income taxes each year.
Summary of OUTCOMEs
- $200,000 a year in federal income tax savings
- Maximized value of the business.
- Minimized income tax liability from the sale.
- Effectively transferred intergenerational assets to the children upon the sale without inheritance or gift taxes.
- Obtained marketability and lack of control discounts for estate planning purposes – providing a reduction in estate taxes of nearly $15 million.
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Learn MoreMultigenerational Real Estate Family – Investor/Developer
taxes eliminated
avoided
Multigenerational Real Estate Family – Investor/Developer
One of our families is in the business of investing in, managing and
developing real estate. Many of the real estate assets were purchased in the 1980s and 1990s. Prior to consulting with us, the family would have had to pay a large amount of capital gains tax upon the sale of most of their properties. We have structured their estate plan to provide a step up in cost basis upon the death of the eldest member in the family, providing for over $5 million dollars in capital gains tax savings. This tax savings will allow the family to reposition the capital moving forward in a more growth-oriented fashion.
The son of this family is actively involved in the management of their real estate portfolio. Our advice enabled this family to shift the majority of the assets outside of his taxable estate. Even with conservative return assumptions, our plan could save this family in excess of $500 million in estate taxes over the next 50 years. Additionally, the family business is now structured in a way that provides for a significantly greater level of protection from threats posed by creditors, predators, and divorce.
Summary of OUTCOMEs
- Structured their entire intergenerational real estate portfolio to get a “step-up” in basis.
- Creatively eliminated over $5 million in potential capital gains taxes.
- Shifted the majority of the assets outside of the family’s taxable estate without gifting.
- Structured the family’s estate plan and family partnership to avoid in excess of nearly $500 million in estate taxes over the next 50 years.
- Protected their son’s assets (exceeding $10 million in his mid 30’s) from predators, creditors, divorces and estate taxes – without using his lifetime exemption.
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Learn MoreCorporate Executive & Sophisticated Investor
eliminated
tax savings
Corporate Executive & Sophisticated Investor
A C-Suite Executive’s company was recently acquired by a new parent and generated a liquidity event in excess of $100 million. The anticipated income tax liability was in excess of $24 million.
There were additional stock grants that were to be issued for several years beyond creating a multi-million dollar tax liability annually.
Further, we structured a tax-efficient retirement income and charitable giving plan that maximized the benefit for the causes that the family supported annually – and reduced their projected estate tax liability (at death) by more than $174 million.
Summary of OUTCOMEs
- Structured plan to wipe out $24 million in capital gains taxes on a near $100 million liquidity event.
- Creatively eliminated over $5 million in potential capital gains taxes.
- Setup investment advisory and wealth management expenses to become deductible (over $500,000 per year). Providing a tax savings of in excess of $293,650 annually (if you gross it up).
- Eliminated a potential estate tax liability of $174 Million at life expectancy.
- Setup a plan to reduce annual income taxes by an additional $200k annually.
- Maximized tax efficiency of charitable giving strategy.
- Restructured life insurance financing premiums instead of using annual gifting to maximize legacy.
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