Defining Your Wealth Management Goals

You may feel financially strong but disorganized. What you need is a realistic framework so you can better seize financial opportunities as they arise.

Before you can create a wealth management plan you need to take a snapshot of where you are today financially. Net worth is measured as the excess of all your assets over all your liabilities:

What You Own – What You Owe = Net Worth

Now that you know what you have, you must decide what you want from the wealth planning process.

Ask yourself:

What are your primary financial goals?

  • Building and protecting an estate
  • Charitable giving
  • Protection against loss/illness
  • Protecting investments
  • Ensuring an adequate retirement income
  • Minimizing taxes
  • Transferring a business to heirs

What are your estate planning goals?

  • Use gifting as part of an estate plan
  • Set up a trust for heirs
  • Transfer ownership of a business
  • Use trusts to achieve charitable goals
  • Set up a private foundation
  • Use insurance as part of an estate plan

What financial techniques are you interested in learning more about?

  • Utilizing long-term care insurance to protect assets
  • How to maximize retirement income
  • Plan retirement plan distributions
  • Choose the right type of insurance
  • Split-dollar insurance plans
  • Create an asset allocation plan for investments
  • Create a capital gains strategy
  • Asset protection planning
  • Shifting or deferring income

There are many different strategies to manage your wealth. The ones that will work best for you will depend on your unique situation.

Defining your future goals and identifying techniques are the first steps to building a wealth management strategy. To better understand your current place in the wealth management process and create a strategy for wealth accumulation, protection, and preservation and distribution, contact a wealth management advisor today.
Bleakley, Schwartz, Cooney & Finney, LLC
100 Passaic Avenue
Suite 300
 • Fairfield, NJ • 07004-3508
Phone: (973) 575-4180

Northwestern Mutual is the fleet name for The Northwestern Mutual Life Insurance Company, Milwaukee WI (NM), its subsidiaries and affiliates.  Bleakley, Schwartz, Cooney & Finney is a marketing name used by Northwestern Mutual representatives located at 100 Passaic Ave, Suite 300, Fairfield, NJ 07004-3508.  Bleakley, Schwartz, Cooney & Finney is not a registered investment advisor, broker-dealer, federal savings bank or subsidiary or affiliate of NM.  Insurance Products are available through insurance agents of The Northwestern Mutual Life Insurance Company, Milwaukee, WI (life insurance, disability insurance, and annuities) and Northwestern Long Term Care Insurance Company, Milwaukee, WI, a subsidiary of NM (long term care insurance).  Securities and investment advisory programs are offered through registered representatives and investment advisory representatives of Northwestern Mutual Investment Services, LLC (NMIS), a wholly-owned company of NM and a dually registered broker-dealer and investment adviser, member FINRA (www.finra.org) and SIPC (www.sipc.org).Investment advisory programs and trust services are offered through Representatives of Northwestern Mutual Wealth Management Company® (NMWMC), Milwaukee, WI, a wholly-owned company of NM and limited purpose federal savings bank.  Investment products are not insured by the FDIC, are not deposits or other obligations of, or guaranteed by, NMWMC or its affiliates and are subject to investment risks, including possible loss of the principal amount invested. The products and services referenced are offered and sold only by appropriately appointed and licensed entities and representatives of such entities.  Each Financial Representative represents one or more, but not necessarily all of the entities shown and may not provide all the services discussed on this Web site. Not all products and services are available in all states. The Northwestern Mutual Life Insurance Company is neither a registered investment adviser nor a registered broker-dealer. There may be instances when these insurance agents represent insurance companies in addition to NM or its affiliates.Not all persons using the Bleakley, Schwartz, Cooney & Finney name are able to offer advisory services or securities.