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Professionals

Helping grow and preserve the wealth you worked hard to achieve

Medical, legal, accounting and other professionals often face considerable time constraints, which impacts their ability to prioritize making their own crucial decisions, thus impacting long-term financial health.

Hightower Wealth Advisors | St. Louis collaborates with professionals like you to customize solutions for situations like these:

  • We are a one-income household. How do we protect against death or disability?

  • I want to save for my children’s college. Where should I start?

  • How can I minimize the tax impact from my partnership distribution?

  • I’m getting ready to retire. When should I consider adjusting my savings plan?

Services for Professionals

HTSTL Planning Image

Planning

Analyzing the impact of practice buy-ins and other life changes for busy professionals to implement a successful retirement strategy.

  • Retirement Planning

  • Accumulation Strategies

  • Practice Buy-In Guidance

  • Lending Solutions, including Buy-In Financing

HTSTL Protecting Your Wealth

Wealth Protection Planning

Helping professionals examine their risk and tax planning needs to protect their assets for the future.

  • Insurance Planning

  • Tax Minimization Strategies

  • Asset Protection from Employment Liability

  • Accountant and Attorney Coordination

HTSTL Legacy Planning

Legacy Planning

Bringing generations together to create a meaningful strategy for transferring wealth to future generations and other family causes.

  • Advanced Estate Planning

  • Charitable Giving

  • Moderated Family Meetings

  • Family Education

HTSTL Investment Strategies

Investment Strategies

Developing and executing a diversified portfolio strategy that addresses the existing and future needs of professionals.

  • Personalized Investment Strategies

  • Private Investments

  • Corporate Retirement Plan Coordination

  • Comprehensive Allocation Coordination

Who can I turn to for help managing my financial life?

Why You Need a Personal CFO

Working with Professionals

The Dilemma

Peter, who is a dentist, and his wife Linda who is surgeon, both are in their 40s and have successful medical practices. They have three pre-teen children and know they should be more aggressively saving for college, but also know that retirement isn’t that far away either. Peter and Linda want to make sure they are financially positioned to pay for their kids to attend college, but also that they can live a very comfortable retirement. They also want to be prepared to handle something unforeseen, such as if one of them were to become disabled or even unexpectedly pass away.

Each are putting money into their own 401(k) plans, but they feel like they need help choosing investments within their plans to make sure their portfolios are diversified. Peter also suspects there are more tax efficient ways they could be saving for their goals.

On top of everything else, Linda needs to buy into the surgery center she works with over the next few years, and neither of them know how to best fund that expense.

The Solution

Hightower Wealth Advisors | St. Louis first determined how much the couple needs to have saved for each child as they turn 18. Assuming they’ll fund four years of college for each, and adjusted for inflation, we helped the couple allocate the right amount each month in tax advantaged 529 plans.

Next, we constructed a retirement plan framework for them to begin working towards. The plan, which incorporates our professional 401(k) management and includes back door Roth IRA contributions, is flexible. It allows for changes in variables like retirement age, annual spending goals and legacy plans, because we recognize that sometimes things change as this transition time grows closer. We also developed a plan for Linda to buy into the surgery center using current assets and financing available through Hightower.

Finally, we helped the family implement an estate plan and proper insurance solutions to protect the children and each other in the event of unexpected death or disability. Working with the couple’s estate attorney, we helped the couple develop an estate plan with all the proper documents and coordinated with their tax accountant to maximize lifetime tax efficiency.

This is a fictional situation. Specific financial advice references provided herein are for illustrative purposes only and are not representative of decisions that have been made since the case study was published nor of decisions that would be made in the future. Advisors’ services, investment strategies and conditions for accepting accounts may vary.

Learn more about our solutions for Professionals by checking out our Resources.

Resources

Talk to us about a path towards your goals

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1401 S. Brentwood Blvd.
Suite 550
St. Louis , MO 63144


Office: (314) 598-4060
Fax: (314) 754-9132

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Hightower Advisors, LLC is a SEC registered investment adviser. Registration as an investment adviser does not imply a certain level of skill or training. Some investment professionals may also be registered with Hightower Securities, LLC and offer securities through Hightower Securities, LLC, member FINRA/SIPC. You can check the background of our firm and investment professionals on brokercheck.finra.org. Unless otherwise indicated relative to a specific award or ranking, Hightower Advisors, LLC does not pay a fee to be considered for any ranking or recognition, but may have paid to publicize rankings obtained and disseminated prior to 11.4.2022. All awards / rankings / ratings obtained and distributed on or after 11.4.2022 will be accompanied by specific disclosure as applicable.

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