Risk Management
Risks come in all shapes and forms and are not always easily identifiable. For example, one of the most common risks that we see are when a client owns “too” much of one stock in a concentrated position.
We work with clients to develop strategies to help mitigate, manage, or eliminate risks. Whether it’s protecting what our clients have worked so hard to accumulate, or carrying out their wishes in the event of an unforeseen circumstance, we consider risk management a vital component to assisting our clients with their financial well being.
Insurance Analysis
If your house burns down, or if you become disabled, or if you’re sued, your financial future may be in jeopardy. Insurance planning is the foundation for reducing such risks. A complex lifestyle requires a sophisticated group of advisors. We will work to review your insurance needs with the proper insurance professional that meets your requirements.
Our Life Insurance Review service can assist you in monitoring the performance of your life insurance coverage. In the event that your policy is not meeting your needs, we can review alternatives that will allow you to make an informed decision based on unbiased information
We will work with you to properly align and incorporate Personal Risk Management into the solid wealth management plan that we develop.
Concentrated Positions
Investors in places like Lucent, Enron, and WorldCom have experienced that pain of a concentrated bet.
We’ve helped many clients through the psychological and tax costs to reduce their risk. Creative techniques exist for dealing with concentrated positions. There are pros and cons to all defensive strategies. Some are very complex others are fairly straight forward. The best answer is often the combination of these strategies.
Stock Option Planning
It is becoming increasingly popular for companies to award stock options as part of employee compensation, and senior executives, in particular, can accumulate large positions in company stock options. Indeed, many senior executives may find that a significant portion of their wealth is tied up in options, which may pose more risk than they are willing to bear.
Many factors can influence the value of your options, and making the decision if and when to exercise can be difficult. Together with a tax advisor, we can determine the value of your options and discuss a broad range of alternatives for planning your option strategy and attempting to reduce your exposure to concentrated positions in one company's stock.
At Tannery & Company Wealth Management, we simplify a complicated process and help you extract the maximum value from your options.