Divorce
Background:
Naomi had been with her ex-husband since she was 18 years old. She had one daughter, wasn’t working, and didn’t have a hand in the household finances. She decided to leave her marriage after years of feeling unheard. Her ex-husband was a money manager who made all the decisions in their marriage and controlled all their money.
The Loss of a Loved One
Background:
Background:Rebecca reached out to us when her husband, Mark, of over 30 years passed away. Rebecca, who was 63, had been married before she met Mark but divorced when her children were young.
During her marriage with Mark, she did not worry about her finances. Rebecca was a publicist and Mark was a successful real estate broker. They lived in a townhouse on the Upper East Side in New York City, which allowed Rebecca to have easy access to Central Park.
Rebecca had conservative financial views and was always careful with money. Money was important to her because it gave her a sense of comfort and security. She saw money as a tool to be used to help improve the lives of those close to her, like her children and grandchildren, as well as to give to organizations that were important to her. She loved theatre and the arts and wanted to support them through donations.
Retirement
Background:
Background:Jonathan and Patty had been married for over 15 years and didn’t have a plan for their retirement. Jonathan was a successful attorney in New York, and Patty worked part-time for a local art gallery. They lived in Scarsdale, New York, owned an apartment on the Upper West Side, and lived an affluent lifestyle. They had three children approaching middle and high school and wanted to start planning for their college education.
Jonathan hadn’t felt trusting of financial advisors, in the past, and thought he could handle the planning on his own, but Patty felt it was important to seek the insight of a professional as they began approaching major milestones in their life.
Inheritance
Background:
Background:Emily became a Francis Financial client after receiving an inheritance at the age of 37. She was single, entering the peak of her career as a psychotherapist in Brooklyn, and had opened her own practice five years prior. She had been a saver her entire life, and she wanted to take this money and strategically plan for her future. She hoped to get married, have children and potentially buy a second home in the Hudson Valley in the next few years.
Family Planning
Background:
Background:Jennifer and Maria came to us with ambitious financial goals and a shared vision for their future. They live in southern California and had three main financial goals to become a family of three, buy a house near the ocean, and retire before the age of 60.
Strategic Wealth Planning for High-Earning Women
Background:
Renee was a highly successful senior executive who had built significant wealth through investments, retirement accounts, real estate, deferred compensation, and company stock. As her financial picture became more complex and her career evolved through multiple transitions, she recognized the need for a coordinated strategy to manage taxes, diversify her assets, and align her growing wealth with her long-term goals.