High Income Professional Clients

Transition to a New Career

We have been working with an oil and gas executive and his wife who had spent over 20 years in the industry. They had built significant wealth through company stock, retirement plans, and brokerage accounts. As they looked to retire early and pursue a career in the non-profit sector, they were concerned about how to manage their assets so that a drop in income wouldn’t affect their long-term financial goals.

To help them, we conducted a stress test on their finances, particularly looking at their investments and tax planning. We discovered that their retirement portfolios were strong enough to support them long-term, but they needed to reposition their brokerage assets to cover 50% of their income during the transition. We created an investment strategy based on their risk tolerance, lifestyle needs and family goals - all while managing the tax impact of this change.

With this plan in place, they felt confident that their hard-earned wealth could sustain their future and allow them to explore new, meaningful careers without financial worry. During this major life transition, we helped ensure that they were making an informed decision on their next steps without sacrificing their financial security.

*This is a hypothetical situation based on real life examples. Names and circumstances have been changed. The opinions voiced in this material are for general information only and are not intended to provide specific advice or recommendations for any individual. To determine which investments or strategies may be appropriate for you, consult your financial advisor prior to investing.