Family Office Approach
We work with high-net-worth individuals and their families in a similar way that a “Family Office” operates. That means we take a comprehensive approach to establishing a relationship to understand and provide advice on both of our client’s financial and personal affairs.
Some individuals and families hire tax accountants and lawyers to work alongside their portfolio manager and other administrators in their own family office. MAR Wealth Management can help coordinate these interconnected areas by working with a client’s existing advisers and, where necessary, engage quality outside experts. These efforts help us simplify the complexities of issues that families face. The result: a holistic and boutique family office experience.
Given our high level of personal involvement with each family, we intentionally maintain a small, select group of families and individuals with whom we work. We make ourselves accessible to them at any time of the day, for any reason. We are discreet, and confidentiality is of the utmost importance.
This type of relationship transcends the experience most folks have experienced in the past with other professionals. In any successful relationship, collaboration and communication is vital. We recognize in a mutual way that you have to be comfortable working with us, and we have to be comfortable working with you. We are selective in the relationships we take on because in our view, this is a lifelong partnership.
A Personal Touch
For successful individuals and families, building, preserving and passing along their personal wealth requires customized services and specialized attention. As we see it, a level of personal involvement with a client is required in order to fully understand the total scope and complexity of their financial and personal concerns.
How We Begin a Relationship
As a client of MAR Wealth Management, we first take the time to listen and understand you and your family’s personal and financial goals and aspirations. We want to know the complexities of your life – in all aspects – and what burdens we can help alleviate or simply manage better. Only after we develop this relationship and build a mutual level of comfort, will we be able to provide the most suitable advice. We then begin to construct a personalized financial plan to help get you to where you want to be. Our approach is similar to that of a “Family Office,” extending far beyond managing just the investments that most wealth advisers provide. We become personal stewards of your financial life, managing and advising on all aspects of your financial affairs: investments, insurance, taxes, estate planning, real estate, personal property and more.
What to Expect Moving Forward
Organization. We will help bring order to your financial life, by assisting you in getting your financial house in order (at both the “macro” level of investments, insurance, estate, taxes, etc., and also the “micro” level of household cash flow).
Accountability. We will help you follow through on financial commitments, by working with you to prioritize your goals, show you the steps you need to take, and regularly review your progress towards achieving them.
Objectivity. We bring insight from the outside to help you avoid emotionally driven decisions in important money matters, by being available to consult with you at key moments of decision-making, doing the research necessary to ensure you have all the information, and managing and disclosing any of our own potential conflicts of interest.
Proactivity. We work with you to anticipate your life transitions and to be financially prepared for them, by regularly assessing any potential life transitions that might be coming, and creating the action plan necessary to address and manage them ahead of time.
Education. We will explore what specific knowledge will be needed to succeed in your situation, by first thoroughly understanding your situation, then providing the necessary resources to facilitate your decisions, and explaining the options and risks associated with each choice.
Partnership. We attempt to help you achieve the best life possible but will work in concert with you, not just for you, to make this possible, by taking the time to clearly understand your background, philosophy, needs and objectives, work collaboratively with you and on your behalf (with your permission), and offer transparency around our own costs and compensation.
How Your Assets are Safeguarded
All clients have full online access to track and review their performance and receive paper statements and trading confirmations in the mail. MAR Wealth Management is a State Registered Investment Adviser headquartered in West Palm Beach, Florida. MAR Wealth Management was created to provide independent financial advisers with access to the full complement of products and services required to service high-net-worth clients. We custody our clients’ assets with Charles Schwab & Co., so clients have peace of mind with how their assets are safeguarded.