Some well-timed and well-placed stock purchases…
had earned the Nolan family significant wealth over the years, and they were living comfortably on their investment income. The son, Andrew, knew his mother was aging and sought the advice of their long-term financial advisor at their bank on how to best protect their wealth as his mother aged. Referred to an estate planning attorney, the family set up a trust to ensure the mother’s wishes would be followed, and the family’s wealth would transfer to the next generation.
Busy with his family and work, Andrew thought everything had been taken care of and pushed it from the back of his mind. With questions on how to care for his mother as she aged, and whether the family’s wealth could be used for certain expenses, Andrew recognized that the financial advisor from his bank was not providing comprehensive financial planning and came to Passport Wealth Management.
All investing involves risk, including the potential for loss of principal. There is no guarantee that any investment plan or strategy will be successful. This is a hypothetical case study, not a statement of client experience. The situation described above is reflective of the processes, views and opinions of Passport Wealth Management and does not reflect the opinion or testimonial of any particular client.
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