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Wealth Management Lexington: Planning For Couples – PillarWM

Wealth management is an essential practice for all high net worth and ultra-high net worth individuals. However, it is especially crucial for couples that wish to plan a financially secure future together. You and your partner may face numerous challenges in the coming years, so you should seek out services for wealth management. Lexington residents with $5 million to $500 million in liquid investment assets should get in touch with Pillar Wealth Management for such services. Our special guide for investors with $10 million or more can teach you how to preserve your wealth for a secure future.

7 Secrets minified

7 Secrets To High Net Worth Investment Management, Estate, Tax and Financial Planning

The insights you’ll discover from our published book will help you integrate a variety of wealth management tools with financial planning, providing guidance for your future security alongside complex financial strategies, so your human and financial capital will both flourish.

Clients frequently share with us how the knowledge gained from this book helped provide them tremendous clarity, shattering industry-pitched ideologies, while offering insight and direction in making such important financial decisions.

Table of Contents
Tips for Investing as a Couple
Why You Need Wealth Management Lexington.
Why Should You Choose Pillar Wealth Management?

Tips for Investing as a Couple

Many high net worth as well as ultra-high net worth individuals believe that their financial priorities won’t change after marriage. However, there are many concerns you will need to be prepared for in the future. If you or your partner have multiple investments as a part of your portfolio, you will need to manage them effectively to ensure your wealth is kept safe into the future. Here are some tips for investing as a couple.

1. Discuss Your Finances

Whether you are already married or are planning to settle down with your partner in the near future, you should have an in-depth discussion regarding your finances. The specific questions to ask your partner will vary depending on their career status and background.

If they are working and are pulling in active income, you should ask how much they are earning. It would be best if you also asked how long they intend to continue with the same job or occupation.

If your partner is also a high net worth or an ultra-high net worth individual, they may already have multiple investments they are managing. It would help if you learned about each of these investments and the markets they are tied up in.

2. Identify any Owed Debts

High net worth individuals generally have high expenses. For this reason, it’s not uncommon for them to take on debt. It is advisable to pay off any outstanding debts as soon as possible; however, you and your partner may be reluctant to liquidate your assets for debt repayment purposes.

Maintaining debt for an extended period can damage your credit score and limit your ability to take out investment loans in the future. Effective wealth management practices may help you and your partner get rid of debt without sacrificing your investments. Sign up for a free consultation with our wealth management experts to learn more about investing with debt.

Wealth Management Lexington

3. Maintain Separate Bank Accounts

Many high net worth as well as ultra-high net worth couples maintain separate bank accounts. This is frequently seen because each person wants to continue maintaining financial independence to a certain degree. However, this doesn’t mean you can’t open a separate joint account.

It’s common for couples to maintain their individual accounts while regularly transferring a percentage of their earnings into a joint account. The earnings from these joint accounts are often used for future investments.

4. Understand Your Partner’s Risk Tolerance

A significant percentage of disagreements between couples occur over financial matters. You may have already had a financial disagreement with your partner at some point. This is an inevitable occurrence, but it can be an on-going issue until you have fully understood your partner’s approach towards investment and have adapted to it.

It is important to understand your partner’s risk tolerance and compare it with your own. Suppose you are a conservative investor that focuses primarily on low-risk and low-reward investments. You may be appalled to see your partner encouraging you to take on riskier assets.

You should be able to find a clear middle ground that helps you and your partner achieve your long term financial goals with the help of our wealth management services. Our book The Art of Protecting Ultra-High Net Worth Portfolios and Estates – Strategies For Families Worth $25 Million To $500 Million includes various strategies for allocating assets with your partner.

5. Chart Out the Right Tax Strategy

Filing in your own tax returns can seem like a chore for high net worth and ultra-high net worth investors with many assets. You may be required to disclose your assets to the IRS and understand the various tax implications of your investment portfolio during this process.

Managing your taxes becomes even more complicated if your partner is a higher earner too. When two high-income individuals combine their wealth, they may be pushed into a higher tax bracket.

The earnings from your partner’s assets may also cause you to be taxed a higher short-term capital gains rate. This could reduce the value of the gains you and your partner make from your investments. Read our helpful guide on improving portfolio performance to learn how you can minimize taxes on your investments.

Why You Need Wealth Management Lexington.

High net worth as well ultra-high net worth individuals can benefit from the numerous services that wealth management Lexington firms offer. At Pillar Wealth Management, we provide services related to investment management, estate planning, tax management, retirement planning, and risk management. Sign up for a completely free special consultation to learn more about our services.

Investment Management

Keeping track of numerous investments across different markets takes time and effort that many investors do not have. If you are focused on looking ahead and finding your next big investment, you may feel held back by your prior investments and decisions.

Our wealth managers have plenty of experience assisting clients with their portfolios and keeping their existing assets secure. When you sign up for our services, we study your existing portfolio carefully and identify any risks that you and your partner may be exposed to in the current market.

We then use our in-depth knowledge of markets and investments to craft personalized plans to help you meet your long term goals.

Estate Planning

Estate planning is a task that should be addressed as soon as possible for couples. Once you or your partner are gone, there may be issues regarding the management and distribution of assets, as well as estate taxes.

At Pillar Wealth management, our experts can carve out different strategies to help limit taxes on your estate. We can also help create or update financial plans to keep your family well looked after following an untimely departure.

If you already have an estate plan in place, you should allow our wealth managers to look over it to ensure that there aren’t hidden risks that could jeopardize the transference of your assets. Protect your finances and ensure that your wealth is transferred to the right people with our help.

Tax Management

As mentioned earlier, tax management can be a complicated process for couples. Many high net worth and high net worth individuals struggle to understand the basics of tax management. However, you will need to use advanced tax management techniques if you wish to minimize taxes on your assets.

Our wealth managers can assist in charting out tax management strategies that are easy to follow while helping you save significantly on your taxes.

Retirement Planning

Many high net worth as well ultra-high net worth individuals dream of living a worry-free retirement in which they earn passive income from their assets. This can be made possible by creating and following an effective retirement plan.

Retirement planning is a core part of wealth management Lexington. At Pillar Wealth Management, we can help you plan a source of income in retirement that enables you to live the lifestyle you have always dreamed of.

With the right plan, you won’t need to depend on your family for support. In fact, we may be able to create a financial plan to fund education for your children or grandchildren. Choose the right financial advisor to help with your retirement plan using our special guide.

Risk Management

High net worth as well ultra-high net worth individuals take on hidden risks each time they add new assets to their portfolio. These risks could jeopardize the safety of your portfolio and undo the effort that you and your partner have put into creating it. We discuss the risk of market fluctuations in our guide for investors with $10 million or more.

Our wealth managers can help you decide which investments are worth risking and which ones should be avoided in your quest to grow your wealth. Hiring experienced professionals to manage your assets is a wise decision that could pay off in the future. Sign up for a free consultation with our wealth managers at our website.

Why Should You Choose Pillar Wealth Management?

You may come across numerous wealth management firms while searching for wealth management Lexington for couples. However, few firms can provide the level of expertise that we offer at Pillar Wealth Management. Our clients trust us to guide them in their investments for the following reasons.


Experience counts for a lot when it comes to wealth management. Managers at new wealth management firms will try to convince you that they understand the ins and outs of markets and investments. However, some knowledge in these areas can be gained only through experience. You can learn more about the strategies we use in our portfolio growth guide.

At Pillar Wealth Management, we have 60+ years of experience serving clients. We have assisted them in managing their assets and safeguarding their future. Market conditions often shift in an instant, and when this happens, you will need reliable experts to guide you along.

Don’t settle for an ordinary wealth manager when you can use a great wealth management company.

Custom Plans

Ordinary financial advisors and wealth managers sometimes provide clients with generic plans for risk management, estate planning, and tax management. However, this approach assumes that each client has the exact same financial background and life goals.

At Pillar Wealth Management, our wealth managers study your portfolio thoroughly and identify both your immediate and long term needs. We then create custom plans to help you achieve your short term and long term goals. You can expect numerous options for wealth management to choose from.

Our experts understand that you may have a limited understanding of asset management. This is why they ensure that each plan is easy to understand and execute.


Managing your wealth is an on-going process. At Pillar Wealth Management, we aim to provide clients with our expertise at every turn. We offer to maintain regular contact with each one so that they can consult us before making each financial decision.

We take on a limited number of clients each year because we understand the importance of providing each one with individual attention.

Transparent Fees

Some wealth management firms may charge clients each time they consult with one of their wealth managers. In addition to this, they often include hidden fees that aren’t known to the client until they have already signed up for services.

At Pillar Wealth Management, we understand how frustrating hidden fees can be, especially when you are seeking assistance regarding financial advisor Lexington matters. This is why we have made our fees completely transparent. We charge an annual fee with no hidden costs. This is to ensure that our clients are well aware of how much they will be paying for our services.

If you want to learn more about why Pillar Wealth Management is one of the premier wealth management firms in the country, sign up for a free consultation at our website.

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