Life Transitions
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Financial Planning for Life Transitions
Harbor West is a fee-only, fiduciary wealth management firm specializing in financial planning & investment management for individuals undergoing or preparing for a significant life transition.
Dollars and Change: Financial Transitions
A transition is a life event that triggers some kind of change in your life. The hardest ones fall into three categories. The first is the failure of a clients’ business. The second, and most common, is a heart-wrenching divorce. The third, and most startling, is a death in the family or loss of a spouse. These are all times of painful mourning, but also the most critical times to resolve financial issues. Unfortunately, these situations make money difficult to talk about.
But when life changes, so do our finances. Marriage, divorce, the birth of a child, the loss of a spouse or a business, receiving a windfall, or even moving from one place to another are all forms of transitions that we encounter in our lives that affect our financial situations—some to a greater extent than others. The longer we live, the more transitions we are likely to encounter.
The most difficult part about facing a life transition is managing our emotional responses to change so that we do not make poor and damaging decisions with our money. It is for this reason that leaning on a financial advisor who can provide you an objective outlook on the state of your affairs can be an invaluable and life-changing decision.
Financial Solutions, Personal Relief
During your transition, the advisors at Harbor West help you to navigate the complex financial scenarios that may accompany your life change. Services will vary depending on your situation and the type of transition you are undergoing, but could include anything from settling an estate, to ensuring an equitable split of assets during a divorce, helping you invest your inheritance without overpaying in taxes, or guiding you through the sale of your business. Our goal is to ease the burden of your transition while working to enhance your financial outcome. We help facilitate the necessary financial changes and relieve the pain associated with them.
A PROVEN APPROACH
We take a disciplined approach to financial planning because, time and again, we’ve seen it work for our clients. And that’s why we believe it’s the best way to put your goals and dreams more within reach. Through an ongoing personal financial planning relationship, you’ll find the support you need to:
- Take advantage of opportunities and address the issues that come with each of life’s milestones.
- Find and close gaps that could keep you from achieving your dreams.
- Plan for your goals and make confident decisions based on your needs and unique financial situation.
- Address complex areas of your financial life, such as leaving a legacy to the people and causes you care about most.
- Track your progress and adjust your plan to stay on track with your goals.
Preparing for a Bright Future with Harbor West
Harbor West is a wealth management firm, a division of Northeast Comenity Bank dedicated to helping our clients reach their financial goals. Whether it’s assisting with your professional career, financial security for you and your family or retirement planning, helping navigate through life transitions like marriage/divorce, or asset and investment management, we customize your financial plan to your individual goals, aspirations, even dreams.
Schedule a Complimentary Consultation Call with One of Our Advisors Today