Private Wealth Services and Management Solutions

Private wealth services offer a range of management solutions to help individuals and families achieve their financial goals. These solutions often involve a team of experts who work together to provide tailored advice and support.

A key aspect of private wealth services is the ability to manage complex financial situations, such as estate planning and tax optimization. This can be particularly important for high net worth individuals who have accumulated significant wealth over time.

Private wealth services can also help individuals and families plan for the future, including setting up trusts and other financial vehicles to ensure their wealth is passed down to future generations.

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We offer a range of services to help you manage your wealth. Our private wealth managers take a tailored approach, understanding your unique financial goals and objectives. They stay up to date with your individual needs and offer a range of services that touch upon many different aspects of financial well-being.

We can help with investment management, tax planning, financial planning, estate planning, education planning, charitable giving planning, and more. Our services are designed to optimize your wealth and protect it for the future.

Our private wealth managers work closely with you to understand your financial goals, risk tolerance, and investment preferences. They establish a complete picture of your personal and financial circumstances, including assets, liabilities, income, and expenses.

Our services include:

We also offer access to otherwise-restricted securities, such as private placements, private funds, and alternative investment options. This can provide increased diversification and alternative streams of income to help improve portfolio performance.

Our private wealth managers can add value in various ways, such as purchasing undervalued securities, selling overpriced securities, and improving asset allocations. Efficient tax management is essential, as taxes can significantly impact net performance for the taxable investor.

Private wealth services are designed to cater to high net worth individuals, typically those with assets exceeding $1 million.

The first step in getting started with private wealth services is to understand your financial goals and risk tolerance.

Private banks often have a minimum account balance requirement, usually around $1 million to $5 million, to qualify for their services.

It's essential to research and compare different private banks and wealth management firms to find the one that best suits your needs.

A good private wealth service provider should have a team of experienced financial advisors who can offer personalized advice and guidance.

According to a survey, 80% of high net worth individuals prefer to work with a financial advisor who has a deep understanding of their specific needs.

It's also crucial to review and understand the fees associated with private wealth services, which can include management fees, administrative fees, and other expenses.

Typically, private wealth services charge a fee ranging from 0.5% to 2% of the assets under management.

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Our team provides expert services to manage and protect your private wealth. We have extensive experience in Corporate Law.

We also offer specialized support in Employment & Labor Law, ensuring compliance and minimizing risks. This expertise helps businesses navigate complex regulations.

Our services cover a range of areas, including Family Office, Immigration Law, Probate, Trust & Guardianship Litigation, and Tax Law.

A fiduciary is an advisor who puts your interests ahead of their own, following the Fiduciary Standard. This is the standard you should expect from any private financial advisor.

To ensure your advisor follows the Fiduciary Standard, ask if they follow the Suitability Standard instead. This could indicate a conflict of interest.

A fee-only fiduciary is the best choice, as they don't have commissions to earn from selling products.

Here are some key questions to ask your advisor:

Our team has extensive experience in dispute resolution, handling complex cases that involve probate and trust litigation. We have represented individuals, including celebrities, family businesses, charitable organizations, educational institutions, banks, and trust companies.

We've worked on a wide range of cases, from trust and will contests to defense and prosecution of fiduciary surcharge proceedings. Our expertise extends to contested conservatorship and guardianship matters, as well as will and trust construction.

We've also represented clients in interpretation and reformation proceedings, and have experience with estate and gift tax litigation matters in many different state courts and the U.S. Tax Court.

Some of the specific areas we've handled include:

Our team's expertise extends to various areas of law, allowing us to provide comprehensive support to our clients. We have experience in corporate law, helping businesses navigate complex legal issues.

We also specialize in employment & labor law, ensuring that our clients are aware of their rights and responsibilities in the workplace. This includes matters related to employee contracts, terminations, and wage disputes.

A family office is a specialized unit that manages the financial and legal affairs of a wealthy family. Our team is well-versed in setting up and maintaining family offices, providing a high level of discretion and confidentiality.

Immigration law can be complex and nuanced, but our team has the expertise to guide individuals and businesses through the process. We can assist with obtaining visas, green cards, and other immigration benefits.

Probate, trust, and guardianship litigation can be emotionally challenging, but our team is here to help. We can provide guidance on estate planning, probate administration, and trust litigation.

Tax law is a critical aspect of any business or individual's financial planning. Our team is knowledgeable in tax law, including tax planning, tax compliance, and tax disputes.

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Private wealth managers charge a fee based on assets under management, which means they bill a portion of the assets their clients hold with them.

Their fees can vary, but it's essential to evaluate if they're reasonable and compare them to other companies' fees to ensure you're getting a good deal.

A private wealth manager's strategy for collecting fees can impact your tax liability, so it's crucial to ask about their approach.

Some private wealth managers receive commissions for recommending specific investments, which can create a conflict of interest.

To avoid this, look for an advisor who is transparent about their fee structure and doesn't prioritize selling products over your best interests.

Ultimately, you want to work with a private wealth manager who offers a range of services that cater to your unique needs, including investment management, tax planning, financial planning, and more.

Here are some key services you can expect from a private wealth manager:

Our Team is dedicated to providing top-notch private wealth services. We have a strong foundation of experienced professionals who are passionate about helping our clients achieve their financial goals.

Daniel A. Hanley is a Shareholder based in Palm Beach and West Palm Beach, bringing a wealth of knowledge to our team. William T. Hennessey, another Shareholder, is also based in West Palm Beach. Lisa A. Schneider, a Shareholder with expertise in private wealth services, is based in Stuart and West Palm Beach.

We're proud to have such a talented and experienced team working together to deliver exceptional service to our clients.

Our team is comprised of experienced professionals who are dedicated to providing top-notch service. Daniel A. Hanley is a shareholder based in Palm Beach and West Palm Beach.

We have a strong presence in the community, with several team members calling West Palm Beach home. William T. Hennessey is a shareholder who resides in West Palm Beach.

Lisa A. Schneider is another shareholder who has a presence in both Stuart and West Palm Beach. Our team's diverse background and expertise make us a valuable resource for clients.

Here are some of our key contacts:

Our team is comprised of leading lawyers who have extensive experience handling a broad spectrum of work for our clients.

We have a highly qualified and responsive team that has been recognized as leaders in the private wealth industry by various publications.

Our team members have received top rankings in the Chambers High Net Worth guide, including Band 1 for Private Wealth Law in multiple states, such as Florida, Massachusetts, Oregon, and Tennessee.

We've also been recognized for our expertise in Private Wealth Disputes and Private Aircraft, with a Band 1 ranking globally.

Here are some of our notable recognitions:

Our team has also been recognized as a top firm in various areas, including Trusts & Estates Law and Nationwide Private Wealth Law.

We were named Law Firm of the Year in Trusts & Estates Law by the Best Lawyers "Best Law Firms" guide in 2023 and 2017.

Our team's expertise has been recognized by the Chambers High Net Worth guide, which has also named us USA Private Client Team of the Year for the East Coast in 2020.