Compound

We're excited to announce that we crossed $2 billion of assets under management and 30+ financial advisors. "Managing $2 billion of client assets is a testament to our team’s dedication and the trust our clients place in us," said Christian Haigh, our co-founder and CEO. "Our rapid growth reflects our unwavering commitment to delivering top-notch financial planning and wealth management solutions to our diverse clientele. And it’s why we continue to attract exceptionally talented financial advisors." Learn more about our recent milestones ⤵︎

Please welcome Joseph Perna to Compound Planning! Joe is an experienced CFP® professional and Chartered Financial Analyst (CFA®) with over 17 years of wealth management experience. He primarily works with the "Millionaire Next Door" who is looking to navigate how to optimize their investment portfolios for their objectives and do smart tax and estate planning. You can learn more about Joe and schedule time directly on his calendar here: https://lnkd.in/eHsjcNqN

Have you thought about how your personal property, like jewelry and furniture, factor into your estate plan? Estate planning is crucial for a holistic retirement plan — but the bigger your estate, the more likely it can be to make mistakes or overlook key components. For successful planning as a high-net-worth retiree, consider these advanced strategies to protect assets and minimize taxes: → Irrevocable trusts: Transfer assets to future generations while reducing tax liability. Options like QPRTs and GRATs offer unique benefits. → Family limited partnerships: Maintain control over family assets and transfer wealth at a discounted value for tax purposes. → Charitable trusts: Support causes you care about and receive tax benefits. CRTs and CLTs provide income streams and charitable deductions. → Dynasty trusts: Pass wealth to multiple generations with minimal transfer taxes, allowing assets to grow tax-free for decades. Don’t let avoidable missteps eat away at your legacy. Nathan Bengali, Principal & Senior Wealth Advisor at Compound, unpacks some tertiary strategies to consider as part of a comprehensive estate plan 👇

Did you know that incorporating charitable gifts into your estate plan can unlock valuable tax benefits? For many high-net-worth individuals, it’s important to consider how the different components of your retirement plan impact — and more importantly, protect — the legacy you’ll one day leave behind. Here are a few ways charitable giving can support the causes you care about while offering significant savings on taxes: → A donor advised fund (DAF) allows you to make a large upfront donation, receive an immediate tax deduction, and recommend grants to charities over time, offering flexibility and tax efficiency. → Charitable remainder trusts (CRTs) let you support a charity while generating income for yourself or beneficiaries, providing tax deductions and portfolio diversification. → Qualified charitable distributions (QCDs) allow retirees over 70½ to donate up to $105,000 annually from their IRA directly to a charity, satisfying RMDs while reducing taxable income. → Private foundations enable high-net-worth individuals to manage charitable giving, create a family legacy, and receive immediate tax deductions.

Don’t let avoidable estate planning pitfalls taint your legacy. As you adjust to your new lifestyle and financial reality in retirement, it's crucial to review and update your estate plan to reflect your current wishes and needs. Here are key strategies to keep in mind during year one: → Update healthcare directives: Ensure your living will and healthcare power of attorney reflect your current wishes. → Review successor trustees: If you have a revocable living trust, make sure your trust's successor trustees are still up to the task. → Check IRA beneficiary designations: Make sure your designations are up to date and aligned with your overall estate plan. → Review insurance policies: Check whether your policies still meet your needs and that the beneficiary designations are current. → Create a personal property memorandum: Avoid disputes over personal items by detailing specific bequests. Nathan Bengali, Principal & Senior Wealth Advisor at Compound, breaks down what you need to know 👇

As a newly minted partner, the stakes are higher, the rewards potentially more lucrative, and your financial landscape more complex than ever before. It's time to shift your perspective on money, not just to sustain your lifestyle, but to propel your future forward. Reed Nothwang, CFP® and Andy Park from Compound Planning, understand that for high-achieving professionals like you, financial planning is not a mere task; it’s a strategic element of your overall success. In this interactive session, we’ll navigate through the crucial aspects of financial planning tailored for someone in your new role: Join us at the Young Partners Accelerator on September 27-28 in Chicago, and equip yourself with the tools to not just survive, but thrive in your new role. Register at ypaccelerator.com

Stephen Dean, CFA is back with his monthly State of the Market commentary, covering recent market events from July and why they matter. The month at a glance: → Equity markets rose, but market leadership shifted substantially → Small cap and value stocks surged while tech stocks lagged → Fixed income rallied on expectations for a September rate cut → Inflation continued to cool and labor markets softened You can read his full commentary — and a note on the volatility we're seeing so far in August — here: https://lnkd.in/eYajkjGN

Are you proud of the legacy you’re leaving behind? Estate planning isn't a one-time event; it requires ongoing review and adapting to changes in your life, tax laws, and family dynamics. This is the only way to make sure that your legacy matches your vision. As you prepare for this next chapter, here are tips to ensure that your estate is perfectly in order: → Build a strong foundation for your estate plan in year one of retirement. Update healthcare directives, review trustees, check IRA beneficiaries, update insurance policies, and create a personal property memorandum. → Master advanced estate planning strategies for high-net-worth families. Consider irrevocable trusts, family-limited partnerships, charitable trusts, and dynasty trusts to protect assets and minimize taxes. → Maximize your impact and optimize for taxes by using donor-advised funds, charitable remainder trusts, qualified charitable distributions, and private foundations for effective charitable giving and tax benefits. Don’t let the complexity of estate planning take a toll on your golden years. Head over to the Manual where we break down everything you need to know to master estate planning in year one of retirement and beyond: https://lnkd.in/gUvJeJ_A

What awaits you in retirement? It’s one thing to dream about your golden years, but another to prepare for them. Navigating the complexities of retirement — from managing your hard-earned money to shifting your mindset around spending — is vital for controlling expenses, optimizing taxes, and creating a legacy you’ll be proud to leave behind. To help you prepare for what’s next, we break down everything you need to know in the Manual: https://lnkd.in/gPM6YS5q

Long-term care can cost you thousands of dollars a year in retirement. So how can you make sure that you can retire comfortably without depleting your savings? For high-net-worth individuals, self-insuring for long-term care may be the more cost-effective alternative to long-term care insurance. This involves setting aside a portion of your retirement savings specifically for long-term care expenses and investing those funds in a diversified portfolio. However, there are a few factors to keep in mind when deciding what’s right for you. Willem Bloemsma, SVP & Wealth Advisor at Compound, breaks it down 👇