Our approach is highly personalized, creating portfolios based on client goals and ambitions. This may include balancing a client’s desire to retain legacy stock positions with prudent risk management and tax efficiency. The goal is to respect the client’s history and preferences while building a diversified, resilient investment plan tailored to their long-term objectives.

1. Comprehensive Client Discovery

Define primary goals: growth, income, capital preservation, philanthropy, intergenerational wealth transfer.

Clarify constraints: liquidity needs, cash flow requirements, time horizon, values/ESG preferences.

Establish risk tolerance and capacity, including drawdown comfort and volatility limits.

Identify any insider status, blackout periods, or restrictions relevant to trading legacy positions

2. Detailed Analysis of Legacy Holdings

Emotional and Tax Considerations: We discuss any emotional attachment to the positions and review potential tax implications, such as unrealized capital gains.

Risk Assessment: The concentration risk associated with holding a significant portion of wealth in a single stock is carefully evaluated.

3. Customized Portfolio Construction

Integration of Legacy Stocks: We incorporate the legacy holdings into the overall asset allocation, ensuring the client’s total portfolio reflects their risk profile and objectives.

Diversification Strategies: Where appropriate, strategies such as gradual liquidation, use of exchange funds, or charitable giving may be recommended to manage risk and tax exposure.

Tax Efficiency: Portfolio adjustments are made with a focus on minimizing unnecessary tax consequences.

4. Ongoing Review and Communication

Regular Monitoring: We continuously monitor the portfolio, including the legacy positions, as market conditions and client circumstances change.

Transparent Communication: Our clients are always kept informed about performance, risks, and the rationale behind any recommended changes.