The O'Donnell Group: Helping You Achieve All That's Important
The term "wealth management" is used with ever-increasing frequency these days, but most people—even those claiming to be wealth mangers—are unaware of what a true wealth manager does. At The O'Donnell Group, wealth management is much more than a clever phrase tossed around at a cocktail party or plastered on a billboard. For us, wealth management is the consultative process used to deeply understand our clients’ needs and then deliver effective customized solutions based on those needs. To help explain what wealth management is, we have boiled it down to a simple mathematical formula.
WM = IC + AP + RM
(WM) – Wealth Management
(IC) – Investment Consulting
(AP) – Advanced Planning
(RM) – Relationship Management
Investment consulting addresses a primary concern of all ofour clients, which is how to structure and invest their liquid assets. Our main investment consulting focus is to help our clients make smart decisions with their money, decisions that are in alignment with their goals, values, and dreams.
There are four other areas of wealth management which are frequently talked about...but rarely delivered upon. We call this our Advanced Plan. The Advanced Plan deals with other areas that are of vital importantance to our clients, including:
- Wealth Enhancement (tax planning)
- Wealth Transfer (estate planning)
- Wealth Protection (asset protection)
- Charitable Giving
Relationship management, which is what allows us to provide true Wealth Management to our clients, is broken down into two parts. Part 1 is the process we take our clients through to ensure that we stay on track in accomplishing everything that is important to them. Part 2 is how we interact with other professionals in our community. While we hold ourselves out to be experts in investment consulting, we are smart enough to know that we don't know everything with regard to creating a rock solid Advanced Plan. In order to create and deliver such an Advanced Plan, we rely on a group of other experts (such as private client atotrneys, insurance experts, and CPAs), and leverage their knowledge to help us create the best possible solutions for our clients.