The O’Donnell Group: Helping You Achieve Everything That’s Important to You
The term “wealth management” is used with ever-increasing frequency these days, but most people—even those claiming to be wealth managers—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 a 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.
Wealth Management = IC + AP + RM
IC – Investment Consulting
Investment consulting addresses a primary concern of all of our 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.
AP – Advanced Planning
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)
RM – Relationship Management
Relationship management is what allows us to provide true Wealth Management to our clients. It is broken down into two equally important parts:
- The planning process to ensure that we stay on track to accomplish everything that is important to our clients.
- Our interactions 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. In order to create and deliver a rock solid Advanced Plan, we rely on a group of experts (such as private client attorneys, insurance experts, and CPAs), and leverage their knowledge to help us create the best possible solutions for our clients.