A Wide Range of Services Provided By Experienced Professionals
In addition to your primary financial advisor at NorthRock Partners, your support team includes experienced professionals who are certified experts in key areas that benefit you.
Because tax planning plays such an important role to the overall success of meeting our clients' financial objectives, NorthRock Partners provides tax preparation and consulting services as a core component of our overall service offering. These services include investment tax strategies and the preparation of individual and fiduciary tax returns. The ability to seamlessly integrate this service into your comprehensive financial plan, allows our advisors to create solutions that highly impact your overall net worth.
Our holistic approach to wealth management is founded upon the understanding that each client has a unique financial situation and individual goals. NorthRock Partners believes that broad portfolio diversification across multiple asset classes and investment strategies will provide significant risk-adjusted value for our clients. Through our proprietary approach to manager selection, we will identify an appropriate mix of investments that is consistent with your values and goals, your comfort with risk, and your current time horizon and assets. We utilize researched strategies, access to institutional-class money managers and investment vehicles to put your customized plan into action. We will work closely with you to help you understand the trade-offs between potential return and inherent portfolio risk.
Simply defined, monthly bill pay and budgeting can help simplify your life and provide you added peace of mind by taking this daily chore off your hands, and also help you make the most of your surplus cash.
Our bill pay service revolves around a personal relationship with each of our clients. We can help simplify your household with a range of service solutions, including:
- Managing money movement between your bank and NorthRock Partners' custodian
- Cash flow reports that enable you to see exactly what you're spending each month
- Issue resolution through our strong relationships with Personal Bankers at Wells Fargo and U.S. Bank
- Assistance with merchant issues, like help in resolving card disputes
- Assistance getting utilities set up or shut off when you move
At NorthRock Partners we utilize a personalized approach to retirement planning that incorporates income distribution planning, investment management, Social Security planning, health care planning, long-term care planning, estate planning and risk management. We draw on the extensive experience of our financial professionals to help create a clear, actionable roadmap in planning your retirement.
Whether you want to maximize inheritance for your heirs, keep the family business in the family, or leave a philanthropic legacy, we work diligently to make your wishes a reality. With an emphasis on reducing estate taxes and minimizing probate costs, we will help coordinate key aspects of your estate plan—wills, life insurance and trusts—and assemble a team of experienced professionals to work with you and your other advisors.
We understand that your busy career often affords you little time for managing your finances. At NorthRock Partners, we help executives navigate the maze of regulatory issues and diversification strategies affecting your wealth, through customized, comprehensive solutions tailored to your tax, liquidity, and diversification needs. We help you understand your total economic package, and if needed, we can help you create it. We provide detailed advice on Executive Compensation including:
- Stock options
- Deferred Compensation
- Restricted stock
- Key man benefits
- Bonus compensation
Managing your long-term goals while ensuring access to cash when you need it can be a balancing act. We make available direct access to a variety of lending solutions designed to help you meet those needs. We strive to take the stress out of the lending process.
Risk Management is an often overlooked but vital component of any wealth management plan. Our team of professionals conduct insurance policy reviews and evaluation, and draw on an unparalleled selection of insurance products to structure programs that will provide instant liquidity for an estate tax need, protect a business, replace an income in the event of death or disability, and more. We make sure you and your family have a risk management plan that is comprehensive and allows you to rest easy, knowing you have all of the bases covered.
Building, preserving, and effectively transferring wealth over multiple generations requires more than just wise investing. Our advisors possess the necessary experience and specialized technical skills to help you navigate the intricate issues and challenges faced by high net worth families. Your strategies need to complement your family’s unique values and goals. We synchronize all the complexities of family wealth management to plan for the near term as well as generations to come.
Our advisors can help you optimize the return on cash in your portfolio, protect your cash assets, and manage your everyday transaction needs, while keeping you focused on your objectives for the future.
We examine your current assets and liabilities, along with your income and expenses, to assess your ability to accomplish your goals. Proper planning requires more than a snapshot, so we also consider how income and expenses will change over time, factoring in large changes such as inheritances, major one-time expenses, along with inevitable salary changes and taxes.
One of the most rewarding aspects of financial success is the opportunity to pursue charitable interests. In fact, many people consider the personal satisfaction derived from philanthropy to be even more gratifying than the accumulation of the assets in the first place. NorthRock Partners has extensive experience working with individuals and institutions in all areas of charitable planning. We can also help you direct your giving with tools that provide the maximum benefit for you and your family, as well as ensuring a meaningful and lasting impact to the charity or charities of your choice.
In addition to benefiting the institution, charitable gifts can be an effective planning tool for dealing with highly appreciated stock, providing an income stream for life, and supporting wealth transfer planning for the next generation.
Running a business can offer a lot of opportunities, and challenges. At NorthRock Partners, we help you make optimal financial decisions for your business. Our goal is to maximize business financial management and personal wealth building for our clients. We consult in areas of executive compensation, key employee planning, tax planning, business succession planning, employee benefits, retirement services-qualified and non-qualified plans, portfolio management, asset allocation, and cash management.
Our approach starts with understanding you and your business. Your answers to the following questions will help us create a customized plan that is unique to you and your business, and fit in with the culture you have created:
- What is your exit strategy?
- Are you paying more in taxes than you think you should?
- Do you know the value of your business?
- Do you know how this will impact your estate plan?
- Are you able to recruit, attract and retain key employees to help drive profitability of the business?
- What kind of benefits should you offer especially given all of the changes in the healthcare arena?
- Are you leveraging the business to help you reach your own personal goals?
We help you pursue all of your financial goals, including those that go beyond investing, to help you live the life you envision. What drives this approach is the financial plan we create together, a road map that prioritizes which solutions are right for you based on what you want to achieve. Through our team approach, our advisors leverage the extensive resources of NorthRock Partners to implement custom solutions. We also work closely with other professionals, such as accountants and lawyers, to ensure every aspect of your financial future is well cared for.
We understand how busy your day-to-day lives can be. In addition to the peace of mind that comes with NorthRock Partners’ help overseeing your wealth and investments, we also provide some of our clients with a life-simplifying personal concierge service as a perk.
These services are highly customized and personal, but may include:
- Exclusive access to special events
- Catering services
- Travel arrangements
- Relocation services
- Vehicle research and acquisition
- Property Management (while traveling)