Financial Planning & Wealth Management Services | Thimble Island Private Wealth

Services

What We Do

Wealth needs to be more than just managed. It needs to be developed, preserved, and passed along to future generations. We’ll help you do that, starting with a preliminary plan based on your goals and adjusting as needed along the way. This is what we offer:

Financial Planning
Investment Management
Family Focused Office
Individual Retirement Plans
Corporate Retirement Plans
Exit Planning
Trust & Estate Planning*
Corporate Cash Management
Financial Organization
Capital Markets

*LPL Financial Representatives offer access to Trust Services through The Private Trust Company N.A., an affiliate of LPL Financial.

With You Through Each Phase of Life
No matter where you are in life, we have a range of wealth management and financial planning services to support you, now and in the future.

Starting Out
– Starting a retirement account
– Establishing an emergency fund
– Buying a home
– Starting or growing a family
– Managing debt
– Setting financial goals

Growing Your Wealth
– Saving for retirement
– Funding a college account
– Preserving your assets
– Diversifying investments

Approaching Retirement
– Preparing for health and long-term care costs
– Creating business succession plans
– Caring for aging parents
– Understanding Social Security and Medicare
– Planning your retirement

Enjoying Your Golden Years
– Balancing your portfolio
– Organizing your estate
– Generating tax-efficient income
– Managing healthcare costs
– Transferring wealth to the next generation
– Enjoying what you’ve worked so hard to build

Business Retirement Plans
For business owners, we work with more than three dozen corporate retirement plans, taking care of everything from plan selection to employee assistance. Here’s what we can help you with:

– Plan selection and set-up
– Customization based on your specific business
– Employee education and enrollment
– Investment management within the plan
– Ongoing maintenance and review

Wealth Management & Financial Planning FAQs

What is financial planning?

Financial planning is the process of organizing your finances around your goals, priorities, and long-term objectives. A comprehensive financial plan may address retirement planning, investment management, estate planning, risk management, cash flow, and other important financial decisions. At Thimble Island Private Wealth, we help individuals, families, and business owners develop personalized strategies designed to evolve as life changes.

How is wealth management different from financial planning?

Financial planning focuses on identifying goals and creating strategies to help address them. Wealth management takes a broader view by coordinating investments, retirement planning, estate planning, tax considerations, business planning, and wealth transfer objectives. Together, these areas help create a more comprehensive approach to managing financial complexity.

How often should I review my financial plan?

Financial plans should be reviewed periodically and whenever significant life or business events occur. Retirement, selling a business, career changes, inheritance, marriage, divorce, or changes in family circumstances can all impact financial priorities. Regular reviews help ensure your strategies continue to reflect your goals and current situation.

What financial planning considerations are unique to business owners?

Business owners often have financial planning needs that extend beyond personal finances. Considerations may include business succession planning, retirement plan design, executive compensation, corporate cash management, employee benefits, risk management, and exit planning. Coordinating personal and business financial goals can help create a more integrated strategy. Learn more here.

What services does a wealth management firm provide?

A wealth management firm may provide a range of services, including financial planning, investment management, retirement planning, estate planning, business owner planning, and wealth transfer strategies. The specific services recommended will depend on your goals, priorities, and financial circumstances.

When should I work with a financial advisor?

Many people choose to work with a financial advisor when they experience major life or financial events, such as preparing for retirement, receiving an inheritance, selling a business, changing careers, or managing growing wealth. A financial advisor can help provide guidance, coordination, and perspective as financial needs become more complex.

How can wealth management help families plan for future generations?

Wealth management can help families coordinate investment strategies, retirement planning, estate planning, beneficiary designations, and other financial decisions that may impact future generations. A comprehensive approach can help align financial resources with long-term family goals and legacy objectives.