Case Study 2

Abigail: A surviving spouse seeks financial security

Abigail had recently lost her husband, and was facing a pivotal moment in her life. Without warning, she suddenly found herself struggling to figure out her financial situation alone.
Case Studies

  • 1: Levi

  • 2: Abigail

  • 3: Noah

Goals

Abigail’s financial goals were clear: long-term financial security and a legacy for her children. She needed to know if she could maintain her standard of living without the stress of financial uncertainty. These goals were fundamental to her peace of mind and the well-being of her family.

Challenges

The challenges Abigail faced were significant. After her husband’s passing, she needed to manage her finances effectively, which included making informed investment decisions. However, finding a trustworthy financial planner presented its own set of difficulties.

Abigail needed someone who could not only offer sound financial advice but also connect with her on a personal level to provide support during a challenging time. She interviewed several wealth management firms, but found that they were either too small for her needs, or too corporate and without the personal touch she was looking for.

Approach

Abigail’s journey led her to her present financial advisor. What stood out to her was their ability to understand her desires for her life and her financial future. Her new financial advisor’s approach was to provide clear explanations using diagrams, computer models, and simple explanations to ensure that Abigail understood the tax and life implications of different financial decisions.

He helped Abigail clarify her priorities and adapt them to changing circumstances. Importantly, he emphasized the importance of long-term thinking and avoiding unnecessary stress over short-term market fluctuations.

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Results

Abigail’s financial portfolio is well-diversified, and she has a clear plan for her financial future. Abigail now has the thorough, personalized advice she needs to make optimal decisions, and she feels confident in her ability to maintain her standard of living while leaving an inheritance for her children. Abigail’s plan continues to evolve as her life and priorities change.

*This is a hypothetical situation based on real life examples. Names and circumstances have been changed. The opinions voiced in this material are for general information only and are not intended to provide specific advice or recommendations for any individual. To determine which investments or strategies may be appropriate for you, consult your advisor prior to investing.