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When is a Single-Family Office Beneficial?

Written by Bloom Investment Counsel, Inc. on April 8, 2024. Posted in Wealth Planning. No Comments on When is a Single-Family Office Beneficial?

Ultra-high-net-worth (UHNW) families typically consider establishing their own Single-Family Office (SFO) when they have total investable assets of $100 million or more. Consideration for an SFO is most often driven by a significant liquidity event such as the sale of a family business.

It may be as simple as having a dedicated wealth professional who acts as the intermediary with all of the family’s other service providers, or as complex as employing a team of dedicated professionals for all of the family’s wealth management needs including accountants, lawyers, investment managers, legacy planners, philanthropic experts, etc..

Retiring Soon? Plan More Than Just Your Money

Written by Bloom Investment Counsel, Inc. on April 8, 2024. Posted in Retirement. No Comments on Retiring Soon? Plan More Than Just Your Money

As you approach retirement, it’s essential to plan for more than just your finances. While money is undoubtedly a crucial part of a comfortable retirement, planning for the emotional, social, and physical aspects of your life can significantly enhance your overall well-being during your retirement.

Ensuring a fulfilling retirement involves mapping out how you will spend your time, maintaining social connections, staying active and healthy, and pursuing hobbies or interests that you enjoy.

How to Avoid Closet Indexing

Written by Bloom Investment Counsel, Inc. on April 1, 2024. Posted in Investing. No Comments on How to Avoid Closet Indexing

There are two broad categories into which investment portfolios, including funds, can be categorized: actively managed and passively managed.

Generational Wealth: What it Is & How to Build It

Written by Bloom Investment Counsel, Inc. on April 1, 2024. Posted in Wealth Planning. No Comments on Generational Wealth: What it Is & How to Build It

Building wealth as a family can be a rewarding and empowering journey that sets the foundation for a secure financial future. By working together to prioritize your goals, having a suitable investment plan, and staying on top of your investments, you can build a strong financial foundation that benefits both current and future generations.

Quiet Wealth: What’s The Secret

Written by Bloom Investment Counsel, Inc. on March 25, 2024. Posted in Financial Literacy. No Comments on Quiet Wealth: What’s The Secret

Have you ever wondered how some individuals manage to accumulate wealth without attracting attention? These individuals are often referred to as “the quietly wealthy,” and their secret lies in the concept of quiet wealth.