Whether you have made your wealth as an executive or entrepreneur, through a public or private company, we understand the trials and tribulations you have gone through and the level of service that you require and deserve.
Our Private Client services are catered to these high net-worth individuals and families. The level of wealth that our clients have obtained brings issues that require a different level of; knowledge, experience, guidance and service. We believe that clients make sound decisions when properly informed. Therefore, we provide client advocacy, transparency, and disclosure to help clients make decisions.
Our decades of experience and wisdom allow us to try to account for unforeseen economic, political and financial forces to help assure maximum preservation of capital. Life insurance can be used to help create wealth and help preserve capital, as well as help provide the confidence in future wealth to allow flexibility in current planning.
Some Private Clients want to live life to the maximum with the comfort of knowing that the wealth they have spent will be replaced and continue for the next generation. Some want to preserve their wealth and create a legacy that will last for generations. Others want to maximize the contributions to Arts and Philanthropic endeavors. Regardless of the objective we will collaborate with your; accounting, legal, investment and trust advisors to help ensure that the insurance portion of your planning is fully vetted and works in conjunction with your overall planning.
Estate Planning is an ongoing process, not a onetime event. We will continue to provide a high level of service on an ongoing basis. We will have a team available to answer any questions along the way. We will provide an annual written report to you and your advisors while also monitoring the performance and making recommendations that will continue to help enhance the performance of your insurance portfolio.
Some of our Private Client services include:
- Asset Protection
- Estate Planning
- Philanthropy
- Wealth Replacement
- Wealth Preservation
Executive Benefits and Non-Qualified Deferred Compensation
We design, implement, and administer executive benefit plans that enable you to selectively reward key employees and top executives of your business. Our cost-efficient executive benefit plans supplement qualified retirement and group insurance plans that may be restrictive in nature. Our programs are designed to help meet the personal needs and goals of executives within the context of the overall corporate financial goals of your business.
Employee stock options and programs like 401(k) plans are a good start, but they may not meet the financial expectations of the most talented executives. Our belief is that executive employees want to enjoy a rewarding retirement, by establishing sound financial options early on. We consistently strive to be chosen as trusted corporate advisors for carefully evaluating costs and benefits, while continuously exploring additional possibilities for better programs to help executives achieve their financial goals.
Examples of some Executive Benefit programs are:
- Supplemental Executive Retirement Programs (SERP)
- Funding (informal or formal) of future Retirement Obligations (including ESOP repurchase obligations)
- Section 162 Bonus
- Split Dollar
- Company Owned Life Insurance (COLI)
- Bank Owned Life Insurance (BOLI)
- Disability Programs
Newton One collaborates with Family Offices and their advisors to help ensure the protection and growth of family assets for current and future generations.
Family Offices require the cohesive interaction between these administrative, legal, accounting, trust, investment and insurance services along with an understanding of how a family business may affect these areas.
Whether a family has utilized a Virtual Family Office, Multi Family Office or Single-Family Office we understand the complexities of these organizations and the dynamics of their members. We collaborate with the Family Office as well as the families existing advisors to develop insurance strategies and to ensure the utilization of the correct products to maximize results. We remain in communication to monitor and evaluate the performance of the insurance portfolio and share this with the Family Office on an ongoing basis.
We understand the complexities and dynamics involved with preserving the wealth that a family has created. Whether they are ensuring the continuity of the business while grooming the next generation, transitioning the family business, selling the family business or managing the proceeds from the sale of a family business we can help.
Some of the services we offer to Family Offices are:
- Estate Preservation
- Wealth Transfer
- Liquidity Creation
- Philanthropy
- Noncorrelated Bond Alternatives
- Succession and Continuity Planning
- Executive Benefits
- Key Person Insurance
Newton One is committed to helping global clients who face unique and complex challenges as they build and maintain their wealth across multiple borders. We provide the services, advice and placement of a diverse platform of insurance products to help meet the complex needs of high net-worth global clients.
When dealing with High Net-Worth International Clients the industry is less standardized than it is for High Net-Worth US citizens. Each insurance carrier has their own criteria regarding when they are willing to offer coverage for a High Net-Worth International Clients. In these situations, we have found that US insurance companies are frequently preferred as they can often provide: better financial stability, an increased number of insurance companies, a significantly more diverse portfolio of products and more competition for the client’s business.
Due to this preference, our process for High Net-Worth International Clients is to initially review the client’s situation with US insurance companies that we have wholesale pricing with, in order to obtain the best possible pricing. We then perform a national search with other US insurance companies, as well as exploring Bermuda insurance companies and international insurance companies that have been established specifically for this type of clientele.
This process requires international expertise, access to U.S. and international carrier products, as well as ongoing resources for support and coordination to meet the current and future cross-border needs of High Net-Worth International Clients.
Global clients often have unique challenges that arise from cross-border issues or country of residence restrictions including:
- Forced Heirship Laws
- Sovereign Risk
- Global Family Inheritance
- Multinational Tax Liabilities
- Ownership of Cross-Border Businesses
- Corporate Benefits for Cross-Border Employees
- Limited Access to Insurance Capacity and Product