Modern Elders
DISCOVERING TRUWEALTH
Meet Melissa
With the right amount of savvy and a ton of hard work, 65 year old Melissa has taken her multi-generational family business from a modest design company to a lucrative home remodeling operation with annual revenue in the tens of millions.
Coming from a middle-class background, Melissa never imagined growing the family business to this level. A competitor has offered to buy the business and she is ready to sell. As she exits her role as CEO, a top priority for her is the potential lasting impact she can have above and beyond providing financially for her family.
In addition to providing stable wealth for the next several generations, Melissa wants to make a lasting impact on her city. Her deep ties in the community are part of what made her successful. Melissa’s parents taught her the importance of giving back to your neighbors. She wants to find the best charitable vehicle to pass on her small town values.
Melissa is excited to stay engaged in the broader business ecosystem as a coach and mentor as she transitions away from her daily operational role. She believes investing her time and resources in women-owned start-ups would be an impactful use of her hard-earned business wisdom.
To make this vision a reality, Melissa wants a collaborative partner who can guide her on a path to greater meaning with her money.
KEY CONCERNS
At Truman Wealth Advisors, we help people in midlife or older who are as curious as they are wise. They are ready to share the wisdom they have gleaned through decades of experience in life and work and looking for a ‘re-wirement’ of their lives and purpose.
Melissa was looking for new ways to flourish. The sale of her business presented an opportunity to re-imagine the role wealth might play in her life. She appreciated how skillfully Truman Wealth coordinated the details of her charitable giving strategy with her attorney and accountant, allowing her to focus her energy on the purpose and values of her new private foundation.
Since she knew trust and communication would be essential for a successful family wealth transfer, Melissa was thrilled when Truman Wealth hosted a family meeting to outline details of the education and income plan for her children.
Truman Wealth's hands on approach allowed Melissa to focus on her time and attention on her passion of investing in other women owned enterprises. She now serves others in the community from her personal essence — from her soul — rather than in pursuit of profit or achievement.
As an experienced team of fiduciaries, Truman Wealth Advisors works to solve your distinct portfolio management, family governance, sustainability, and legacy planning challenges.
HOW WE HELP
The case study presented is hypothetical and for illustrative purposes only. It does not represent actual clients and should not be interpreted as a guarantee of future performance or results. The scenario is designed to demonstrate possible financial planning and investment strategies based on various assumptions. Actual financial outcomes depend on individual circumstances, market conditions, and other factors. Clients should consult a qualified financial professional before making any investment or financial planning decisions.
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It's your life; you should live it the way you want. Together, we’ll leverage your goals with smart financial advice to ensure that you’re in the driver's seat for years to come.