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High-Net-Worth Individuals & Families

Managing Complex, Multigenerational Wealth

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Strategies for High-Net-Worth Individuals & Families

Families with substantial wealth face unique challenges to protect and preserve their assets across multiple generations.

At Granite Harbor, our team of experts understanding these complexities and will work with you to develop a personalized strategy that addresses your comprehensive goals and concerns. With a diverse range of private equity and private insurance solutions along with a rigorous due diligence process, we provide distinctive opportunities to achieve more advantageous outcomes than traditionally available to most investors. Plus, we take a proactive and ongoing partnership approach to collaborating with CPAs and attorneys to optimize total wealth and free up your time to focus on what matters most to you.

Sophisticated Financial Planning & Asset Management Services

We provide a wide range of knowledgeable support unique to high-net-worth individuals & families to address every aspect of your wealth—now and for future generations, including:

Cash Flow & Savings:

Allocating resources efficiently, ensuring liquidity for immediate needs while maximizing investment potential.

Tax Planning:

Minimizing tax liabilities and maximizing wealth accumulation through partnering with tax professionals, leveraging tax-advantaged assets, and employing tax-favored investment strategies.

Risk Management & Insurance:

Helping safeguard your wealth and ensuring lasting financial security by addressing potential risks.

Estate Planning & Wealth Transfer:

Addressing concerns regarding the transfer of wealth to create your lasting legacy-- from philanthropic goals to business succession planning.

Asset Allocation:

Investing with purpose through evidence-based portfolios, including access to desirable alternative assets for wealth creation, like private equity.

Business Succession Planning:

Leaving a legacy, securing your family's future.

Corporate Benefits Planning:

Understanding & negotiating complex compensation packages.

Retirement Planning:

Maximizing tax-advantaged savings & determining the most tax-efficient way to transition your retirement savings into income.

Tax & Legal Coordination:

Proactively working with tax and legal professionals on an ongoing basis to achieve and maintain alignment for optimized wealth.

Resources for High-Net-Worth Individuals & Families

Hand picked resources to help High-Net-Worth Individuals & Families

Maximizing Tax-Advantaged Wealth: Creating Strategic Partnerships Between CPAs & Wealth Advisors
5 minutes read

Maximizing Tax-Advantaged Wealth: Creating Strategic Partnerships Between CPAs & Wealth Advisors

One of the most significant threats to the long-term success of wealth accumulation, particularly for high-net-worth individuals, is the burden of taxes. The question to all finance professionals, from CPAs to wealth advisors, is simple: What steps can we take now to proactively help maximize wealth and minimize tax burdens in the future? Often, these strategies require the partnership of a CPA and…
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Secure Your Business Legacy: The Power of Buy-Sell Agreement Planning for Business Owners
6 minutes read

Secure Your Business Legacy: The Power of Buy-Sell Agreement Planning for Business Owners

The Power of Buy-Sell Agreement Planning for Business Owners As a business owner, ensuring the long-term success and continuity of your enterprise is usually at the very top of the list of priorities. One of the essentials that can help you achieve this goal is effective buy-sell planning. This article delves into the significance of buy-sell planning for business owners and highlights the key strategies…
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Understanding Your Retirement Benefits: Things to consider as a BP Executive Preparing to Retire
7 minutes read

Understanding Your Retirement Benefits: Things to consider as a BP Executive Preparing to Retire

How do I make the most of my BP retirement benefits? As one of the most lucrative positions in the oil and gas industry, BP executives enjoy exceptional employee benefits. However, navigating these offerings can be overwhelming, even for high-level executives. From cash compensation and severance packages to stock options and bonuses, the array of benefits can be daunting to navigate—especially anticipating…
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The Ultimate Guide to Private Market Investing
10 minutes read

The Ultimate Guide to Private Market Investing

Getting Started with Private Markets as part of a Comprehensive Investment Strategy for Accredited Investors. Private Market Investing has become increasingly popular over the years as investors seek higher returns in a low-interest-rate environment and an alternative to the daily volatility of the public markets1. Private Markets can be a profitable venture for the right investor. While investing…
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The Clock is Ticking: Why Accredited Investors are Taking Advantage of Private Placement Life Insurance (PPLI)
5 minutes read

The Clock is Ticking: Why Accredited Investors are Taking Advantage of Private Placement Life Insurance (PPLI)

As today's top federal estate tax rate, or "death tax," currently tops out at 40%, proactive planning is needed for high-net-worth individuals who want to avoid nearly half of their estate going to taxes rather than their heirs upon death.1 With sizeable estate tax exemptions currently set to expire on December 31, 2025, combined with today's historically attractive tax rates, there has never been…
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Benefits of Private Placement Life Insurance (PPLI) for the Ultra-Affluent
4 minutes read

Benefits of Private Placement Life Insurance (PPLI) for the Ultra-Affluent

Tax rates are currently at or near historic lows. But ask just about anyone and the expectation is that taxes are sure to increase in the future. So, finding tax-efficient shelters for wealth accumulation is important for protecting long-term portfolio value and accomplishing tax planning goals. For the ultra-wealthy, private placement life insurance (PPLI) can provide powerful tax benefits while helping…
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How and Why Wealthy Families Use Life Insurance

How and Why Wealthy Families Use Life Insurance

A different approach to life insurance Many people think about life insurance as financial protection against premature death. The death benefit to be paid is a replacement for lost income and helps keep the family going. But most affluent families aren’t overly concerned with income replacement. Instead, wealthy families use life insurance to protect assets because of the specific tax benefits and ROI it can provide. Including insurance products in a well-diversified portfolio can help investors achieve financial goals for the current family while also protecting wealth for future generations. In essence, there are three major themes when it comes to how and why wealthy families use life insurance: wealth accumulation, leverage, and liquidity. This ebook will explore these themes and offer insights into how to use insurance strategies most effectively.
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Taxes in Retirement

Taxes in Retirement

Taxes will most likely be your largest strain on cash flow as you enter retirement. Having a clear understanding of your current tax situation is half the battle. Being able to effectively apply tax savings strategies to your specific situation is the other half. At Granite Harbor Advisors, our mission is to help families live their best lives by educating them first. From there, confident decisions can be made about the future. This video covers the following: Summary of Recent Tax Law Changes from the Following Acts: o Tax Cuts and Jobs Act o Build Back Better Act o Inflation Reduction Act o SECURE Act 1.0 and 2.0 Common (and some not-so-common) Strategies for Tax Savings in Retirement like: o 3 Roth Planning Opportunities for High-Income Earners o Balancing the 3 Types of Tax Buckets for Diversification o 2 Unique RMD Strategies o Mitigating Income Tax AND Transfer Tax for Wealth Transfer Planning o “L.I.M.I.T.-ing” the 5 Financial Risks in Retirement in a Tax-Efficient Way:
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You have questions, we have answers...

A: Look for an independent, fiduciary firm with a proven track record of success working with high-net-worth families. Their team of advisors should have deep experience in complex wealth management and be committed to developing personalized strategies for each client. As part of their asset management solutions, providing access to a range of both public and private equity as well as private life insurance can provide distinctive advantages for diversification, fee efficiencies and growth opportunities for your wealth.

Choosing a firm that takes a proactive role in initiating and maintaining alignment with your CPA and attorney for a comprehensive wealth management plan is also important.

A: A comprehensive estate and tax plan is essential for protecting your family's wealth and minimizing taxes. With constantly changing tax laws and legislation, along with your evolving needs and assets, this requires open, proactive conversations with your wealth management team, often including a wealth management advisor, attorney and CPA.

Life insurance can also provide distinctive advantages as a tool to support tax and legacy goals, providing a tax shelter for wealthy families and supporting wealth accumulation, leverage and liquidity goals. Working with a specialized firm that understands how to properly design and fund policies for your advanced planning needs is essential and requires ongoing review and alignment.

A: High-net-worth individuals often have robust philanthropic ambitions and may need help structuring their giving to maximize impact and tax advantages. A knowledgeable financial firm can help you consider top charitable giving strategies, such as:

  • Direct Giving and Qualified Charitable Distributions (QCDs): Direct giving is the simplest way to gift to charity. It involves writing a check to a qualified 501(c)(3) organization, donating non-cash assets, or listing a charity as a designated beneficiary for specific assets
  • Charitable Remainder Trusts (CRTs) and Charitable Lead Trusts (CLTs): For those wanting to distribute money to charity on an ongoing basis, either Charitable Remainder Trusts (CRTs) or Charitable Lead Trusts (CLTs) provide added infrastructure that can potentially reduce income and estate taxes and protect assets
  • Donor-advised funds: Donor-advised funds allow you to make charitable contributions tax-free and invest the money until you are ready to donate it to specific charities.
  • Charitable foundations: Charitable foundations offer more control over your giving, but they also require more paperwork and administrative overhead.

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