A personalized wealth management strategy is necessary to sustain and grow your long-term wealth, meet your financial goals and align your comfort with market risks along the way
Our wealth management services go above and beyond what you might expect from a financial services provider. Northwestern Mutual Wealth Management Company offers:
Investment advisory services, designed to:
- Provide high-quality investment services and products.
- Build and monitor diversified portfolios.
- Develop objective, personalized plans.
- Focus on long-term results.
Trust services and partnerships, designed to:
- Provide continuity of stewardship that can last multiple generations.
- Preserve family harmony when carrying out your intentions.
- Carry out detailed record-keeping and accounting.
- Calculate taxes and file returns.
Northwestern Mutual Wealth Management Company serves as trustee on Irrevocable Life Insurance Trusts. In addition, through our Trust Alliance Program, we partner with nationally-recognized trust administration firms that offer a broad range of services to revocable trusts, charitable trusts, endowments and foundations.
Online access to your account, so you can review:
- Comprehensive monthly statements.
- Performance reporting.
- Account access on a secure website.
- Current account balances on your investment holdings.
- Detailed transaction records on all accounts.
Fee-Based Financial Planning
Ensure your goals and unique financial needs are prioritized and planned with the expertise of a credentialed fee-based financial planner.
Fee-Based Financial Planning
When you want a financial plan developed with your goals and interests put above all else, it’s a good time to engage a fee-based financial planner.
Fee-based financial planners design unique personal financial plans and are compensated for their time and expertise. Under this fee structure, the planner is a fiduciary and has a legal and moral responsibility to place your interests first.
Of course, your planner’s role goes beyond just providing expert guidance in the creation of your financial plan. A fee-based planner can also help you with the implementation of your plan through a combination of appropriate and innovative insurance, brokerage, advisory and/or private client platform solutions.
In the end, your planner is paid to work with you to make sure your financial needs are met with care, with expertise and with an understanding of your unique circumstances and individual goals. Together, you will agree on the appropriate fee structure based upon those needs and the specific services required.
Making great decisions about your wealth, whether you are deciding to grow it, protect it or both, starts with sound thinking – thinking that makes sense. Here’s how our thinking starts when it comes to helping you make important financial decisions.
The Planning Process
With financial independence, family legacy and social capital solutions in place, wealth optimization becomes the focus of the planning process. Your planner will use a unique and disciplined values-based approach to help you make wise choices and to help ensure that your plan is focusing on what you value.
The planning process consists of four quadrants or phases, each one representing one planning cycle: Discovery, Creative Solutions, Strategy Deployment, and Results Management.
- Discovery: Identify and think about the problem. The first phase begins by thinking clearly about the problem. This is called the Discovery phase, and this is where clarity on your goals is achieved and planning gaps are identified.
- Creative Solutions: Think about the solution. The second phase is the Creative Solutions phase, in which you think clearly about the solutions and make decisions regarding closing the planning gaps.
- Strategy Deployment: Implement the solution. The third phase is the Strategy Deployment phase, in which you implement the solution that helps you achieve your desired results.
- Results Management: Manage the results. The final phase is the Results Management phase; we establish a plan to manage and implement the results. This assures that you have confidence your plan will work over time.
Working with a knowledgeable and experienced planner who has access to current technologies and a thorough understanding of tax rules and financial planning techniques is important. Working with an advisor who takes the time to understand your unique desires and goals is critical.
Your planner will take the time to help you make that assessment, develop a plan that works for you and provide you with the tools and strategies necessary to successfully implement that plan.
Long-term financial security doesn’t happen by chance. Take control of your future with customized financial planning services.
If you live for it, we’ll help you plan for it.
Our version of financial planning isn’t just a plan for your money, it’s a plan for your life. That’s because my team and I start with you—your life, your family, and your priorities. Then we tailor your unique plan from a range of financial options using multiple strategies designed specifically to help you reach your goals.
What you get with a plan from Northwestern Mutual
Financial strategies tailored to your life
You’ll have multiple strategies within your plan, built from financial options specifically selected to help you reach the goals you have for right now and later on.
A wide range of financial options
Get access to more financial options designed to reinforce each other so your plan can work its hardest for you, including investments for growth, insurance for protection, and annuities for help with income in retirement.
Your go-to financial expert to guide you
Your advisor listens to what’s important for you to do today and down the road and designs a plan, with personalized recommendations tailored to your life, to help make it happen.
The flexibility to pivot as your priorities change
When your priorities shift throughout your life, we’ll work with you to shift the strategies in your plan. So your plan stays flexible, and you stay on track to meet goal after goal.
A real-time digital plan personalized to you
You’ll see where you are today and how you’re doing over time, tracking your goals to reveal the progress you’ve made, any gaps you might have, and any opportunities we find.
The confidence to know you can live the life you’ve always wanted
Because your financial plan is based on your priorities, it’s uniquely designed to help you do the things you’ve been dreaming of. So you’ll always know you can.
Your business is unique, and it takes a personalized business planning approach to help you create, grow and protect your business’s value.
Whether you’re thinking about launching a new business or hoping to expand an existing one, we can help you create, grow and protect your business’s value with comprehensive business planning services.
We’ll work with you to develop a personalized financial plan with solutions designed to meet the unique needs of your business, with strategies to:
- Integrate all aspects of financial planning for your business and your personal life to ensure success on both fronts.
- Minimize risk by being prepared for the unexpected.
- Safeguard your business with coverage to help offset the loss of cash flow if you become sick or hurt.
- Recruit and retain employees with competitive benefits programs.
- Enhance your benefits programs to reward employees who are key to the success of your business.
- Transition your business smoothly with a properly designed and funded business succession plan.
Coordinated investment strategies are necessary to build an effective portfolio that meets your unique financial needs.
Your goal to achieve financial security will undoubtedly include investing for your future.
We can offer you the expertise you need to ensure your investment strategies are aligned with your goals, time horizon and tolerance for risk.
Northwestern Mutual offers investment advisory services, private client services and trust services. Within these levels of service, we may recommend that your portfolio include one or more of the following investment tools.
Signature Choice is an investment advisory program that allows your wealth management advisor to provide advice concerning asset allocation, security selection and rebalancing. Your advisor can utilize a wide range of securities including mutual funds, exchange-traded funds (ETFs) and individual equity and fixed income investments to help implement your investment strategy.
Signature Managed Accounts is an investment advisory program that utilizes third party asset management and portfolio manager selection to assist in providing you with a comprehensive investment solution.
Signature Portfolios is an investment advisory program that utilizes select mutual funds and/or exchange traded funds to construct well-diversified portfolios for your needs.
Signature Annuities is an investment advisory solution that utilizes investment options available within the NM SelectTM Variable Annuity to construct, comprehensive, well-diversified investment portfolios for your needs.
We also have access to offer you the following products and services through Northwestern Mutual Investment Services, LLC (NMIS):
- Cash management services
- Money market funds
- Mutual funds
- Treasury bills
One of the greatest financial challenges is preparing adequately for retirement. And now more than ever, strategic retirement planning is crucial to help meet your goals.
Now more than ever, retirement planning is critical. Gone are the days when pensions and Social Security provided all of the income you needed for retirement. The new reality is that you are responsible for managing your own retirement, and that starts with making sure you're strategic in your planning.
We can help. At Northwestern Mutual, our approach to retirement planning is designed to help you get to—and through—retirement with a greater level of financial confidence, so you can relax knowing you have a road map to achieve your goals.
You'll want to start by considering how much to save for retirement and where to save it. By accumulating as much as you can as soon as you can, you can put time on your side—time to plan, time to weather the ups and downs of the market and time to let your money grow.
And then, as you zero in on retirement, you'll need a different set of strategies to manage risk and make your money last through retirement.
A personalized education funding plan with saving and investment strategies can help keep your other goals on track while ensuring one of the best gifts for a child.
If one of your financial goals is to pay for a child’s education, the earlier you establish a college savings plan, the better. A personalized education funding plan will not only help you save more, it will also give you more time to ride the ups and downs of the financial markets if you choose to invest your savings.
Two of the most common college funding vehicles are 529 Plans and Coverdell Education Savings Accounts, though there are many ways to save for a child’s education.
And although your wish may be to fully fund your child’s education, don’t allow that goal to put your own retirement at risk. It’s much like the instructions you’re given by flight attendants when you travel by air: In case of emergency, put your oxygen mask on first before putting it on your child. If you don’t take care of funding your own retirement, you may end up weighing down your kids with that responsibility later in life. Children have options for funding their education, such as loans and scholarships. Retirees don’t.
Working together on your education funding strategies, we can help you better understand your options to meet all of your financial goals.
A will or trust are just one aspect of a broader estate planning strategy necessary to fully protect your family and assets, and build a lasting legacy.
Most people associate the phrase "estate planning" with having a will – a legal document that names your beneficiaries and spells out who gets what when you die. And while the transfer of your assets is an important part of estate planning, a will or a trust is just one aspect of a broader estate planning strategy to ensure your wishes are known, honored and carried out as efficiently as possible when you're no longer able to articulate them.
We work with a team of estate planning experts at Northwestern Mutual. Together, we can help you develop an estate planning strategy that may include the following:
- A strategy to help reduce or eliminate gift/estate taxes for your heirs
- A plan to protect your estate from mismanagement or from claims of creditors or ex-spouses
In addition to the expertise our team can offer, you'll want to work with an estate-planning attorney to establish:
- Health care directives and a living will that specify the extent to which you want health care professionals to treat you if you become ill or incapacitated.
- Powers of attorney that grant people you trust the legal authority to act on your behalf in case of sudden accident or illness.
- A will or trust to ensure your assets are transferred according to your wishes. And Northwestern Mutual Wealth Management Company can serve as trustee, co-trustee or successor trustee in a wide range of situations.
- The naming of a legal guardian for children under the age of 18.