What Is Transition Management?

    Transition management is an aspect of financial planning that focuses on preparing for and weathering all the changes life brings. We get to know you and understand your “whys,” tailoring your financial plan to support your goals and what matters most to you.

    We identify and address common risks associated with a new job, marriage, divorce, or inheritance and potential opportunities which may capitalize on positive opportunities these transitions present.

    EP Wealth advisors provide guidance, support, and skills to manage financial stress during major transitions so you can emerge confident on your journey into the next chapter.

     

    When You Might Need Transition Management

    Transition management services are beneficial for individuals of all ages and stages of life.

    They are designed to help you navigate challenging life events while savoring the joyful milestones that give our lives meaning.

    Common transition scenarios include:

    • Marital transitions: Navigating asset management and division during a marriage or divorce requires thoughtful planning to protect your interests and create a new financial plan for this next chapter of life.
    • Career Changes: Starting a new job can affect your retirement plans, lead to income fluctuations, and raise questions about Executive compensation and employee benefits. EP Wealth advisors help you to potentially make a smooth transition and take steps to manage your wealth during career gaps.
    • Inheritance and windfalls: Your advisor will help you integrate newfound wealth into your existing financial plan. They will consider your current and future goals, explore tax planning opportunities, and assess the implications of a significant increase in wealth.
    • Sale of a business: A sudden liquidity event, like the sale of a company, comes with a host of considerations that can impact your financial plan. We can assist you in preparing for the sale, model its impact on your financial strategy, and provide ongoing support once the transaction is finalized.
    • Retirement: Transitioning from wealth accumulation to distribution can be a challenging shift. We can assist you during this transition by developing a comprehensive strategy focused on income planning. This includes identifying sustainable income sources, managing withdrawals, and ensuring your investments align with your retirement goals.

     

    Transition Management Strategies

    While everyone’s journey is unique, transition management employs several common, proven strategies to manage significant life changes.

     

    Cash flow modeling

    Cash flow modeling creates hypothetical scenarios that explore how different events might influence your financial situation. By examining various factors, such as market fluctuations, unexpected expenses, or changes in income, we can better understand potential outcomes. This thorough analysis helps you make informed decisions, allowing you to plan for the future with confidence. Ultimately, our goal is to provide you with a financial peace of mind, so you may be prepared for whatever life may bring.

    Mitigating possible financial risks is another way to potentially safeguard your financial well-being. Sudden health emergencies, income drops, and family deaths can have an immediate and life-changing effect on your finances. To create a plan to offset these risks and create a safety net, we assess your insurance coverage, build emergency funds, and manage your portfolio to hedge against the unexpected.

     

    Tax strategies

    Transferring or liquidating large assets can trigger an unwelcome surprise—a significant tax bill. We examine and implement tax strategies to help you move assets while managing tax liabilities, striving for you to keep more of your money.

    For EP Wealth's financial planning advisors, nothing is more rewarding than preparing you for life’s changes and guiding you through them. To learn more about divorce financial planning, retirement planning, and business planning, find an advisor near you.

     

    DISCLOSURES

    • EP Wealth Advisors, LLC. is registered as an investment advisor with the SEC and only transacts business in states where it is properly registered, or is excluded or exempted from registration requirements. SEC registration does not constitute an endorsement of the firm by the Commission nor does it indicate that the advisor has attained a particular level of skill or ability
    • Request an appointment with an EP Wealth Advisor when you have a minimum of $500,000 in investable assets – which includes qualified retirement plans (IRA, Roth IRA, 401(k), taxable brokerage, cash (savings / checking) and CDs. Investable assets do not include your home, vehicles, or collectibles.
    • Hiring a qualified advisor and/or financial planner does not guarantee investment success, and does not ensure that a client or prospective client will experience a higher level of performance or results. No guaranty or warranty is made that any direct or implied results or projections being represented here will be met or sustained.
    • The need for a financial advisor or financial planner and/or the type of services required are specific to the uniqueness of each individual’s circumstances. There is no guarantee or warrantee that the services offered by EP Wealth Advisors, LLC will satisfy your specific financial services requirements. Services offered by other advisors may align more to your specific needs.
    • Information presented is general in nature and should not be viewed as a comprehensive analysis of the topics discussed. It is intended to serve as a tool containing general information that should assist you in the development of subsequent discussions. Content does not involve the rendering of personalized investment advice nor is it intended to supplement professional individualized advice.
    • EP Wealth Advisors (“EPWA”) makes no representations or warranties as to the accuracy, timeliness, suitability, completeness, or relevance of any information presented. All expressions of option are subject to change without notice.
    • The content of this report is believed to be accurate as of the date of publication and cannot and does not accurately forecast future economic, market, or financial conditions; including changes to retirement benefits, social security, and/or Medicare. For this reason, any subsequent changes, and/or that occur after the publication of this presentation may cause the analysis encompassed herein to become inaccurate. Any references to future market or economic forecasts are based on hypothetical assumptions that may never come to pass.
    • All investment strategies have the potential for profit or loss. Different types of investments and investment strategies involve varying degrees of risk, and there can be no assurance that any specific investment strategy will be suitable or profitable for a client’s portfolio. The risk of loss can never be eliminated even if working with a professional.
    • Laws vary by state. The information presented herein is intended to be general in nature and may not apply to your state of domicile. Please consult local legal counsel to determine the best practices for your state.
    • Please consult with a CPA, tax professional, and/or attorney regarding your specific situation before implementing any of the strategies referenced directly or indirectly herein.

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