Auditing for Innovation
December 3, 2024
Skip to content In an era where financial markets are increasingly complex and unpredictable, effective wealth management has become more important than ever. Wealth management, at its core, is the professional service that combines financial and investment advice, accounting and tax services, retirement planning, and legal or estate planning. It is designed for individuals and businesses with substantial assets who need expert guidance to optimize their wealth.
Historically, wealth management sprang from the financial services sector in the late 20th century as a high-level form of private banking for those of marked affluence. In Rochester, NY, it has seen a notable surge in uptake due to the city’s thriving industries and flourishing local business scene, which has created a substantial number of high-net-worth individuals (HNWIs).
In relation to the significance of wealth management, it essentially helps individuals and businesses to construct a strategic financial plan and stay the course to reach their long-term financial goals. It assists them in navigating through the complexities of investment choices, minimizing risk and tax implications, and ensuring wealth preservation and generational transfer.
There’s more to wealth management than simply making investments. It’s about creating a comprehensive plan that enables you to achieve your financial objectives, both short and long-term. A good Certified Public Accountant (CPA) plays an integral role in shaping this financial plan.
A CPA is not just a number-cruncher. They are strategic advisors who can provide sound advice on a variety of financial matters:
• Portfolio Enhancement: CPAs can guide you on how to optimize your investment portfolio by diversifying your investments to minimize risk and maximize returns.
• Tax Optimization: They can provide expert advice on tax strategies to minimize your liabilities and leverage tax-efficient investing strategies.
• Estate Planning: CPAs can assist with estate planning, helping ensure your wealth is passed on to your heirs in the most financially beneficial and tax-efficient way.
In essence, a good CPA brings valuable financial expertise, broad perspective, strategic foresight, and personalized service to the complex world of wealth management.
When it comes to wealth management in Rochester, DeFreitas & Minsky LLP stands out as a distinguished CPA firm. Founded with a commitment to provide unparalleled personal service to our clients, we uphold the ideals of professionalism, responsiveness, and quality in our service delivery.
DeFreitas & Minsky LLP presents a unique blend of big-firm capability coupled with small-firm personal attention. Our advisors build long-standing relationships with clients who value our tailored financial advice. It is underscored by:
• Comprehensive Solutions: We offer complete wealth management services under one roof that cover every aspect of your financial landscape.
• Proven Expertise: Our team of highly skilled and experienced professionals brings a wealth of knowledge in the various aspects of wealth management.
• Customized Approach: Recognizing the unique circumstances and financial goals of each client, we offer bespoke solutions tailored to your specific needs.
Choosing DeFreitas & Minsky LLP for your wealth management needs in Rochester means you’re entrusting your financial future to professionals with an unwavering commitment to putting your interests first. Whether you’re looking to grow, preserve, or transfer your wealth, our team offers the expertise and services necessary to help you make the best financial decisions.
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