You’re unique. You’ve got your own goals, values, challenges and concerns. You want to focus on the priorities that matter most to you. And we want to help. 

While all of our clients are different, they are united by our team’s dedication to them. We listen and we learn what drives each person, what’s important to them, and what their idea of success is. And, then we get to work.

We’ve gathered some client scenarios to illustrate the type of service you can look forward to, should you decide to work with us. Perhaps you’ll see a bit of yourself in the stories below. Even if you don’t, we hope what you do see is the Novus commitment at work. 

James and Rob, a newly engaged couple, want to discuss individual financial situations, including how/whether to combine their finances after marriage. They are also interested in establishing a budget for their wedding because they want to begin – and continue – married life with no financial surprises. 

Here’s What We Recommended to James and Rob:

  • Assess the assets and liabilities each of them is bringing to the marriage and determine how they will be handled.
  • Determine how much they can spend on a wedding, creating a must-have and nice-to-have list for flexibility.
  • Allow us to put them in touch with an attorney to discuss a pre-nuptial agreement, as well as other documents, such as healthcare proxies, living wills, etc.
  • Establish short-, medium- and long-term financial goals and create a roadmap to achieve them.
  • Come up with a budget for after the wedding.

Here’s What Happened:

  • James and Rob decided against comingling their finances after the wedding. They settled on a wedding budget, agreed on financial goals and created a budget to jump-start their savings and investing efforts.
  • During the process, they also learned more about each other’s feelings surrounding money, debt, wealth and investing, and aligned their expectations of each other regarding their financial well-being individually and as a couple.

 

 

Jackson and Louise, a high-net-worth couple, are concerned about their legacy. They want to maintain their privacy and  ensure their children are prepared for their inheritance.

Here’s What We Recommended to Jackson and Louise:

  • Discuss their legacy wishes and, together with their children, review their estate plan to identify potential pitfalls.
  • Propose they write a letter of instruction (additional instruction/information about their estate).
  • Hold a family meeting to share their wishes, review the estate plan and set expectations.
  • Prepare them for a discussion with their estate attorney.

Here’s What Happened:

Jackson and Louise updated their estate plan and wrote a letter of instruction to provide their children additional clarity around the estate. After an initial family meeting, the family continues to meet to discuss important updates and ensure everyone is on the same page regarding the couple’s wishes and their estate.

 

 

John, a recent widower, seeks simplicity and financial freedom by downsizing and wishes to remain close to his healthcare providers.

Here’s What We Recommended to John:

  • Review retirement communities within a five-mile radius of John’s healthcare providers.
  • Conduct a cost-benefit analysis of John’s home: selling vs. renting.
  • Help John sell his house and move to a retirement community nearby.

Here’s What Happened:

John reduced his financial stress and broadened his social circle in his retirement community, while remaining a short drive from all of his trusted healthcare providers.

 

 

Soon to be divorced, Kate has received a substantial inheritance being held in trust. She is stressed about her divorce and unsure of her ability to handle her new financial responsibilities. 

Here’s What We Recommended to Kate:

  • Allow us to quarterback her team of advisors, including attorneys, lenders and realtors.
  • Regain control of her inheritance by transferring the assets away from the trustee.
  • Manage her divorce to protect her inheritance.
  • Consolidate her real estate and bank assets.
  • Build a financial plan that coordinates the management of Kate’s assets.

Here’s What Happened:

Kate is enjoying the rewards of having her financial house in order and having a better understanding of her estate. Thanks to taking full advantage of Novus’ concierge services, Kate finalized her divorce without the added stress of managing the process alone.