Wealth Management Services

McGowanGroup Asset Management (MGAM) believes that every client benefits from a plan that assists in meeting their financial goals. More than a registered investment advisor, our wealth management firm analyzes the entire financial health of our clients. We are independent advisors based in Dallas Fort Worth with no other affiliation and utilize a transparent asset based fee-only  model  for compensation. Our team of wealth advisors will make recommendations to improve cash flow, provide estate recommendations and recommendations designed to maintain top wealth for generations.

Example Financial Goals:

• Preparing for retirement
• Planning for a major business acquisition, merger or exit
• Legacy planning
• Limiting tax liabilities
• Contributions to philanthropy

Investment Management

The process begins with an Investment Plan Outline. This analysis allows MGAM as an investment firm to understand our clients on a more personal level and discover what is most important to them. This is more than financial planning and advisory services. Consolidation results in the post transfer review and allocation implementation. Comprehensive performance tracking is the initial result allowing for more scientific decisions based upon the actual results of private equity investing. Quarterly reviews ensure follow up and customization for cash flow.

Trusts and Estates

As part of the overall planning process we recommend conference calls with both your qualified tax professional and estate planning attorney. As the investment advisor, our part of the process involves the implementation of the estate plan through trusts and beneficiary designations.

Estate planning coordination with your chosen attorney includes review of current documents, needed changes, logistics projections under different scenarios, executor/trustee recommendations and education through MGAM’s Trustee Bootcamp.

MGAM also provides a list of estate planning attorneys around Dallas TX that we have selected based on who we have worked with successfully over the long term.  The coordination and implementation services are included as part of the MGAM wealth management platform.

Tax Planning and Preparation

The recommended annual summer planning call with your CPA is designed to both provide the information they will need efficiently and to implement the CPA’s advice in harmony with the investment plan.

MGAM provides a list of CPAs that we’ve selected based on who we have worked with successfully in the past. Your CPA will automatically receive the documentation required for tax planning and execution through the MGAM client portal. Coordination for tax law and bracket changes is built into the process to facilitate advance planning.

Education and Philanthropy

MGAM’s Trustee Bootcamp includes updates for your executor and key trustees.  The process for engaging the family includes white boarding the plan and contingencies for better understanding by all generations top to bottom.

MGAM Coordination and timing of charitable trusts along with family activities can enhance tax planning through a long term vision and process. Coordinating donor advised funds can play a key part of accomplishing objectives.

Frequently Asked Questions