What We Do

Investment Management is at the core of our work as financial advisors.

Investment Management is the selection of specific holdings in a portfolio. While each situation is unique and will dictate specific needs, we continuously monitor the following:

• Asset allocation: The investment strategy that attempts to balance risk and reward by adjusting the percentage of each asset class (e.g. US stocks, foreign stocks, bonds, cash). This has been shown to be an important predictor of investment performance.
• Portfolio returns: While of significant importance, portfolio returns are just one part of the overall evaluation of a portfolio.
• Portfolio risk: Generally thought of as volatility, mitigating unnecessary portfolio risk requires significant attention and effort. The risk taken would ideally be proportionate to the returns earned.
• Impact of costs: We seek to minimize investment costs to the greatest extent possible.
• Impact of taxes: One of the top goals for most retirees is to make their money last a lifetime, and taxation is one primary obstacle.
• Impact of inflation: Another primary obstacle for making your money last a lifetime, inflation has the potential to reduce one’s ability to afford their lifestyle through retirement.
• Appropriate use of Socially and Environmentally Responsible investments: These investments seek to invest in companies that adhere to certain standards and are typically implemented upon request from the client.

This investment profile is hypothetical and is presented only as an example and not intended as investment advice. Please note, changes in tax laws or regulations may occur at any time and could substantially impact your situation. You should discuss any tax or legal matters with the appropriate professional.

Tax Planning aims to help you keep more of what you’ve earned.

Taxes are one of the primary obstacles that investors face in preserving their wealth. By working collaboratively with our clients’ tax preparers, we can utilize multiple strategies aimed at reducing tax burdens. 

• Tax-efficient investing: By carefully selecting investments with specific tax profiles, we can strive to increase the after-tax return of our clients’ investments. 
• Tax-advantaged investments: We understand that while certain investments are more suitable for retirement accounts, such as IRAs, while others are more suitable to taxable accounts, such as individual and trust accounts.
• Realizing capital losses: Realizing capital losses for tax purposes, known as ‘Tax Loss Harvesting,’ can be an effective tax planning tool that we aim to implement when appropriate.
• Controlling taxable income for insurance purposes: We understand that taxable income is important in determining premiums for certain insurance policies and other benefits. By controlling taxable income, we aim to help our clients mitigate the costs of insurance. 

Please note, changes in tax laws or regulations may occur at any time and could substantially impact your situation. You should discuss any tax or legal matters with the appropriate professional.

This investment profile is hypothetical and is presented only as an example and not intended as investment advice. Please note, changes in tax laws or regulations may occur at any time and could substantially impact your situation. You should discuss any tax or legal matters with the appropriate professional.

The next component of Wealth Management is Estate Planning.

Estate planning is more than just paperwork—it’s crucial to ensuring a smooth transfer to the next generation. When done incorrectly, it can lead to family disputes, costly litigation, and unnecessary probate delays—jeopardizing the very legacy you worked so hard to build.

Because of our relationship-driven approach, we collaborate with estate attorneys, private fiduciaries, and trust companies to help ensure your wealth transfer goals are met efficiently and effectively.

While some clients prioritize leaving wealth to family, others focus on charitable giving or other meaningful causes. No matter your wishes, we help facilitate a transfer that minimizes complications and maximizes impact.

Estate planning attorneys create essential documents like living trusts, but your financial advisor plays a critical role every time they help you complete an IRA or life insurance beneficiary form or properly title taxable accounts.

For example, does the custodial agreement that holds your investments default to pro rata or per stirpes? Many incoming clients tell us they were never asked—but every document defaults to one or the other. Which is right for you?

These small details can have major consequences, and we’re here to ensure your plan is built the way you intend.

For more information, please read Chapter 3, “Don’t Disinherit Your Children by Accident” in Kevin’s book Make Your Money Last a Lifetime®.

This investment profile is hypothetical and is presented only as an example and not intended as investment advice. Please note, changes in tax laws or regulations may occur at any time and could substantially impact your situation. You should discuss any tax or legal matters with the appropriate professional.

Another component of Wealth Management is Insurance Planning.

With such significant resources dedicated toward accumulating and distributing wealth, we strive to ensure that the wealth is sufficiently protected. Creditors, death, illness, disability, and liability all pose significant threats to clients’ wealth. It is then of utmost importance to inoculate our clients from as much of this as possible.

Although we do not sell some necessary services, such as homeowner’s insurance or umbrella policies, we do guide our clients through the various decisions that need to be made and help provide some clarity where there is often confusion.

Rick and Amy had accumulated wealth, but didn’t feel confident that they had the appropriate protection in place should something happen. How should they title their assets to provide sufficient protection in the event of a death or judgment against them? Did they have too much or too little insurance for their various needs? Did they need life insurance? Was an umbrella policy appropriate?

What a shame it would be to work hard to accumulate wealth, only to lose some or all because of a misunderstanding of how financially vulnerable we can be under certain circumstances.

This investment profile is hypothetical and is presented only as an example and not intended as investment advice. Please note, changes in tax laws or regulations may occur at any time and could substantially impact your situation. You should discuss any tax or legal matters with the appropriate professional.

Another component of Advanced Planning is Philanthropic Planning. 

There are important elements of Wealth Management that are often missed. For instance, many people want to make a positive impact on their communities. At Bourke Wealth Management, we can help you strategize ways to donate to the causes and organizations that are close to your heart. 

While many people want a portion of their estate to benefit the nonprofit organizations that matter to them most, it is often lamented that they do not get to see the impact their contributions make. We can share options for donating during your lifetime that may allow you to see the direct impact of your gifts during your lifetime. We strive to do this in a manner that both maximizes your donation for the sake of the organization, as well as use these strategies to minimize your tax liability.

Whether you want to contribute to your local nonprofit or an organization that spans many continents, there are ways we can help you achieve your philanthropic goals.

This investment profile is hypothetical and is presented only as an example and not intended as investment advice. Please note, changes in tax laws or regulations may occur at any time and could substantially impact your situation. You should discuss any tax or legal matters with the appropriate professional.