What is Wealth Management?
At first glance, the term “wealth management” might appear to be vaguely defined, allowing it to be used loosely in conversations with financial professionals. For Gitterman Wealth Management, our wealth management services refer to personalized and specific financial services that are delivered to a wide range of individuals from a variety of backgrounds.
We proudly provide client-centered services that cover a wide range of financial issues. Our comprehensive approach allows us to give each one of our clients a personal experience from start to finish, giving them guidance along each step of their financial journey. We understand how important the security and growth of your wealth is, which is why we work on your behalf to protect it.
Wealth Management Services
Our customized wealth management services include:
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Who Are Our Clients?
Our clients are varied and diverse. They are professionals, individuals and families, independently unique which is precisely why our client-centric approach delivers the right guidance through every step of their financial journey.
We work with people who desire a clear understanding of what’s involved and the personalization to know that it’s right for them. Our clients believe that communication is paramount to achieving their goals and we agree, which is why we strive to maintain open communication to sustain a successful planning relationship.
Our Clients’ Goals
Our clients, most of all, want transparency through their financial journey. They seek the right path to a comprehensive wealth strategy that will preserve their legacy and establish financial independence. While our clients’ needs are diverse in nature, we do see the following similarities in their goals:
- Generating enough current income while still saving for retirement.
- Minimizing their investment risk.
- Incorporating effective tax strategies into their planning.
- Ensuring they have saved properly and will not outlive their retirement income.
- Ensuring they have the proper insurance plan in place.
A Customized Wealth Management Experience
For more than a quarter century, the name Gitterman has resonated within the investment and retirement planning landscape. Our advisors specialize in working with high-net-worth individuals. We proudly provide client-centered services that cover a wide range of financial issues. Our comprehensive approach allows us to give each one of our clients a personal experience from start to finish, giving them guidance along each step of their financial journey.
As an independent and privately owned firm, we work with our clients to determine which strategies are best suited to their unique financial situation. Our independence allows us to be a resource and advocate for our clients seeking out only the most appropriate solutions.
We are stewards of our clients’ wealth and we invest solely to meet our clients’ objectives. We pride ourselves on the integrity and the commitment we display when working with our clients.
An Enduring Presence
Since 1989, the professionals at Gitterman Wealth Management have provided financial guidance to college professionals. Since 1996, the firm has been approved by the state to provide retirement planning services to participants in the New Jersey Alternate Benefit Program (ABP) and the Public Employees Retirement System (PERS). These retirement programs, when combined with an employee’s Social Security and other savings, may provide retirement security.
Today’s Complex World
The financial landscape has become an intricate, multifaceted terrain of opportunities and corresponding risks associated with accumulating and preserving wealth. We work closely with our clients to provide the strategic planning and investment research necessary to make the most appropriate financial decisions.
More About Our Services
- Financial Planning
- Investment Management & Philosophy
- Sound Research
- Mitigating Downside Risk
- Estate and Legacy Planning
- Insurance Planning
- Our Process & Approach
We create a customized financial planning experience that is meant to serve your financial goals. By utilizing our personalized approach to financial planning, we provide you with the following:
- Cash Flow Analysis: Evaluating your cash flow needs before and during retirement.
- Monte Carlo Analysis: Projecting the probability of successfully funding your retirement.
- Asset Allocation: Develop investment strategies designed to help control the risk within the portfolio and structure it appropriately to assist you in achieving your financial goals.
- Social Security Analysis: Develop a plan to help maximize your benefits.
- Education Planning: Develop a savings plan and recommend tax efficient vehicles for college tuition.
Investment management is a significant component of our customized wealth management solution. We develop and implement personalized investment management strategies that are designed specifically for our clients’ financial goals.
Your time horizon, return objectives, risk tolerance, tax situation and unique personal circumstances come together in a strategy that is tailored just for you. We strive to structure a diversified investment portfolio, proactively monitor your portfolio and rebalance your portfolio strategically and tactically to help ensure that you remain on course to meet your financial goals.
We structure your customized portfolio utilizing a combination of the following investments:
- Mutual funds
- Individual fixed income
- Separately managed accounts
- Alternative investments
- Hedge funds
- Structured products
- Private equity
We create diversified portfolios in an effort to:
- Combine assets that do not move in lockstep.
- Achieve solid returns at a controlled risk level.
- Think globally in search of compelling investment opportunities.
- Use private investments, when appropriate, for added diversification and return potential.
We proactively manage portfolios by:
- Taking advantage of a constantly changing marketplace.
- Decreasing your exposure where risks and valuations appear unusually high.
We design tailored investment plans by:
- Customizing your plan to your long-term goals.
- Ensuring that you are investing appropriately for someone with your risk tolerance and time horizon to retirement.
- Adjusting your allocation as your circumstances evolve over time.
Managing and preserving your wealth requires daily attention to detail, technical knowledge and tireless research and discipline. In any economic environment, research is vital to the success of any wealth management plan.
Our team performs ongoing reviews of the managers we choose to work with to assess risk-adjusted performance, adherence to style, performance attribution, portfolio impact, stress testing under different market conditions and effectiveness of active management.
Through our strategic professional relationships with firms such as Fidelity Investments, Goldman Sachs and Ladenburg Thalman, we provide our clients with the most comprehensive research and planning tools available.
At Gitterman Wealth Management, we believe that the essence of investment management is the management of risk. Market downside can affect your potential to reach your retirement goals.
We utilize a diversified set of strategies that dampen the effects of volatile markets to add a level of protection and seek to mitigate downside loss potential in portfolios. We will prudently manage your wealth to ensure that your goals are realized while, at the same time, limiting your downside risk. By remaining constant in our approach, we seek to mitigate the potential negative effects of responding to noise in the marketplace.
Our long-term view provides each client with a rational investing framework that helps prevent impulsive reactions to short-term market volatility. As stewards of our clients’ wealth, we help them efficiently achieve their goals while protecting the assets that they have entrusted us to manage.
Gitterman Wealth Management’s advisors strive to integrate estate and legacy planning concepts into the investment advice we render to our clients. Often, clients with whom we work do not completely understand how their pension and other assets have accumulated, including real estate and other personal property passed on to the next generation.
They may not be aware of the tax consequences of these transfers and the ways in which they can most efficiently transfer their wealth. Whether assisting you in the development and implementation of philanthropic plans, the tax-efficient transfer of wealth within the family or simply the minimization of income or estate taxes, our advisors are prepared to work with your attorneys, accountants and other professionals to develop the most appropriate plan to achieve your financial objectives.
We recognize that insurance may be an important tool for protecting and preserving your wealth. We will work with you to make sure that you understand the insurance programs that you have available through your employer and how they change when you retire.
Through our strategic partnerships with virtually every major insurance company, we will work with you to provide access to customized solutions that can enable you to manage risk, enhance investment efficiency and secure significant tax benefits for your estate.
Our planning process begins with a detailed data-gathering meeting, which we generally complete in your home or at our offices. Your unique circumstances are analyzed and an individual retirement and investment analysis is prepared for your review.
If there are any recommendations that our firm feels are appropriate, we will provide them to you in writing. If you choose to move forward with the recommendations, you may contact us and we will begin the implementation process.
We will then begin to meet on a regular basis to track your progress towards reaching your goals.
We identify a client’s wealth management goals and objectives while also considering the client’s risk profile and tolerance, liquidity needs, time horizon, tax considerations, non-investment assets, client-specific portfolio restrictions, insurance needs, estate planning needs and other unique circumstances. Our goal is to develop a plan to achieve your personal financial objectives.
Through a disciplined approach and a long-term perspective, we help you avoid emotional decisions, while conscientiously preserving the capital you entrust to us. We leverage technology in a way that allows us to analyze financial intelligence and manage risk. These tools are also used to adjust your portfolio to reflect changes in your circumstances. In addition, you have easy and secure access ti information about your investments.