Case Studies

Smart Advice Client Focus

The Busy Corporate Executive

The client, a C-suite executive working for a company that had recently gone public, had a significant portion of his wealth in stock options. He wanted to exercise the options and then “semi-retire” to spend more time with his family but continue to work in his privately held business. Since his options were held in a publicly traded (listed) company that was thinly traded, there were limited selling windows.

Client Needs

man typing on laptop during business meetingTo know more about the 10B51 plan he had been offered. He also wanted to restructure his portfolio to be better diversified.

Smart Advice

We recommended a plan to fund the cost of several important goals: college and grad school education, purchase of a second home and liquidity to build a closely-held business. A 10B51 sales program was established to capture the upside stock price movement with downside risk protection. We created a new portfolio allocation for the stock proceeds that provided real rate of return consist with cost of goals and clients risk appetite.

Outcome

  • Stock sales funded the client’s top-priority goals
  • An estimated tax payment schedule was created to eliminate tax penalties
  • The client was able to return to his lifestyle of choice, with additional liquidity on the books

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