By using our website you have entered into a binding agreement to accept our terms of use. Please read these terms carefully. They affect your legal rights and limit our liability. If you do not agree to be bound by every one of these terms, please exit our site immediately.

MODIFICATIONS

We may modify these Terms at any time without notice to you. The latest Terms will be posted on our Website. By using the website after we have posted modifications, you agree to be bound by the modifications. If you do not accept the Terms as modified, do not continue to use the Website.

LIMITED LICENSE

We grant you a limited, non-exclusive, non-transferable, revocable license, without any right to sublicense, to use our Website strictly in accordance with the Terms. You may use the Website solely for personal, non-commercial purposes, and not for republication, distribution, assignment, sublicense, sale, preparation of derivative works, or any other use. Commercial use of any content on the Website is absolutely forbidden. You may not print out or use an electronic version of any part of our Website. You agree not to copy materials, content or any other information on the Website, reverse engineer or break into (hack) the Website, or use materials, products or services in violation of any state or federal law.

LAWFUL USE

You agree to comply with all applicable domestic and international laws, statutes, ordinances and regulations regarding your use of our Website. In addition, you agree not to manipulate or otherwise display the Website by using framing or similar navigational technology. You agree not to access the Website by any means other than through the standard industry-accepted interfaces. You will not use the Website for any purpose that is unlawful or prohibited by these Terms. You may not use the Website in any manner which could damage, disable, interrupt, over burden, or impair the Website or WLIM’s network or servers, or interfere with any other party’s use and enjoyment of the Website. You may not attempt to gain unauthorized access to the Website, other accounts, computer systems or networks connected to the Website, through hacking, password mining or any other means. You may not obtain or attempt to obtain any materials or information through any means not intentionally made available through the Website. In addition, you shall not register, subscribe, attempt to register, attempt to subscribe, unsubscribe, or attempt to unsubscribe, any party for the Website if you are not expressly authorized by such party to do so.

OUR RELATIONSHIP TO YOU

You and we are independent contractors. This Agreement in no way creates any agency, partnership, joint venture, employee-employer or franchisor-franchisee relationship between us.

OUR INTELLECTUAL PROPERTY

All content on the Website, including but not limited to designs, data and databases, text, graphics, images, photographs, illustrations, audio and video material, artwork, proprietary information, client-side code (e.g. HTML, JavaScript, etc.), server-side code (e.g. active server pages, VBScript, databases, etc.), information and statistics concerning the use of the Website, and all copyrightable elements of the Website, and their selection and arrangement (collectively, “Content”) are the property of WLIM. Our Content is protected by U.S. copyright law, international treaties and other intellectual property rights. Except as otherwise stated herein, Content may not be copied, transmitted, displayed, performed, distributed (for compensation or otherwise), licensed, altered, framed, stored for subsequent use or otherwise used in whole or in part in any manner without our prior written consent, except to the extent permitted by the Copyright Act of 1976 (17 U.S.C. §107), as amended, and then, only with notices of our proprietary rights. You may, however, download the information in the Website and print out hard copies for your own personal, noncommercial use, so long as you do not remove any copyright or other notice as may be contained in the information as downloaded.

INTENDED AUDIENCE

This Website is intended for adults aged 18 years or older. Any registration by, use of or access to our Website by anyone under age 18, is unauthorized, unlicensed and in violation of these Terms of Use. By using our Website you represent and warrant that you are 18 or older and that you agree to and to abide by all of the terms and conditions of this Agreement.

[WLIM has sole right and discretion to determine whether to accept a Client, and may reject a Client with or without explanation.

If you become a Client, you will receive a password that will allow you to access to a secure section of our Website. You agree to maintain the confidentiality of your password and are fully responsible for all liability and damages resulting from your failure to maintain that confidentiality and all activities that occur through the use of your password.

You agree to immediately notify us of any unauthorized use of your password or any other breach of security. You agree that our Website cannot and will not be liable for any loss or damage arising from your failure to comply with password security as discussed herein.]

FINANCIAL, LEGAL AND OTHER ADVICE DISCLAIMER

Your use of the Website creates no professional relationship of any kind between you and WLIM. Nothing contained in our Website shall constitute financial, investment, legal and/or other professional advice to or for you. You hereby agree that you shall not make any financial, investment, legal and/or other decision based in whole or in part on anything contained in our Website.

USE OF INFORMATION

We reserve the right, and you authorize us, to use and assign of all of your information regarding your use of our Website in any manner consistent with our Privacy Policy.

All remarks, suggestions, ideas, graphics, or other information communicated by you to us (collectively, “Submission”) is considered assigned to us and is as such considered our property. We will not be required to treat any Submission as confidential, and will not be liable for any ideas (including without limitation, product, service or advertising ideas) and will not incur any liability as a result of any similarities that may appear in our future products, services or operations.

Without limitation, we will have exclusive ownership of all present and future existing rights to the Submission of every kind and nature everywhere. We will be entitled to use the Submission for any commercial or other purpose whatsoever, without compensation to you or any other person sending the Submission. You acknowledge that you are responsible for whatever material you submit, and you, not us, have full responsibility for the message, including its legality, reliability, appropriateness, originality, and copyright.

We may assign these Terms and our rights hereunder, in whole or in part, to a third party, in our sole discretion, in connection with a merger, acquisition, reorganization or sale of substantially all of our assets, or otherwise. You may not assign, sublicense, or delegate any of your rights hereunder.

PRIVACY POLICY

Our Privacy Policy is considered part of this Agreement. You should review this Privacy Policy by clicking on this link.

We offer three different service levels that include financial planning and investment management: Professional, Executive, and Concierge. We offer a fourth service level of Investment Management Only which is typically for clients with smaller investment accounts. As clients’ needs may change over the years, clients may change service levels after the first year of engagement (or as specified in the terms of the wealth management agreement). This document describes our different levels of engagement with our clients while the actual fees for the various service levels are listed in our fee schedule.

Professional Level

Professional Level

The Professional Service Level is suitable for clients with less complex situations and typically smaller investment accounts. This service level includes the following financial planning services:

  • Investment Management: Investment assets are managed using the methodology described in the Investment Management Service Level and our Investment Principles.

  • Retirement Planning: after analysis of client’s wealth, including reviewing Social Security Statements, we look for opportunities to improve the efficiency of clients’ retirement savings and determine if adjustments are needed. Based on this analysis we make recommendations, which may include maximizing employer matches, increasing level of contributions made to employer offered retirement plans, opening individual retirement accounts, opening employer retirement accounts for the self-employed or saving through non-tax advantaged accounts. The review and selection of investment options for accounts not managed by us, annuities and small business retirement plans are not included in this service level. *

  • Tax Planning: we review our clients tax returns with the main purpose of finding tax optimization opportunities. We do not audit tax returns or review them with the goal of identifying tax preparation errors, although we do inform clients if in the process of our tax planning review, we detect any potential form errors or omissions. Examples of tax planning opportunities we look for include maximizing use of itemized/standard deductions, IRA contributions, Roth IRA conversions, the use of tax credits such as the child tax credit, foreign tax credit, education credits, dependent care credits, premium tax credit etc., Schedule E non-complex rental activity tax efficiency, Schedule C non-complex business activity tax efficiency, tax efficient use of carry over balances such as PALs, NOLs, capital losses and foreign tax credit carry forwards. Not included in the services level is small business, multistate and cross-border tax planning or advice on executive compensation. *

  • Estate Planning: we discuss with our clients their estate planning goals and we educate them about estate planning, including lifetime gifting, to understand who their intended beneficiaries are and if they have any legacy and charitable intentions that need to be addressed. We review their current set of estate documents, including wills, powers of attorney, health directives, living wills and HIPPA authorizations. We also review life insurance, retirement accounts, brokerage and bank account beneficiary designations for consistency with the intended goals. When discrepancies are detected, we make recommendations such us changing beneficiary designations, updating estate documents, etc. We are not attorneys, so we do not provide legal advice and we do not write estate documents. Clients implement recommendations by working with their own attorneys. Not included in the service level is the coordination with clients’ attorneys, the use of trusts, international estate planning and estate and inheritance tax planning. *

  • Insurance Planning: we discuss the role of insurance in mitigating risk in our clients’ lives and review our clients’ existing insurance coverage to determine if there are any gaps that may need to be addressed. Insurance planning includes the analysis and coverage recommendations for the following types of insurance: life, health, car, homeowners, renters, landlord, umbrella, etc. We are not insurance agents or brokers, so we do not sell insurance products and clients work with their agents to implement insurance recommendations. Not included in this service level are detailed insurance policy analysis and comparisons, coordination with insurance agents and brokers, international insurance coverage and other more complex situations. *

  • Miscellaneous Financial Planning Questions: we are available to answer client questions throughout the year on various issues such as primary and vacation home purchasing and financing, saving for children’s college education, cash flow and home budget management, employee benefit annual elections, health insurance options, including HSAs, tax and banking questions, etc. Sometimes clients may have questions that require extensive research, calculations and modelling. When this is the case, we will inform the client that the question exceeds the scope of their engagement and that the service may be retained as an add-on financial planning project at our hourly fees. *

* Financial planning services beyond the scope of the service level may be provided to clients at their request on a project basis, when advisor capacity allows it, by mutual agreement with their advisor/s. Engagement letters between the client and advisor, describing the scope of the financial planning services, the fee and the delivery deadlines, are required prior to the commencement of any such projects.

Executive Level

Executive Level

The Executive Service Level is suitable for clients with more extensive financial planning needs and typically more and larger investment accounts, small business planning or cross-border planning needs.  This service level includes the financial planning services of the Professional level, plus up to 20 additional hours of the following financial planning services:

  • Retirement Planning: Advice related to Social Security Treaties, also known as Totalization Agreements, the WEP (windfall elimination provision), small business retirement plans, social security benefits for foreign spouses and tax efficient funding and distributions of foreign employer pensions and individual foreign pensions. **

  • Tax Planning: Discussions with clients’ US and foreign tax advisors to ensure the coordination of domestic and US tax planning and reporting; review of US tax returns with international information reporting forms such as FBARs, Form 8938, foreign trust and foreign corporation reporting; advice related to IRS offshore voluntary compliance programs and coordination with tax attorneys and tax professionals working on the submissions; rental and small business tax planning; and planning and reporting advice related to expatriation (surrendering a US green card or citizenship) or naturalization (acquiring US or Swiss citizenship). **

  • Estate Planning: Coordination with clients’ estate attorneys in the USA and other countries during the implementation of US domestic or international estate plans; advice related to the use of trusts as estate planning instruments; and charitable giving strategies.

  • Insurance Planning: Insurance policy review and comparisons, coordination with insurance agents and brokers in the USA and other countries, international insurance coverage and other more complex situations such insurance for small businesses and independent professionals. **

  • Miscellaneous Financial Planning Questions: in addition to the type of questions described in the Professional Service Level, we are available to answer client questions throughout the year on cross-border planning issues such as purchasing and financing real estate outside the USA, funding for college education in a foreign country with existing 529s , foreign banking questions, working as independent professionals in a foreign country, exercising foreign stock awards, understanding foreign severance pay and unemployment benefits, etc. **

** When an Executive Service Level client has exceeded their 20-hour annual limit, additional financial planning services may be provided to clients at their request on a project basis, when advisor capacity allows it, by mutual agreement with their advisor/s. Engagement letters between the client and advisor, describing the scope of the financial planning services, the fee and the delivery deadlines, are required prior to the commencement of any such projects.

Concierge Level

Concierge Level

This service level is suitable for clients with complex financial planning and investment management needs who want access to our advice with no time limitation. Clients operating cross-border family businesses, those with large international estates, including commercial real estate, US, and foreign trust structures and multigeneration multinational families usually require this level of service.

At this level, we also work in close collaboration with our clients’ advisors, such as accountants, insurance agents and attorneys, and facilitate the coordination of their overall financial affairs. At the request of the client, specialized tax services may also be included at this level, such as US international tax preparation and representation services.

Annual fees depend on the complexity and scope of the financial planning and investment management and fees for the concierge level start at $30,000.

     
Investment Management Only

Investment Management Only

The Investment Management Service Level is suitable for clients with simple and stable financial situations, typically with smaller investment accounts, who are looking for professional management of their investments without ongoing financial planning services.

  • Investment Management: we perform a discovery of our client’s wealth composition (assets and liabilities), risk profile (risk tolerance, capacity and need), investment horizon and financial goals. This information is used to create the client’s individual Investment Policy Statement, which guides our portfolio management process. Please refer to our Investment Principles document for a description of our investment management methodology.

Financial planning services may be provided to clients at their request on a project basis, when advisor capacity allows it, by mutual agreement with their advisor/s. Engagement letters between the client and advisor, describing the scope of the financial planning services, the fee and the delivery deadlines, are required prior to the commencement of any such projects. Please refer to the Professional, Executive and Concierge Service level descriptions below for an overview of the financial planning services we typically provide to clients at those service levels.