Women
in Transition

Set Up A Discovery Meeting In today’s fast paced world, our approach to serving women is truly unique. We not only provide access to critical financial planning, but we also serve as a supportive partner during times of difficulty or confusion. You can rely on Fairport Asset Management.

This specialized offering helps create stability and comfort for many women undergoing transitions, whether planned or unplanned. Women in Transition Download.

Transitions

A change in jobs, divorce, the death of a spouse, an inheritance – all bring new responsibilities and questions. At Fairport, our team commitment is to listen, educate and communicate while guiding you during these challenging periods. 

Fairport understands the unique needs of high net worth women who:

  • Value attention to the emotional aspects of their financial decisions and want to learn how to better prepare their entire family for the future;
  • Are well-educated, but not necessarily well-versed in financial planning;
  • Are active within their communities and often focused on a variety of philanthropic activities.

Our professional advisors (which include CPAs, CFP® certificants and CFA charterholders) have experience working with high net worth women – of all ages and at every stage of life to coordinate and implement a financial plan and an estate plan that fits their distinct situation. Fairport has the capability to interface with other professionals on the client’s behalf to deliver an integrated, focused experience.

Fairport is committed to educating women about financial matters and continually connecting with them throughout the relationship. Through decades of working with women clients who are dealing with life transitions, our advisors understand the challenges they frequently face. We serve as advocates for a unique, integrated approach to life decisions.

The Fairport team makes a difference by providing strategies that are sensitive to these potentially overwhelming situations. These strategies help put our clients at ease and create peace of mind.

Solutions for Women™

Fairport Asset Management has long been a leader in helping women build their financial acumen and wealth. In 1990, the firm became an industry pioneer when it launched its first educational series for women designed to increase financial literacy and socially responsible giving. The program was the seed for the now highly acclaimed Solutions for Women™ program, which has been designed for the unique learning styles of women. The program addresses a broad array of topics of particular interest to women, such as how to find the right advisors, charitable giving strategies, asset allocation and investment strategies and raising financially responsible children. Feel free to email us at Hello{at}FairportAsset{dot}com for more details.

Case Studies

Executive Woman and Husband

The Byrnes Family: A Young Family Yearns for More Time

The Byrnes are a busy young family. Samantha is a working mother with the lead career; Patrick is a working father. They have two young children, ages 5 and 7. They have accumulated $1.5 million in investable assets, significant stock grants and options. They are considering a financial advisor to help them find more of their most precious commodity – family time.

Samantha and Patrick were extremely skeptical about financial services after reading about all the corruption in the industry; however, they were struggling with their own financial planning, unsure about how and what to save for their children’s education, and didn’t have a current estate plan. They had been managing their own investments and knew that their lack of knowledge is why they only saw moderate success.

After another Saturday behind the computer, Samantha and Patrick decided it was time to find help. They asked a trusted colleague to refer them to a reputable independent wealth management firm and scheduled an initial meeting.

The firm educated the Byrnes about their advisory services without any hard sell and earned their trust through introductions to other clients in similar circumstances. The Byrnes talked with other customers of the firm and decided to work with an advisor on an annual retainer basis, which felt both flexible and low-risk to the nervous couple.

The family’s first step was to have detailed financial plans drawn up, which allowed them to

  • Track options and grants
  • Understand their benefits plans, including the differences between Samantha’s and Patrick’s plans
  • Revise asset allocation across all their investment accounts, optimizing asset location
  • Make tax and estate planning decisions

Their new firm coordinated all the Byrnes' other advisors and proactively identified additional tax and estate planning opportunities, with a focus on better managing their risk profile.

By being flexible throughout the planning process and showing genuine results, the firm earned the Byrnes’ trust. The Byrnes eventually moved all of their assets to the firm. They are extremely happy with their new freedom and enjoy being able to spend more time with their children.

This is a fictional situation. Neither the investors nor the advisor are real. The description of independent registered investment advisors is for general information purposes only and does not necessarily reflect the services offered by any particular advisor. Advisors’ services, investment strategies and conditions for accepting accounts may vary. 

Widow

Judy, an Overwhelmed Widow

Judy suddenly and unexpectedly lost her husband of many years. She was left with $3 million in investable assets and a total net worth of $5 million. Judy’s husband had always had the primary relationship with their financial advisor, Dean, and often attended meetings without Judy. She had little knowledge of her and her husband’s investments or other details of their financial plans.

While dealing with the grief of losing her husband, Judy was overwhelmed by the acronyms and terms Dean tossed around. She was shocked by all the requests for information as she tried to get her husband’s financial affairs in order. From insurance and IRAs to bank accounts and benefits, it felt as though everyone needed some obscure document. Judy was also worried about running out of money because, although she understood her cash-flow needs, she wasn’t sure how or if her portfolio would support it.

Feeling besieged and misunderstood, Judy fired Dean and looked for an advisor who would empathize with what she was going through, asking a close friend if she knew an advisor who could help her. Judy was delighted when one of the advisors she met with, Matt, spent the entire first meeting just asking questions and listening to her concerns. She felt heard, more comfortable, more knowledgeable and more in control.

After the initial meeting, Matt coordinated all of Judy’s other advisors in an effort to simplify and facilitate as many of the transition requirements as possible. He created a one-page summary of all the necessary transitions of financial assets and accounts, including columns for accounts, transition required, person responsible for completing it, due date and status. Matt also obtained letters of authorization where possible so that he could complete paperwork on Judy’s behalf.

After hearing about Judy’s cash-flow concerns, Matt reduced the lengthy distribution plan used for most clients to a one-page summary illustrating what Judy could safely withdraw from her portfolio without invading principal. Judy was relieved when she learned she would be comfortable and able to continue to enjoy the lifestyle she and her husband had built during their marriage.

Judy was extremely grateful to Matt and his firm for the great work he and his team did for her during such a difficult time. She appreciated the customized approach and assistance in areas that were most important to her. Judy remains an enthusiastic and loyal client of the firm.

This is a fictional situation. Neither the investors nor the advisor are real. The description of independent registered investment advisors is for general information purposes only and does not necessarily reflect the services offered by any particular advisor. Advisors’ services, investment strategies and conditions for accepting accounts may vary.