Wealth.com, the industry’s leading estate planning platform, unveils its latest innovation: Family Office Suite™, a cutting-edge collection of estate management technologies designed for highly complex estates. The Family Office Suite is specifically tailored to the needs of firms that service high-net-worth (HNW) and ultra-high-net-worth (UHNW) individuals and families, enabling their advisors and in-house wealth strategists to deliver incredible estate planning value to clients, while reducing manual work through automation and processes that are both scalable and repeatable.
With Family Office Suite, advisors gain the ability to:
- Visualize the complex. With new features, including Heritage Map, Legacy Navigator, EstateFlow and Irrevocable Trust One-Pagers, advisors will be able to demystify and bring to life estate planning nuances like sub-trust distribution schemes, federal and state estate tax implications, Generation-Skipping Transfer Tax (GST) exempt and non-exempt trust breakdowns, administrative costs and more.
- Quantify tax alpha. Estate tax calculators and scenario analysis capabilities give advisors the ability to quantify tax implications and identify tax optimization opportunities.
- Organize and collaborate. Advisors can simplify data collection by leveraging the wealth.com Vault and Ester™ AI to instantly extract and centrally store all key information from estate planning documents. Collaboration is further enhanced between advisors, in-house specialists and important intermediaries through in-app tooling and direct API integrations with leading CRM and Portfolio Management systems.
- Deliver refined reports. Financial advisors can create the ultimate client deliverable, in seconds, using the Report Builder. Wealth.com does the heavy lifting by transforming all underlying client data into ready-made visuals and slides. All reports can be firm-branded, complete with custom colors, fonts and logos.
“As we advance our product roadmap, particularly for advisors serving high-net-worth and ultra-high-net-worth clients, we are committed to transforming all aspects of the estate planning service model to be a more efficient and effective process,” said Danny Lohrfink, chief product officer and co-founder of wealth.com. “The Family Office Suite not only elevates the client experience but also unlocks greater productivity for advisors—what used to take weeks now takes mere minutes. ”
As wealth.com strives to revolutionize the estate planning experience for advisors and their clients, it is continually developing creative solutions that are underpinned by legal excellence and rigor. In support of these efforts, the company has appointed David Haughton, JD, CPWA®, as senior corporate counsel. Drawing from his experience as team lead of Advanced Planning at Commonwealth Financial Network (“Commonwealth”), in addition to his legal acumen, Haughton will aid in developing sophisticated yet intuitive products. Collaborating closely with the broader wealth.com team, he will work to ensure that all offerings are of the quality and caliber that advisors expect.
During Haughton’s tenure at Commonwealth, he was responsible for providing estate, trust, charitable, education, business and social security planning support to the firm’s affiliated advisors. Prior to Commonwealth, he was an attorney in private practice. He earned his JD at the Massachusetts School of Law and is admitted to the Massachusetts and New Hampshire bars, as well as the U.S. District Court, District of Massachusetts and the U.S. District Court, District of New Hampshire.
“Over the course of my career, it’s become clear to me that advisors can add significant value for their clients throughout the estate planning process,” said Haughton. “Helping clients establish enduring legacies is a profound responsibility, and wealth.com clearly understands that. I’m thrilled to join a team at the forefront of innovation in estate planning, dedicated to enhancing advisor capabilities and client outcomes via technology.”
Haughton joins a legal team with extensive experience in HNW and UHNW estate planning, led by Chief Legal Officer, Anne Rhodes, who was recently named to WealthManagement.com’s Top Ten to Watch for 2024. The move signals a commitment to developing best-in-class technology that is fortified by best-in-class legal expertise.
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