Wealth management planning
Wealth planning is a sophisticated approach to integrating all aspects of your financial life.
Consider putting together a 1,000-piece puzzle—without a picture to guide you. That's what it's like with a high net worth and no financial plan or goals. It is this complexity—portfolio management, retirement planning, estate planning, tax planning—that makes wealth planning so crucial.
What is a wealth plan? It’s an in-depth look at your personal and financial life that will:
- Help you identify and prioritize your goals and areas of concern
- Provide you with advice and guidance—as well as clear actions—to help you achieve your goals
- Take into account the whole picture because we work with your attorney, accountant, and other advisors to cover everything
- Free you up to focus on building your business, contributing to your community, and enjoying your lifestyle
Explore our full range of wealth planning solutions
Reaching true and lasting financial contentment with an achievable plan
Making complex finances simple: It's what Fifth Third has done for over 100 years. A successful wealth plan is based on your needs and your aspirations. That's why we take the time to get to know you.
Our Life360 approach begins with a discussion to understand where you currently are and where you want to go. We continue to ask better questions to look for ways to integrate wealth planning, investment management, trust and charitable goal planning into every aspect of your financial plan. Like the name says, Life360 is an ongoing process that is built on your unique goals, aspirations, and objectives.
Because we believe in ongoing collaboration and in the evolving nature of your goals and plans, our technology helps you stay on top of your full financial picture. Whether you need to update and store documents, take a look at your net worth at any point in time, or just leave a letter to your loved ones, our Life360 platform is here with your full life plan in mind.Learn More About Our Life360 Process
Build your nest egg and mitigate risk
No matter where you are in the retirement planning process, we can help you build your retirement nest egg and mitigate risk to help you lead the life you want. Retirement planning strategies for business owners look at ways to make your business more competitive—and help you enjoy your own retirement. Offering a top-quality retirement plan can make your business more competitive and help you attract top talent. Fifth Third offers a variety of strategies to help meet both your personal and business retirement planning needs.Learn More about Retirement Strategies
Plan for your family and your legacy
Developing a family wealth plan can give your loved ones the lifestyle they deserve and support the causes you believe in. When it comes to creating a family wealth plan, we always start with a conversation.
- What are your goals and concerns?
- What causes do you care about?
- Do you have any special needs, such as aging parents or children with disabilities?
Many families work directly with their various financial professionals. Our approach to family wealth planning takes the burden off of you and leaves the coordination up to us.Learn More about Family Wealth
Create a plan for your future
Your future legacy is important to you and it is important to us. Working with you, we can set in place the plan that can help that set that legacy in motion.
Just like your family wealth plan, we always start with a conversation.
- What are the considerations most important to you in your legacy?
- What causes do you want to be considered in your future plans?
- Are there particular considerations for your family or your heirs?
Just like all our planning, our approach is designed to take the burden off of you and leaves the coordination up to us.Learn More about Estate Planning
Strategic plans for your unique situations
Taxes affect almost all parts of your financial life. You may already be using tax-efficient savings vehicles, such as your employer's 401(k) retirement savings plan, IRAs, or annuities. However, you may have other options.
With your Fifth Third Private Bank Advisor, you have access to a fully coordinated approach and a vast range of solutions to create a tax planning strategy. Your advisor will look at your individual tax exposures and situations and create projections and a plan to manage your liabilities. And they will work with your other advisors, including your attorney and accountant, to make sure your financial program is fully coordinated.Learn More about Tax Strategies
Strategies to diversify and protect your portfolio
Make the most of your equity compensation through sophisticated analysis and planning. Let us help.
We can discuss stock option and equity strategies to aid you in protecting your wealth. An equity compensation plan can be an intelligent approach for building wealth. No matter how well you understand stock options, we can help you take into account your tax exposure and make strategic decisions to diversify your holdings. We will keep in mind your threshold for risk and your future goals as we help you determine ways to maximize your options.Learn More about Equity Compensation Strategies
Transition your business for your next life stage
You've worked hard to build your business, and may now be thinking about enjoying a new stage in your life. Fifth Third Private Bank can help you plan for transitioning your business to a new owner or family member and create an exit plan so that you can confidently pass on your business and ensure its success.
Should you sell your business outright, maintain control until a specified trigger event occurs, transfer your interest, or create a family limited partnership? We’ll take you through the pros and cons of each option. If you are passing the business to some, but not all of your children, we can assist you with strategies to create an equitable estate plan. We can also assist you in addressing other concerns, such as the welfare of your employees.Learn More About Business Executive Strategies