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Konvergent Wealth Partners is in the news!

Read the latest news about Konvergent Wealth Partners and our team members!

Private Wealth Magazine article featuring Homer Smith

What Is Effective Asset Protection Planning?

 “For many affluent and successful individuals who are concerned about losing their wealth in unfounded or frivolous lawsuits, the answer might be asset protection planning. According to Homer Smith, Director of the DK Family Office Practice, Founder of Konvergent Wealth Partners, and co-author of Optimizing the Financial Lives of Clients: Harness the Power of an Accounting Firm’s Elite Wealth Management Practice, “A formal body of law called asset protection planning does not exist. Instead, asset protection planning is a subcategory of legal risk planning, which is a subcategory of risk management. Asset protection planning aims to discourage a possible lawsuit before it begins or to motivate creditors to agree to a favorable settlement.”

October, 17 2022   Read more…

Private Wealth Magazine article featuring Homer Smith

Why Family Enterprises Need Succession Plans

“Succession planning is essential whenever a family wants to effectively pass its family enterprise—whether it is a single-family office or family business—to the next generation. A lack of solid succession planning can easily lead to family conflicts that are consequently aggravated by severe personal and financial complications. The result can be the devastation of the family enterprise and considerable damage to the family itself.”

October 17, 2022   Read more…

Private Wealth Magazine article featuring Homer Smith

Do You Need Life Insurance?

“Just about everyone knows that death and taxes are unavoidable. For these two reasons, you might need life insurance. Like a Swiss Army knife, life insurance can do a lot. There are several reasons you might want to consider purchasing life insurance…”

September, 19 2022   Read more…

Private Wealth Magazine article featuring Homer Smith

For Entrepreneurs, Tax Mitigation Is More Important Than Investment Performance

“Entrepreneurship is the engine of personal wealth creation the world over. In a study of 111 entrepreneurs all 50 years old or younger, with a net worth (including their businesses) of $50 million or more, 87.4% said that the success of their companies is the way they became personally wealthy. Moreover, they are currently intensely focused on growing their companies which will add to their personal wealth.”

August, 22 2022   Read more…

Private Wealth Magazine article featuring Homer Smith

What Is Wealth Planning?

“Wealth planning uses legal strategies and financial products that are readily recognized and generally applicable for most individuals and families. The very wealthy regularly use wealth planning solutions to legally mitigate taxes and protect their assets from unfounded lawsuits. Some of the tools of wealth planning include trusts, partnerships and life insurance.”

August, 15 2022   Read more…

Private Wealth Magazine article featuring Homer Smith

Four Critical Personal Financial Lessons From The Super-Rich

“When it comes to your personal financial life, following in the well-worn path of the super-rich (net worth= US $500 million or more) can likely enable you to significantly increase and protect your wealth. In evaluating the way these hyper-successful individuals think and act to maximize their personal fortunes, it’s clear they are—first and foremost—concentrating on the bigger picture. For them, it’s not about a particular investment or a specific tax strategy. Instead, it’s about how they are as confident as possible knowing that they’re working with the best-of-the-best financial and legal professionals.”

August, 15 2022   Read more…

Private Wealth Magazine article featuring Homer Smith

Democratizing Elite Wealth Management

“High-performing single-family offices are often considered “smart money.” They are entities established and designed to serve the financial and lifestyle need of individual super-rich families (net worth = US $500 million or more). Being able to leverage enormous fortunes and deliver exceptional results for super-rich families is primarily due to the talent engaged by high-performing single-family offices.” 

July, 18 2022   Read more…

Private Wealth Magazine article featuring Homer Smith

Financial Succession Planning For Single-Family Offices And Family Businesses

“Financial succession planning is all about transferring the equity in the single-family office or family business to future generations. Very often, critical to the effectiveness of the financial succession plan is its ability to mitigate taxes on the transfer. Having a financial succession plan is often critical, however, what is also essential is that the financial succession plan delivers as expected”

July, 1 2022   Read more…

Private Wealth Magazine article featuring Homer Smith

Growing An Advisory Practice With The Wealthy During A Bear Market

“A larger percentage of the wealthy—defined as having a net worth of US $10 million or more— are feeling the financial pain of the bear market. From equities to cryptocurrencies, many of them have recently seen their portfolios shrink. One advisor pointed out that his clients were up about 20% last year and are down 20% this year, so they’re even. The only flaw in this logic is that very likely, the clients see themselves as down and are unhappy about it.”

June, 20 2022   Read more…

Private Wealth Magazine article featuring Homer Smith

Why Ultra-Wealthy Families Use Private Trust Companies

“Private trust companies are state-chartered organizations that provide fiduciary services to members of a family. It can only do business with the family, not outsiders. They are a unique option available to wealthy families to help them address key issues and challenges of intergenerational wealth transfer.”

May, 23 2022   Read more…

Private Wealth Magazine article featuring Homer Smith

Bringing The Family Office Framework To Business Owners And Clients Of CPAs

“For more than 20 years, Homer Smith of Konvergent Wealth Partners and the Integrated Family Office has been developing a client service model focused on guiding high-net-worth business owners from growth through the transition of their business and their wealth. He works extensively with accounting firms to help them optimize their financial and personal lives of their clients.”

May, 23 2022   Read more…

Private Wealth Magazine article featuring Homer Smith

Helping The Ultra-Wealthy Establish Family Dynasties

“In a survey of 403 ultra-wealthy family enterprises, about three out of five participants are interested in creating a family dynasty,” says Cliff Oberlin, chairman and CEO of Oberlin Wealth Partners and co-author of Family Fortunes: How Family Enterprises Thrive Across Generations, “By a family dynasty we mean a cohesive economic entity where the perpetuation of family wealth, values, and objectives lasts for five or more generations. To be clear, it’s not only the wealth of the family that has to be maintained or grown over the generations but the values of the family must be maintained.”

May, 16 2022   Read more…

Private Wealth Magazine article featuring Homer Smith

What Many Wealthy Families Get Wrong About ‘Great’ Wealth Managers

“The wealthy—like most everyone else—are looking to work with great advisors who are experts in their field and can deliver outstanding results. In this category of potential great advisors are wealth managers who can help them optimize their financial worlds. The complication is: “What makes a great wealth manager?”

May, 9 2022   Read more…

Private Wealth Magazine article featuring Homer Smith

Why The Ultra-Wealthy Prefer High-Performing Multi-Family Offices

“In a series of research studies over the last five years, the ultra-wealthy—defined as having a net worth of US $30 million or more—strongly prefer working with multi-family offices than other types of advisors including financial planners, wealth managers, and private bankers. This is a worldwide phenomenon. Moreover, the appeal of multi-family offices exponentially increases as the wealth levels arithmetically increase.”

Feb, 14 2022   Read more…

Private Wealth Magazine article featuring Homer Smith

What It Takes To Create A Family Dynasty

“A family dynasty is defined as a cohesive economic entity where the perpetuation of family wealth, values and objectives lasts for five or more generations. About 60% of ultra-wealthy families (net worth = US $30 million or more) find the concept of a family dynasty appealing. “

Jan, 30 2022   Read more…

Private Wealth Magazine article featuring Homer Smith

How To Lower Income Taxes And Build Significant Retirement Wealth

“A mistake many business owners and professionals make is not choosing the right defined benefit plan that best matches their needs and financial goals. Some plans enable putting away hundreds of thousands and potentially millions of dollars. All of which is tax deductible. However, there are multiple options as to which type of plan to utilize to enhance their individuals benefits based on their particular needs.“

Jan, 17 2022   Read more…

Private Wealth Magazine article featuring Homer Smith

The Wealthy Want The Same Advantages Single-Family Offices Can Deliver

“Single-family offices are proving to be the preferred way the super-rich (net worth = US $500 million or more) optimize their financial and personal lives. The power of the family office model has become well recognized by wealthy individuals and families that are far from super-rich.”

Dec, 20 2021   Read more…

Kiplinger Article by Homer Smith

Why 99% of Business Owners are Leaving Money on the Table
From starting your business to running it, growing it and finally setting it up for a successful transition when the time comes, there are a host of challenges to overcome … and only a handful get it all right. Most end up leaving a lot of money on the table, one way or another.

July 11, 2021   Read more…

GlobenNewsWire

Integrated Partners Welcomes Konvergent Wealth Partners; Opens Seattle, WA, and Bend, OR Offices

$200M advisory team, formerly known as Hearthstone Wealth Management, joins Integrated from Ameriprise and is headed by Homer Smith and Dave Stuehling. The firm has chosen Fidelity as their custodian of choice and will be focusing on serving business owners and clients with complex financial planning requirementsRead More…

Financial Advisor News

Melissa Cournyer Brings $90M AUM To Integrated D/B/A Konvergent

Private wealth advisor Melissa Cournyer has joined Integrated Partners d/b/a Konvergent Wealth Partners in Gig Harbor, Wash., the company announced Monday.

BrokerCheck reports that Cournyer was formerly with Bankers Life Advisory Services, Inc. A press release announcing the affiliation reported that she brings a $90 million book of business to her new affiliation with Integrated d/b/a Konvergent, led by Homer Smith.  Read More…

Family Wealth Report

Joining Integrated is a firm led by former advisors at Ameriprise.

Integrated Partners, the US financial planning and advisory group, has brought a $200 million (AuM) Seattle-based business, Konvergent Wealth Partners, under its roof.

Konvergent is led by partners Homer Smith and Dave Stuehling, advisors who had spent most of their careers at Ameriprise. The business was formerly known as Hearthstone Wealth Management. Read More…