WestPac Wealth Partners

1y

WestPac Wealth Partners is thrilled to announce that our Vice President and Financial Advisor, Brennan Drew, has been awarded A 2024 Forbes Top Best-in-State Financial Security Professional for Nevada. This prestigious recognition is a testament to Brennan’s exceptional dedication, experience, and commitment to his clients. Brennan Drew is not just a financial advisor; he is a visionary leader and author who has spent the last decade building a practice centered on creative, holistic, and transparent strategies. His approach to financial advising sets him apart in the industry, and his clients benefit immensely from his innovative methods. One of the few Certified Exit Planners (CExP™) in Nevada, Brennan specializes in helping business owners and physicians across the country monetize the hard work and dedication they put into their careers. His practice is built on the foundation of developing and implementing comprehensive plans that focus on building wealth through tax-aware strategies. Brennan’s experience is valuable no matter what stage of life his clients are in, as he helps them navigate their financial journeys with confidence and clarity. Brennan and his team work tirelessly to serve their clients, which include business owners and physicians. Understanding the unique challenges and opportunities these professionals face, he provides tailored solutions that help his clients achieve their financial goals and protect their futures.

WestPac Wealth Partners

1y

We are thrilled to announce that Alex Jakovljevic, a highly esteemed member of our WestPac® team, has achieved a distinguished honor by earning the #6 spot in Forbes' Best-in-State Top Financial Security Professionals for Southern California. Additionally, Alex has been named a finalist in Forbes' Top 100 Financial Security Professionals nationwide. These prestigious recognitions, assessed by SHOOK® Research, underscore Alex's extensive experience and exceptional dedication in the financial services industry. Please join us in congratulating Alex on these outstanding achievements!

WestPac Wealth Partners

1y

Caring for elderly or disabled family members is often a labor of love, but it can also be financially and emotionally challenging. These 11 tips can help you manage the financial aspects of caregiving and maintain stability: Discuss Finances Early: Have financial discussions with your loved one before it's too late. Understand their savings, income, investments, insurance policies, and preferences for living arrangements. Review Estate Planning Documents: Ensure wills, powers of attorney, living wills, and health care proxies are up to date. Organize Financial Documents: Keep all important documents such as wills, bank statements, and insurance policies in a secure and accessible place. Understand Their Preferences: Talk with your loved one about their care preferences, whether it's living at home or in an assisted living facility. Seek Professional Advice: Consult financial and legal professionals for guidance on managing your loved one's finances. Look Into Public Benefits: Explore public benefits like Medicare, Medicaid, and veteran benefits that may be available to your loved one. Monitor Finances: Start overseeing your loved one's finances as soon as you notice any signs of confusion or struggle. Protect Against Scams: Educate your loved one about common scams and how to avoid them. Consider Your Impact: Understand how caregiving might affect your personal, professional, and financial life. Communicate with your family about potential costs and plans.

WestPac Wealth Partners

2y

WestPac® Wealth Partners is proud to be Certified™ by Great Place To Work® for the 6th year in a row. This prestigious recognition is based solely on feedback from our current associates about their work experience at WestPac. This year, 99% of our associates and staff reported that WestPac is a great place to work, significantly higher than the 57% average for typical U.S.-based companies. Our company culture is not just a priority; it is the cornerstone of everything we do. We believe that fostering a positive and supportive work environment leads to exceptional performance and fulfillment for all our people. As the CEO of WestPac, I couldn’t be prouder of our talented and committed team. This achievement is a testament to their hard work, enthusiasm, and dedication. Together, we continue to build a workplace where everyone feels valued and inspired to grow.

WestPac Wealth Partners

2y

What should you do if a plan you made isn't working out? Let's look at how Exit Planning can position business owners to successfully adjust to changing conditions. Adjusting Over Abandoning: Over the past few years, many business owners have learned that even their best plans can quickly go awry. This can lead to a temptation to abandon planning. However, there could be a better way. A major benefit of Exit Planning lies within its flexibility. This flexibility derives from a strict adherence to achieving an important goal: financial security for the business owner. This goal is the foundation on which you’ll pursue your other goals, such as when you leave your business, to whom you sell your business, and what you'd like to pursue after you no longer own the business. To do this successfully, the Exit Planning Process must be flexible. While achieving financial security is complex, the fact that every planning element moves toward achieving this goal regardless of the circumstances, injects simplicity and focus into the planning process. This can make it less devastating when something doesn't go precisely as planned, because there are multiple ways for business owners to achieve financial security rather than just one. Diversifying Strategies: Almost every financial advisor and risk management expert will tell you that diversifying is a cornerstone of success. In Exit Planning, your Advisor Team will likely consist of a diverse array of professionals.

WestPac Wealth Partners

2y

If something unexpected were to happen to you tomorrow, would your loved ones know how to access your important records? Would they know which accounts you hold and where your money is? What about insurance policies and real estate ownership papers? You might have a system that works for you, but imagine the challenges your loved ones would face if you weren’t there to guide them. This is why organizing your files is a crucial aspect of legacy planning, ensuring those closest to you can easily find what they need. 1. Create Space Start by designating a specific place for all your important papers. While a shoebox technically qualifies, a proper filing system is much more effective. Invest in file folders and dedicate a drawer or filing cabinet to store everything. If you prefer digital records, establish a similar system on your computer. Make sure your loved ones know how to access your computer and have the necessary passwords for your key accounts. 2. Gather Documents Collect all your scattered documents and bring them together in one place. 3. Set up Files Label each file folder according to a category of documents. Examples include: Unpaid Bills Credit Card Statements Receipts for Items Purchased XYZ Bank Account Statements ABC Brokerage Account Statements IRA Statements Life Insurance Policies House Records Health Records Automobile Records Tax Returns Create as many categories as you need and add subcategories if necessary.

WestPac Wealth Partners

2y

When you started your business, you might have done a lot of the heavy lifting alone. It’s something to be proud of. As businesses grow, they tend to become more complex. Many business owners one day realize that, try as they might, they simply cannot do everything all by themselves. Yet, there’s also a fire that might try to tell you, “I’ve done everything before, I can do everything again.” Today, we’ll present some of the benefits of letting others help you compared to some of the pitfalls of trying to do everything yourself. 1. The Snowball Effect At the beginning (and perhaps even now), your business revolved around you. When something important needs to happen, people come to you. It’s similar to making a snowball on flat ground by having people gather snow from somewhere else and bring it to a fixed location. But when the business grows, it climbs the mountain. And as any good mountaineer will tell you, having a team makes it easier to reach the peak. Likewise, once you start climbing the mountain, it’s much easier to grow the snowball by rolling it down the mountain than by having people gather snow and bring it to one specific spot. Planning for a successful future is similar. As you ascend to the peaks of success, you’ll likely find that it’s a smoother trip with a team of spotters and support. You still lead the charge, but you allow others to help you find the best path forward.

WestPac Wealth Partners

2y

WestPac Wealth Partners has been proudly selected as the #1 medium-sized company in Hawaii's Best Workplaces by Pacific Business News! This prestigious recognition highlights our commitment to excellence and our dedication to creating an outstanding work environment. We are humbled to be recognized as a leading employer in Hawaii, a true reflection of the hard work and dedication of our incredible team. As we celebrate this significant achievement, it’s important to recognize that this milestone is just one step in our ongoing journey. Our mission is to continuously grow and adapt, ensuring that WestPac remains a pillar of support and a source of inspiration to our associates and clients. We believe that our success is deeply rooted in our people, and we are committed to investing in their growth and well-being. At WestPac, we prioritize Life-Work Integration®, understanding that a healthy balance between personal and professional life is crucial for overall happiness and productivity. Our dedication to fostering a healthy Life-Work Integration® remains steadfast. We are excited about the future and are committed to maintaining our position as a leading workplace, continually striving for excellence in all that we do. Thank you to Pacific Business News for this incredible honor and thank you to our amazing team and clients for your ongoing support. Together, we will continue to reach new heights and set the standard for workplace excellence in Hawaii.

WestPac Wealth Partners

2y

Entering retirement marks a brand-new chapter in life. By strategically prioritizing and working closely with your financial advisor, you can create a comprehensive retirement plan that exceeds your expectations. When contemplating retirement, many envision bidding farewell to a tiresome job, escaping the hustle and bustle of work life, and leaving behind the pressures of employment. It is often seen as a well-deserved reward for years of dedication to the workforce and prudent financial planning. However, retirement transcends mere job departure and relaxation. Retirees are embarking on one of life's most exhilarating and demanding chapters. While the possibilities are boundless, achieving a fulfilling retirement requires navigating obstacles. Factors such as adapting to a reduced income, establishing a health and wellness regimen, and assessing interpersonal relationships are crucial considerations. Equally important is managing personal time, deciding on living arrangements, and acknowledging shifts in social roles. In the initial days, weeks, or even months post-retirement, individuals often revel in a euphoric honeymoon phase. The absence of a boss, job responsibilities, and worries creates a liberating sense of freedom, allowing ample time for leisurely pursuits. Yet, as this honeymoon period fades, many retirees find themselves grappling with a sense of disillusionment. Retirement loses its allure as the weight of unstructured time begins to burden them. Questions?

WestPac Wealth Partners

2y

WestPac Wealth Partners has been proudly selected as the #1 medium-sized company in Hawaii's Best Workplaces by Pacific Business News! This prestigious recognition highlights our commitment to excellence and our dedication to creating an outstanding work environment. We are humbled to be recognized as a leading employer in Hawaii, a true reflection of the hard work and dedication of our incredible team. As we celebrate this significant achievement, it’s important to recognize that this milestone is just one step in our ongoing journey. Our mission is to continuously grow and adapt, ensuring that WestPac remains a pillar of support and a source of inspiration to our associates and clients. We believe that our success is deeply rooted in our people, and we are committed to investing in their growth and well-being. At WestPac, we prioritize Life-Work Integration®, understanding that a healthy balance between personal and professional life is crucial for overall happiness and productivity. Our dedication to fostering a healthy Life-Work Integration® remains steadfast. We are excited about the future and are committed to maintaining our position as a leading workplace, continually striving for excellence in all that we do. Thank you to Pacific Business News for this incredible honor and thank you to our amazing team and clients for your ongoing support. Together, we will continue to reach new heights and set the standard for workplace excellence in Hawaii.