When it comes to managing wealth, financially successful people have varying needs and concerns. Wade McMinn provides complex, customized financial planning for his clients. From estate and retirement planning to charitable giving and legacy planning, McMinn says that designing strategies with the goal of protecting wealth is a specialized niche for him. McMinn is a founding partner of Capital Wealth Advisors, LLC, an independent financial services firm.

“For our particular market and for most of our clients, we take a more conservative approach,” McMinn said. “Our clients all have made their money in different ways, and their situations are all different. But what it really comes down to is, our clients have three basic rules.”

Those rules, he added, are clients want good and consistent returns, to manage their tax liability and – above all – not to lose their money. Most of McMinn’s clients accumulated their wealth through entrepreneurial endeavors, so after working hard to acquire it, they have high expectations of those managing it.

“None of us have the ability to control the returns in the market, but we do have the ability to control how much risk someone is exposed to,” McMinn explained.

McMinn caters to a select group of clients, all of whom have goals that align with the planning process he uses. As business owners, CEO’s and company Presidents, clients typically have the “ability to see everything at a high level – but then quickly focus in on one or two things, make decisions and move on,” McMinn said. He added there are two common traits of his clients who’ve created their success. They are able to make swift decisions, and they often seek advice from professionals.

“There is no cap on the amount of money we can manage,” McMinn said, “The cap we set is on how many relationships we can effectively manage.”

He adds that building strong, credible connections are a must for his clients, who expect to have long-lasting friendly, yet professional relationships. Often the time McMinn spends with clients outside the office results in more intimate understanding of clients’ personal situations and needs. These relationships include providing a level of personalized service not available from today’s robo-advisor tech options. “Although,” McMinn added, “technology definitely has its place, for example helping track the varying needs, like retirement and income planning, tax projections and cash disbursement preferences.”

Even though he primarily serves high net worth clients, McMinn prefers a fee-based model. “It’s more along the lines of paying us for what we do, not for the amount of money you have,” he said, adding that he knows his clients hold him to very high performance standards.

For more information visit: www.capitalwealthadvisor.com

Securities offered through Registered Representatives of Cambridge Investment Research Advisors, Inc., a Broker/Dealer, Member FINRA/SIPC. Advisory services offered through Cambridge Investment Research Advisors, Inc., a Registered Investment Advisor. Capital Wealth Advisors, LLC and Cambridge are not affiliated.