Investments, taxes, estate planning, philanthropy, risk management and family governance all play integral roles in preserving and growing wealth across generations. And yet, these areas are often approached independently, as though each exists in a vacuum.
These planning pieces must work together, so coordination between your financial advisor, CPA and estate planning attorney is not just beneficial—it’s essential.
In our view, of all the professionals involved in advancing your financial objectives, the onus is on the financial advisor to connect all the dots. Your advisor should take on the role of connector, facilitator and strategist within a broader advisory team, ensuring that all parties—whether tax-focused, legal or investment-oriented—are aligned in service of your long-term financial goals.
This kind of collaboration matters. When professionals work in isolation, even with the best intentions, strategies can conflict. A well-intentioned investment decision might inadvertently trigger a large, unexpected tax bill. A trust might be established in a way that doesn’t reflect the broader financial picture, resulting in complexity or inefficiencies. A charitable gift might also miss out on optimal tax benefits because no one coordinated the timing or structure of the donation. These are not uncommon mistakes, and they’re usually avoidable—with the right team structure in place.
At Newport Capital Group, a core part of our process involves regular strategy meetings with all parties. These meetings are designed to keep everyone informed and aligned while reviewing changes in tax law, family circumstances or market conditions. We also manage the flow of information, so you’re not fielding requests from three different offices for the same paperwork. We centralize and securely share relevant documents and data, helping your team make informed decisions more quickly and with less friction.
When we recommend an investment strategy, for example, we ensure it is discussed with your tax professional. If we know a liquidity event is coming—perhaps from the sale of a business or real estate—we help explore timing, gifting strategies or charitable vehicles well in advance. If your estate plan hasn’t been reviewed in several years or if family dynamics have shifted, we’ll coordinate with your attorney to ensure your documents reflect your current intentions.
Tax planning is another area where proactive coordination makes a measurable difference. Taxes affect everything from your income and capital gains to your estate and charitable giving. That’s why we routinely work with clients’ CPAs to align portfolios with tax strategies. This could mean managing gains and losses more efficiently, taking advantage of tax-loss harvesting opportunities or structuring investments with more tax-efficient vehicles. We also help clients maximize the benefits of charitable giving—particularly through strategies like donating appreciated stock or contributing to donor-advised funds. The tax benefits can be significant, but only when timed and structured appropriately, which is something that requires careful planning and communication between all parties involved.
Estate planning is equally important. Legal documents like wills and trusts are not one-time tasks—they require upkeep and alignment with your financial reality. We often find that clients’ estate plans have not kept pace with their financial lives. Beneficiaries may need updating, trust provisions may no longer reflect family values or tax laws, or asset titling may not be consistent with the estate plan’s intent. These aren’t issues your attorney can address alone, nor should they. We routinely collaborate with estate planning attorneys to review trust structures, suggest updates and ensure that what’s on paper truly matches what you want for your legacy.
In fact, one of our most important contributions is helping clients articulate their values and legacy goals in a way that legal and tax professionals can translate into documents and strategies. For many high-net-worth families, it’s not just about passing down money—it’s about preparing the next generation to manage wealth responsibly and to minimize the friction that can arise from poor planning or a lack of communication. We work closely with families to facilitate these conversations and then help bring attorneys and CPAs into the fold when it’s time to formalize plans.
The benefits of this integrated approach are hard to overstate. When your financial, tax and legal advisors are communicating openly and working together, strategies become clearer, risks are better managed and outcomes improve.
Ultimately, successful wealth management isn’t just about returns. It’s about strategy, coordination and execution across all aspects of your financial life. Bringing together professionals you trust is a key part of the process. If your advisors are not currently communicating or collaborating, consider taking steps to bring them together.
IMPORTANT DISCLOSURES
The information provided here is for general informational purposes only and should not be considered an individualized recommendation or personalized investment advice. In addition, information presented in this presentation is believed to be factual and up to date, but Newport Capital Group, LLC does not guarantee its accuracy and it should not be regarded as a complete analysis of the subjects discussed.
This presentation includes forward-looking statements and opinions, including descriptions of anticipated market changes and expectations of future activity. Forward-looking statements and opinions are inherently uncertain, and actual events or results may differ materially from those reflected in the forward-looking statements. In addition, all expressions of opinion are subject to change without notice in reaction to shifting market conditions. Therefore, undue reliance should not be placed on such forward-looking statements and opinions.
The tax and estate planning information offered by Newport Capital Group is general in nature. It is provided for informational purposes only and should not be construed as legal or tax advice. Always consult an attorney or tax professional regarding your specific legal or tax situation.
Past performance is no guarantee of future performance.