Wealth.com Launches New Family Office Suite™, Strengthens Legal Team With Addition of David Haughton, JD, CPWA®
June 21 2024 - 9:08AM
Business Wire
New estate planning offering focuses on driving
productivity and efficiency for advisors and wealth strategists
serving high-net-worth and ultra-high-net-worth clients
Wealth.com, the industry’s leading estate planning
platform, today unveils its latest innovation: Family Office
Suite™, a cutting-edge collection of estate management
technologies designed for highly complex estates. The Family Office
Suite is specifically tailored to the needs of firms that service
high-net-worth (HNW) and ultra-high-net-worth (UHNW) individuals
and families, enabling their advisors and in-house wealth
strategists to deliver incredible estate planning value to clients,
while reducing manual work through automation and processes that
are both scalable and repeatable.
With Family Office Suite, advisors gain the ability to:
- Visualize the complex. With new features, including
Heritage Map, Legacy Navigator, EstateFlow and Irrevocable Trust
One-Pagers, advisors will be able to demystify and bring to life
estate planning nuances like sub-trust distribution schemes,
federal and state estate tax implications, Generation-Skipping
Transfer Tax (GST) exempt and non-exempt trust breakdowns,
administrative costs and more.
- Quantify tax alpha. Estate tax calculators and scenario
analysis capabilities give advisors the ability to quantify tax
implications and identify tax optimization opportunities.
- Organize and collaborate. Advisors can simplify data
collection by leveraging the wealth.com Vault and
Ester™ AI to instantly extract and centrally store
all key information from estate planning documents. Collaboration
is further enhanced between advisors, in-house specialists and
important intermediaries through in-app tooling and direct API
integrations with leading CRM and Portfolio Management
systems.
- Deliver refined reports. Financial advisors can create
the ultimate client deliverable, in seconds, using the Report
Builder. Wealth.com does the heavy lifting by transforming all
underlying client data into ready-made visuals and slides. All
reports can be firm-branded, complete with custom colors, fonts and
logos.
“As we advance our product roadmap, particularly for advisors
serving high-net-worth and ultra-high-net-worth clients, we are
committed to transforming all aspects of the estate planning
service model to be a more efficient and effective process,” said
Danny Lohrfink, chief product officer and co-founder of
wealth.com. “The Family Office Suite not only elevates the
client experience but also unlocks greater productivity for
advisors—what used to take weeks now takes mere minutes. ”
As wealth.com strives to revolutionize the estate planning
experience for advisors and their clients, it is continually
developing creative solutions that are underpinned by legal
excellence and rigor. In support of these efforts, the company has
appointed David Haughton, JD, CPWA®, as senior
corporate counsel. Drawing from his experience as team lead of
Advanced Planning at Commonwealth Financial Network
(“Commonwealth”), in addition to his legal acumen, Haughton will
aid in developing sophisticated yet intuitive products.
Collaborating closely with the broader wealth.com team, he will
work to ensure that all offerings are of the quality and caliber
that advisors expect.
During Haughton’s tenure at Commonwealth, he was responsible for
providing estate, trust, charitable, education, business and social
security planning support to the firm's affiliated advisors. Prior
to Commonwealth, he was an attorney in private practice. He earned
his JD at the Massachusetts School of Law and is admitted to the
Massachusetts and New Hampshire bars, as well as the U.S. District
Court, District of Massachusetts and the U.S. District Court,
District of New Hampshire.
“Over the course of my career, it’s become clear to me that
advisors can add significant value for their clients throughout the
estate planning process,” said Haughton. “Helping clients
establish enduring legacies is a profound responsibility, and
wealth.com clearly understands that. I’m thrilled to join a team at
the forefront of innovation in estate planning, dedicated to
enhancing advisor capabilities and client outcomes via
technology.”
Haughton joins a legal team with extensive experience in HNW and
UHNW estate planning, led by Chief Legal Officer, Anne
Rhodes, who was recently named to WealthManagement.com’s Top
Ten to Watch for 2024. The move signals a commitment to
developing best-in-class technology that is fortified by
best-in-class legal expertise.
About wealth.com
Founded in 2021, wealth.com is the industry’s leading estate
planning platform, empowering 400+ wealth management firms,
including independent RIAs, aggregators, broker-dealers, custodians
and wirehouses to offer modern, comprehensive and sophisticated
estate planning solutions to their clients. As the only tech-led,
end-to-end estate planning platform built specifically for
financial advisors, it facilitates high quality document creation,
visualization for complex estates, AI extraction capabilities and
elegant reports. Wealth.com was ranked by advisors as the number
one estate planning platform in the 2024 T3/Inside Information
Advisor Software Survey and was also recognized as the sole digital
estate planning platform finalist in the 2023 Wealth Management
Industry Awards.
Built and maintained by leading estate attorneys, wealth.com has
built a comprehensive ecosystem to elevate the estate planning
process across all 51 jurisdictions. It’s on a mission to disrupt,
innovate and revolutionize estate planning by offering an intuitive
and comprehensive platform for advisors, demystifying an often
complex and daunting process.
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