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Financial Wellness: Beyond Investment Management

Tight Ship



As we begin 2025 and observe Financial Wellness Month, it's crucial to recognize that true financial wellbeing extends far beyond portfolio management. For high-net-worth individuals and families, the complexity of daily financial management and healthcare decisions can be overwhelming, even with excellent wealth management partners in place.


At Tight Ship Advisors, we've observed that even the most sophisticated investors can struggle with the intricate details of Medicare enrollment, insurance optimization, or simply the day-to-day financial operations of personal finance. Our relationships with premier wealth management firms like William Blair and Merrill Lynch have revealed a critical gap in comprehensive financial wellness – one that requires specialized expertise in lifestyle management combined with deep knowledge of complex estates.


The Medicare Challenge Consider

Medicare planning: the choices between Original Medicare, Medicare Advantage, and various supplemental plans can significantly impact both healthcare access and financial outcomes. It doesn't matter what your net worth may be - the cost of healthcare in today's age creates an impact that can't be ignored. According to recent data from CMS, the average annual cost of healthcare for someone aged 65 and older is around $22,356 per person, with a healthy couple between 65 and 74 typically spending around $13,000 per year on healthcare. Money that could be put to work someplace else.


Our team of Certified Senior Advisors® can address these issues ensuring the healthcare coverage of their client aligns with their specific care needs and financial strategy. This specialized support complements the invaluable work of financial advisors, creating a more complete picture of financial wellness.


Daily Money Management in Complex Estates

Beyond healthcare, daily financial operations in complex estates require meticulous attention. From managing multiple properties to coordinating with domestic staff, these tasks demand both expertise and discretion. Our personalized approach ensures that every aspect of our clients' financial lives receives the same level of care as their investment portfolios.


Key areas where Tight Ship's comprehensive support makes a difference:

  • Healthcare finance optimization - Are you in the right plan and are claims being processed appropriately?

  • Bill pay and vendor management - staying on top of monthly cash flow is essential to financial wellness at any stage. Tight Ship Advisors creates efficiency & safety to household & personal finance.

  • Insurance portfolio review and coordination - from cars, to homes to long term care. Are you completely covered and up to date?

  • Lifestyle support services - A personal assistant that knows you & your needs.

  • Estate management and organization - We flex with every stage of life and your needs, ready to assist at every stage with any task - great or small.

  • Coordination with wealth management teams, CPA, legal..... From coordinating communications & paperwork between client & professionals - Tight Ship creates efficient & effective pathways to secure all vital activities


The Trusted Partner Advantage

What sets Tight Ship Advisors apart is our ability to seamlessly integrate with existing wealth management relationships while providing specialized expertise in areas that traditional financial services typically don't address. Our understanding of complex estates and lifestyles allows us to provide uniquely personalized service that enhances rather than duplicates the valuable work of wealth managers.


As we embrace Financial Wellness Month, it's worth considering how comprehensive support in daily money management and healthcare finance can contribute to overall financial health. The right partner can transform these challenging aspects of financial life into well-managed components of a broader wealth strategy.

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