Meet the Founders
Why Second 50?
Our mission is to provide uniquely tailored financial solutions for high-net-worth individuals and families with a high focus on income planning, tax mitigation and wealth preservation.
We (Kathleen Adams and David Swift, Co-Founders) left one of the nation’s largest Registered Investment Advisory firms to launch Second 50 Financial. We predominantly cater to those who are approaching or in their second 50 years of life and are often faced with making very big, important decisions. They have recognized the need for strategic financial management to ensure the longevity and efficiency of their hard-earned wealth.
At Second 50 Financial, we operate on a simple philosophy: We must understand what is most important to you and gain complete clarity around your current as well as future financial picture to enable superior wealth management. Through our objective financial planning service, we clarify together the most important goals for these investments thus arming our clients with the critical insights they need about their financial future.
Our investment management approach is distinct and sets us apart in the industry. We move beyond the traditional, static model of stock-and-bond-only portfolios. Instead, we embrace dynamic investment strategies, tailoring financial solutions that have consistently proven beneficial for our clients. Understanding that many of our clients prioritize the security of their investments over high-risk alternatives, we strategically include real estate and other private investments in our portfolios. These additions not only offer potential for enhanced tax efficiency and reduced volatility, but they also provide opportunities for additional risk-adjusted returns. Our portfolio design is meticulously crafted to yield consistent income and returns, with a primary focus on wealth preservation and stable income generation.
Alongside guiding investments, we also advise on intricate real estate decisions. Many of our clients grapple with complex real estate scenarios, such as when they own properties that have seen significant appreciation and yield substantial income. These situations demand sharp analytical insights. Furthermore, we have a wealth of experience in guiding decisions on strategic solutions such as 1031 exchanges, charitable income trusts, and more.
Ultimately, Second 50 Financial is not just about wealth management, it’s about using our expertise, experience and network to ensure that we help you attain what you truly want for you and your family during this next chapter of life. The time when the wealth you’ve built needs to create a secure, robust financial future.
We offer tailored solutions for our clientele who are approaching or in their Second 50 years of life.
There are significant changes occurring during this time, requiring different, focused strategies.
How We Work Together
Tailored Solutions
ASK US ANYTHING
At Second 50 Financial, we begin our process with an "Ask Us Anything" initial consultation. This meeting is designed for us to get to know each other and to see if our services are aligned with your financial goals and needs. During this consultation, you can ask any questions about our services, our approach, and certainly discuss any pressing concerns or goals. It's a transparent and confidential discussion aimed at learning more about each other.
SECOND 50 READINESS MEETING
The next step will be a Second 50 Readiness Meeting, where we use advanced software to begin an assessment of your financial situation. This meeting is designed to provide clarity on your financial picture from an asset and financial security standpoint to see if our services are a good fit. The visual assessment is the first step in establishing a foundational framework for your financial future. This meeting is complimentary with no obligation to engage; we strictly adhere to our confidentiality and privacy policies.
2 Options for Collaboration
COMPREHENSIVE FLAT FEE
LIFESTYLE PRESERVATION PLANNING
We call it the Lifestyle Preservation Plan because it is specifically designed to help you maintain and protect your current lifestyle as you transition through different stages of your financial journey.
Offered for a flat fee, with no required asset management, Lifestyle Preservation Planning involves a comprehensive review of your financial needs, goals and dreams. Plans are customized as needed to include elements such as strategic distribution plans, liquidity management, gifting and charitable strategies, tax mitigation, asset protection, and more. In coordination with other trusted professionals we help you make informed decisions that you don't want to make alone. This engagement typically lasts 6-12 weeks.
Upon completing your financial plan and receiving our recommendations, you will have the option to engage with us for our investment management services, which include ongoing planning and support or implement independently from us.
WEALTH MANAGEMENT WITH ONGOING FINANCIAL PLANNING
Our ongoing planning and wealth management services are integral to our clients' financial success. Included in our wealth management fee, this phase represents an evolving journey that requires consistent updates and monitoring. We adapt to changes in our clients' personal and financial circumstances, as well as shifts in the market and broader investment landscape.
Consistent meetings are a key aspect of this ongoing process, with the frequency and timing tailored to each client's needs and significant life events. This includes aspects of wealth preservation planning, ensuring not just the growth but also the protection of our clients' assets. Our strategies go beyond conventional approaches, incorporating innovative techniques and tools to safeguard and enhance our clients' wealth.
Collaboration with our clients' other professional advisors remains a high priority. By working closely with tax advisors, legal advisors, real estate professionals, and insurance experts, etc. we ensure that your financial strategies are first class and completely aligned with the goals uncovered in your plan.
Minimums apply.
Our comprehensive approach ensures that our strategies are not only focused on asset management but are also seamlessly integrated with our clients' overarching financial goals, thereby fostering more effective and personalized financial planning.
We utilize cutting-edge technology to enhance our client services, including a sophisticated software called Income Lab. This interactive tool allows us to map out our clients' financial pictures comprehensively. By integrating various financial data points, Income Lab provides a clear and dynamic visualization of our clients' current and future financial situations.
Our Advanced Investment Framework
Built upon sourcing and partnering with best-in-class investment firms to deliver world-class investment management tailored to our clients' comprehensive financial needs.
OUR FRAMEWORK IS BASED ON 4 ESSENTIAL PILLARS
SUPERIOR RISK-ADJUSTED RETURNS
Achieving optimal performance while effectively managing risk.
TAX EFFICIENCY
Strategically managing investments to minimize tax liabilities.
PROVEN VALUE FEES
Ensuring that fees are justified and earned based on the proven value delivered to our clients.
CONSISTENT HIGH QUALITY INCOME
Providing reliable and substantial income streams.
Stocks
While our allocation to stocks may be lower due to our belief in alternatives, we believe this allows us to take larger, concentrated, and convicted positions through our 12-stock strategy, executed in partnership with Kingsview Investment Management and CIO Scott Martin. Without greater conviction, owning indexes makes sense, as they offer broad market exposure and reduce individual stock risk. However, our approach aims to provide greater opportunities for outperforming the indexes and allows for greater flexibility in sector exposure, enabling us to be both offensive and defensive. Our proprietary approach includes strategic tax harvesting, rebalancing, gifting, and other customized solutions. (Find our strategies most recent fact sheets below)
Bonds
Liquidity is essential for people in their second 50 to fund their lifestyle, but optimizing returns while reducing volatility is equally important. This balanced approach allows for a long-term strategy in our equities and private alternatives.
We execute customized individual bond portfolios for our clients through our unique institutional partnership with Northern Capital, a multi-billion dollar fixed income firm based in Chicago. Individual bonds offer the distinct advantages of clear returns and reduced interest rate risk, which is more crucial now than ever.
Alternatives
What truly sets us apart is our commitment and belief in private alternative investments across private equity, credit, and real estate. Each category offers unique characteristics, from growth and tax efficiency to consistent, high-quality income, which, in our opinion, cannot be matched by public markets.
Highlighted Private Equity Deals and Opportunities
Private Credit, Private Equity & Real Estate Investment Managers examples
Who do you work with?
Many of our clients resonate with one or more of the following financial aspirations.
Aspiration for Work Optionality
Envision a future where work is a choice? Many share the apprehension of what happens when regular income ceases. We collaborate with individuals and families who aim to leverage their wealth, ensuring they're prepared for such transitions. Together, we focus on creating a financial foundation that offers both freedom and security."
A Focus on Income Generation
Transitioning from traditional employment/a business sale and income or already harnessing your assets for income? Everyone desires the assurance they won't outlive their wealth. Our approach seamlessly blends growth, income stability, and preservation, especially vital given life's unpredictable timeline. Collaborate with us to design a strategy that ensures your financial longevity and peace of mind.
A Complex Financial Landscape
Juggling a diverse array of investments and real estate? Our clients often navigate intricate portfolios, where the interplay of assets, tax implications, and estate strategies is paramount. Especially when it comes to the crucial transfer of wealth. Rely on our expertise to guide you through these complexities, ensuring a seamless and optimized wealth transition.
What distinguishes a niche RIA from larger RIAs?
What distinguishes a niche RIA from larger RIAs? Having previously thrived at one of the nation’s most prominent RIAs, we took the pivotal step to establish our niche RIA, Second 50 Financial. This decision was rooted in our desire for greater autonomy over our firm’s trajectory and the tailored solutions we offer our clientele who are approaching or in their Second 50 years of life. There are significant changes occurring during this time requiring different, focused strategies.
We’re confident that this shift brings unparalleled benefits to our clients. It enables us to continually expand and update our financial planning and investment offerings, tailoring our services to this stage in life in an ever changing world.. Additionally, our strategic alliances with renowned, multi-billion dollar firms like Northern Capital and Day Hagan who share our vision for managing wealth for the second 50 years, provide essential investment expertise.
Today, we shape financial strategies for high net worth individuals and families, often involving noteworthy real estate holdings. We have efficiently harnessed economies of scale to ensure you receive top-tier service. This is delivered without the bureaucratic intricacies often found in larger establishments. Our lack of a broker-dealer affiliation underscores our commitment to unbiased advice, cementing our position as fiduciaries.
Our client base is cultivated purely through referrals; we refrain from partnering with custodians. This approach maintains our client roster at a sustainable level, ensuring each receives an elite, “Four Seasons” caliber of service marked by consistent communication and ready availability.
While we’re ambitious about growth, it’s paramount that it’s the right kind. At the core of every decision, you’ll find the guiding hands of Kathleen and David.
Making a Difference
At Second 50 Financial, our unwavering commitment is to empower the future by making a dedicated, direct contribution to people whose lives have been severely impacted by a devastating event. To this end, we are currently donating 10% of all financial planning fees to causes important to us.
Contact Us
WORK WITH US TO ACHIEVE FINANCIAL PEACE OF MIND.
To schedule a complimentary "Ask Us Anything" session,
contact us at: info@second50financial.com
SECOND 50 FINANCIAL
111 N. Sepulveda Boulevard Suite 300 Manhattan Beach, CA 90266
© 2023 Second 50 Financial. All Rights Reserved. Privacy Policy Form CRS ADV Part 2A
Second 50 Financial, LLC is an investment advisor registered with the United States Securities and Exchange Commission. This website and the information contained herein is neither a solicitation nor an offer to sell investment advisory services except in jurisdiction(s) where we are appropriately registered, excluded, or exempt from registration. You are encouraged to review a copy of our Form ADV Part 2A Firm Brochure and our Form ADV Part 3 Client Relationship Summary for more information regarding our firm and our advisory services. Copies of these documents are available free of charge at https://adviserinfo.sec.gov. Our Client Relationship Summary is also available here. We enter into an advisor-client relationship with our clients only after they have executed a written investment advisory agreement with our firm and have been provided with a copy of our Firm Brochure, Client Relationship Summary, and privacy policy.
This website and the information contained herein is for informational purposes only. All information, statements, and opinions contained herein regarding the securities markets or other financial matters is obtained from sources which we believe to be reliable and accurate. However, we do not warrant or guarantee the timeliness, completeness, or accuracy of any information presented herein. Past performance is not indicative of future results. Investing in securities involves the risk of loss, including the risk of loss of principal, that clients should be prepared to bear. The information in this document is not intended as personalized investment, tax, or legal advice and we do not provide any tax or legal advice to clients. You should consult with your independent investment, legal and/or tax professionals with respect to your individual financial situation and investment needs before considering any investment.