Private Wealth
At Baker Tilly, we believe a person's legacy isn't about being around forever, it's about creating something that will.
Private Wealth
Bonnie R. Grey
Principal
Charles J. Inderieden
Principal
Jeanette Musacchio
Principal
Jennifer A. Ward
Principal
Baker Tilly’s private wealth professionals are committed to enhancing and protecting your legacy now, for tomorrow.
We understand that client legacies are complex and need to change or scale over time. At every stage of life and business, our team offers tailored, sophisticated solutions. From planning, advisory and tax to private wealth management services, we can help you overcome any challenge, year after year.
Our private wealth services
Connect with our teamFamily office services
Just as every family is unique, every family office’s needs are unique as well. Baker Tilly works with each family office to understand your goals and suggest solutions to meet and exceed them. Our specialists can help you not only structure but manage your family office with accounting, tax and wealth management services. We can assign a dedicated family office executive that will provide a bespoke experience. Or, we can work with your existing advisors to supplement their efforts with any of our core family office services.
Outsourced accounting
Unique to Baker Tilly is our dedicated client accounting services team for family offices and businesses. From private banking to credit and cash management and financial reporting, our specialists provide an upscale experience aligned with your family objectives.
Individual income tax planning and compliance
Taxes are a certainty, but have you considered proactively optimizing your tax planning and compliance? Doing so can put you, your family members and your business in the best possible position to achieve your goals.
Our tax professionals work with our clients on all forms of individual tax compliance and planning. We cover individual income tax, estate taxes and state income tax as well as international tax. Our international tax specialists help global clients navigate complex residency and non-residency rules, foreign tax credits and more. We also teach clients how to manage private foundations and endowments from a tax perspective.
Trust and estate planning
Protecting your wealth for future generations is key to building your legacy. In addition to traditional estate planning services, we also offer tax analysis for domestic and international wealth transfer. And, we offer planning assistance for several areas, including charitable giving/foundations, special needs and incapacity and asset protection.
Wealth management
We know your life is measured in more than just numbers. That’s why Baker Tilly Wealth Management advisors take the time to get to know you and your financial goals. We want to see the full picture of your life and help you live it to the fullest.
Baker Tilly Wealth Management (BTWM) is our registered investment advisor, providing full-service private wealth management solutions. We offer investment consulting, retirement, concierge and insurance planning services to enhance and protect your personal wealth strategy. And, we have the business management and retirement planning services to propel your business forward, too. BTWM advisors can manage your assets or provide investment advice on assets being managed by you or another advisor.
Family Wealth Insights
Do you have multiple assets managed by several advisors? Are those assets in different locations? Having a centralized view of your financial picture is possible with Baker Tilly’s Family Wealth Insights solution. Leveraging Addepar to aggregate your assets into one portal, Family Wealth Insights allows you to analyze and visualize your portfolio. One view of your wealth will equip you with information to make informed and enhanced decisions for your future.
Family business advisory services
Whether your family business has thrived throughout generations or is just starting out, Baker Tilly is here to help. Our family business advisors are knowledgeable in the unique benefits and challenges family businesses face. Rely on us for succession planning and next generation development, ownership transitions/exit planning, growth strategy, conflict management and M&A assistance.
What you can expect from us
Innovative solutions fueled by curiosity and collaboration
Working across Baker Tilly’s varied service offerings to develop forward-thinking solutions for our high-net-worth clients is second nature for us. Our professionals constantly ask “what if …” and challenge themselves to suggest new solutions using our advanced capabilities and specialized services. Doing so allows us to address problems from new positions to help you protect your legacy.
A customized vision for the short- and long-term
Your legacy is a complex, ambitious quest to make an impact on those closest to you and on the world. We know your goals will shift and scale over time. We will adapt our approach to help you navigate potential pitfalls; you don’t stand still and neither do we. Let’s start now and help you realize your vision for now and in the future.
Relationships built on transparency and humanity
We commit to doing what’s right for you, not because we should, but rather we want to. We don’t avoid tough conversations, but instead embrace opportunities to grow and explore with you as you expand your legacy.
The Great Wealth Transfer is coming. Are you ready?
Baby boomers continue to shift their wealth to younger generations, with trillions of dollars expected to be transferred over the next 25 years (Cerulli Associates). Read our latest thought leadership to navigate opportunities presented by the Great Wealth Transfer.
The ABC’s of making gifts: what clients need to know
This article explores common questions from individuals interested in making gifts, including what qualifies as a "gift" and the key steps involved.
Give it away now? The sunset of the gift and estate tax exemption is around the corner
The sunset of the gift and estate tax exemption is around the corner. What’s at stake for those who can afford to use the higher exemption?
Inflation increases present more opportunities for smart gift giving
Projected inflation increases to the gift and estate tax basic exclusion and the gift tax annual exclusion present opportunities for smart gift giving.
Proposed regulations would “claw back” gift tax exemption for certain gifts
The IRS adopted the "anti-clawback" rule in final regulations published Nov. 26, 2019. Read our article to learn more about the proposed regulations.
For Baker Tilly private wealth, being there now, for tomorrow, means adapting to our private client’s needs. We bring new approaches and new solutions to pave the way for growth and progress.Duncan Campbell, Principal
Latest private wealth insights
The day after: What to do with redemption agreements funded with life insurance after the Supreme Court’s decision in Connelly
The proverbial ground underpinning buy-sell planning shook when the United States Supreme Court issued its decision in Connelly vs. United States.
How SECURE 2.0 employer tax credits benefit small businesses
Read our article for insight into how employer tax credits support small businesses while establishing retirement plans.
Navigating fiduciary responsibility in the era of fee compression: the imperative of due diligence in retirement plan management
Read our article for insight into the evolution of fiduciary duties, the impact of fee compression and the need for due diligence in retirement plan management.
Independent, not-for-profit hospital enhances efficiency and reduces cost through 403(b) plan optimization
Learn how a prominent hospital improved operations while reducing costs by optimizing their 403(b) retirement plan.
IRS targets certain charitable remainder annuity trust transactions
Recent proposed regulations by the IRS target certain transactions involving charitable remainder annuity trusts (CRATs), intending to label them as listed transactions, a type of reportable transaction.
Wealth management vocabulary – investment terms you should know
Confused about wealth management and investment terms? Read our article to understand the industry terms you should know.
Leveraging Addepar for comprehensive oversight of your financial universe
Watch our demo to see how we leverage Addepar to transform how family offices and ultra-high-net-worth clients visualize and interact with their wealth.
Act now and secure your employees’ future with a 401(k) plan
Read our article for insight on why retirement plans are a key element to providing a comprehensive benefits package for your employees.
The Corporate Transparency Act: What you need to know now
Read our article for insight on the Corporate Transparency Act and what entities are subject to reporting requirements.
Required minimum distributions: Frequently asked questions
What is a required minimum distribution as it relates to an Individual Retirement Account? When do I take it? Read our article to learn more.
Important Massachusetts tax relief impacting individuals, estates and businesses
Read our article for a list of key provisions that Massachusetts tax payers will benefit from.
Now is the time for year-end financial planning
Now’s the time for year-end financial planning. Download our checklist to maximize your outcome for 2024 and prepare for 2025.
Making the unexpected, expected
Read our e-book for insight on financial scenario planning as it relates to death, divorce and other life events and why it’s important to start planning now.
Double whammy! Be careful to properly time pre-sale gifts of appreciated stock to charity
The Tax Court recently addressed what can happen when gifts of appreciated stock to charity occur in close proximity to a sale of a company. Read our article to discover more.
It’s a wonderful life … thanks to insurance protection
Read our article for insight on bank failures, what mechanisms are in place to protect investor money and steps investors can take to prevent economic misfortunes.
A family office evolution
Read our article for insight on the progression of how a family office can grow and change over time.
Drawing from history to help lessen inflation’s impact on investors
Read our article for insight on what causes inflation and how it may affect your investment strategy.
The need for governance in family-owned businesses
Read our article for insight on best practices for establishing a decision-making process and governance structure for family-owned businesses.
State income tax planning with ING trusts
Read our article for insight into what an incomplete gift nongrantor trust (ING trust) is, the key features, main tax considerations and more.
Exit planning for your business
Baker Tilly Wealth Management’s Kelly Baumbach joined Mark Imperial’s Business Innovators podcast for an episode focused on exit planning.
Tax extensions: Plenty to know, but nothing to fear
Read our article for insight on what tax extensions are, why people request them and who can benefit from filing for an extension.
Why diversification in your portfolio still matters
Read our article for insight on why it is critical for investors to have a strategy within their portfolio and are diversified in their holdings.
SECURE Act 2.0 provisions for individuals
President Biden signed the 2023 Consolidated Appropriations Act (CAA) into law on Dec. 29, 2022. Read our article for a summary of provisions for individuals.
Executive compensation: equity compensation continuum
Baker Tilly's equity compensation continuum helps companies weigh their options to determine what will work best for retaining top talent.
The basics of estate planning
Download our e-book, “The basics of estate planning” for an easy-to-understand introduction to protecting your assets and ensuring your legacy.
Estimated taxes for individuals: The who, what, where, when and why
Read our article to learn about the basics of estimated taxes and how they work.
Supercharge the sale of your business with a charitable remainder trust
Charitable remainder trusts are one way business owners can achieve not only their charitable giving goals but also their business exit goals as well by reducing their overall tax payment.
Are you prepared to transition your family business?
Are you prepared to transition your business? Baker Tilly’s Value Architect model for exit planning helps families plan for their exit.
Options for funding a buy-sell agreement: the case for life insurance
Do you know what will happen to your business interest in the event of your death? Read our article to learn more about buy-sell agreements.
Boost family wealth with dynasty trusts
Dynasty trusts are designed to minimize taxes over multiple generations. Read our article to learn how they boost family wealth.
Managing your inheritance
Download Baker Tilly’s generational wealth e-book to learn best practices for managing your wealth including tips for saving, investing, taxes and more.
Our professionals
Investment advisory services are offered through Baker Tilly Wealth Management, LLC, a registered investment adviser. Baker Tilly Wealth Management, LLC is controlled by Baker Tilly Advisory Group, LP. Baker Tilly Advisory Group, LP and Baker Tilly US, LLP, trading as Baker Tilly, operate under an alternative practice structure and are members of the global network of Baker Tilly International Ltd., the members of which are separate and independent legal entities. Baker Tilly US, LLP is a licensed CPA firm that provides assurance services to its clients. Baker Tilly Advisory Group, LP and its subsidiary entities provide tax and consulting services to their clients and are not licensed CPA firms. ©2024 Baker Tilly Wealth Management, LLC