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Post-Divorce Wives, Widows and Wealth Management

(As reported in Huffington Post on May 23, 2013)
By: Mark Van Mourick

According to the Wall Street Journal, over the next 20 years, approximately $25 trillion will be passed to women through divorce, death of spouse or inheritance. Currently, women make up just under half of the nation’s millionaires. If their earning potential continues to grow on track, they will account for up to two thirds of the nation’s wealth by 2030.

Over the years, I have assisted a number of women from ages 30 to 80 with unique problems and issues arising from the death or divorce of their wealthy husbands. Oftentimes, these women are not actively involved in either the day-to-day management of their household money or the management of their investments. While they may have considerable assets to meet their financial requirements, they’re starting from a handicapped point of view, both from an educational standpoint as well as an emotional one. This “mental freeze” often leads to either cash hoarding (as opposed to investing) or being manipulated by a commissioned salesman.

If you are a recent widow or divorcee reading this, I truly empathize with you. Besides managing your grief, you are trying to deal with monumental changes in your life and are facing a growing list of perpetually unfamiliar monetary choices. Let me offer a few quick suggestions: READ MORE BELOW

Family Lesson Inspires Unique Model for Corporate Giving; Changing the Lives and Hearts of Employees and Charities Around the World

Unlike most financial advisors, Mark Van Mourick did not earn his stripes on the back of a client’s portfolio. He lost both parents in a plane crash at the age of 12 and bounced around several foster homes,

When is a 50/50 divorce settlement not really equal?

In many divorces, former spouses split their combined assets down the middle. But because of market trends, taxes and other factors, the ex-wife often ends up with the short end of the stick.

“Conscientious divorce attorneys want equitable outcomes for their clients,” says Sven Buncher, Managing Partner of The Buncher Law Corporation. “And achieving that often requires a more in depth analysis of the divorcing couple’s assets.”

(As reported in WSJ.com on February 27, 2014) By Kevin Noblet:

“It’s all too common a situation: A client has beloved possessions that he or she thinks the children will treasure someday, too. But have they ever been asked if they really want the house, antique furniture or whatever it is dad or mom held so dear? No, they haven’t. California wealth manager Mark Van Mourick relates just such a case to Wealth Adviser at WSJ.com. The client had $250,000 in Asian art she and her late husband spent 50 years collecting. She didn’t want it sold off after she died but, when asked at the adviser’s suggestion, the kids said they were likely to do just that. Mr. Van Mourick helped with an estate plan which took that reality into consideration.” READ FULL ARTICLE HERE

(As reported in Entreprenuer.com on July 16, 2013)

What’s your number?

It seems that we all have a number in mind, whether realistic or not, that if we get there, our financial future would be secure and we could retire without worry. For many this “number” keeps growing and forever seems out of reach. For some this number is “a little bit more,” even though they have long passed their requirements for a comfortable retirement.

After more than 30 years of working with investors and retirees, I have perfected a formula that works for families looking into the future. As you approach retirement and you are taking care of only you and a spouse (children raised and parents are not a financial burden) then the following formula is a realistic target:

DANA POINT, CA– (Marketwired – Jul 10, 2013) – Optivest Properties, a property acquisition and management company specializing in mini-storage warehouse and an affiliate of Optivest, announced today that they have joined Northwest Self Storage of Ore. and SecurCare Self Storage of Lone Tree, Colo. to form National Storage Affiliates (NSA), the first affiliate-owned and operated self-storage REIT (real estate investment trust).

NSA now has more than $800 million in committed asset value and is owned by its affiliate operators, who will contribute the ownership of their self-storage assets to NSA over the next few years, as current mortgage debt matures. The formation of NSA, a Maryland real estate investment trust, will make it the largest privately-owned company in the self-storage sector, with approximately 220 facilities, 100,000 storage units and 12.5 million rentable square feet of space located in 15 states.  READ MORE: Marketwired

(As reported in the North Dallas Gazette on May 8, 2013)
By: Mark Van Mourick

When selling a business, owners time their exits for many reasons: health, retirement planning, availability or lack of family successors, competition, technology change and many more. Yet overwhelmingly the question most often asked of financial advisors by entrepreneurial companies is “what’s my business worth?”

Mark Van Mourick, CEO and president of Optivest, Inc., provides five tips to help enhance the value of a business: 

Pairing Elite Investment Research With Personalized “Family Office” Services For OC’s Wealthiest Families

By: Betsy Sanz
Newport Mesa Magazine

Unless you manage $1 billion pension plan or you are simply a gabillionaire, chances are you don’t have a multi million-dollar research team at your disposal to tell you where to put your money and when to do it. Even your broker likely uses research based solely around the products he or she represents, as opposed to what is available worldwide. Independent research by the brightest minds with the widest visibility to world markets comes at a hefty cost. The reality is that the “little guy” (with investable cash of less than a hundred million or so) is priced out of the advantages of independent investment research.

The clients at Optivest, Inc. are now an exception to that rule…