Managing Risk
Managing Risk Managing risk is a fundamental part of financial planning. Wise investors diversify their portfolios to limit market risk and interest rate risk. But a truly comprehensive financial plan protects you and your family from a wider range of risks.

To secure wealth, you need the guidance of a financial advisory team that includes deep expertise in risk management. Baird’s specialists can help you protect your wealth by identifying, quantifying and managing a wide range of contingencies. We use an array of insurance products in conjunction with other financial arrangements and appropriate tax strategies. With these tools we can establish a custom plan to protect you and your family from undue exposure while providing other financial advantages.

Personal Insurance Protection
Most investors have property and casualty protection, and medical coverage. But there are many other possible disruptions to your finances, and your protection against these risks is an essential part of a comprehensive financial plan.

Death or disability can derail the best-laid financial plans without the proper income replacement coverage. Likewise, planning for long-term care is an essential element of any financial plan. The need for aid for yourself or a family member during chronic illness, especially after your working years, can be a heavy burden even for those with significant wealth.

Estate Planning Protection
A carefully designed estate plan can decrease estate taxes, while increasing the amount that ultimately passes to your heirs and favored causes. Advanced planning with life insurance often provides a powerful and efficient means of passing wealth to the next generation because properly titled life insurance proceeds will not be reduced by income taxes or estate taxes.

Using an irrevocable life Insurance trust, may also allow you to create a charitable legacy, replace a charitable gift, provide liquidity to pay estate taxes, equalize inheritances in blended families, and provide for creditor and predator protection for children and grandchildren in the event of failed marriages.

Retirement Planning Protection
When properly designed, life insurance cash values accumulate on a tax-deferred basis, and may also be withdrawn on a tax-advantaged basis. Therefore, a properly designed, permanent life insurance policy may provide death benefit protection when you need it most – during your income earning years – and provide a living benefit during retirement. Furthermore, insurance-based solutions may help you in retirement by maximizing the assets you can transfer to heirs, and by protecting assets in case you or your spouse needs long term care.

Business Planning Protection
The untimely death or disability of a business partner can jeopardize a lifetime of hard work. Planning for the continuation of your business with a properly structured buy/sell agreement allows you to transfer business interests in a controlled, orderly way. In addition, an insurance protection plan may provide your business with a funding vehicle for the buy/sell agreement, protection from the loss of a key employee, and “golden handcuffs” for key personnel with executive benefits.

Baird has the expertise and the tools to protect your assets from these and other risks. Backed by a team of risk management specialists, and working with your tax and legal professionals, Baird Financial Advisors will review all your available resources – including investment assets and current insurance coverage – and align them with your long-range goals to help secure your financial future.
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This site has been published in the United States for residents of the United States. The foregoing has been prepared solely for informational purposes and is not an offer to buy or sell or a solicitation of an offer to buy or sell any security or instrument or to participate in any particular trading strategy. Securities, products and services are offered through Robert W. Baird & Co. Incorporated. Member FINRA and SIPC.