B. Marcus Reid Jr.

Wealth Director – NM

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  • Maximize Wealth: Combat Inflation with Strategic Cash Management

    With inflation at 3%, a $10M cash position loses $300k of purchasing power every year. Safety isn’t about avoiding market volatility — it’s about balancing liquidity with growth. Wealthy families keep dry powder for opportunities, but they also make sure idle money works harder.

    Cash is often seen as the safest place to park wealth. It’s liquid, stable, and seemingly risk-free. But for high-net-worth individuals, large cash holdings can silently erode wealth due to inflation and missed opportunities.

    The Inflation Problem

    Inflation reduces the purchasing power of cash over time. For example, with a 3% inflation rate, $10 million today will only buy $9.7 million worth of goods and services next year. Over a decade, this compounding effect can drastically shrink your real wealth.

    Balancing Safety and Growth

    Avoiding market volatility is understandable — no one wants to see large drops in their portfolio. However, true safety means preserving purchasing power and growing real wealth. This requires balancing liquid cash for emergencies and opportunities with investments that outpace inflation.

    Opportunities for Wealthy Investors:

    • Maintain strategic cash reserves — enough for liquidity but not excessive.
    • Invest surplus cash in inflation-beating assets like equities, real estate, or alternatives.
    • Use short-term bonds or laddered CDs to manage liquidity with modest returns.

    The Cost of Idle Cash

    The opportunity cost of holding too much cash is the potential gains you miss. Over years, this can translate to millions in lost growth that could have funded your lifestyle or legacy.

    The Bottom Line

    Cash is safety — but only when used strategically. The key is to make sure your idle money is truly productive and working for your wealth goals.

    How much of your cash is truly productive?

    If you’re wondering how this affects your financial goals, my team and I are here to help.

    P: 843-520-6616
    E: broderick.reid@nm.com

  • Building a Business That Outlives You: Why Succession Planning Matters

    If your business dies with you, it was a job — not an asset.

    True business wealth comes from building something that can thrive without you. This requires succession planning, legal structures, and a plan for leadership transition. The earlier you design your exit strategy, the more valuable your business becomes.

    Many entrepreneurs pour their heart and soul into their business. But what happens when they want to step away? What happens when life unexpectedly intervenes? If the business cannot continue without you, it’s effectively a job, not a lasting asset.

    Why Succession Planning Is Crucial

    Succession planning ensures your business continues to generate value for your family or heirs after you leave. It involves:

    • Identifying and preparing successors.
    • Establishing legal frameworks to transfer ownership smoothly.
    • Planning for contingencies like disability or death.

    Value Creation

    Businesses with clear succession plans are worth more. Buyers and investors value stability and continuity, which reduce risk. Without a plan, your business may lose value or even fail during leadership transitions.

    Start Early

    Succession planning is not an emergency plan — it’s a strategic decision that should begin years before exit. This lead time allows for mentorship, training, and building operational independence.

    Next Steps

    • Work with advisors to document and legalize your succession plan.
    • Consider buy-sell agreements and key person insurance.
    • Communicate the plan with stakeholders.

    The Bottom Line

    Your business is a wealth-building engine — make sure it can run without you. Do you know your exit number and how you’ll get there?

    If you’re wondering how this affects your financial goals, my team and I are here to help.

    P: 843-520-6616
    E: broderick.reid@nm.com

  • How to Build Wealth Through Strategic Tax Planning

    Every dollar you save in taxes is a dollar that can compound for decades.

    The wealthy don’t just think about this year’s tax return — they plan for 20 years from now. This means integrating investments, business structures, and estate plans into one cohesive tax strategy. The difference? Millions more for your family, and far less for the IRS.

    Why Long-Term Tax Planning Is Essential for Building Lasting Wealth

    Tax planning is often treated as a yearly chore. It focuses on compliance, ensuring your returns are in on time and minimizing this year’s tax bill. But for high-net-worth individuals, tax planning is a strategic, multi-decade exercise with enormous impact on wealth preservation and growth.

    The Power of Compounding Tax Savings

    Every dollar you legally save on taxes can stay invested and grow exponentially over time. Over 20 or 30 years, these savings can add up to millions in extra wealth, simply by reducing tax leakage.

    Integration is Key

    Effective tax planning requires coordination across all parts of your financial life:

    • Investments: Choosing tax-efficient vehicles and timing gains/losses.
    • Business: Selecting optimal entity types and compensation structures.
    • Estate Planning: Using trusts and gifting strategies to minimize estate taxes.

    When these elements are integrated, they multiply each other’s benefits.

    Proactive vs Reactive

    A reactive tax plan is a yearly scramble, often missing big opportunities. A proactive plan starts years in advance. It anticipates changes in your life and the tax code. It positions your wealth for maximum efficiency.

    Next Steps

    • Work with advisors (me) who take a holistic approach.
    • Regularly review and update your tax strategy.
    • Focus on long-term results, not just annual filings.

    The Bottom Line

    Tax planning isn’t just about saving money today — it’s about building a legacy. Are you managing your tax plan proactively or just reacting to deadlines?

    If you’re wondering how this affects your financial goals, my team and I are here to help.

    P: 843-520-6616
    E: broderick.reid@nm.com

  • Permanent Life Insurance: A Key to Wealth Building

    Life insurance isn’t just about death — for the wealthy, it’s a living strategy.

    When structured properly, permanent life insurance can offer tax-free growth, liquidity for estate taxes, and even help fund philanthropy. For high-net-worth families, it’s not just protection — it’s a versatile, tax-advantaged asset class. If your insurance strategy hasn’t been revisited in years, you are missing out on significant opportunities.

    How Permanent Life Insurance Can Be a Powerful Wealth-Building Tool

    Life insurance is often misunderstood as simply a safety net that pays out after death. While that is one important role, for high-net-worth individuals, permanent life insurance policies offer broader purposes. They serve strategic purposes in wealth planning.

    What is Permanent Life Insurance?

    Unlike term insurance, which covers a fixed period, permanent life insurance lasts your entire lifetime. It includes a cash value component. This cash value grows tax-deferred. You can access it during your lifetime through loans or withdrawals. This offers flexibility not found in other assets.

    Key Benefits for the Wealthy:

    • Tax-Advantaged Growth: Cash value accumulates without annual taxation, allowing your money to grow faster.
    • Estate Liquidity: The death benefit can provide immediate funds to cover estate taxes or debts, avoiding forced asset sales.
    • Philanthropic Giving: Policies can be structured to fund charitable gifts efficiently, multiplying your impact.
    • Supplement Retirement Income: Policy loans can create a tax-efficient income stream.

    Why Review Your Insurance Regularly?

    Life changes, tax laws change, and your net worth grows. Many clients start with basic policies that no longer fit their complex needs years later. Without regular reviews, you miss opportunities to optimize or leverage your policies more effectively.

    Working with Your Advisor (Me)

    Your wealth manager can help analyze your current insurance strategy. They can identify gaps and recommend solutions. These solutions will be tailored to your estate, tax, and philanthropic goals.

    The Bottom Line

    Permanent life insurance is a versatile, tax-efficient tool. It should be part of a comprehensive wealth plan. It is not just an afterthought. If you haven’t reviewed your insurance strategy recently, it’s time to get it on the calendar.

    When was your last insurance review?

    If you’re wondering how this affects your financial goals, my team and I are here to help.

    P: 843-520-6616
    E: broderick.reid@nm.com

  • Maximize Wealth: The Importance of Tax-Efficient Investing

    The #1 wealth destroyer isn’t a bad market — it’s bad tax planning.

    If your portfolio generates 7% returns but you lose 2% to taxes every year, that “small” drag compounds into millions lost over time. Wealthy families often discover too late that their biggest financial leak is preventable. Tax-efficient investing isn’t flashy — but it’s the difference between building generational wealth and bleeding it away.

    “The power of tax planning is the power to keep what’s yours.” 

    – Tom Wheelwright

    Why Tax Planning is the Real Key to Protecting Your Investment Returns

    When most people think about investment risk, they imagine market volatility — the fear that stock prices might drop, or economic conditions might slow growth. While market risk is real, for high-net-worth investors, an often underestimated threat is the erosion of returns through inefficient tax planning.

    Imagine this: your portfolio earns an average of 7% annually. Sounds good, right? But what if you’re paying 2% of that return every year in taxes? It might seem small, but because of compounding, that annual 2% tax drag can reduce your total wealth accumulation by tens of millions over a few decades.

    How Does This Happen?

    Many investors focus on gross returns without fully accounting for tax consequences. Capital gains taxes, dividend taxes, and income taxes on interest can silently chip away at your portfolio’s growth. Without strategies like tax-loss harvesting, asset location optimization, and investing through tax-advantaged accounts, you end up giving a big chunk of your hard-earned gains to the government.

    The Cost of Waiting

    Unfortunately, most wealthy families don’t realize this problem until much later — often when they’re trying to transfer wealth to the next generation. By then, the tax burden can feel overwhelming and difficult to reverse.

    What Can You Do?

    • Use tax-efficient funds and ETFs. Passive funds often generate fewer taxable events than actively managed ones.
    • Harvest losses strategically. Use market downturns to realize losses that offset gains.
    • Optimize asset location. Keep income-generating assets in tax-advantaged accounts, and growth assets in taxable accounts.
    • Leverage tax-deferred vehicles. Maximize retirement accounts and insurance products with tax benefits.

    The Bottom Line

    Tax-efficient investing isn’t just a nice-to-have — it’s a fundamental part of growing and preserving wealth. When done right, it can mean the difference between building a lasting legacy and losing millions unnecessarily.

    Are your investments working for you — or just for the IRS?

    If you’re wondering how this affects your financial goals, my team and I are here to help.

    P: 843-520-6616
    E: broderick.reid@nm.com