Serving generations across 40 states
Years of experience have prepared us to guide you through your life transitions.
Our team's efforts aim to help clients realize their highest goals.
As a fiduciary, we must place your interests ahead of our own.
Other advisors often hire third party managers that don't know your financial story.
Your guide to our innovative approach
We developed our own "Economic Strength Index"
Is your retirement strategy set up to fail?
We have successfully pioneered building great relationships. We became a multi-generational firm and our earliest clients (WWII: "The Greatest Generation") have passed away and their loved ones inherited their wealth, added their own, and chose to continue to work with us. These 2nd and 3rd generation clients live in approximately 40 states across the USA. These relationships are deep, caring and lasting because the parents passed their trust in us.
We serve clients in all of the red coded states.
Our client’s assets are held by Pershing, a division of BNY Mellon. Through its Bank of New York predecessor, it is one of the three oldest banking corporations in the United States, and among the oldest banks in the world, having been established in June 1784 by a group that included American Founding Father, Alexander Hamilton, and Aaron Burr.
The bank provided the United States government its first loan in 1789. The loan was orchestrated by Hamilton, then Secretary of the Treasury, and it paid the salaries of United States Congress members and President George Washington.
The Bank of New York was the first company to be traded on the New York Stock Exchange when it first opened in 1792.
It is by far the world's largest custodian bank and asset servicing company with $1.9 trillion in assets under management and $37.2 trillion in assets under custody as of the second quarter of 2020.
BNY Mellon is the world’s largest custodian for the 8th year in a row.
Our relationship with Pershing allows us access to stocks, bonds, exchange traded funds (ETF), and mutual funds from all of the following great investment managers.
At Payant Wealth Management Group, our team's efforts aim to help clients realize their goals within a disciplined, insightful, and rewarding relationship. We have been working with retirees since 1979. Since then, we have successfully pioneered building great relationships. We became a multi-generational firm and our earliest clients (WWII: "The Greatest Generation") have passed away and their loved ones inherited their wealth, added their own, and chose to continue to work with us. These 2nd and 3rd generation clients live in 40 states across the USA. These relationships are deep, caring and lasting because the parents passed their trust in us on to their children and now in many cases their grandchildren. The children have added their own wealth and many are now retired baby boomers who we continue to serve. We have been the bridge helping each generation be good stewards of family wealth.
Deep, caring, and lasting relationships form when we earn a lifetime of trust from the first generation. They pass this trust on to the second and third generations, who further entrust us with their wealth. We are a bridge helping each generation be good stewards of family wealth.
The fact that families stay with us from generation to generation is the best testament to our world class service.
We build deep, caring lasting relationships that pass trust down from generation to generation.
What We Provide
As a fiduciary, we must place your interests ahead of our own. As an independent financial planning firm, we represent our clients and their interests rather than any specific company. While some financial institutions recommend investment products that they manufacture, we have no such ties. Our independence is vital to delivering objective, unbiased recommendations.
As your financial partner, our success depends on your success.
Your goals remain at the foundation of our wealth management process.
The approach chosen to manage your wealth is one of the most important decisions to achieve success. We make the investment decisions because we know your financial story.
We believe this really matters.
How did a couple with $3 million of investment assets who averaged 8.1% annually run out of money in 18 years? At another firm, this really did happen!!!!!
Our approach is designed to preserve your wealth, provide a check in your mailbox and help guide you from outliving your wealth.
What we learned over 40 years is so important to you and your wealth during your retirement.
Why is this important to you and your wealth and what have we done to address this major risk?
The economy follows a familiar pattern of expansion and contraction. These economic cycles vary in length due to a variety of factors. We divide the economic cycle into 4 stages as follows: Early Cycle, Mid-Cycle, Late Cycle and Recession. The four stages are similar to our four seasons: Spring, Summer, Fall and Winter represent the changes the economy goes through over the economic cycle. If you live in Chicago you may not want to wear shorts and flip-flops during the winter! It is generally also true that during recessions there is often a period of time where stocks go into decline but other investment assets may flourish. This is where we may want to reduce risk for our retired clients to reflect the environment.
There have been 8 recessions in the last 50 years. A number of recessions have been periods of large losses in the stock market. You may recall the last two (2) recent recessions: 2000, 2001, 2002 this was known as the "Dot Com Bust". And the Financial Crisis of 2008 – 2009 known as the "Great Recession". These periods were devastating for many retirees.
We've learned that each phase of the economic cycle provides opportunities and challenges. We may want to own certain investments in a recovery or early cycle that we would not own in a late cycle or recession. We may want to increase risk in the early part of an expansion and reduce it a late cycle or recession.
Our approach provides retirees a "confidence in investments safety net" with a greater opportunity for "success".