2023 Q2 Chesser Report

Paula R. Chesser, CSA
Senior Vice President & Senior Investment Consultant

Hi there,

We have been very fortunate with beautiful weather so far this spring. Let's hope it sticks around throughout summer!

Safety. Simplicity. Yield. These are the three pillars that form Baird's Cash Sweep Program. While Baird is not a bank, we leveraged our independence and client-centric focus to put your cash to work while ensuring it is protected and accessible. The Protecting and Growing Your Cash video found in the Advanced Planning Thought Leadership section below highlights how Baird’s independence enables us to offer enhanced safety and highly competitive yields compared to what you might find at a typical commercial bank – all without sacrificing the simplicity you want in accessing your money.

We continue to make upgrades and improvements to our new website. You can use the navigation bar at the top of the page to get to any page you are looking for. There's plenty of insightful content within the Educational Resources tab you are sure to find resourceful when navigating financial waters. If you have any comments or suggestions about our website be sure to let us know!

I hope you have some exciting trips to beautiful places on the calendar for the coming months!

Warm Regards,

Paula

Advanced Planning Thought Leadership

Protecting and Growing Your Cash

Baird's competitive rates might be exactly what your cash is looking for.

Do You Need a Personal Umbrella Policy?

A personal umbrella policy can be the anchor of your wealth protection plan.

Bull & Baird Blog: Anxiety

Mike Antonelli's Bull & Baird Blog "Is my money safe?"

Ask Paula

Dear Paula,

I recently made the hardest decision I've ever had to make and decided it was time to sell my business. For 35 years I owned and operated a very successful construction business that I built from nothing. I am a 76 year old woman and I'm ready to put the pressures of business ownership behind me. I am happy to share I was able to sell my company and netted approximately $12,000,000.

I intend to pay off a few outstanding loans, but should have about $11,500,000 left over. I was always the "do it yourself" type when it came to managing my money but now I am looking for wholistic wealth management so I can relax and enjoy retirement with my husband.

While I am completing my due diligence for my future lifestyle wealth plan, I would like to find a place to park my cash while I make a decision. Any insight you could provide would be very much appreciated.

All the best,
Teresa

Dear Teresa,

Congratulations on selling your business. 35 years of a successful business is something to celebrate!

Baird's Cash Sweep Program enables clients the opportunity to earn income on available cash balances in their accounts. Based on the HOUSEHOLD and available cash value, this program automatically deposits/sweeps available cash balances daily into an interest-bearing account maintained at one or more participating banks and/or a Money Market Fund. All of my clients use this program routinely.

Click HERE for current rates and to learn more about Baird's Program. Give me a call as I am happy to chat further.

Warm Regards
Paula

Meet the Team

Paula R Chesser, CSA
Sr Vice President & Sr Investment Consultant
pchesser@rwbaird.com

Dean Brennan

Client Specialist

dbrennan@rwbaird.com

Team Paula’s successful wealth management practice assists Very High-Net-Worth Yacht Owners, Sucessful Business Owners, and Multi-Generational Families in navigating 5 key areas: 1) wealth preservation, 2) tax mitigation, 3) taking care of heirs, 4) protecting assets, and 5) analyzing charitable options. Professional licenses include Series 7, 66 and life & long-term care insurance.

Team Updates

The boat is officially in the water! Here is a picture of what it takes to transport it.
Dean and Cassedy added a new member to the Brennan Family Zoo, Basil the duckling!