Wealth Wisdom: How a Team Guides Families Through Aging and Investments

In the heart of Charleston, South Carolina, a unique team at Wells Fargo Advisors is making waves in the world of wealth management. The Roseate Group, founded in 2003, is not your average financial advisory team. They specialize in helping families navigate the complexities of aging and wealth management. The team is led by a group of experienced professionals, including Robert Vingi, Jr. , David McCallum, Howard D. Edwards, Wendy Brewer, and Aaron L. Barber. They have grown their practice to manage over $3 billion in assets for around 300 families. Many of these families are business owners or commercial real estate investors who have built their wealth through private enterprise. But what sets the Roseate Group apart is their focus on the next generation. They believe in educating the younger members of these families about wealth, its origins, and the responsibilities that come with it. This is not just about money; it's about culture and values. To achieve this, the team hosts family meetings and a popular monthly webinar series. These webinars started as market updates but have evolved to cover a wide range of topics, including wellness and aging. They even feature experts from the Medical University of South Carolina and aging-in-place resources. This holistic approach helps families plan for the future, both financially and emotionally. The Roseate Group's investment strategy is tailored to each client's unique needs. They focus on high-quality equity and fixed-income investments, prioritizing liquidity and tax efficiency. Their portfolios typically include individual stocks, bonds, and ETFs, providing flexibility for their clients. Looking ahead, the team expects a more normalized market in 2025, with moderate returns and bouts of volatility. They are prepared to use any market corrections to rebalance their clients' portfolios and add to equity positions where appropriate. In a world where wealth management can often feel impersonal, the Roseate Group stands out for their personalized approach and commitment to education. They are not just managing wealth; they are guiding families through the complexities of aging and investments, one webinar at a time.