Douglas is a Wealth Management Advisor and the President of Waypoint Private Wealth Management. With more than three decades at Merrill Lynch and roughly four decades as a financial advisor Douglas has extensive experience helping clients address a broad range of investment and wealth management issues through a variety of legal, political, economic and market environments.
Clients who consult with Douglas include businesses and business owners, executives, real estate investors and developers, physicians, psychologists, entertainers, musicians, artists, professional athletes, attorneys, accountants, retirees, heirs, endowments, foundations and institutional investors.
Common client issues addressed by Douglas include:
Cash management—helping to maximize earnings on large sums of cash while mitigating capital risk and maintaining liquidity.
Income producing strategies—helping produce income that addresses investor concerns and needs involving inflation risk, default risk, liquidity needs, tax sensitivity, the risks associated with a rising-rate environment, payment frequency, consistency and reliability.
Investment planning and management—identifying investments intended to meet a client’s income, total return, risk, and tax-related goals. Combining those investments in varying concentrations in an effort to maximize returns for a desired level of risk. Thereafter reviewing those investments and their relative weighting in one’s portfolio for potential revision.
Restricted stock equity strategies/services—addressing the equity locked up within restricted stock against excessive loss due to a potential collapse in the stock’s share price during the lock-up period.
Tax and risk mitigation strategies for concentrated stock positions—Strategies providing investors an opportunity to lessen the capital risk associated with concentrated equity positions while mitigating the tax consequences associated with diversifying.
Retirement planning—Social Security benefit planning, inflation-risk hedging, capital preservation and income optimization strategies, income growth strategies. spousal income security, tax-efficient liquidation strategies, and longevity-risk planning.
Employee benefit planning for businesses and institutions—employee retirement plan selection, plan design and creation, investment menu design, Investment Policy Statement creation, investment selection, reviewing and ongoing guidance, support with the mitigation of employer fiduciary liability risk, and guidance with employee education programs.
Estate Planning Strategy —formulating wealth gifting and wealth transfer strategies, both before and after death, in a tax-efficient manner benefiting the family and/or those charities that most matter to the donor.
Asset protection strategies—assessment of the potential risks to one’s wealth and estate from a life event and an analysis of potential solutions to mitigate those risks.
President, Douglas Frank, earned a Juris Doctor degree from Loyola Law School of Los Angeles and is a member of the California State Bar (no longer practicing). He obtained the CERTIFIED FINANCIAL PLANNER
® certification, the Chartered Retirement Planning Counselor
TM and the Sports & Entertainment Accredited Wealth Management Advisor
TM from the College for Financial Planning. Additionally, Douglas earned the Qualified Plan Financial Consultant designation, the Certified Investment Management Analyst
® designation, and the Certified 401(k) Professional designation. Douglas has also completed finance-related executive education programs at Harvard University, Stanford University, The Wharton School, and Yale University.
2023 Forbes Best-In-State Wealth Advisors: Awarded April 2023; Data compiled by SHOOK Research LLC based on the time period from 6/30/21 – 6/30/22 (Source: Forbes.com).
The Forbes Best-In-State Wealth Advisors rating algorithm is based on the previous year’s industry experience, interviews, compliance records, assets under management, revenue and other criteria by SHOOK Research, LLC. Investment performance is not a criterion. Self-completed survey was used for the rating. The rating is not related to the quality of the investment advice and based solely on the disclosed criteria.
Private Wealth designates advisors whose account sizes are typically $10 million and above, though may have accounts with lower amounts.
CA Insurance License Number: 0A36521. Resident State CA.
*Wells Fargo Advisors Financial Network is not a legal or tax advisor. Be sure to consult your own tax advisor and investment professional before taking any action that may involve tax consequences.
