Author: Justin Brownlee, CFP
Justin Brownlee, CFP
Brownlee Wealth Management is a fee-only financial planning firm serving Oil & Gas/Petrochemical professionals and retirees. Most of our clients have complex compensation structures, stock options, defined benefit (pension) and defined contribution (401k) employer-sponsored retirement plans. We help these families organize their estate plan and navigate the tax code to dramatically lower taxes over the coming decades. We then plan for college funding and income in retirement. Lastly, we establish and manage an evidence-based portfolio tailored to the best interests of the client. The firm serves clients as a fiduciary and never earns a commission of any kind. Certified Financial Planner Board of Standards Inc. (CFP Board) owns the certification marks CFP®, CERTIFIED FINANCIAL PLANNER™, CFP® (with plaque design), and CFP® (with flame design) in the U.S., which it authorizes use of by individuals who successfully complete CFP Board's initial and ongoing certification requirements. Content is educational and does not constitute an advisory relationship. For tax, legal, or investment advice, contact your advisor.
There are economic and strategic advantages After a family has accumulated a significant amount of wealth – tens of millions of dollars or more – it is time to consider whether a family office structure will serve them going forward. For reference, a family office is a private advice and management group that can oversee one family’s or several families’ wealth focusing on areas including taxes, estate planning, investments, governance and typically lifestyle services. This decision is highly personal and ultimately about preferences; what matters is matching the financial planning structure to the family’s goals, complexity, and desire for control.…
Oil and gas executives are professionals with complex financial lives due to the intersection of high income, concentrated equity exposure, complex compensation packages and earnings that rely on the commodities markets. These are just a few factors that make financial planning for this group of investors very specific. For this year in particular, these investors need to be mindful of some tax-law changes as there is a narrow window to prepare to capture their benefits. Here are some specific areas these professionals should be monitoring, preferably with the help of a trusted financial professional, in 2026. The State and Local…