Downing & Co. Expands Comprehensive Wealth Management Services in Portland

Finance

Sep 6

PORTLAND, Ore., September 5, 2024 (VSNewsNetwork.com) – Downing & Co., a wealth management and financial advisory firm, has announced the expansion of its comprehensive family office services to the Greater Portland and Southwest Washington area. The firm now offers a range of wealth management solutions traditionally available only to ultra-high-net-worth clients, making these services more accessible to Portland residents.

Downing & Co.'s family office services include over 29 key areas of financial planning, such as tax minimization, estate planning, legal advisory, and risk management. These services are typically associated with family offices catering to billionaires but are now available to a wider demographic, including residents of West Linn, Lake Oswego, and the Pearl District. The firm aims to provide clients with access to a broad team of professionals, including attorneys, accountants, financial advisors, and risk mitigation experts.

"A recent Spectrum study revealed that while 78% of high-net-worth clients expect wealth transfer advice and trust services, only 2% receive it. We aim to close that gap and make billionaire-level wealth management attainable for everyone in Portland," said Tim Downing, Managing Principal at Downing & Co.

The expansion aligns with a broader trend in financial planning, as demand for holistic wealth management continues to rise. According to a 2024 McKinsey report, there has been a 60% increase in clients seeking comprehensive financial advice since 2018. Statista has forecast that global assets under management in the wealth management sector will reach $128 trillion by the end of 2024.

Downing & Co.'s services are designed to provide long-term financial planning solutions for clients who are seeking to protect and grow their wealth.

For more information about Downing & Co.'s wealth management services, visit their website at downingpdx.com or call (503) 445-3578 for a consultation.

Source: Downing & Co. via Newswire