Attorneys

It starts with getting a clear picture of where you stand financially, such as your partnership equity, deferred compensation, retirement accounts, and personal investments, and then mapping that against the life you want after practice. From there, we build a coordinated exit strategy that covers timing, portfolio positioning, and income planning. Two dedicated advisors attend every meeting and follow through on action steps to help ensure nothing falls through the cracks during what can be a complex and emotional transition.

Attorneys often have layered financial lives, with partnership income, K-1 complexity, deferred compensation, personal investments, and estate considerations all intersecting at once. When your tax team and your wealth team operate under the same roof and talk to each other daily, the gaps and miscommunications that come from managing separate relationships can be minimized. That integrated approach is core to how BGM operates.

We do. BGM has worked with attorneys and law firms for over 40 years. We understand partnership buyout structures, requirements for interest on lawyer trust accounts (IOLTA), the complexities of billable-hour-based income, and the tax considerations that come with legal practice. That depth of experience means we can help you anticipate issues before they become problems.

We help attorneys evaluate what their ownership stake is worth, model different exit scenarios, and structure a transition that accounts for partnership agreements, client relationships, and tax implications. Whether you’re transferring to a partner, merging, or winding down, we coordinate the financial, tax, and estate planning pieces to help make the transition as smooth as possible.

Yes. You’re assigned a dedicated team that gets to know your full financial picture and stays with you. Two advisors attend every client meeting to provide continuity and help make sure every action item gets handled. It’s a hands-on, high-touch approach that goes beyond the traditional advisor relationship.

Absolutely. We regularly collaborate with estate attorneys, insurance professionals, and other specialists our clients already work with. The goal is a cohesive strategy, not competing advice from disconnected professionals.

We take a proactive, forward-looking approach to tax planning, not just filing returns after the fact. For attorneys with partnership income, equity compensation, or multiple income streams, that means coordinating estimated payments, identifying planning opportunities mid-year, and integrating tax strategy with investment and retirement decisions. It’s all connected, and we treat
it that way.

Yes. Many of our attorney clients start working with us years before retirement. The earlier we can build a financial plan, the more flexibility you may have around timing, tax strategy, and investment positioning. You don’t need to be on the doorstep of retirement to benefit from a coordinated financial strategy.

We do. BGM is headquartered in the Minneapolis-St. Paul area with a national client base. While many of our attorney clients are in the Twin Cities metro, we serve clients across the country and can work with you regardless of location.

We start with a complimentary introductory conversation. We’ll learn about your situation, your goals, and what’s keeping you up at night financially. From there, we’ll outline how our team can help and what the engagement would look like.