MY MISSION STATEMENT
The fine art of helping people
The fine art of helping people
Someone asked me recently what I like best about the profession I entered more than 32 years ago. My answer was instant – I enjoy helping people. In fact, I consider it to be a craft that I continue to work on as I guide clients through the complexities and changes that mark their personal lives and the financial markets.
Financial planning is at the center of what I do, but it involves far more than handing you a document with recommendations on how to help achieve your financial objectives. To me, an effective plan is a living, breathing thing that may change over time as you reach certain milestones and decide that what was important you in the past may no longer be a priority. As you might expect, my approach is highly interactive and requires your commitment over time, as well as mine. This might involve the sharing of information about family dynamics, assets held at other firms and the issues you fear might be standing between you and where you hope to arrive someday.
Assisting me in my practice is my son Matthew Taussig, a Financial Advisor who understands the personal and personalized nature of how I work with clients. Matthew plays a key role not only our planning, but our investment efforts, researching third party management organizations and global trends that influence the recommendations we provide to clients.
Securities Agent: CA, CO, CT, DC, FL, IL, MA, MD, MI, NC, NH, NJ, NM, NY, OH, PA, RI, VA, VT, WA; General Securities Representative; Investment Advisor Representative; Managed Futures
Barbara Ludlow Taussig
Vice President-Wealth Management
Barbara’s financial services career spans more than 32 years. It couldn’t have begun at a worse time – a recessionary period in the 1980s – but Barbara soon realized that clients were more willing to seek advice in difficult market environments. What’s more, she has retained many of these clients over the years and now advises their children and grandchildren.
Born and raised in Port Huron, Michigan, Barbara graduated Michigan State University with a BA in Political Science and a desire to enter the telecommunications industry. She interned at CBS and later worked at WTIC in Hartford but found that her true passion was helping people. Her telecommunications background, however, has proven invaluable in enhancing her ability to understand the current events that influence financial markets and the machinations of companies seeking to grow their market share in a global economy.
Throughout her eleven years at Kidder Peabody and more than two decades at Morgan Stanley and its predecessor firms, Barbara has been a sole practitioner, providing clients with advice that encompasses not only investments, but other dimensions of their financial lives. Recently, she invited her son Matthew to join forces with her and offer clients additional assistance in pursuing their financial goals.
Barbara gives back to her community through her involvement in numerous charities, including the Connecticut Children’s Hospital, Interval House and Charter Oak Cultural Center. She and her husband reside in Farmington, Connecticut.
Toll Free: (800) 248-4499
Matthew conducts exhaustive research in stocks, bonds and alternatives, identifying those that he believes are worthy of client consideration. He also analyzes third party investment management organizations for their performance, style consistency, organizational depth and other criteria before recommending them for inclusion in clients’ portfolios.
A graduate of George Mason University with a BA in Government Policy and International Relations, Matthew worked in a congressional office and lobbying firm before following his true passion and embarking on a career in finance. His fascination with securities markets began when he was a child and invested his birthday money in companies that he believed were poised for future growth. After college, he spent several years at Virtus Investment Partners where he helped Financial Advisors and other professionals evaluate the mutual funds and separately managed accounts offered by his firm and its competitors. In 2017, he joined Morgan Stanley and currently works closely with his mother Barbara, a longtime Financial Advisor, who introduced him to investing so many years before.
Outside the office, Matthew supports a number of charitable organizations in Connecticut and Massachusetts that focus primarily on disadvantaged children and children’s medical issues.
Many of my clients have been with me for as long as I’ve been in practice. I take great pride in the depth and longevity of these relationships and in the fact that many of them have extended from generation to generation. Indeed, I feel it is critical to get my clients’ families involved in the process as soon as possible. I’ve seen too many instances of children not knowing where their aging parents keep their assets or, for that matter, their wills and other important documents. In addition, family involvement enables me to educate children and grandchildren on financial basics and prepare them for the responsibilities that come with the inheritance they will receive someday.
I tell my clients that “I get involved in people’s lives and I don’t leave.” That’s my way of saying they can always depend on me for empathetic advice given with their needs first and foremost in mind.
My financial planning approach is deeply personal and highly interactive. Some people aren’t comfortable with the level of intimacy required, but for me to help you avoid mistakes that can impede your financial progress, I have no choice but to ask you questions you might not feel comfortable about answering. For example:
We’ll also take inventory of your current assets and liabilities and if necessary, we will contact banks, insurance companies and other financial providers to make certain we understand every detail about your holdings. I can’t tell you how often I’ve found 401(k) plans with no beneficiary on file, trusts with no successor trustee named or bank accounts that charge excessive fees my clients didn’t realize they were paying. My objective here is to help you know what you don’t know and rectify errors that could jeopardize your financial future.
Once we create your actual plan, we implement it in a number of different ways. For your investments, we help you create an asset allocation for each of the goals we identified together. We then construct your portfolio with carefully selected exchange-traded funds and mutual funds or other vehicles managed by third party investment managers with a strong history of performance, consistency and organizational excellence. If you have highly appreciated securities that you don’t wish to sell, we will integrate them into your overall allocation and investment plan. Throughout this process, we take a tax-conscious approach that considers your tax bracket and cost basis for each of your holdings before we make changes that could trigger unnecessary tax liability.
Beyond your portfolio, we work with your attorney and accountant to create or refine your estate plan as necessary. Or we can refer you to experienced professionals with whom we’ve collaborated in the past. In addition, Morgan Stanley offers extensive resources that are available to you as a value-added benefit in such disciplines as lending, trusts and philanthropy.
Asset allocation does not guarantee a profit or protect against a loss in a declining financial market.
Creating customized financial strategies for the challenges that today's families face.
Working with you to understand your life goals and develop a truly personalized wealth strategy. Today and for the years to come.
Working closely with you to guide your wealth and investments through the most challenging market cycles.
Partnering with you on key aspects of your business such as ownership, liquidity and developing opportunities.
Making sure your philanthropic dollars are managed with the same best-in-class service as the rest of your wealth.
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