Serving Margate
Wealth management for Margate, from people who are down there too
John Torrence spends his summers in Margate, so this is familiar ground. A good number of our clients own a place on Absecon Island, and the questions that come with one are questions we answer often.
In short
MTP Private Wealth at Farther advises Margate homeowners, second-home owners, and retirees on financial planning, investments, tax strategy, and estate coordination from an office about an hour away in Marlton. The questions we hear most from Margate are about the house itself: whether to keep it, how it passes to the children, and what a sale would cost in tax.
Who we meet from Margate
The people who tend to call us from here
Not a boundary, and not a checklist. If one of these sounds like you, the first conversation is the place to find out whether we are the right firm.
- Second-home owners deciding whether Margate becomes the primary residence or stays a summer house.
- Philadelphia and South Jersey families who have owned the same place for two or three generations.
- Business owners who have sold, or are preparing to, and want the proceeds and the shore house planned together.
- Retirees living here year-round and drawing from a portfolio for the first time.
Working with Margate
What Margate tends to bring us
A Margate house is usually the largest asset a family owns that produces no income, and often the one with the strongest feelings attached to it. Keep it or sell it, hold it personally or in a trust or an LLC, rent it or leave it empty, leave it to all three children or to the one who will actually use it. Every one of those reaches into the estate plan, the income plan, and the tax return at the same time.
John Torrence, one of our principals, spends his summers here, so the island is familiar ground rather than a name on a map. Roughly one in five of the people we work with has a place at the shore, and most of that work runs by phone and video.
Getting to us
- From Margate
- About an hour to the office at 270 North Elmwood Road, Suite H-160, Marlton, NJ 08053.
- How we meet
- A first conversation is half an hour by phone or video. The Marlton office is there whenever you would rather meet in person.
- ZIP code
- 08402
- Call
- 856-988-6664
Nearby
Two practices, one firm
What we do for Margate
For individuals and families
Private Wealth
Financial planning, portfolio management, tax strategy, and estate coordination for families whose finances have outgrown a simple answer. Coordinated with your accountant and attorney rather than around them.
For employers and nonprofits
Retirement Plans
Fiduciary support, fee benchmarking, and investment oversight for 401(k), cash balance, SIMPLE, SEP, and 403(b) plans, on whichever platform serves the plan. For nonprofits, the organization’s own reserves and endowment as well.
Common questions
Questions we hear from Margate
The way it works for our other shore clients. Most of the relationship runs by phone and video, and the Marlton office handles the conversations that are better in person. John spends his summers in Margate, so the island is familiar ground.
It is a tax question, an estate question, and a lifestyle question, and the three do not always agree. We model the options with your accountant, including how a change of residence affects state taxes and what the exclusion on a primary residence is worth, and you decide with the numbers in front of you.
Fairly and equally are not the same thing, which is the hard part. We work with your estate attorney on titling, and on the liquidity that makes whatever you choose workable, including buying out the children who would rather have the cash.
Next step
Start the conversation from Margate
The first conversation is half an hour and costs nothing. If your situation is not a fit for this firm, we will tell you and suggest where to look.