Is an independent management firm comprised of Fee-Only financial advisors, with over 25 years of experience in providing a blend of investment opportunities and services to athletes and their families.
At ONYX, we are dedicated to working on behalf of our clients’ best interests and aim to put your needs first so that our firm is always on the side of those we serve.
In creating a dynamic wealth management open-environment for our professional clients and high net worth individuals, to provide comprehensive advice and other services, transparency or potential conflicts of interest(s) are a main concern for us.
That’s why at ONYX we are paid with a simple transparent advisory fee to eliminate any potential conflicts of interests that may arise, and we do not accept any fees or sales-based compensation.
Specifically designed to empower and grow our client’s wealth, being independent and free from any financial services firm, bank, or broker, allows us at ONYX to review or determine your needs, make recommendations, oversee performance, and provide creative solutions and services without striving for commission-based sales.
We are you and your family’s greatest advocate.
Our firm is committed and focused on ensuring you achieve and protect your long-term interests and legacy.
At ONYX, we work with you (our client) in the capacity that benefits you the most. Working to provide clear and honest communication through frequent in-person meetings and constant access to our team members, you will be well-informed of your business affairs at all times.
You are the most important part of the process and if you do not feel informed on the progress being made to achieving your stated goals; then we have not succeeded.
We strive to educate you on the varying aspects of your wealth management plan, so that you can best define your stated goals. The more knowledgeable you are of all the aspects that go into formulating your wealth management plan and the vision to reach your goals; the more accurately we can define a comprehensive route to achieve them with you.
From the basics to the highly sophisticated, our ONYX team of dedicated professionals aim to arm you with the knowledge necessary to effectively provide input on all decision-making, to reach your goals.
It’s not about us at ONYX. It’s about You. Every service we provide is tailored to your unique needs. We meet regularly not only to discuss progress towards your goals, but to gather input on your ever-changing life needs.
We realize that your needs may change immediately or unexpectedly at times, depending on your personal, employment, and outside influences. We can adjust your plan, given any immediate or unexpected changes to your circumstances, to keep you on top of your goals.
A true Wealth Management Plan begins when you think of – and manage your wealth like – a business. Individuals and their families who manage their finances as a professional endeavor, succeed more often when their wealth and lifestyle is maintained. Once you have identified the most important factors of your plan, it will make it easier for ONYX to help you accomplish your wealth management goals.
After the mission, strategy, and roles have been clearly defined, implementation of the plan must follow, in order to successfully take the next step in managing your wealth. Just as a business must implement their plan by beginning their operations, you and your family must put your plan into action.
The third and most crucial component of managing your wealth like a business, is the continual oversight of the plan, to make sure it adheres to the long-term strategy and withstands any short-term variances.
ONYX is a boutique wealth management firm, designed to service our clients' unique financial needs.
For ONYX, social responsibility and sustainability means providing opportunities and services to athletes and their families, AND giving back to the community to which we serve.
Our mission is to support youth athletes on the field, and to also introduce them to a vast world of opportunities outside of the sports arena.
We understand how fortunate we are to be able to help our clients achieve their goals, and we realize that no one achieves any level of success without community support.
Therefore, at ONYX, this means securing our company’s long-term success by being of service to our clients, while also investing in future generations of adolescents, teens, and young adults looking to follow in our clients’ footsteps.
We AIM to make every effort to help the COMMUNITY that ultimately helped us BE who we are.
It is the ONYX WAY.
Developing the Plan consists of the following:
Implementing the Plan consists of the following:
Governing the Plan consists of the following:
When: June 22, 2019 (5pm)
Where: North Dade Football Field
We adhere to a rigorous implementation of an investment strategy that attempts to balance your risk versus your reward.
We do this by adjusting the percentage of each asset in your portfolio, according to your risk tolerance, goals, and investment time-frame.
ONYX‘s focus is on the characteristics and growth potential of your overall portfolio.
Our investment advisory services are built around you. Long before we offer you any investment advice, we take the necessary time to get to know you – and your family – to identify your investment needs. ONYX will also use this time to educate you on the risks and opportunities associated with global capital markets.
As one of ONYX’s clients, working with you also means that we work with your family, as much desired, to accomplish your wealth management goals. Having your most trusted family members and individuals on the same page helps to ensure we strive for a common goal.
As your family advocate, we also want to provide you and your family with the necessary tools to make wise decisions and recommendations that we can implement into your overall financial plan.
With a deeper understanding of the financial principles used to develop the strategies to achieve your goals, you can more effectively define your short, mid, and long-term goals.
ONYX understands that your life in retirement will be longer than your career. We also understand that this can present challenges in retirement planning, if this is not clear or considered.
Our solution is to construct a plan with you that incorporates your 401k plan, pension, deferred compensation, employer-sponsored annuities, and more.
Insurance is an important element of any sound financial plan. Various kinds of insurance plans help protect you and your loved ones in different ways against the cost of accidents, illness, disability, and death.
Although accidental losses are unforeseen and unplanned, ONYX will continually identify, analyze, evaluate, and treat loss exposure by partnering with the best companies to provide the most all-encompassing coverage possible.
Estate planning is a vital part of your overall financial plan. Estate planning can give you greater financial control, privacy, and an opportunity to leave your estate to your loved ones. ONYX‘s network of dedicated professionals includes estate planning specialists from around the country.
Our goal is to ensure that your accumulated assets and property will be transferred to those you have identified, as quickly and with as few legal hurdles as possible.
Additionally, we also work with estate planning specialists to implement the most effective wealth transfer strategies, to ensure that potential estate tax consequences are minimized so that the maximum value of your assets can be transferred.
With the assistance of our legal professionals, ONYX is available to help its clients’ establish 501(c)(3) type-foundations to pursue their philanthropic goals.
Making sure to adhere to the various and ever-changing tax and legal requirements, we develop the proper organizational structure and tax reporting documents needed to remain in compliance and to accomplish the stated mission of the foundation.
We also assist all clients in identifying specific charitable organizations you may want to partner with; in addition to seeking sponsors and donors, who can expand the reach of your foundation.
One of the most overlooked aspects of a wealth management plan is the lack of proper attention to tax planning. Proper tax planning is essential to achieving your financial goals.
ONYX aims to communicate with you, your employer, and our accounting specialists, to ensure you receive year-round tax planning. We begin each year with an action plan, to maximize your tax deductions; thereby, maximizing your after-tax income and tax refunds.
Through continual communication between all parties, we monitor your income, expenses, deductible expenses, charitable contributions, and all other aspects of your life that may impact your tax planning.
The coordination and integration of all these activities is essential and often determines the overall success or failure of your Wealth Management Plan.
The average athlete often uses a multitude of service providers to execute various wealth management activities. Managing this team of providers can be overwhelming.
At ONYX, we are here to simplify this process for you.
Ask any successful business owner what his profits and losses, and it is likely he or she will be able to tell what those numbers or percentages are, precisely. Any and all financial statements/reports, (i.e. income statements, balance sheets, and cash flows, etc.) present critical information for any thriving business.
Therefore, ONYX aims to provide a periodic review of a robust set of financial statements, to aid you in gaining a complete understanding of where you are, where you’re going, and where you’d like to be.
ONYX will provide you with a complete process of data accumulation and consolidated reporting that will show you exactly what you own, how you own it, and where you are in relation to your investment goals. These statements, which can be tailored to your preferences, we hope, will clearly show you – in one place – only information that is most important to you.