Case Study: Avance Private Wealth Management improves annuity planning and long-term care outcomes with Waterlily

How Waterlily's Insights Drive Strategic Annuity Decisions

Avance Private Wealth Management, a financial advisory firm, sought to optimize long-term care planning for its high-net-worth clients. Their challenge was to provide more personalized and strategic annuity recommendations that would not only improve returns but also address potential future care costs. To enhance this process, financial advisor Adam Vega utilized Waterlily's advanced predictive analytics service.

The solution involved using Waterlily to generate detailed predictions on a client's likelihood, timing, and duration of needing long-term care. This data enabled the advisor to demonstrate the superior return on investment and security of annuities with a long-term care component. As a result, clients confidently purchased new annuities that provided higher annual income, which could double if care was needed, preserving their wealth for heirs. Waterlily's insights were successfully applied across multiple clients, solidifying the financial strategy and strengthening advisor-client relationships.

Avance Private Wealth Management

Adam Vega

Financial Advisor