Financial Planning

Comprehensive or à la carte offering

Hire us for a one-time financial plan or receive ongoing financial planning as an Investment Management Client.

Establish Financial Planning Goals

Inventory Personal Balance Sheet – Assets and Liabilities establishing net worth

Understand Personal Income Statement – Income and expenses establishing net cash flow

Analyze Investments – Individual brokerage account holdings and amounts, annuities, and passive real estate holdings

Optimize Employee Benefits – Group life insurance, equity compensation agreements and employer provided investment plans (e.g. 401(k), 403(b), etc.)

Review Individual Life Insurance – Term and permanent policies

Estate & Legacy Planning – Inventory of existing documents and legacy goals

Comprehensive Financial Plan Delivery - Analysis and detailed recommendations

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We will help identify various retirement planning goals and work to develop a plan to reach them. We will identify what you plan to accomplish, what resources you will need to make it happen, how much time you will need to reach the goal, and how much you should budget for your goal. Included are projections of your likelihood of achieving your stated financial goals, mainly focusing on financial independence as the primary objective. This involves an analysis of existing investment accounts within a household, looking at overall asset allocation, sector & style breakdowns and the identification of any concentrations and tax allocations.

Then, in light of a Client’s financial goals, detailed risk tolerance, and tax situation a recommendation will be provided. For situations where projections show less than the desired results, we will supply alternative scenarios including those that may impact the original projections by adjusting certain variables (e.g., working longer, saving more, spending less, taking more risk with investments, etc.).

Social Security planning is available and retirement income planning and projections can be provided as well. If you are near retirement or already retired, advice may be given on appropriate distribution strategies to minimize the likelihood of running out of money or having to adversely alter spending during your retirement years.

We will provide review and analysis as to whether you, as an employee, are taking the maximum advantage possible of your employee benefits. Items to consider are equity compensation, employer retirement savings vehicles (e.g. 401(k), profit-sharing, etc.), and other benefits.

We will take into consideration any existing life insurance policies and after learning your estate and legacy planning goals, provide an analysis of your exposure to estate taxes within your current estate plan, which may include whether you have a will, powers of attorney, trusts, and other related documents. We will generally provide you with contact information for attorneys who specialize in estate planning when you wish to hire an attorney for such purposes.

Additional advice may include basic considerations to minimize current and future taxes as a part of your overall financial planning picture. For example, we may make recommendations on which type of account(s) or specific investments should be owned based in part on their current tax efficiency, with the consideration that there is always a possibility of future changes to federal, state or local tax laws and rates that may impact your situation.

We will conduct a review of your income and expenses to determine your current surplus or deficit along with advice on prioritizing how any surplus should be used or how to reduce expenses if they exceed your income. Advice may also be provided on which debts to pay off first based on factors such as the interest rate of the debt and any income tax ramifications. Student loans will be included in the analysis.

We may also recommend what we believe to be an appropriate cash reserve that should be considered for emergencies and other financial goals, along with a review of accounts (such as money market funds) for such reserves, plus strategies to save desired amounts.

Includes projecting the amount that will be needed to achieve college or other post-secondary education funding goals, along with advice on ways for you to save the desired amount. Recommendations as to savings strategies are included, and, if needed, we will review your financial picture as it relates to eligibility for financial aid or the best way to contribute to children/grandchildren (where applicable).

This includes an in-depth review of existing policies to ensure proper coverage for life, disability, & long-term care. We can also assist with property and casualty considerations.

This usually includes an inventory and analysis of your exposure to estate taxes and your current estate plan, which may include whether you have a will, powers of attorney, trusts, and other related documents. We may provide you with contact information for attorneys who specialize in estate planning when you wish to hire an attorney for such purposes. From time-to-time, we will participate in meetings or phone calls between you and your attorney with your approval or request.