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Financial Planning
Consolidate all your various investment and bank accounts to one aggregate view.
Protect all your important documents and records such as deeds, titles, birth certificates, appraisals, insurance policies, investment and loan accounts against sudden disasters such as a fire or a natural common disaster.
Discuss how assets should be titled; individual names, joint, tenants in common or a revocable trust.
Consider the use of Home Equity Loans to fund expenditures.
Prepare for loss of income due to an unexpected accident or illness.
College planning strategies.
Retirement Planning
Assess retirement financial needs taking into account inflation and taxes.
Consider contributing more towards your retirement plan or investing outside of the retirement plan.
Determine which investment accounts should be used first.
Appoint beneficiaries to your retirement plans.
Determine if your children should be the contingent beneficiary instead of a trust.
Consider converting your IRA to a Roth IRA.
Investment Management
Estate Planning
Investment Management
How to achieve better investment returns without increasing risk.
Rate your investment performance compared to the respective Benchmarks.
Develop a systematic way to evaluate your investments to achieve your goals and objectives.
How to reduce the taxes you pay on investment returns.
Estate Planning
Assure that your Estate Plan distributes your Estate in a manner consistent with your values in an appropriate amount, at the appropriate time and at the lowest possible overall tax cost.
Assess your current Estate Plan to accomplish your goals for your family in light of changes in tax laws.
Consider a variety of planning techniques in case your current assets and financial situation has out grown your current plan.
Evaluate your designated Trustee(s) and Successor Trustee(s) named in your Trust.
Assess your present plan to provide Asset and Divorce Protection for your Children and Grandchildren.
Determine the appropriate amounts to leave to your Children and Grandchildren.
Discuss Philanthropy in your Estate Plan.
Prepare a “Transition Book” for your family to follow in the event of death.
Insurance Needs
Assess the right amount and appropriate type of Life Insurance.
Designate your beneficiaries.
Consider your insurance as it relates to your overall Estate and Financial Plan.
Evaluate having a Trust own your Life Insurance.
Tax Planning Strategies
Tax planning is an integral part of any financial plan and since the demise of the tax shelter, strategies for saving individual income taxes are harder to come by, but they do exist. Keeping proper documentation is also an important part of tax saving strategies.
Contribute to a Retirement Plan or IRA.
Defer bonuses or other earned income.
Accelerate capital losses and defer capital gains.
Use the gift-tax exclusion to shift income.
Consider making charitable donations.
Tax Free Savings Accounts.
Investment Advisory Services
The Six Step Approach
1. Inventory Current Financial Position
a. Assets (Current and Future)
b. Liabilities
c. Income Sources and Expenses
d. Tax Circumstances
2. Set Goals and Objectives
a. Determine Risk Tolerance (Financial and Psychological)
b. Current and Future Income and Capital Needs
c. Review Estate Planning Issues and Alternatives
3. Develop Investment Strategy
a. Determine Necessary Return Parameters (Targets)
b. Achieve Objectives with Least Amount of Risk:
Portfolio Efficiency
c. Asset Allocation Modeling
d. Quantify with “Probabilities of Success”
4. Implementation of Investment Strategy
a. Diversify Adequately within Major Asset Classes
b. Equity – Market Segment and Management Style
c. Fixed Income – Diversify by Style, Duration (Maturity),
Quality
d. Perform Manager Search and Selection Process
5. Evaluate Performance
a. Ensure Strategy is Achieving the Stated Objectives
b. Ensure Individual Investments are Performing to
Expectation
c. Measure and Evaluate Portfolio Performance versus
Indexes and Peer Group
6. Review and Adjust Investment Strategy
a. Review Stated Objectives
b. Evaluate Market Conditions
c. Make Adjustments to Portfolio/Strategy if Warranted to
Reflect Changes in the Market Environment or Client
Circumstances
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