Wealth Management Services

Cash flow planning and budgeting often go hand in hand. Whether you’re a business, an individual, or a family planning out how your cash flow is going to match your spending needs, cash flow planning is in direct correlation with an effective budget. Whereas a cash flow plan focuses on long-term finances, a budget is much more helpful on a micro scale. Budgets also lend themselves to the formulation of a plan for finding where you can save for the future and retirement.

• Reviewing Goals, Expenses and Budgeting
• Review of Income Sources
• Banking & Credit Management
• Review of One Time Expenses
• Planned Large Expenses
• Emergency Funding
• Dollar Cost Averaging
• Mortgage Review
• Lines of Credit & Debt Management

Risk Management is the practice of identifying and analyzing loss exposures and taking steps to minimize the financial impact of the risks they impose. A key component of any financial plan should be planning for unexpected events that may prevent you from meeting your future financial goals. This is known as risk management planning. Each year many people face financial disaster through premature death, disability, or a prolonged illness. As part of your financial plan, we review your current insurance coverage for potential shortfalls. Where appropriate, we make specific insurance recommendations to better protect you and your loved ones from financial catastrophe.

• Annual Review of Existing Policies
• Life Insurance Needs Analysis
• Long Term Care Insurance Analysis
• Disability Insurance Analysis
• Health Insurance Review
• Homeowners or Renters Insurance Review
• Liability Coverage
• Health Savings Accounts (HSA)
• Medicare Advice

Investment planning is the process of aligning your financial goals with your investment resources. It is the main component of financial planning, which puts to use your savings and ensures you earn more money through investing. The first step to a successful investment plan is identifying your financial goals, objectives, and risk tolerance in order to direct you in the type and allocation of investment vehicles. Having a plan for your investments gives you a sense of direction and purpose so you can achieve maximum, risk-adjusted return on your investments. Our investment planning process also helps you decide on the best investment strategy to meet your financial goals.

• Review of Portfolio Positions
• Asset Allocation
• Time Horizon Planning
• Titling & Beneficiary Designations
• Account Aggregation
• Management of Employer Plans Such as 401(k), 403(b), etc.
• Investment Policy Statement
• Stock Concentration

Retirement planning allows you to create financial security while you’re working so that you can be financially comfortable when you retire. It is the process you put in place to maintain your finances after you leave the workforce. Retirement planning has five fundamental steps: 1. Knowing when to start, 2. Calculating how much money you'll need, 3. Setting priorities, 4. Choosing accounts, and 5. Choosing investments. Generally, the idea is to invest more aggressively when you’re young, and then slowly dial back to a more conservative mix of investments as you approach retirement age.

• Review of Retirement Plan
• Retirement Goal Setting & Bucket List Items
• Social Security Analysis
• Cash Flow Analysis
• IRA Contributions & Roth Conversions
• Annuities & Pensions
• RMDs & Withdrawal Optimization Strategies

Tax planning is the analysis of a financial situation or plan to ensure that all elements work together to allow you to pay the lowest amount in taxes possible. A plan that minimizes how much you pay in taxes is referred to as tax efficient. Tax planning should be an essential part of an individual investor's financial plan. Reduction of tax liability and maximizing the ability to contribute to retirement plans are crucial for success. Maximizing Roth Conversions, reducing Medicare premiums by careful tax management, and utilizing opportunities like Qualified, Charitable Distributions and Donor-Advised Funds are all part of a comprehensive tax strategy.

• Tax Sensitive Investing
• Review of Cost Basis & Gains
• Executive Compensation
• Carry Forward Losses
• Tax Loss Harvesting
• Business Succession Planning
• Potential Roth Conversion
• Health Savings & Flexible Spending Accounts
• Tax return Review

Estate planning is an umbrella term that covers many different documents – including wills, trusts, powers of attorney (POA), and beneficiary forms – all intended to determine what happens when you pass away or are unable to make decisions for yourself. While it can be a difficult topic to address, ultimately, it's a very important one. Without the road map that an estate plan provides, your assets can wind up in legal limbo for years, putting a burden on your heirs and other family members who are left to deal with sorting out your finances. Besides facilitating the transfer of your assets to those you choose, estate planning can help minimize income, gift, and estate taxes, among other things.

• Review of Estate Plan
• Minimize Estate Taxes
• Consult on Wills & Trusts
• Living Will & Health Care Proxy
• Power of Attorney
• Irrevocable Life
  Insurance Trusts
• Guardians for Minor Children
• Charitable Giving
• Probate Assistance
• Work With Your Attorney

By planning for the assistance to loved ones, you prepare for a variety of situations that can occur during your lifetime. This may include caring for children or grandchildren, helping adult children and other family members, paying for college, making major purchases, changes in marital status, caring for aging parents and keeping them safe, and even providing for the care of a beloved family pet.

• Gifting
• College Planning
• Caring for Elderly
• 529 College Savings Plans
• Roth IRAs for Children
• UGMA/UTMA
• Establishing Trusts
• Paying Off College Loans
• Divorce Planning