Services
Simple Financial Planning
Cash Flow Planning
Portfolio Construction
Debt Management
Insurance
Complex Financial Planning
Tax-Advantaged Planning
Retirement Planning
Estate Planning
Charitable Planning
Advanced Planning
Hourly Financial Planning Advice
Hourly Financial Planning Advice is provided for clients under the Simple fact pattern and initially under the Complex fact pattern on an hourly basis for the first meeting.
Most clients can obtain helpful answers to their financial questions in their first meeting called a Preliminary Planning Session. The first meeting usually averages two to three hours. Only after this initial meeting can your situation be reviewed and a recommendation made as to what should happen next.
Personal Financial Planning Notes are dictated after each meeting containing issues discussed and reviewing the recommendations given. Clients can utilize us for follow-up meetings for additional advice and help with implementation of recommendations. Clients are free to choose others for implementation and utilize us for advice only.
Advise given in the following areas
Tax-Advantaged Planning*
The goal of tax-advantaged planning is to take advantage of every legal means available to reduce taxes while considering tax risks and to maintain as much tax control as is reasonable.
Cash Flow Planning*
Observing income and expenses, projecting future cash flow to determine net cash flow surplus and to see the effect of financial planning recommendations on cash flow that considers all sources of income, income taxes, expenses, retirement, and investment contributions.
Portfolio Construction
Asset Allocation and Investment Selection tailored to a client’s investment objective and risk tolerance focusing on the income needs of the client. Analyzing the proper Liquidity, Debt to Equity, and Income to Growth ratios each Portfolio should have.
Retirement Planning
Converting accumulated wealth whether it be a business, farm, or real estate into Cash Flow to cover retirement expenses, maximizing Cash Flow through prudent tax planning and investment selection.
College Planning
Funding education and taking advantage of all tax benefits.
Inheritance & Gift Planning
Transferring wealth without tax and maintaining control when desired.
Estate Planning*
Wealth transfer for future generations. Directed Trust Services, Trust Administration, Trustee Support, and Estate Administration Services and Support.
Charitable Planning
Coordinating charitable gifts, asset selection for charitable gifts, and evaluating tax benefits.
Closely held Business Planning
According to the Family Firm Institute only 5% of businesses founded in 1994 survived to 2004. What causes these businesses to fail? Usually it is the failure to plan. The four stages of business: 1) Wonder, 2) Blunder, 3) Thunder, 4) Plunder
Real Estate
Evaluating economic and tax benefits of investment real estate, determining the best way to deal with vacation property.
Liabilities
Advice regarding debt management.
Risk Management
Life, health and long-term care insurance benefits, liability and disability insurance.
Divorce Planning
Cash Flow Planning, Optimal Division of Assets Analysis, Income Tax Planning. Typically, the greatest opportunity to add value is through advice for the non-monied spouse.
Structured Settlement Planning
Advice and Counseling regarding Structured Settlements and evaluating options: should you take the Lump Sum or Annuity payout?
Financial Plans
For some clients the scope of the engagement requires more comprehensive analysis. Following the orthodox Financial Planning process, a holistic approach focusing on all financial factors influencing client’s financial goals and objectives, we create customized and personally written Financial Plans containing 13 sections: Personal Data, Goals & Objectives, Issues & Problems, Assumptions, Financial Statement Analysis, Cash Flow, Tax-Advantaged Planning, Risk Management & Insurance, Implementation Schedule, Investments, Financial Independence, and Gift & Estate Analysis and Recommendations. Fees for Financial Plans, if recommended, are quoted at the end of the first meeting and are based on an estimate of the time involved and the complexity of the client’s situation.
Continuous Financial Planning
Ongoing integrated financial planning, continuous advice, management and reporting to clients for a fixed quarterly advisory/retainer fee. Typically, this type of ongoing service is offered only to those who have had a formal written Financial Plan prepared for them. The ongoing reporting and advice is provided to update the Financial Plan, and to allow for a higher level of service. Clients under this engagement option also receive ongoing Money Management. Other “Family Office” services, including trust management and administration services, are also offered, tailored to the wealth management needs of the client. See definition of Multi Family Office services here. Coordination with other professionals is provided. For example, your attorney is provided updated estate planning reports, your CPA is provided tax-advantaged planning reports to be able to assist you in providing tax advice. We work regularly with attorneys and tax prepares in the management of trusts and estates.
View Financial Planning Report Samples
What we don’t do
We do not advise on matters involving property and casualty insurance. We are not specialists in these areas. For all these areas of expertise, we have developed professional relationships with independent individuals or firms that we can introduce you to.
Competent legal and tax advisers should be a part of every sound financial plan. The information contained in your Financial Plan is not intended as tax or legal advice. We do not prepare legal documents, practice law, or prepare tax documents.
