Financial Planning

Financial planning is the process of identifying what a client determines to be important, then developing and implementing actions and behaviors to achieve both short-term and long-term goals. The process is measurable and intended to achieve the stated objectives of an individual, family, or business. A comprehensive financial plan will focus on several key components each critical to its overall success.

With the help of our trusted industry partnets, our expertise in the areas of Wealth Management, Risk Management, Estate Planning, Business & Succession Planning, and Retirement Planning Solutions allows us to deliver the best options and outcomes. Our planning process allows us to work with clients on identifying these important objectives as well as other financial issues and challenges during and after their lifetime.

Wealth Management

You work hard for what you have, our goal is to help you responsibly manage and accumulate wealth. Our comprehensive understanding of a situation combined with keen insights on the physiological impact of behavioral finance, allows us to develop the proper strategy. One that will help lead you to where you want to go while providing peace of mind along the way.

We live in a world of instant communication and constant information. Navigating through it all, understanding what is important to making decisions, and feeling confident can be difficult and stressful. The financial planning process helps you identify specific needs and evaluate the best way to get there. Understanding the risk-reward tradeoff and efficient accumulation strategies reduces stress and creates confidence in a financial plan.

Risk Management

Developing and implementing a financial plan is just the beginning. We understand that the best-laid plans cannot guarantee success. For example, what happens as a result of a premature death or disability? How will economic or political issues impact ability to achieve my goals? What will happen if I should need skilled nursing care during retirement?

These questions and concerns weigh heavily on people regardless of wealth. A comprehensive financial plan will address each of these potential questions. Our job is to educate our clients on both the financial and emotional implications these challenges can create for them and their loved ones. The financial planning process will quantify these scenarios and provide solutions to reduce or eliminate their detrimental impact.

Estate Planning

One of the most profound effects of comprehensive financial planning is the feeling of control. Estate planning in its most basic sense allows you to remain in control even after you are no longer able to make decisions. Estate planning involves planning for how assets will be preserved, managed, and distributed after death. It also considers the management of properties and financial obligations if one became incapacitated. Although it is natural to assume “that would never happen to me”, these challenges happen every day regardless of age, health, and financial standing.

Common concerns include making sure an appropriate guardian for dependents is chosen in accordance to your wishes. Beneficiaries for insurance and retirement plans are kept up to date. Formalizing and updating important documents such as wills, trusts, durable power of attorney, and health care proxy. Making sure the executor of your estate is something you can trust and can effectively carry out your wishes. Limiting estate taxes through trust planning, gifting to love ones, and qualified charitable organizations.

Business & Succession Planning

Financial planning for privately held businesses and their owners deals with complex and unique challenges. Whether a small family shop or large enterprise with hundreds of employees, not addressing key issues can leave the business, its employees, owners, and their families in very difficult situations.

Critical issues which often go overlooked include how to properly transition the business. Includes going into retirement as well as unforeseen circumstances such as premature death and disability. The planning process includes strategies related to retaining key employees and protecting a business from the loss of a key employee. Our extensive experience in the areas of buy-sell agreements, deferred compensation plans, and other important issues facing business owners have helped to successfully guide our clients and their businesses through multiple generations.

Retirement Plans

Planning for retirement is a key element to the financial planning process. We work closely with clients on maximizing their personal and employer provided retirement benefits. Educating them on the options and helping to align these benefits with the rest of their financial planning.

Additionally, we help our business owner clients evaluate and implement retirement plan options for themselves and their employees. Priding ourselves on a commitment of serving both the business owner as well as their employees through education and advice. Our team and trusted partners provide the hands-on and in-person service necessary for this important financial planning element.