What We Do
Our primary regulator, FINRA, provides numerous investor education materials. One resource is Broker Check which provides information about firms and financial advisors.
A full financial planning team that will assist you with all facets of your present and future financial needs.
- Asset Management
- Estate Planning
- Cash Management
- Education Funding
- Fee-Based Accounts
- Mutual Funds
- Comprehensive Financial Planning
- Stocks & Bonds
- Life & Health Insurance
- Retirement Plans 401k & 403b
- Annuities
- Asset Allocation Programs
- Money Market Funds
- Group Health Benefits
What We Do
The first step is to gather the necessary data to ensure a thorough understanding of your situation. This becomes the basis for the creation of a financial model used to evaluate your current financial situation. It will show your current asset allocation, your net worth, the direction and rate of its change, your cash flow, income and estate tax liability, and other items. Also, we’ll review your wills, trusts, life and disability insurance, and any other legal arrangements you’ve created.
Step two is to develop your personal financial objectives. Frequently, our clients say “it’s to make sure that I have a source of income that I cannot outlive, and secondarily, to leave a legacy for my family, and perhaps the community.” But, often, it’s more complex and involves thinking about things that you have never considered, prompted by questions that perhaps you have never been asked.
Step three consists of identifying problems that are present in your current planning. This is basically a a process of reconciling the likely outcome, based up on your current arrangements, with your desired outcome, as described in your objectives. It is in this third step that the full benefit of the planning process becomes apparent. Issues that you never thought of and problems that you never realized existed will be identified – simply because your financial picture was never so completely developed and your objectives never so clearly and completely stated.
Step four entails the development of recommendations – specific strategies for implementation. Equipped with pros and cons of each, and an economic model to determine their impact, you’ll be in the best position to determine which is right for you. Many strategies decisions you will elect to implement 0 some now, some in the future – others you will reject. But the decision will be yours. The agree-upon strategies will be put down in writing in a comprehensive report.
The fifth step is implementation. This is where your other professional swill be most instrumental. You will have a game plan, a specific course of action to take to your attorney. Armed with this information, he or she will be in a position, as never before, to help you. He or she will draft or amend the required documents. Your CPA will be instrumental in the documentation of many of the strategies involved.
Again, there are strategies that, had you not first determined your basis (your objectives) and a method of evaluation (the financial model), you would not have been equipped to pursue.
Step six is the ongoing review process. At least annually, an update of your plan should be done to encompass any changes in the economy and the tax law, as well as in your personal situation and objectives. As a result of this process, you can be comfortable that your plan continues to be up to date.