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Overview

Data Gathering

Comprehensive Financial Plan

Specific Need Planning

Plan Presentation and Implementation

Planning Updates

Planning Fees

Our Associates are dedicated to building close and lasting advice-driven relationships with each client. Today, when choices are abundant, decisions are more complex than ever. Individuals are faced with having to make more and more crucial, informed decisions about benefit plans, retirement options, insurance coverage, asset management, education funding strategies, estate planning, savings and investments. When combined with uncertain economic conditions, tax law changes, fluctuating markets, and the multitude of products and services available today, it is little wonder that people seek professional help in the search for financial security.

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Our planning process begins with a comprehensive review of your current financial situation. Prior to the initial planning meeting, we ask you to gather information on all existing assets and liabilities including employee benefit programs, retirement plans, investments, all insurance policies, Wills and Trusts, tax returns, and any other relevant information or documents. During the initial data gathering meeting, this information is reviewed in detail, your risk tolerance is determined and financial and other planning objectives are established and prioritized.

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Our planning department prepares a comprehensive plan based upon your stated objectives and prioritized based upon the importance you placed on each. The scope of each plan varies based upon individual needs, but areas typically included in a plan are:

Ø     Income Tax Planning...focusing on ways to reduce and/or defer current taxation

Ø     Investment Analysis...creating an asset allocation model for investments based upon risk tolerance and time horizon that can be used as a guide in making current and future investment decisions

Ø      Education Funding...options for meeting future education expenses

Ø     Retirement Planning...effective use of current assets and future savings to accumulate assets that can provide you income during retirement

Ø     Disability Needs...make certain adequate income is available to sustain your lifestyle and to pay extra medical expenses

Ø     Long Term Care Planning...methods of preserving and protecting your assets from the cost of providing for nursing and custodial care

Ø     Estate Planning...providing for the desired distribution of your assets at death and minimizing estate taxes and expenses

Ø     Life Insurance...coordination with other assets to provide your survivors with cash and income to meet their needs

Ø     Property and Liability Insurance...protecting your assets against loss or destruction and from potential claims

As part of our investment and retirement planning analysis, we use what is known as "Monte Carlo" simulation to determine the probability that your financial plan will achieve its long term objectives. In addition, we have a network of professional advisors in the legal, tax, investment, and insurance areas that are available to assist us in making our planning recommendations.

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For clients seeking advice for a specific planning need, we can also provide planning and recommendations for limited situations.  Specific need plans can be tailored for one or more of the areas normally included in a comprehensive plan.  In addition, we have the flexibility to provide planning recommendations for other financial objectives specified by a client.

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We present and review a detailed written plan and planning recommendations are discussed in detail. Based upon the priorities you established, we prepare a plan of action for implementation of our recommendations. In many cases, your Investment Adviser Representative can work with you to complete your planning work. Where work is needed from outside advisors such as an attorney, accountant, or banker, we can coordinate our work with your current advisors or refer you to other professionals in these areas.

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A review of your plan is conducted on an annual basis, or more often, as circumstances dictate. This will enable your plan to keep up with your personal financial goals and objectives as they change as well as with changes in areas such as tax law, employee benefit programs, your investment philosophy, and economic conditions.

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As an advisory firm, we charge a planning fee for the services we provide that is based upon the scope of work to be completed. All fees are quoted in advance and included in a written fee agreement. We are paid as advisors to create and implement a financial plan based upon your financial goals, objectives and priorities.

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If you would like further information about our planning services, please call to arrange for a free, no obligation consultation, or contact us by e-mail.