Financial Planning

 

Some financial advisors are strictly focused on client investments. We strive to provide more value to our clients by providing financial advice and planning across not only their investments, but their entire financial picture.

No matter the stage of life, we can help our clients to prepare and plan for the future. Our financial planning process is based on an analysis of a client’s personal net worth (assets and liabilities) and their personal income statement (income and expenses). With this information, we may perform a detailed cash flow analysis, which we use to determine what actions need to be taken in order to pursue the client’s goals and objectives.

In analyzing a client’s personal net worth, we would analyze whether their overall asset allocation is appropriate given their risk profile and financial objectives. We encourage our clients to maintain up-to-date estate planning documents. In addition, we look at how our clients’ accounts are registered and whether their estate planning wishes are properly reflected in named primary and contingent beneficiaries, for example.

 How can financial planning benefit our clients? Here are some questions you may be asking yourself, for which financial planning can provide an answer.

  • How much income can I draw during retirement if I were to retire this year?

  • I am 15 years away from retirement and I want to know how much I need to save each year so that I can retire on time?

  • When should I start drawing down social security?

  • I have young children who are growing up fast. How am I going to pay for their college expenses?

  • What types of accounts are available to save in a tax-advantaged manner?

  • My employer offers a retirement plan and other benefits—how can I best take advantage of these benefits?

  • What is the right asset allocation for me given my unique situation?

  • What will happen to my investments on my passing?

  • Should I have a revocable trust?