Helping Individuals Build and Protect Wealth

Cash Management – Assist in the vetting and evaluation of vendors and/or technology for household cash management and budgeting. Determine how to track and provide guidance for spending in major categories. Model savings needed to prepare for large future purchases or expenses.

Debt Management – Organize liabilities based on balances, interest rates, term structure, and tax implications. Calculate the optimal order and amount of repayment to minimize interest and account for tax efficiency.

Investment Management – Perform an investment review to include qualified plans (401k, Profit Sharing plans, etc.), stock options, and mandatory stock purchases to satisfy Board or independence requirements, as applicable. Define risk tolerance and make sure all investments are coordinated together and properly balanced. We focus on investment efficiencies based on asset classes and tax implications of each account.

Financial Wellness – Benchmarking to include savings rate, debt ratios, and emergency resources are within appropriate ranges to avoid negatively affecting credit scores and the ability to borrow at preferred rates in the future.

Estate Planning – Review to ensure the protection and care of minor children. This includes the review of wills, trusts, beneficiary designations, and all legal documents affecting the care and support of dependents. 

Trust Planning – Perform a general review of current Trusts and where they fit into the Financial and Estate Plan. If no Trusts exist, a discussion and analysis of where they may fit based on projected goals, desires, and legacies.

Retirement Planning – Provide a detailed analysis of current and future savings, spending, and assumptions to predict if the current situation can support a retirement lifestyle equal to your needs. If it falls short, determine the changes needed to match the desired goals.

Tax Review – Analyze tax returns and current situation to determine areas for improvement or re-allocation of funds.

Risk Management – Evaluate all insurance policies to identify areas of weakness that can disrupt the overall plan. This includes property & casualty insurance as well as life, health and disability policies.

Education Funding – Project the desired amounts and vehicle to most efficiently save for higher education including maximizing all available tax credits. Plan for the desired public or private school funding taking into account various funding sources including the recent changes to 529 plan rules.

Charitable Giving – Create a formal plan for giving. Discuss major areas of interest and passions to focus on. This may involve including all family members to instill many giving ideas for the family and understanding the significance of each particular charity. We also review setting up a “family fund” for planned giving where the family acts as the Board of Directors and chooses how to allocate the gifts for each year.

Young Family Financial Education – Introduce concepts such as the save/spend/give philosophy. Incorporate charitable giving, investing, and personal spending for the younger generations.

Business Planning – Review business documents, create a succession plan, and discuss items relevant to business entity creation including Board Resolutions, annual minutes, and tax strategies.

Legacy Planning – Ensuring future trusts and wills are prepared for trustees to adequately administer properly including Investment Policy Statements, loan provisions, future family business interests, and other grantor intentions.