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Individuals & Families

Wealth Building

Having wealth means you should think less about money later in life.  However, most individuals must think and plan NOW...for LATER.  The transition from just having money to wealth factors in the abundance of free time.  Here are a few wealth building tips:

  • Define your goals, success and happiness
  • Embark on investment plans for short & long-term objectives
  • Participate in pension plans & IRAs
  • Understand our Tax Code
  • Plan for emergencies & unforeseen contingencies
  • Manage expenses and debt
  • Understand and manage your health
  • Stay determined, and in control
  • Achieve balance
  • Get a good financial advisor

With most of the financial industry's products and services at our fingertips, we can help you achieve your financial goals by understanding your wants and dreams, implementing a plan to reach them and keeping you informed of progress and improved strategies.

Retirement Income Planning

Whether it's Maslow's Hierarchy of Needs, our basic food pyramid, or fundamental building construction, they all begin with a solid foundation and build upward with more targeted layers.  While no two families will have the same retirement plan, the layers of a Financial Pyramid provide visualization of how the layers work together and can give you sound ideas of how to build and balance your retirement investments:

  • Making up the large base of the pyramid are guaranteed income streams. Social Security, certain pension plans, and annuities can all provide guaranteed lifetime income.  With a base income stream secured, that provides the security to reach for a wider selection of investments to fulfill more specific needs.
  • On the next level are longer-term investments that with time can mature and grow. Examples include 401(k)s, IRAs, real estate holdings, and some annuities.  They can be structured as a hedge against inflation and with some long-term growth potential reduce the risk of outliving your retirement savings.  Proper insurance is also critical.  While the bulk of your asset base should not be overly invested in this group, investors should not ignore the importance of a good mixture of life insurance with long-term care options, medical coverage and Medicare.
  • At the top of the Retirement Pyramid are CDs, mutual funds, stocks, bonds, and checking and saving accounts. Specific decisions involve personal risk tolerances and time horizons.   If you have secured the lower levels, a properly constructed mix of these is added value.

In summary, a healthy Retirement Pyramid will include all four basic groups: guaranteed income, long-term assets, insurance and investments.

As you move closer to retirement, there are many decisions to coordinate:  

  1. How much money will you need?
  2. How long will you need it to last?
  3. What if something unexpected happens?
  4. How much principal vs. interest should you spend?
  5. How much investment risk should you take?
  6. Should annuities be part of your planning?
  7. How strong is your retirement income foundation?

Those entering the retirement phase of their life are often crossing into an entirely new way of living, where you could be vulnerable to different risks than in your pre-retirement years.  You may encounter:

  • Reduced earnings capacity
  • Spending constraints influencing investment decisions
  • Heightened investment risk
  • Unknown longevity
  • Declining cognitive abilities

Most retirement income calculators can't possibly take into consideration the plethora of choices and input necessary to make these important decisions.  We will help you evaluate all your resources and craft your best scenario to carry over the retirement threshold into your retirement years.

Wealth Management

Don't confuse Wealth Management with Portfolio Management or Special Asset Management.

Wealth Management applies to all assets on your financial statement and all areas of planning:

> Portfolio management
> Estate legal planning
> Life insurance
> Risk management
> Estate liquidity planning
> Disability & healthcare
> Asset allocation
> Retirement planning
> Business succession
> Income & estate tax
> Cash flow
> Education/college planning

Portfolio Management applies to your publicly traded securities within your investment accounts and retirement plans. Investopedia defines portfolio management as the art and science of making decisions about investment mix and policy, matching investments to objectives, determining asset allocations, and balancing risk against performance. 

We utilize different portfolio management approaches:

Third Party Investment Managers

  • Individual securities portfolios, separately managed accounts, and strategic allocation through mutual funds
  • Full portfolio personalization
  • Direct access to your portfolio manager
  • Unique non-correlated alternative investments provide even greater diversification

Individualized & Customized Portfolios

  • Traditional brokerage firm products and services
  • Individual securities, mutual funds, ETFs, and annuities
  • Lifestyle portfolios and allocation models

Special Asset Management includes real estate, timber, oil, gas and mineral advisory, and non-liquid asset management (i.e., aircraft, watercraft, art, and horses). 

Financial & Estate Tax Planning

Our planning clients want the maze of financial issues simplified with effective solutions that are coordinated and tailored to fit their unique circumstances.  With no preconceived ideas of underlying legal, investment, or insurance disciplines driving the outcome, you will have total freedom.

  • You will design your entire financial and estate plan using the FutureSystem™ interactive and consultative process.
  • There will not be a 10-15 page report produced which is usually never read, but a simple and categorized listing of your assets with an income, liquidity, and net-to-heirs analysis for each asset.

Depending on your family's total wealth, decisions involving gifting specific assets, cash, or business interests are often very difficult to evaluate.  Remember, "permanent" in the eyes of Congress is always subject to change.  It is the tax laws in effect when you make substantial gifts and when you die that counts.  Who knows what that might be in the future?  Our planning process combined with years of experience with wealthy families will help you formulate answers to these types of critical questions:

  • Can you afford it?
  • What are the effects on your remaining estate?
  • How can you structure your legacy so your heirs can best handle your wealth?

 Our value proposition also provides:

Flexibility - we understand the world is constantly changing and our process allows for flexibility in solutions.

Privacy & Transparency - your confidence, protection of confidential information and transparency are critical.

Interactivity - essential involvement in the process produces customized solutions.

Sensitivity to Risk - we understand that as wealth grows, many individuals become increasingly risk mitigators.

Simplicity & Cost Effectiveness - our simple process provides the coordination of solutions and tax efficiency most people desire.

How and Where to begin.  You must transcend the uncertainty of our economic and political situations, or reluctance to commit the time and effort required and take positive action that will protect your family and your overall wealth -- for the long term.  This can be done by discussing your financial, legacy, and estate planning goals with one of our team leaders.   We will gladly offer a no-obligation introductory meeting to determine if our advanced fee-based planning services will be advantageous to your personal situation.