We strive to address the unique needs of our clients and provide a full array of personal and business financial services, with fee-based financial planning as the core of our practice. Most of our fee-based planning clients meet with a member of our team 4 to 10 times during the first year. Our priority is to build clarity and confidence in your financial future. As a result, we strive to provide you with the time and tools you need to get there.
The foundation of any financial plan is knowing the state of your cash flow (very simply – what comes in and what goes out) and quantifying your available resources. We want to build and follow a budget, create a strategy for debt repayment, and work to figure out the best way to strategically utilize these ‘surplus’ dollars to accomplish your goals.
The vast majority of our clients have graduate degrees, which often come with big piles of student debt at an uncomfortably high interest rate. We help clients determine the right strategies for repaying their loans in a meaningful way while ensuring that there are still adequate resources remaining each month to address the of the other competing priorities in life, such as buying a home, starting a family, and saving for the future.
Education Funding Strategies
Making sure the children in your life have the opportunity to attend college without having to take on a lot of student loan debt is typically a high priority for our clients. Given rising college costs and the need to save more in this area, it has become more challenging to balance this objective along with everything else. We help clients determine what this balance should look like and educate them on the different vehicles available to fund this important objective.
Planning for a comfortable retirement doesn’t happen overnight. Whether it is far away or right on the horizon, all of your other significant financial decisions made today will have an impact on the resources available to save for this objective. Our team will work with you to evaluate how you are currently positioned and how to help optimize your resources for the retirement you want. We look at how much you ideally need to save and in which types of accounts.
We take the time to understand your investment objectives and comfort with investment risk. This allows us to provide you with insight into your current investment allocation and make recommendations that suit you. In addition to asset allocation (how your assets are distributed across different areas of the market), we also pay close attention to the expenses of the investments you own. How much you pay for your investments, and their taxation, will have an impact on your returns over time. Don’t go it alone on this front.
Insurance Planning & Risk Management
Life can change in the blink of an eye. Whether you are just starting out, starting a family, or ready to retire, managing the risks that could disrupt your financial goals and threaten your assets is key to a solid financial plan. We will review your current insurance portfolio and identify opportunities to help optimize coverage and cost efficiency. In addition, our team of professionals will work with us to determine whether other risk management strategies make sense to protect you.
Estate planning is about more than just taxes – it’s about making sure that your family is taken care of even after you are gone. Our estate planning process involves first understanding your goals for your family and community. Next, we help to identify those estate planning strategies that you can put in place to meet these goals. Estate Planning services are provided working in conjunction with your Estate Planning Attorney, Tax Attorney and/or CPA. Consult them for specific advice on legal and tax matters.