Building Wealth & Asset Accumulation

For those who are still in the building wealth phase of your life there can be so many questions like: How do I get started? and how much should I be saving? We can help you get started by identifying  and tracking your financial goals and building a plan to get your there. For those who already have a small portfolio or retirement nest egg and need help in managing and growing it, we can help you create a diversified asset allocation plan through our investment management program to help manage risk and promote tax-efficient growth of your portfolio.

Retirement & Income Planning

Whether you’re a few months or years away from retirement or already retired, our comprehensive Retirement and Income planning services are designed to help you get on track for a successful retirement. We’ll help you design a retirement plan that minimizes the chances of outliving your money while also offering growth and protection. Additionally, we help in coordinating your Social Security and Medicare benefits to ensure they align and sync up with your retirement plan with the goal of a long lasting and healthy retirement.

Tax Planning

Whether you’re still accumulating wealth or retired, our tax planning services are designed to help you minimize your overall potential tax burden while helping to keep more of your hard earned money in your pocket. We’ll work with your current tax accountant to carefully plan and employ various tax efficient strategies to help reduce and minimize your overall tax burden. And since tax laws are constantly changing, it’s also important to ensure that your tax minimization planning efforts do as well.

Estate & Legacy Planning

With our estate and legacy planning services, we work with you and your attorney to help determine what happens when the eventual what-if worst case scenario happens. We’ll conduct a beneficiary review and audit of your various accounts, discuss different estate planning techniques and strategies, and work with your estate planning attorney to help you establish any legal documents such as a Will or Trust. Through careful planning we can help you leave a tax-efficient inheritance and legacy to your chosen love ones.

Education Funding Planning

Education is the cornerstone of a successful career path for many people. With the rising cost of college tuition, it’s more important than ever to start planning early. Through various strategies, we can help you start an education fund for a young child, grandchild, or even yourself to be used at a future date. Additionally, we also take into consideration FAFSA guidelines to make sure that your education funding vehicle matches your goals and doesn’t impede your ability to obtain financial aid.

Charitable Gifting & Philanthropy 

For those clients who are charitably inclined, our services are designed to help you maximize the value and impact of your gifts and philanthropic efforts, while minimizing the taxes involved. Through thoughtful and careful planning, your gifting and philanthropic efforts can be optimized so that you can witness the positive impact and full value of your gifts while you’re still alive.

This service is for those who already have an existing investment portfolio to be managed or want to start building one. Our portfolio investment management services are designed for those who wish to simplify their life by delegating the responsibility of managing an investment portfolio to a financial professional.

Our financial planning and consulting services are designed to provide clients with the flexibility to engage us either on a one-time, as needed, or ongoing basis regardless of your income, net worth, or investable assets. Speak with a CERTIFIED FINANCIAL PLANNER™ professional about your most pressing financial concerns.

We understand that clients come to us from all different stages in life and careers and also with varying levels of financial needs, experience, and knowledge. This is why our financial planning and consulting services are designed to provide clients with the flexibility to engage us either on a one-time, as needed, or ongoing basis regardless of your income, net worth, or investable assets. Sometimes it helps to speak with a CERTIFIED FINANCIAL PLANNER™ professional about your most pressing financial concerns.

Below is a short description of the various financial planning and consulting services that we offer through LPL Financial.

(Note: These are all generally a one-time basis and do not include investment management services.)

Hourly/Project-Based Financial Planning & Consulting:

This is our most flexible program for offering financial planning and consulting services.  For those that may only have one or two pressing financial concerns that need to be addressed or really only want to focus on one particular area of planning, this may be the program for you. Some examples of questions/topics that can be addressed include:

• Doing a retirement projection to see if you are still on track for retirement.

• The best way to pay off credit card, student loan, or mortgage debt.

• Determine the best time to start collecting Social Security to maximize your benefit.

• Helping to settle the estate of a deceased family member.

Our fee depends on the amount of time and complexity of the situation. Our typical hourly rate is $250/hour (2 hour min). Generally, for those instances where we can accurately gauge the amount of work required, we may charge a flat fee for the planning project. Whereas, we may charge on an hourly basis if the amount of time required to complete the project is unknown or the planning work will be ongoing for an extended period of time.  We generally require half of the fee upfront, with the remaining balance due at the end of the planning engagement. In all cases, fees are discussed and agreed to in advance of any engagements. Free initial consultations are provided for new client relationships.

401k Retirement Plan Review:

Your 401k plan is supposed to be the bedrock of your retirement plan. So, how do you know if it is being optimized for your future retirement?

Many people enroll in their employer sponsored 401k plan having no idea of how their account is allocated or if they are even investing sensibly based on their investment risk tolerance and time horizon.

Additionally, many people are often frustrated at the lack of professional guidance and advice around the management of their employer-sponsored 401k plans. Typically, they have to turn to an online calculator or a 1-800 call center to get advice on how to allocate their account. In the end, sometimes it’s easier to just ask a co-worker how they are invested and go along with their suggestions.

It doesn’t have to be this way!

We believe that whether you are just starting out with your 401k plan or have been saving into your 401k plan for a while, everyone deserves an asset allocation plan and should have access to professional guidance.

As the cornerstone of your retirement plan, you shouldn’t leave it to chance!

Who is this service for?

This service is designed for anyone with a current employer-sponsored 401k plan that wants help in creating a personalized asset allocation investment plan for their 401k.

What’s included?

• A review of your 401k plan benefits including any employer matches (if applicable), company stock or stock options, and available investment options.

• Create a personalized asset allocation plan based on your investment objectives that factor in your age, investment goals, risk tolerances, time horizon until retirement and any other important factors.

What’s not included?

• This is not a comprehensive financial plan or retirement plan.

• This does not cover other employer benefits like health insurance or health savings accounts (HSA’s) etc.

• This is not a continuous ongoing service, but rather a one-time engagement which can be done on an infrequent basis.

How does it work?

• We schedule a call a few weeks out. During that time the client provides us with any important 401k plan information such as a recent quarterly statement, available investment options, and employer matching information, if any. (Note: many of these items would be contained in a summary plan document that you might of received when you first enrolled in the plan or might be available on the online portal.)

• The client takes online risk assessment questionnaire to determine their “risk number”.

• We schedule an initial 30-45 min call to gather the necessary information.

• We schedule a follow-up 30 min call to follow-through on our recommendations and suggestions.

What does it cost?

We charge a flat fee of $450* (for 401k plans with less than 20 investment options) for this service. This is a flat fee regardless of amount of assets in your 401k plan.

*Note: For those with employer stock or stock options and/or more than 20 available investment options in their 401k plans, the fee may be higher due to increase complexity when dealing with such assets.