We review your current portfolio to eliminate unnecessary risk, minimize taxes and expenses, and generate any currently needed income. We follow William Sharpe’s concept of Modern Portfolio Theory and provide specific investment recommendations to fit your need. We adhere to a strict asset allocation philosophy utilizing all segments of the equity and fixed-income markets.
We review your property and casualty policies including automobile, home and liability. We review and provide advice on life, disability, long-term care and health insurance needs analysis and policy selection. The advice recommended is based upon your financial situation and tailored to fit your individual needs. We will work with your current agent when feasible or will utilize our network of low cost providers. We also review all beneficiary designations to ensure proper coordination with your estate plan.
We prepare any needs analysis based upon selected public or private school and historical rates of education inflation. We determine the best funding method to meet these needs based upon your individual circumstances.
We review your current estate documents to determine if any changes are needed. If so, we work with your current estate attorney to ensure that your goals are met. If you do not have an estate advisor, we will gladly recommend one to suit your areas of need. We work with you and your estate attorney to coordinate the beneficiary designations on your tax-deferred investment accounts with the goals established in your estate documents. We look at both your financial and non-financial goals and set a course to achieve these in the most efficient and effective manner.
We prepare detailed retirement projections and needs analysis which allow you to see the probability of a successful retirement and how minor changes in the assumptions can have major changes in your chances of success. In these projections, we utilize and explain Monte Carlo simulations which are based on statistics and the relationship between risk and return. We also coordinate the selection of the account type and savings required to meet these needs as well as advanced planning around these accounts, i.e. Minimum Required Distributions.
INCOME TAX PLANNING
We prepare your tax returns and dovetail the financial planning recommendations with your specific income tax situation to reduce your current and future income tax liabilities. We coordinate your investment portfolio to take advantage of any losses for tax purposes and any gains for charitable contributions. If we do not prepare your tax return, we will work with your CPA and provide all necessary data so that your returns may be prepared more efficiently.