What We Do
The goal of our wealth management process is to give you greater control of your financial circumstances, enhance your quality of life, and reduce uncertainty about your future.
Our services are designed to be part of an integrated, holistic approach to wealth management, as investment and risk management best practices are incorporated with retirement and tax planning objectives in mind, and so forth. Taking a holistic approach allows us to design the most efficient strategies to address all of your goals and objectives. We follow six steps to help you create a financial plan to work toward your financial freedom.
The world of finances can be complicated. That’s why we leverage our expertise and experience for a client-centric, holistic approach to financial guidance that reflects your priorities and life circumstances. The resulting financial plan integrates strategies for investment management, retirement planning, risk management, tax and estate planning among other objectives that all fit together in bringing purpose to your finances.
Our process begins with listening- and asking the right questions. When we gain a deep understanding of your goals, values, and current financial situation, we can better develop choices that reflect your financial priorities, address your specific goals and bring purpose to your finances. This is the foundation upon which we build.
We then present you with options, best practices, and recommendations that support your goals and objectives- all with your best interests in mind.
Drawing on our expertise, experience, and resources, we break down what can often be complex financial circumstances into a series of steps designed to simplify your finances and help you gain an understanding for each recommendation, helping to bring clarity and purpose to your financial life.
Once your financial strategy is implemented, we'll continue to work with you to measure progress and adapt your strategy as your goals and circumstances change. Unexpected events and life changes can alter your goals. That’s why we focus on you and your unique set of circumstances. Building a lasting relationship with you and your family allows us to create a customized strategy aligned with your short- and long-term objectives and to help you adjust when those change.
Unlike some firms, we do not use a cookie-cutter approach to investment management- adding your funds to a large one-size-fits-all money management platform with thousands of other investors.
After implementing your investment strategies, we provide on-going monitoring of your investments, updates on economic and market conditions, along with periodic review of your investments and allocation recommendations as necessary.
Investing involves risk including the potential loss of principal. No investment strategy can guarantee a profit or protect against loss.
Our investment management process begins with an assessment of your investment goals, objectives, timeframe, and risk tolerance. We then evaluate and discuss investment options for your portfolio, screening them to align with investment criteria, using several independent research and analytical resources to evaluate each investment, your overall portfolio, and market conditions.
We then customize your portfolio, tailoring it to your investment goals and objectives, individual circumstances and preferences. We believe a customized approach allows for a broader range of investment options, including more innovative and sustainable solutions, and portfolios better designed to pursue your individual needs.
Our retirement planning process begins with an assessment of resources dedicated to retirement- assets, savings rates, pensions, social security benefits- and a thoughtful discussion of the financial resources needed to enjoy a comfortable retirement.
Next we produce an evaluation of where you are today relative to your retirement goal, and what it would take to get there, along with options, what-if scenarios, and recommendations.
We then implement a plan that incorporates investment and risk management, tax planning, and cash flow analysis, periodically review progress, and make changes as needed.
Stage two of retirement planning comes as you approach your retirement date. At this point we begin to transition your retirement resources to produce income throughout retirement in a sustainable way, with a view toward minimizing the risk to your retirement income through the inevitable market downturns likely to be experienced during retirement, while also planning to grow your retirement resources to keep up with inflation.
We also consider retirement plan, pension, and social security options, along with strategies to minimize tax liabilities. We then continue to review your plan periodically, making changes as needed.
Investing involves risk including the potential loss of principal. No investment strategy can guarantee a profit or protect against loss. LPL Financial does not provide tax advice. Always consult a qualified tax and/or legal advisor for information as to how taxes may affect your particular situation.
Risk management is the process of identifying, assessing, managing, and reviewing sources of risk to your finances. Once risks are identified and assessed, you can manage them by choosing to accept, avoid, transfer, or reduce them.
Other risks, such as those associated with investing in the stock market, may be accepted with the potential for greater returns than safer investments, given a longer investment timeframe and the desire to outpace inflation risks, or in other cases reduced.
Still other risks can be reduced with careful planning, and so managing risk is an essential part of wealth management, and a key component of our wealth management process.
There are many risks associated with investing, but also risks associated with a death or declining health, inflation, taxes, and other legal risks associated with estate planning.
Some potentially devastating risks cannot be avoided entirely, such as death or declining health, but the financial loss for a family associated with those risks can be transferred to an insurance company in exchange for a policy premium.
Tax planning is all about designing tax-efficient strategies to minimize tax liability. Taxes affect almost every aspect of financial planning, from building retirement assets, risk management, employee benefits and business owner services, estate planning, and retirement income strategies.
Taxes on income, capital gains, dividends, estates, and social security are some of the tax liabilities you're likely to encounter and can be substantial over time.
We help you understand tax incentives and ways to be more tax-efficient in pursuing your financial goals, which can allow you to direct more of your resources toward achieving them. Taking an integrated, holistic approach to wealth management allows us to better incorporate tax-efficient strategies into our recommendations and allows you to be more efficient in pursuit of your financial goals.
LPL Financial does not provide tax advice. Clients should consult with their personal tax advisors regarding the tax consequences of investing.
Estate planning is the process of designating who will receive your assets and handle the responsibilities of your estate after your death or incapacitation.
One of the goals is to make sure your beneficiaries receive these things in the most cost-effective way possible. Estate planning can help establish a platform you can fine-tune as your personal and financial situations change. The key question to ask yourself is: how do you want your assets distributed if you die or are incapacitated?
Developing one comprehensive guide with all the necessary instructions, documents, records, and information for the executor(s) of your estate can be most helpful in settling your estate as efficiently as possible.
Estate planning may require tax and/or legal assistance, which neither LPL Financial, nor its registered representatives, provide. Always consult a qualified tax and/or legal advisor for information as to how taxes may affect your particular situation
Once you have established your estate planning goals, which may include avoiding probate and unnecessary taxes, charitable giving, and providing for loved ones, we can work together, along with your estate planning attorney and tax professional, to design a plan to distribute your estate in the most efficient manner in accordance with your wishes.
