Personal Financial Planning

As independent, fee-only financial advisors, our goals are aligned with yours: to successfully achieve your short-term, mid-term and long-term financial objectives without unnecessary risks, taxes and costs.

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STEP 1: GET ORGANIZED

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Your Personal Financial Website connects with all of your financial accounts wherever they may be held, imports updated values all day long, and provides you with the big picture of YOU - on-line, 24/7. 

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STEP 2: MAKE A PLAN

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With your financial data organized on your Personal Financial Website, your Certified Financial Planner® can create a digital financial profile that merges all of your short-term, mid-term and long-term financial objectives into one cloud-based, digitally living Master Financial Plan that you can easily monitor online 24/7. 

Retirement Planning:

Florida is swamped with senior citizens whose retirement years are less than golden because they relied on bad advice and oversold products. An experienced, independent, Florida-based, Fee-Only Certified Financial Planner®  is a trustworthy resource for avoiding unnecessary delays, expensive potholes and misdirection on the road to a comfortable retirement.

Estate Planning:

We realize nobody wants to think about his own death. Just know that the plans you make today can impact multiple generations of your loved ones hereafter. Let our experience be your guide to custom-designing an estate plan that can fulfil your legacy goals without unnecessary complexity, cost or conflict of interest.

Tax Planning:

Tax evaluations need to take place continuously throughout the year as we strive to maximize investment returns and minimize risk.

Risk Management:

Don't be surprised when a conversation with most financial planners about "risk" results in the sale of an insurance policy or annuity. A FirsTrust Fee-Only Certified Financial Planner® sees risk as an actual issue, not a sales opportunity, and lends an unbiased evaluation and professional perspective to the subject from many critical angles:

Cash Management:

Reliability: First and foremost, clients want to make sure their money doesn’t run out before they do; so we generate a variety of what-if scenarios to project income, and stress-test the ability of their resources to generate cash flow under multiple scenarios and over different periods of time. 

Consistency: Clients want a consistent “flow” of cash, which is achieved by creating a sustainable process for adjusting for liquidity, moving cash, and funding their spending accounts on regular intervals.

Tax efficiency: We also focus on “sourcing” spendable income from each client's accounts in a manner that generates the least amount of tax burden. Should your income come from investments that produce dividends and interest, or is there a more tax efficient way to generate cash flow? Should you defer withdrawals from your IRA or retirement account? Can your income be derived from capital gains at a lower tax rate?

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STEP 3:  IMPLEMENT YOUR PLAN

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ASSESS GOALS AND RISKS

The journey to reach your specific financial objectives is like taking a road trip. If you choose the wrong vehicle, take the wrong road or drive the wrong speed, you'll be significantly less likely to arrive where you want to be - when you want to be there.  

                                                      

Optimize Your Vehicle        Optimize Your Route         Optimize Your Speed

Using a scientific framework that won the Nobel Prize in Economic Sciences, we are able to engineer a portfolio to fit your unique risk preferences and meet your investment expectations with a 95% mathematical confidence.

With a hierarchy of your goals, respective timelines and risk tolerances, we have the framework for selecting investments and allocating capital to each objective. The widest selection of the world's best performing investments is rarely ever found at the local bank or brokerage. As truly independent wealth managers, we can evaluate and select investments from anywhere, not just a menu of choices from one institution.

Along the way:

• Eliminating unnecessary fees and expenses buried in the fine print is an effective way to save our clients money.
• Tax drag on a portfolio's total return can be reduced by employing strategies to produce better net returns without incurring additional risk.
• Once your portfolio’s asset allocation is determined, we also seek to optimize the “asset location”: holding more of the income-producing investments inside of retirement accounts to defer the annual income tax bite, and holding growth-oriented investments in taxable accounts where capital-gains tax rates may be timed and managed. 

MONITOR, REVIEW AND ADJUST

The comprehensive data in your Personal Financial Website and Document Vault provides an opportunity for more fully informed decision-making, and collaborating with you on a regular basis is the only way we know how to do it right. We routinely meet and/or teleconference with clients to review progress toward meeting your goals, and evaluate risk levels. One important analytical tool on your website is something we call a STRESS TEST; a present-value vs. future-value assessment of your investments given various what-if scenarios. 

 

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