What We Do

The elements of your financial and family well-being are interconnected. We can help determine what your problems and concerns are, evaluate all of the aspects of the “big picture” and then integrate the solutions into a cohesive plan. We provide individually customized, financial planning advice and investment management services to individuals, professionals, business owners, trusts and corporations.  Specifically, we provide assistance in the following areas:

Financial Statement Preparation and Analysis

In order to advise one must first understand.  Our process begins with taking a careful inventory of not just what you own and owe but what you value.  We prepare detailed financial statements and work to understand where you are and where you want to be.  Inevitably as we construct and review one's statements we develop a number of observations, ideas and suggestions relating to one's current concerns and often in other areas that may not have been on the original agenda.    

Cash Flow Analysis, Planning and Budgeting

Many people want their financial lives to be simpler.  However, they also want to make sure they have a sufficient flow of money to sustain their desired lifestyle and to have enough cash on hand so they don’t have to make any rash decisions.  If one has an adequate cash buffer in place you can more comfortably let your other investments go up, down and sideways.  A successful cash flow management system can include consolidated and streamlined financial accounts, short-term investments and debt instruments and automatic deposits and withdrawals of cash.  

Investment Planning and Portfolio Design

Investing should be easy – just buy low and sell high – but most of us have trouble following that simple advice. There are principles and strategies that may enable you to put together an investment portfolio that reflects your risk tolerance, time horizon, and goals. Understanding these principles and strategies can help you avoid some of the pitfalls that snarl some investors.

Retirement Planning

Where will your retirement money come from? If you’re like most people, qualified-retirement plans, Social Security, and personal savings and investments are expected to play a role.  IRS actuarial tables project that a husband and wife who are currently aged 65 have a joint life expectancy of 24.8 years. In addition, the erosion of purchasing power due to inflation and taxes are serious concerns. The need to maintain one’s lifestyle over an extended period of time emphasizes the importance of long term planning.  

Insurance Planning, Risk Management and Asset Protection

Insurance is meant to protect you from financially catastrophic and unpredictable events. Insurance transfers the financial risk of life's events to an insurance company.  Most insurance is sold, not bought and insurance companies own many of the tallest buildings in the largest cities for a reason.  We help clients understand 1) what type of insurance they should own 2) how much insurance they need and 3) how to get the best bang for their premium buck. 

Estate and Gift Planning

Effective estate management enables you to manage your affairs during your lifetime and control the distribution of your wealth after death. An effective estate strategy can spell out your healthcare wishes and ensure that they're carried out – even if you are unable to communicate. It can even designate someone to manage your financial affairs should you be unable to do so.  Also, estate taxes approaching levels of 49% and the fact that retirement plan assets can end up being taxed at levels of 70% or higher, drive a number estate planning decisions.

Income Tax Planning

Understanding tax strategies and managing your tax bill should be part of any sound financial approach. Some taxes can be deferred, and others can be managed through tax-efficient investing. With careful and consistent preparation, you may be able to manage the impact of taxes on your financial efforts.

Employee Benefits Planning

Many employers today offer a number of benefits and incentives to attract and maintain talented help.  Many government or corporate perks, incentives and plans can significantly impact your tax situation and overall wealth.  Understanding how these benefits work and how they can be optimized is key to getting the most out of your relationship with your employer.    

Education Planning

With the average cost to provide a four-year education at a private non-profit school exceeding $40,000 per year it is no small undertaking to send one child to college let alone two or three.  While planning ahead and saving is key there are strategies that can be employed when children are on the cusp of going off to school or during college years that can help ease the burden.   

Business Succession Planning

Many successful business owners have legitimate questions and concerns including the following:

     -  How can I treat my children fairly and divide the business ownership between those who are involved in the business and those who are not?

     -  How can I simultaneously retain control of my business and avoid losing up to 50% in estate taxes?

     -  How can I protect my business and other assets from law suits by customers, employees, suppliers or even disgruntled family members?

     -  How can I capture the optimum value of the business when it is time to step down, while assuring cash flow for myself?

     -  How can I accumulate business earnings sufficient to provide for liquidation while avoiding significant taxes?

There are a number of effective strategies for answering these questions. The key is to consider the costs and advantages of each strategy and determine those most appropriate. Sometimes, a combination of approaches works best.