Financial Planning

You’ve worked hard to accumulate your wealth – now you need a comprehensive, customized plan to help your wealth work for you. Because wisely managing your finances is so vital to meeting your current and lifetime goals, establishing a comprehensive wealth management plan is one of the most important things you can do for your financial well-being. Your financial advisor will guide you through the complex issues involved in creating a personalized and flexible plan designed to help make your goals a reality.
"A Financial Plan is Your Guide to Your Future."
Depending on your unique situation and objectives, your plan might include:
  • Cash Management— Understanding your outflows is important so you can make any adjustments necessary to attain your long-term goals. 

  • Retirement Planning— This entails an accumulation phase and a distribution phase. Each requires a different strategy and your financial advisor will help you with both important components. Of the various ways to invest for retirement, many offer tax advantages that may enable your assets to grow more quickly. 

  • Investment Planning— A multitude of investment options exist – from money market accounts, treasury securities, fixed and variable annuities to individual stocks, bonds, mutual funds, exchange-traded funds and a wide array of alternative investments. Determining which vehicles are right for you depends on numerous factors, including age, financial situation, risk tolerance and goals. 

  • Funding a College Education— The cost of a college education has soared. What you set aside today for children or grandchildren can make college tuition more affordable in the future. There are many ways to save and invest for college, including options that offer attractive tax savings. 

  • Insurance Planning— Insurance is fundamental to your financial security. Life carries risks, but you can safeguard your family and assets by being effectively protected. Depending on your situation, this may include coverage for life, health, disability and long-term care insurance, to name a few. 

  • Risk Management— While financial markets offer excellent opportunities for investment growth, they do involve risk. One way to help reduce risk is through asset allocation. This involves determining what percentage of your assets to place into different investment vehicles and constructing your portfolio with the optimal blend of asset classes and investment styles across different markets and geographic regions. The allocation is monitored and re-balanced as needed. 

  • Estate Planning— To help protect your estate for your loved ones and charities, your comprehensive planning should include an estate plan. Among its many benefits, an estate plan can help you: ensure your assets are distributed according to your wishes upon your death; avoid the delay and cost of probate; and reduce inheritance and estate taxes. Your estate plan should also include a will, durable financial power of attorney, living will, medical power of attorney and perhaps trusts.

  • Tax Planning—Effective tax management may reduce, delay or prevent the impact of income, estate and other taxes on your savings and investments. Your financial plan will incorporate strategies for essential facets of tax planning.

Asset allocation does not guarantee a profit or protect against losses. 

Contact Us

25825 Science Park Drive, #110 Cleveland, OH 44122

Tel: (216) 910-1850

Fax: (216) 910-1899

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