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The Family Firm provides you with complete and continuous wealth management services, including:
In-Depth Analysis. Our service includes an in-depth analysis and assessment of your needs and circumstances. Before we make any recommendations that may have a long-lasting impact on your financial future, The Family Firm asks you some key questions — and we listen carefully. About your goals for the future, your current financial picture, your worries, your resources and your obligations. Our in-depth analysis covers relevant financial areas, including:
- Investments
- Cash Flow
- Taxes
- Estate Transfer
- Risk Management (Insurance, etc.)
- Retirement
- Related areas such as education planning, charitable gifting, elder care, succession planning, etc.
A Customized Financial Model. Based on information about your finances, holdings, and plans, we construct a financial model that is unique to you. An integrated approach delivers clear guidance on questions such as:
- how much should I give to heirs now;
- what is the tax or cash flow impact of owning this rental property; or
- what rate of return or level of savings is required so that I do not outlive my resources.
- This model is updated periodically and serves as a reference for all advisory work on your behalf.
A Personal Prescription (Rx) for You.
As it is said: "the devil is in the details". The result of our analysis and discussions is a plan that we then proceed to implement. Our implementation efforts include:
- Execute and monitor the investment plan.
- Coordinate with your other advisors (e.g. send tax information to your CPA, attend meetings with estate planning professionals, update financial statements for your bank, etc.)
- Communicate with key players in your company (personnel, benefits, personal assistant, etc.)
- Complete the paperwork required for agreed upon changes (insurance applications, investment accounts, etc.)
- Make required periodic transfers (minimum required IRA distributions, charitable contributions, trust distributions, IRA contributions, etc.)
- Quarterly reporting on our investment and financial management activities on your behalf.
Annual "Board" Meeting.
This meeting is an opportunity to assess goals and progress. Are financial resources adequate for the long-term? How are the investments doing? Are your stated goals still relevant? What’s planned personally, for the family? What has changed in the economic landscape that you should be concerned about? These discussions are typically rich, relevant and useful to clients. They form the basis for a new Rx for the coming year.
Tax Review and Planning.
During the year we assist with tax planning and review of prepared filings for opportunities. We do not prepare taxes or replace the services of your CPA or tax advisor.
Continuous Investment Management.
Our continuous investment management includes:
- Implementation of the investment plan
- Daily tracking of investments.
- Monthly asset allocation, tax management, security research and trade execution.
- Quarterly consolidated reporting on all investments.
- Annual tax planning review and reporting to CPA.
- Economic and market research.
- Review and recommendation of alternative investments as appropriate.
- Access to quarterly firm-wide client conference calls discussing current economic and investment conditions.
Because The Family Firm is Fee-Only™ and earns no commissions from any products or services we recommend, our focus is what’s best for you alone. More about Fee-Only™ firms.
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