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Comprehensive Planning Our
comprehensive planning provides financial planning advisory services to
a clientele comprised primarily of owners of closely held businesses,
senior corporate executives, and professionals. Planning is focused on
specific areas and based on each client’s individual financial situation
and personal objectives. The degree of detail and sophistication of the
financial planning services varies according to the individual client’s
circumstances. Each client is provided with a written summary of the work
undertaken. The specific areas covered include one or more of the following:
Estate Planning: This includes advice with respect to
property ownership, distribution strategies, estate tax reduction, and
tax payment techniques. It involves a discussion of gifting, trusts, wills,
etc., and the disposition of business interests. Tax consequences and
their implications are identified and evaluated.
Retirement Planning: This involves advice with respect
to alternatives and techniques for accumulating wealth for retirement
income or advice relative to appropriate allocation and distribution of
assets following retirement. Tax consequences and their implications are
identified and evaluated.
Investment Planning: This involves advice with respect
to asset allocation and investment income accumulation techniques. Evaluations
are made of existing investments in terms of their economic and tax consequences
as well as their suitability for meeting client objectives. Tax consequences
and their implications are identified and evaluated.
Business Succession Planning: This involves advice with
respect to alternatives and strategies that deal with the continuity or
disposition of the business upon the business owner’s retirement,
death, disability, or decision to sell. Tax consequences and their implications
are identified and evaluated.
Fees charged are based on the specific planning services to be provided
to the client, the client’s income and net worth, and the complexity
of the client’s situation and goals. A fixed fee is specified within
the financial planning contract. However, because situations affecting
the planning process may change, fees may be re-negotiated and adjusted
with the client’s consent. The client may terminate the contract
without penalty within five (5) business days after the effective date.
In addition, representatives may provide financial planning services on
a consultative basis, with an hourly charge.
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