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We will take the time in our initial meeting to discover if there is a good fit. Due to the customized level of service, and the long term commitment, we are unable to work with everybody.
We have found that our firm best meets the needs of individuals that want help with The 13 Wealth Management Issues.
13) Business Succession/Transfer Planning
Sell to Family, Business Partner, or Another Business
A business may be the largest asset for business owners. It is also probably something business owners care deeply about. In addition to personal retirement, lending, and insurance needs, businesses and/or employees may require similar financial services. All business owners need a succession plan, as well, to help gain liquidity and transfer ownership to another steward when the time is right.
7) Planning for Incapacity
Power of Attorney & Advanced Medical Directives
If an investor were to become incapacitated in some way, important health care and estate settlement decisions might be delayed by court proceedings – and perhaps result in an unanticipated outcome. Appointing an experienced, objective professional with power of attorney to make decisions and having written medical directives will help ensure an investor’s intentions are clearly defined. It may also help ease some of the stress for loved ones and others during difficult times.
Research indicates there are 13 wealth management issues that are critical to the financial well-being of all financially successful individuals and families. So by definition, a comprehensive wealth management plan is not complete until it considers all 13 issues. A disciplined three-step approach to addressing the 13 issues has been proven to help ensure wealth is managed holistically, effectively, and efficiently.
1) Identify the issues that have already been addressed or do not pertain.
2) Prioritize the issues that remain.
3) Take action regarding the issues that are most important.
KEYSTONE FINANCIAL STRATEGIES
"Solid Financial Advice"
Securities & Advisory Services Offered through:
American Independent Securities Group, LLC Member FINRA/SIPC
1036 East Iron Eagle Drive, Suite 105 Eagle, Idaho 83616
Keystone Financial Strategies is not affiliated with American Independent Securities Group, LLC
Keystone Financial Strategies does not offer tax advice.
© 2014 RBC Capital Markets, LLC. All rights reserved.
1) Investment Planning
Risk Analysis, Portfolio Construction, & Tax Planning
An investors’ ability to enjoy a comfortable lifestyle or achieve financial security may be strongly correlated to effective wealth building and preservation. So it may be practical for investors to seek professional assistance managing risks and to evaluate asset allocations. And investors who are compensated with stock — or have more than one brokerage account — may want help identifying, liquidating, and efficiently re-investing the proceeds from asset concentrations/duplications. Some investors may also benefit from expanding their diversification and risk management approach beyond “mainstream securities” (like stocks, bonds, cash and mutual funds) to include options, structured products, private equity, hedge funds and other alternative investments.
2) Retirement Planning
Proper Funding, Employee Benefits, & Distribution
Employer-sponsored retirement plans and IRAs are important tools to help prepare for — and fund — retirement. Investors need to double check that their assets are allocated efficiently and appropriately across these investment vehicles and that beneficiaries are all current. This may help ensure these tools are working hard and that there are no surprises someday for heirs.
3) Executive Compensation
Employer Granted Stock Options
Stock options may play a major role in compensation for executives. But navigating the complex Securities and Exchange Commission regulations that govern them can be challenging. Strategies to help gain liquidity from stock options and diversify these assets may be a top priority for these investors.
4) Risk Management & Insurance Planning
Proper Insurance Products to Protect Family Lifestyle
It takes hard work and careful investing to achieve financial success. With so much at stake, a comprehensive insurance plan can help investors protect their current assets and future holdings. Life insurance, long-term care insurance, and annuity products can be deployed in a variety of ways.
5) Banking & Credit Management
Debt Analysis & Credit Utilization
Many investors spend a lot of time and energy developing the assets side of their personal balance sheet. Managing the liabilities side is equally important. There are lots of great reasons to borrow money: home construction or real estate purchases, education expenses, business or other investment opportunities, and more. Investors who need fast, convenient access to cash may benefit from innovative credit and lending strategies that help keep assets working toward long-term goals instead of liquidating them.
6) Asset Titling & Beneficiary Designations
Avoid Probate & Ensure Proper Ownership
Titling of assets is a frequently overlooked step in a comprehensive estate plan. If not done properly, it can lead to tax and transfer issues for loved ones. Titling assets properly may help investors achieve desired results.
8) Executor & Trustee Selection
Proper Selection is Critical
The role of executor or trustee is complex, and the responsibilities are demanding. If something should
happen to an investor, family members may be neither prepared nor well suited to understand the chosen investment strategy and continue managing a portfolio. Having a named executor or trustee and successor trustee may help ensure investment decisions are consistent with identified goals. The price of a corporate trustee is family harmony.
9) Education & Family Support
College & Business Funding Options
Many financially successful investors want to help children or grandchildren pay for college expenses. Providing funding so the next generation can start their own businesses is another popular goal. There are many gifting strategies to help descendants today, while investors are able to provide encouragement, offer wisdom, and share in the joy.
11) Charitable Giving & Tax Planning
Identify Causes, Give Now or Later, Reduce Taxes
In addition to giving to heirs, investors may wish to support worthy causes in fulfilling their mission today.
To help live a life that matters to others, a variety of trust solutions are available to efficiently and effectively provide financial gifts to non-profit organizations.
10) Distribution of Estate
Estate Planning, Wills, Trusts, TOD, JTWROS, IRA's, etc.
Minimizing estate tax exposure is probably as important to investors as it is to heirs. Avoiding the publicity, time
and expense of probate is probably equally important to all parties. A variety of trust solutions are also available to accomplish estate planning goals.
12) Legacy Planning
What Do You Want Your Legacy to Be?
The legacy investors leave to family, and the contributions made to their community and the causes they believe in are also an important part of a life well lived. Investors who wish to be remembered publicly for their generosity can accomplish charitable goals with direct gifts, donor advisor funds, private foundations, and trusts.