Like Us on Facebook| LFA Value Propositions – Initial Year | |
| Financial Advisor Opportunities Covered | Value to Your Overall Financial Success |
| Client Set-Up /Diagnostics | Once you “sign on” as clients, we will help you gather and provide us with the information needed to make the client/advisor relationship effective and efficient. |
| Client Score Card | Effective as an initial meeting, we conduct a broad review and evaluation of all aspects of your unique financial situation. Immediate recommendations are given and the scope/priorities of future sessions are set. |
| Cash Management | “Cash is King”. We review your cash flow dynamics; i.e. earnings, saving, spending and debt levels are critical factors affecting the ability to meet your ultimate goals. |
| Goal Setting | One of the most important sessions as it defines the parameters for a successful relationship. Various exercises are used to facilitate articulation and prioritization of your short, medium and long term goals. |
| Financial Independence “Quantification of Goals” |
“Being Financially Independent” is an often quoted goal, by many of our clients. We will help you assess the financial implications of your goals, align them to your financial positions, decide on priorities and agree on a plan to implement. |
| Risk Management | You continually are faced with risks or uncertainties which could impede the attainment of your goals. We will help you identify your specific risks, evaluate their implications and recommend strategies to eliminate or at least mitigate their impact. A comprehensive review of insurance needs is a key component of this assessment. |
| Investment Strategy / Implementation |
We will develop an investment strategy tailored to your unique situation ensuring it is aligned to your goals and within your specific tolerance for risk. Once authorized, we will help you implement the strategy in the most tax efficient way. |
| Tax Management | “It’s not what you make, but what you keep, that counts”. As CPA’s, we use our expertise to recommend strategies and their impact to legally minimize your tax burden as well as prepare and/or amend your tax returns as requested. |
| Estate Planning | Handing down a “legacy” to your loved ones is a very personal matter and of great importance to our clients. Whether it’s financial assets, personal effects, medical directives or ethical values, we will help you devise a plan and ensure your wishes are carried out. |
| Executive Compensation & Specialized Benefits |
Provides understanding of specialized employee benefit plans and how to make the best use of them. |
| Business Planning | There are many financial and tax implications associated with owning a business. We help our small business clients understand and put in place, strategies specific to their venture. Across the business cycle; from effective business formation through tax efficient operations and ultimately maximizing value at disposition. |
| Specialized Client Situations |
Discuss & Address (as needed), Retirement, College, Marital Change, Real Estate, Monetary Settlement, Eldercare. |
| LFA Value Propositions – Renewal Year | |
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Financial Advisory Opportunities Covered |
Value to Your Overall Financial Success |
| As a General Rule | Each session we will consider your goals and their implications to your taxes, investments and estate planning. |
| Tax Management | We start the year by preparing your current year taxes and prepare projections as needed to ensure estimated taxes are paid timely. Tax planning strategies are discussed throughout the year with a check point before year’s end to ensure implementation. |
| Investment Strategy /Implementation | We will confirm your investment strategy is still appropriate given your personal goals and rebalance your portfolio to ensure consistency. |
| Cash Management | Keeping your cash management habits in line with your current financial situation is an important factor in wealth accumulation. We will help you stay on track, adjusting as needed. |
| Risk Management /Estate Planning | Staying vigilant over the implementation of critical risk management and estate planning strategies will help to minimize unplanned surprises. We will coordinate with third party professionals such as insurance agents and estate attorneys to make the implementation as smooth as possible. |
| “Ad Hoc” Life Transitions |
Unfortunately many life transitions cannot be planned and they could have a significant impact on the ability to achieve your goals.
Employment Transitions: job change, promotion, loss of job, education/retraining, buy/sell/close/transfer business, gain/lose business partner, sabbatical/leave, retire. Financial Transitions: buy/sell home, buy vacation home/timeshare, re-evaluate investment philosophy, debt concerns, consider investment opportunity, receive inheritance or financial windfall. Family Transitions: change in marital status, start family, childcare expenses (hire childcare, special needs (ie; orthodontics, extra activities), education (inc. private school, college, tutoring), child marries, family event (Bar Mitzvah, trip), grandchildren, parent care, long-term care for parent/spouse/self, death of family member. Legacy Transitions: increase benevolence planning/charitable giving, give special financial gifts to children (annual gifting, down payment for home), give parental pension (monthly stipend for parent), develop/change an estate plan, develop end of life plan (funeral expenses, living will). |
