Financial Planning Considerations
WEALTHSPIRE® FINANCIAL PLANNING PROCESS
Advice as unique as the individual.
Our planning process is grounded in the belief that advice and service should be as unique as the individual. Each financial plan is tailored to the client’s specific circumstances taking into account their cash flow, investment objective, personal goals, and other factors.
Income, Saving & Spending Considerations
Understanding exactly what you make, save, and spend requires close attention and thoughtful investigation. Answering questions on your income and expenses, and how they may change over the years, paired with the financial goals you’d like to achieve and what you want retirement to look like is essential to creating a financial plan that will work for you.
Wealthspire helps you identify your goals and increase your odds of reaching them by:
Following simple guidelines and best practices
Delivering sophisticated cash flow analysis
Providing prudent investment management that aligns with your needs and risk tolerance
Tax Planning & Tax-Efficient Strategies
Tax management is a vital component of smart financial planning. Depending on your specific needs and desires, we will work closely with you and your accountant to optimize tax efficiency in the following areas:
Investing: selecting tax-efficient investments, focusing on asset location and employing tax-loss harvesting.
Retirement Planning: evaluating available retirement plans, contribution limits, and conversion possibilities
Charitable Giving: creating strategies that benefit your favorite charities while also reducing your tax burden
Estate Planning: designing a strategy to transfer maximum wealth to your loved ones
Optimizing Asset Allocation
Asset allocation is the primary lever in controlling the risk and return of your portfolio. We categorize investments in four broad asset classes that we believe are essential for a diversified portfolio: equities, fixed income, alternative investments, and cash. Once we have identified your goals and risk tolerance, we can determine which mix is right for you.
Risk Management
Whether you need new coverage or already have policies in place, we help you evaluate how well your insurance aligns with your overall financial goals. Our team conducts a thorough review of your existing coverage to identify any gaps, overlaps, or opportunities to improve protection, ensuring you have the right amount of coverage at a fair cost. Because we do not sell insurance or accept referral fees, our recommendations are completely objective and focused solely on your best interests.
Trusts & Estates
Our dedicated Wealth Strategy team works closely with your advisors to integrate estate planning into your comprehensive financial plan. We provide guidance and strategies to help:
Reduce your taxable estate through effective wealth transfer planning
Protect assets from potential creditors or third-party claims
Navigate all aspects of trust administration
Incorporate charitable giving strategies that align with your values and legacy goals
Plan for and support family members with special needs
