Those who have a documented plan, know where everything is and have addressed the key risks that could derail their finances may fare far better than those who have not taken the holistic approach. While we can offer a la carte services like tax preparation, we do recommend that we work together on your comprehensive, customized financial plan using our proprietary Wealth Empowerment Program.
What We Do
NetWorth Financial Services
Whether you are still working in the “accumulation phase” of saving money, starting to contemplate the transition to retirement (the “distribution phase”) or seek a comprehensive approach to managing all aspects of your financial life, we can help you with strategies for all ages. The Wealth Empowerment Program is not a one-size-fits-all approach to financial planning. Rather, our program focuses on five specific categories and subcategories that will provide us with the framework for the strategy that will best fit your specific needs.
The five major categories we address are:
- Asset Protection
- Income Protection
- Debt Management
- Investment Planning
- Estate Planning
Independent | Fee Based | Comprehensive | Strategies For All Ages
The Wealth Empowerment Program
While the Wealth Empowerment Program is quite extensive, we employ a simple process-driven approach to addressing these key areas and subcategories. Considerations might include: life insurance, leveraging debt, tax efficient income and various strategies to leave a legacy. Our goal is to develop a plan and the plan will dictate how we approach your specific strategies, which might include comprehensive financial planning, retirement income planning, risk management strategies like long term care and life insurance, investment management, estate planning and tax planning & preparation. In order to help you, we track and document your progress on your very own private section of the financial website called eMoney as you work towards your personal financial goals.
Preservation
Asset Protection
- Life insurance review and philosophy
- Medical coverage
- Long-term care coverage or self-insure
- Property/Casualty review
- Personal or professional liability coverage
Protection
Disability & Income
- Income and lifestyle needs, now and in the future
- Evaluate all current and future income sources
- Identify potential income sources
- Review employer sponsored benefits
- Assess possibility of changes
Leverage
Debt Management
- Philosophy on debt, savings and credit
- Debt level relative to wealth management objectives
- Leveraging debt
- Debt reduction strategies
Accumulation
Investment Planning
- Develop an investment policy statement
- Develop mechanics for management of your portfolio
- Evaluate what “success” looks like relative to goals and objectives
- Tax Planning
Distribution
Estate Planning
- What is your philosophy on wealth transfer
- Develop and articulate a charitable mission statement
- Develop a plan of incapacitation, elder care issues and final planning needs
Getting Started:
How the Process Works
Getting started is easy with Phase I—discovery. We start by uncovering your most heart-felt goals and desires for yourself and your family, followed by Phase II the creation of a customized strategy just for you. From there we meet and refine your strategy, then move forward to implement. Throughout the year we monitor & adjust, meeting annually to formally review. In fact, the process of working together is circular and designed to last throughout your lifetime as your family goes through marriages, births, deaths and other life events that require a change of plan.
Services From:
NetWorth Financial Services
Financial Planning & Strategy
Hope is not a strategy. Let us help you put together a comprehensive financial plan and strategy for your financial future!
- Custom personalized “road maps” for short-term, mid-term and long-term life goals, including retirement
- Strategies for all ages
- Fee-based strategies to offer flexibility
- Goal-based strategies to protect and transfer wealth
- Strategies focused on maximizing your retirement income
Investment & Risk Management
We offer a variety of fee-based investment and risk management strategies to help you grow—and protect—your wealth. As part of our comprehensive approach, we also consider how we can help reduce mortality risk and longevity risk, using life insurance, long term care insurance and annuities.
We believe identifying and managing the “what-if’s” in life increases your likelihood of long-term financial success. We also place emphasis on portfolio construction to help both manage volatility and enhance return potential.
- Privately managed money
- Mutual funds, stocks, bonds, ETF’s and alternative investments
- Focus on diversification across asset class, product type, and tax advantaged strategies
- Retirement income strategies with the goal of providing a lifetime of income
Tax Management & Planning
For many investors tax planning is often done retroactively. Our goal is to find proactive ways to help you save money on taxes. Integrating tax planning, tax preparation, and investment management can offer a comprehensive approach to help manage the negative consequences of taxes and uncover hidden opportunities that might have been overlooked.
We offer tax planning and preparation not only to our existing investment management clients but to the general public as a valuable tool and service to maximize your income and investment potential.
- Proactive tax planning and preparation
- Integrated with investment strategies
- Limit negative tax consequences
- Uncover hidden opportunities
Explore the Many Aspects of NetWorth Financial Services
Contact Us:
Schedule a Complimentary Meeting
We would love to meet with you to discuss your financial situation and your retirement. We invite you to contact us, give us a call at (678) 319-0111 or fill out this form and we will reach out to you as soon as possible. We look forward to meeting you.
