Financial Planning

WHAT IS A FINANCIAL PLAN?

A FINANCIAL PLAN is a comprehensive Evaluation Of Your Current Financial Position (Point A) And Prioritizing Your Financial Goals (Point B). The Plan Acts As A Route Map (To-Do List).

What Is A Key To A Successful Financial Plan, You Ask?

Families Can Use A Team Of Guides (Professionals) To Help Launch And Execute Their Financial Plan By Helping Them Get From POINT A To POINT B (Checking Off To-Do List).

The Friedman Wong Kafetz Group Uses A Custom, Comprehensive Or Enhanced Approach To Financial Planning To Address Each Family's Financial Needs. Allow Our Experienced Team To Be A Part Of Your Journey To A Successful Retirement.

Steward Partners Global Advisory, LLC and The Friedman Wong Kafetz Group maintain a separate professional business relationship with, and our registered professionals offer securities through, Raymond James Financial Services, Inc., Member FINRA/SIPC. Investment advisory services offered through Steward Partners Investment Advisory, LLC.

FINANCIAL PLANNING SERVICES

 

CUSTOM

COMPREHENSIVE

ENHANCED

ASSETS & INVESTMENTS

  • Comprehensive review of existing investments including physical assets (e.g. real estate)
  • Risk assessment analysis of existing investments
  • Create customized investment solutions
  • Implement a time segment bucket system
  • Ensure investment assets reflect plan & goals
  • Ensure that solutions meet risk criteria
  • Comprehensive review of existing investments, including physical assets (e.g. real estate)
  • Track and advise on outside investments & 401(k)
  • Risk assessment analysis of existing investments
  • Create customized investment solutions
  • Implement a time segment bucket system
  • Ensure investment assets reflect plan & goals
  • Ensure that solutions meet risk criteria
  • Create or review a socially responsible investment (SRI) strategy
  • Ability to exclude specialty investment services (e.g. tobacco)

RISK MANAGEMENT

 

 

  • Investment portfolio risk assessment
  • Investment portfolio risk assessment
  • Life and long term care insurance analysis
  • Repurpose old insurance products for new needs
  • Fee and taxation review
  • Annual credit bureau report request
  • ILIT and trust reviews
  • Potential “blind spot” review

RETIREMENT

 

 

  • Identify goals & solutions to optimize goals
  • Customize investment solutions that match your retirement plan and goals
  • Implement the Maslow's Hierarchy of (Retirement Income) Needs
  • Identify goals & solutions to optimize goals
     
  • Customize investment solutions that match your retirement plan and goals
  • Implement the Maslow's Hierarchy of (Retirement Income) Needs
  • Retirement income needs analysis
  • Ongoing tracking and monitoring
  • Periodic Advisory Reviews (PAR) in-person/phone
  • Cash flow budgeting
  • Discuss multi-generational income needs (supporting adult child and/or elderly parents)

FAMILY & ESTATE PLANNING

 

 

  • Assist with execution of estate plan pertaining to investments and beneficiary designations
  • Assist with execution of estate plan pertaining to investments and beneficiary designations
  • Education planning (private school & college)
  • Review large purchases (e.g. home, car, etc.)
  • Discussion and review on purpose of estate plan
  • Establish new estate plan if one does not exist
  • Review of existing estate plan documents
  • Potential estate tax and liability analysis
  • Discussion & review with estate planning attorney
  • Introduction to an estate planning attorney (if necessary)
  • Out of office strategy and planning meeting with estate planning attorney
  • Discussion with primary executor of estate

TAX*

 

 

  • Incorporate tax status with investment strategy
  • Review realized gain/loss
  • Tax loss harvesting
  • Review of past two years of tax returns
  • In-depth discussion with CPA
  • Unique review with CPA of possible tax filing status to minimize taxes
  • Incorporate tax status with investment strategy
  • Review realized gain/loss
  • Tax loss harvesting
  • Estate and gifting strategies
  • Retirement savings to minimize taxation
  • Introduction to a CPA (if necessary)
  • Out of office strategy and planning meeting with your CPA

OTHERS

 

 

 
  • Comprehensive financial plan
  • 12 months of service designed to implement plan
  • Comprehensive family record organizer (documents and instructions for executor)

Standard of Care Checklist

Standard Of Care Checklist

Financial Planning Services Form

Document Checklist

*Raymond James financial advisors do not provide tax advice. You should discuss any tax or legal matters with the appropriate professional.