Financial Planning & Wealth Management Services

Success in building, preserving or transferring wealth, like any other complex pursuit, is greatly improved by having a well thought out plan and a disciplined approach to following it.

If you wanted to drive from New York to Los Angeles, would you just jump in the car and drive west? Surely, that would not be the most efficient way? You would consult a map and have a plan.

To properly manage your investment portfolio and your wealth as a whole, we believe that, among other things, your resources, tax issues, goals, lifestyle, and family commitments must be considered. Changes in tax law must be examined to preserve and transfer wealth efficiently. This is what comprehensive financial planning is all about and a certified financial planner™ or CFP® can help every step of the way.

Broad Reach Wealth Management views comprehensive financial planning and its integration with investment management as an essential part of financial success. It is an ongoing process and a service that we continually provide to each client. A Certified Financial Planner™ (CFP®) is uniquely qualified to provide these specialized services.

Our comprehensive financial planning services include:

  • Complete a thorough cash flow analysis, which is important for many reasons, and serves as a foundation for all of our financial planning projections and tax, investment, retirement, risk management and estate planning recommendations.
  • Analyze all tax issues and develop an efficient plan to deal with income, capital gains, gift and estate taxes.
  • Run complex retirement planning projections.
  • Determine the returns you will need from your investment portfolio to accomplish your financial planning goals and develop an asset allocation strategy to minimize the risk taken.
  • Analyze, update or design estate plans.
  • Design retirement plans.
  • Develop strategies for exercising stock options.
  • Pension maximization strategies.
  • Develop funding strategies for education needs.
  • Develop charitable gifting strategies.
  • Advise on business succession planning, buy sell agreements and key man insurance for business owners.

This process allows our financial planner to help you with questions like:

  • When can I retire comfortably?
  • What do I need to do to retire at a certain age and live the same lifestyle I live now?
  • How much can I withdraw annually from my investment portfolio in retirement without running out of money?
  • How is my investment real estate performing? Should I continue to rent out or should I sell?
  • Am I using debt wisely?
  • How do I minimize taxes?
  • How should I handle education costs for children or grandchildren?
  • Can I afford a second home? How should I pay for it?
  • Should I exercise stock options?
  • How should I manage my assets?
  • How do I transfer wealth after I die to my heirs in the most efficient manner?
  • Should I be gifting to my children now to reduce the size of my estate?
  • Do I have the means to make a sizable charitable gift and how should the gift be structured?
  • Is my family adequately protected if I die?
  • Can I live the same lifestyle I live now if I become disabled?
  • Should I take my pension as a lump sum or should I elect one of the other payout options?
  • How should I structure my business?
  • How do I handle the sale of my business now that I am retiring?
  • Can I afford to take care of my aging parent? How should I be prepared to handle my own care should I need it?

For services that require expertise outside the scope of a Registered Investment Advisor (RIA) or Certified Financial Planner™ (CFP®), Broad Reach Wealth Management has a network of professionals and service providers that are experts in highly specialized disciplines. We have the ability to consult with or refer a client to one of these specialists for assistance if needed. Our goal is to provide each and every client with the best advice available.