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Our financial planning services are centered on your needs.
We provide our clients with customized financial planning services. As a KING client, our Certified Financial Planner™ professionals assess your current financial situation, help you define your goals, and work with you to develop and monitor a plan to meet them. Our investment management expertise allows us to allocate your investment funds into those securities and asset classes we think best meet your objectives.
Our financial planning services include:
Recommendation of the appropriate services required will be made based on your personal financial goals.
See our Financial Planning
Module Choices (below) for more details. Other specialized planning is available upon request.
Financial Planning Module Choices
Retirement Plan Analysis
A comprehensive financial analysis of the client’s retirement situation. Based on given assumptions, the plan includes detailed retirement income projections, sources of retirement income, value of investments, cash flow analysis, and a required minimum distribution schedule for IRAs. Solutions can be recommended if the analysis shows a deficit in the client’s ability to reach his or her retirement goals. Monte Carlo Probability Analysis is also provided to improve retirement plan accuracy.
Portfolio Review and Asset Allocation Recommendations
A detailed analysis of a client’s current investment allocation, segmented into separate asset classes, noting historical rates of return and standard deviations. A proposed asset allocation will be recommended based on the client’s goals, risk tolerance, current financial situation, investment time horizon, and input from the client and financial advisor.
College Education Planning Analysis
A determination of how much money the client should be saving in order to finance one or several college enrollments. Depending on the client’s current education investments and projected contributions, this plan calculates whether the total (or partial) expense of college can be met with the actions being taken today. If there is a shortfall, the analysis then determines the additional monthly, annual, or lump sum investments that are needed to fund the deficit.
Lump Sum Distribution and Stock Option Analysis
An analysis that reviews the options of rolling over a lump sum qualified plan distribution, such as pension, to an IRA or receiving a cash payout.A review of stock options and the proposed exercising of these options is recommended. Other information includes methods for taking tax-deferred distributions prior to age 59½ without penalty, how long an IRA will last if distributions are begun at a specified time, and required minimum distributions based on IRS-approved life-expectancy methods.
Statement of Net Worth and Current Cash Flow
A financial statement of the client’s current financial standing plus current income sources and expenditures. A detailed review of the client’s assets and liabilities, including security holdings, real estate, autos, jewelry, collectables, and other investments. Current expenditures are listed, and can be compared to projected expenses in retirement.
Life and Disability Insurance Analysis
A comprehensive analysis of an individual’s life insurance needs along with disability requirements including the years beyond normal retirement age. Current life and disability insurance coverage compared to insurance needs are reviewed. If shortfalls are identified in the analysis, recommendations on additional insurance amounts and type of coverage are made.
Estate and Trust Analysis
An evaluation of a client’s net worth and potential estate tax exposure. Analyzes an individual’s current and projected assets and liabilities during their lifetime. Provides recommendations in developing tax reduction strategies for clients and their heirs through gifting, trusts, and life insurance.
*The fee associated with the preparation and presentation of each plan module is not more than $500 per hour, plus expenses. Total fees will depend on the scope and complexity of services required, and will be disclosed in writing prior to the engagement of services. Financial planning fees are included as part of Wealth Management Services’ advisory fees for money management ($250,000 minimum). The financial plan does not offer legal or tax advice and should be reviewed by your legal and tax advisors before any action is taken. Please review the “Investment Counsel Agreement For Consulting Services” document for more information.
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