Financial Planning

At Colonial Wealth Management, the financial planning process is at the core of every recommendation, strategy and decision made to benefit our clients. The financial planning process allows our clients and their advisors to determine objectives and develop a unique plan designed to meet specific goals and milestones along the way. Whether you’re seeking a plan to help build wealth, preserve assets or better manage your risk, our comprehensive process serves as a guide to help you pursue what matters most to you and your family.

• Our process is comprehensive, seeking to balance your needs for risk management, income and investment returns, tax management, retirement planning and estate planning
  
  
• We draw on deep experience, education and knowledge to craft holistic solutions to your life planning needs
  
  
• Our mission is to preserve and build our clients’ financial security and prosperity through an alliance of comprehensive financial planning and disciplined asset management
  
  
• We aspire to unsurpassed levels of client service and the highest standards of professional ethics and integrity

Our comprehensive five step planning process entails:

1. Discovery	Understanding client's personal, professional and financial life goals
2. Analysis	Evaluating current financial strategies and determining their contribution to the overall objective
3. Recommendations	Communicating specific planning strategies to accomplish goals
4. Implementation	Executing on the financial methodologies employed to construct the plan
5. Monitoring	Ongoing review of employed strategies and continued assessment of objectives

 

Financial Planning Services

Our goal is to deliver customized services that address your unique, comprehensive financial needs. To accomplish this, we incorporate a total wealth management approach that may include:

• Cash Flow Analysis
  Our goal is to deliver customized services that address your unique, comprehensive financial needs. To accomplish this, we incorporate a total wealth management approach that may include:
  
   
• Cash Flow Analysis
  Colonial Wealth Management will analyze your current income and expenses and recommend specific courses of action to facilitate the funding of your various financial goals and objectives.
  
   
• Investment and Portfolio Analysis
  Colonial Wealth Management will evaluate your investment goals, concerns, risk profile and current portfolio, and determine the potential of your current investment strategy to meet your goals. Colonial Wealth Management will prepare an asset allocation analysis and create a strategy consistent with your risk tolerance and incorporate the parameters and constraints that govern the management of your portfolio. We will coordinate the implementation of your investment portfolio.
  
   
• Insurance Needs and Policy Analysis
  Colonial Wealth Management will evaluate your insurance needs, including life, disability and long-term care, and will analyze the adequacy of your current insurance coverage. We will provide recommendations to help ensure your insurance program minimizes the financial risk to your assets and indemnifies you for insurable losses. With respect to life insurance, Colonial Wealth Management will determine the dollar amount and type of insurance policy needed to meet your goals and coordinate your life insurance policy needs with your estate planning needs.
  
   
• Financial Independence Analysis
  Colonial Wealth Management will determine, based upon currently available data and assumptions, the savings and investments necessary to help you pursue your financial independence goals. Colonial Wealth Management will also analyze the sensitivity of your goals to inflation and expected rates of return, and assist with the coordination of your savings plan, asset allocation and investment strategy.
  
   
• Executive Benefit and Retirement Analysis
  Colonial Wealth Management will analyze savings plans, stock options, restrictive stock agreements, retirement plans, payout alternatives and payout timing choices to develop strategies that could potentially minimize tax consequences and maximize your economic benefit. We will coordinate your employee benefits with your overall asset allocation and financial goals.
   
• Education Funding Analysis
  Colonial Wealth Management will use educational funding data to determine the amount and timing of savings required to fund private school, college and/or graduate school tuition and fees, including room and board for your family members.
  
   
• Income Tax Review
  Colonial Wealth Management will review recent income tax returns and project future income tax liabilities and help make recommendations to minimize your tax liability. In addition, we will provide investment portfolio tax harvesting to reduce capital gain and dividend taxes. Colonial Wealth Management will coordinate with your asset allocation and investment strategies to make recommendations to minimize your tax liabilities. We do not provide tax advice. Please consult a tax advisor.
  
   
• Estate Plan Analysis
  Colonial Wealth Management will analyze your current estate planning documents and make recommendations to help you minimize your estate tax liability, identify if you’re using your exemption amount and avoiding the probate process, as well as determining whether your estate planning documents are consistent with your current intentions. After reviewing the estate planning recommendations, should changes be needed, we will coordinate with your estate planning attorney. The plan may involve the implementation of wills, revocable living trusts, irrevocable life insurance trusts, family limited partnerships, durable powers of attorney, healthcare powers of attorney and other estate planning techniques necessary to meet your objectives. Colonial Wealth Management will assist your estate planning attorney to properly title your assets and designate beneficiaries so you may benefit from current estate tax law to potentially minimize your estate tax liability and pass the maximum asset value to your heirs. Estate planning services do not constitute legal advice.

As an independent financial advisory firm, we are compensated on a fee basis, not commissions. Our sole interest is acting in your best interest by providing objective and unbiased advice and guidance.

Fee Calculation*

• 1/4 of 1% of total family assets
• Minimum annual fee - $5,000
• Maximum annual fee - $20,000

* This calculation is not based on assets under management or net worth. The amount of the total assets can be somewhat subjective and is calculated on the assets and/or liabilities advised upon.

 

Frequency

• 100% of the projected fee will be invoiced upon signature of our financial planning agreement
• The annual wealth planning fee will be invoiced upon each client anniversary