Each stage of your life will present both financial challenges and opportunities. The key is to identify your needs, objectives and resources – and understand what to expect, so you can be prepared.
Live Your Life Today.
Grow your income, manage your expenses, invest strategically, plan thoroughly, review and update consistently, spend wisely, and keep the future in mind.
We look at:
Family and beneficiary discussions, estates are established, loved ones are cared for, passionate philanthropy is executed.
We look at:
Start With a Plan. To lay the foundation for your financial future, you’ll need to balance your priorities and create a plan. The earlier you start, the better your chance of building a solid financial foundation that can grow with you and simultaneously support your near-term needs and long-term goals.
First, a candid conversation. Your advisor will gain an understanding of your personal goals, financial situation, investment experience, and risk tolerance. In turn, they will discuss the capabilities and services they suggest to help you meet your objectives.
Next, analyze your information to design your plan. When appropriate, your advisor can also work with your CPA, attorney, and other professionals to help address all aspects of your financial and estate planning. Then, he or she will make recommendations, answer your questions, consider alternatives, and outline the steps it will take to put your plan in motion.
Financial planning is an ongoing process that requires periodic review. Your advisor will monitor the progress of your plan relative to your goals. If it becomes necessary to adjust components of your plan in light of changing circumstances and evolving objectives, you’ll make decisions and adjustments together.
Accumulate Assets. With your SignatureLife plan in place, you can focus on accumulating assets to support yourself, your family, your career, and your future. Over time, small but disciplined contributions to an investment account can help you establish a lifetime habit of saving and meeting your goals.
Invest. As a general rule, the longer you have to invest, the greater the risk exposure you may be willing to take. For example, someone just starting out may have a longer time horizon and can use the power of compounding effectively to help accumulate significant wealth through regular, disciplined investing. Conversely, for someone approaching retirement, less risky investments are often the preferred choice due to having less time to recover from market downturns. To help mitigate volatility within your portfolio, your advisor can develop a diversified asset allocation strategy designed to pursue your goals yet reflect your tolerance for risk.
Expect The Unexpected. Sometimes, life throws you curveballs. Your advisor can help protect you from the unexpected by seeing that you have the appropriate insurance where needed, such as renter/homeowner, health, life, and disability policies.
Our unique approach puts you at the center of your financial story.
Spend Wisely. You will find that in order to achieve your goals and make the best use of your resources, you should manage both your spending and the preservation of your assets. You will want to stick to a sustainable spending policy that differentiates your needs from your wants and is designed to make your money last.
Conserve. Many investors, particularly retirees, invest primarily to achieve a steady income that can keep up with, or exceed cost-of-living increases. Equity investments designed for this objective may help people on fixed incomes obtain potentially steady cash flow via dividends while striving to offset inflation.
However, stocks tend to fluctuate in value and often pose more risk than most retirees care to take. That’s why investments that help provide steady and reliable income streams, such as fixed income or annuities, often serve as a foundation for well-diversified income portfolios.
Transfer Wealth and Leave a Legacy.
Financial planning helps prepare you for all of life’s stages, including the decisions you make about passing assets to your family members and charitable causes. A well-designed estate plan can help ensure that your affairs will be handled in the manner you prefer, by the person of your choice.
Estate planning strategies have changed over time. No longer is it simply a matter of distributing your assets through a will. Direct transfers to beneficiaries, revocable living trusts, insurance policies, durable powers of attorney, and living wills are all instruments to help provide a more orderly distribution of your estate to your heirs.
Your advisor can collaborate with your tax and legal advisors to develop a coordinated strategy that outlines to whom, where, and how you want your assets distributed.
We understand that navigating the financial landscape can be overwhelming, as it’s constantly evolving, so our advisors offer a no obligation, complimentary consult.