ASSOCIATION WEALTH MANAGMENT PLANNING
Associations are looking to increase membership … it is our experience that holistic wealth management ranks high on the list of members’ demand. Associations consider our financial education workshops and wealth management services to be a valuable component of the list of benefits they offer to their members.
FFG’s PLANNING PROCESS COMPONENTS
- Review of your Objectives and Risk/Reward Attitudes: Short term, medium range and long term goals as well as perceptions of risks and expected rewards
- Asset Structure: Review of current holdings, present value, cost basis, growth and expected purchases
- Liabilities: Present and anticipated debt obligations
- Income Tax Analysis: Projections for ten years, with review of personal tax returns for last two years
- Cash Flow Management: Projections for ten years, determine effective use of anticipated surplus, managing deficits
- Investment Review: Analysis and recommendations
- Insurance Review: Analysis and recommendations
- Employee Benefits: Review and recommendations co-ordinate with personal assets and spousal plans
- Disability Income: Analysis and recommendations ten year projections of taxes, cash flow and net worth
- Estate Distribution: Costs and taxation analysis methods of reducing probate costs and estate duties
- Capital Needs and Survivor Income Analysis: Analysis and recommendations
- Retirement Income: Analysis and recommendations inflation, qualified plans and increasing net cash flow
- Financial Organizer File: For all documents, policy records
- Income Tax Organizer File: Used each year to accumulate and store vital records to support tax returns
- Master Implementation Checklist: To monitor your financial progress and be aware of advisor performance
- Periodic Review Sessions: Verify progress evaluation of investments, benefit plans and document completion
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