VALUE-ADDED SERVICES

Employer-Sponsored Benefits Review

Your financial wellness is an important part of financial planning. As part of the value-added services we provide to our clients, we review the employee benefits offered by your employer. We believe this improves employee well-being, helps you feel empowered instead of stressed, and allows you to better utilize your employer-sponsored benefits.

Risk and Exposure Management

As you age, you will enter a variety of different stages. These stages include building your career, family, home, and lifestyle, where a greater amount of protection may be needed at different stages. At each stage, your risk and insurance needs will change. As part of our value-added services, we help you assess your risk exposure and determine a plan for mitigating these risks. Learn more about risk exposure management and insurance needs at every stage of your life with our life events timeline.

Mortgage and Debt Planning

Financial advisors are experienced at helping you get your financial life in order. As part of the value-added services we provide to our clients, we help with debt planning. This includes activities like negotiating leases, a payment schedule for unsecured debt, and more benign debt considerations like getting a mortgage.

We can identify existing and potential problems by mapping out your cash flow. Likewise, analyzing and restructuring your debt allows us to consider any beneficial options available to you. Each situation is different, and a financial advisor will be able to help you create a long-term plan.

Family Strategy Meetings

Having “family money talks” isn’t always easy, but these conversations are critical in conveying your desires. During these talks, we can express your desires to transfer wealth, explain philanthropic ventures, discuss care needs, and give family members a voice in the process.

As part of the value-added services we provide to our clients, we coach your children and other loved ones on managing their finances, and we support them through a variety of activities that are required after your death.

Executive Benefits and Compensation Review

Executive compensation focuses on both cash and non-cash approaches. Helping business owners manage executive compensation and retirement plan management are some of the value-added services we offer. The size and structure of the business can significantly influence your compensation systems. Large businesses tend to provide owners with sophisticated and sometimes complex compensation formulas. Small businesses tend to adopt a more straightforward compensation approach. Examples of compensation may include insurance benefits, qualified retirement plans, stock options, personal performance initiatives, and other tax-advantaged, nonqualified plans.

Retirement Plan Management

Retirement plan Management is a specialized area of practice that requires a servicing professional with an in-depth understanding and knowledge of requirements and any unique challenges that may arise. We can help you avoid liabilities and stay on track with your fiduciary responsibilities. We can also help you take control of your employee’s financial wellness. We offer executives and staff the approaches and strategies designed for a broad range of needs and product choices to implement these strategies.

Risk Management

Starting and running a business carries its own set of risk exposures. One of the value-added services we offer is business risk management. Risk management identifies your options for handling these risks, such as:

• The type of business entity you choose
• The state you choose to do business in
• How you manage your business
• Your human capital and resources
• Your tax burden
• Insurance for protecting your business

Risk management is intended to minimize financial and other losses to your business that are potentially associated with these risks. Managing that exposure is key to growing a healthy business.

Exit Planning

All owners will exit their businesses at some point, and mapping out what a smooth exit looks like is important. Another one of the value-added services we offer business owners is exit and succession planning. Through this, we focus on issues specific to business owners and shareholders, including supporting your retirement and your family’s future. It coordinates the management of your entire business lifecycle through:

• Risk management
• Distributions to the owners
• Succession planning

Succession Planning

Succession plans focus on the transition of a business from an existing owner to a new owner. Although key factors vary extensively with business type and industry, some factors are common to all business transitions, including creating a sellable business and formulating specific transition mechanics at the time of sale. Additional succession planning issues include positioning a business for sale, determining valuation and terms, grooming senior management, and creating strategic alliances.