Financial Planning Overview
A financial plan is not simply related to insurance or investments, but a coordinated review of all aspects of a person's financial affairs. A complete financial plan includes a review and analysis of the following:
• Analysis of assets, liabilities and cash flow
• Investment portfolio review
• Income tax analysis
• Retirement plan review/Business Succession
• Insurance review
• Estate Plan analysis
We never lose sight of the fact that it is your money and your objectives that are important. We strive to get to know you and understand your needs, risk tolerances and long term goals for your assets and your family. We gather and analyze data on the above components of you financial situation. Computer software allows us to test possible outcomes and develop probabilities of success of reaching your goals using various strategies. Our advice is objective and unbiased. Our goal is to provide solutions to your needs to assure that you achieve your financial objectives.
Investment advice is an integral part of financial planning. In addition, Keystone advises clients regarding cash flow, college planning, retirement planning, tax planning and estate planning.
A comprehensive plan assures that the various components of wealth are operating in a coordinated effort to achieve your goals and objectives. A comprehensive plan will give you a clear picture of where you are, where you want to be and what you need to do to get there. A comprehensive financial plan will coordinate your investments with your tax situation to achieve maximum after tax return. Retirement savings and education savings strategies will utilize the correct investment plan to achieve your goals and objectives while taking advantage of available tax benefits. Insurance planning will protect your assets and work in conjunction with your estate plan. A complete estate plan provides peace of mind in addition to minimizing taxes.
Creating a financial plan starts by gathering information about your current financial situation. Your objectives, risk tolerances and long term goals will be the focus as they are the primary drivers of your plan. We use sophisticated planning software that allows us to test possible outcomes and develop probabilities of success of reaching your goals using various strategies. Implementation of your plan is critical. Our role in implementing your plan depends on your situation and needs. Clients may chose to utilize our Investment Management Service or Insurance Services, or we will work with your current advisors to implement recommendations. We will also work closely with your tax and legal advisors. We work closely with many tax and legal professionals and should you need professionals in these areas we can assist you in locating help. Ongoing monitoring of your plan is essential. As your situation, needs or objectives change, we must update the plan to assure success in reaching your goals.
Comprehensive financial plans start at $1,500 and cost varies de-pending on the complexity of your situation. Please contact us to discuss your situation in order to determine the project scope, complexity and cost.
For questions, contact:
Director, Portfolio Management
Director, Wealth Management
Director, Institutional Services