Checklist of Services

We provide the following services for our clients:

Tax Planning  

__Identifying AMT issues  

__General discussion of deductions and income recognition  

__Answer questions about investment tax issues  

__Discuss statement of personal financial position  

__Analyze personal cash flow statement  

__Develop and/or analyze business balance sheet, income statement, cash flow statement, pro forma statements  

__Discuss and educate on employee stock options basics, ISOs, NSOs, planning strategies, etc  

__Tax implications of various stock plans – Restricted, phantom, SARs, ESPP  

__Non-qualified deferred compensation programs  

__Income taxation of life insurance and annuity products  

__Investment cost basis research and reporting


Investment Planning/Asset Allocation

__Asset allocation analysis (may include use of PRT for analysis or other approved software)  

__Risk and reward (risk tolerance analysis)  

__Diversification analysis  

__Analysis and research on individual securities  

__Investment policy statement development


Retirement Planning

__Retirement needs analysis       

__Retirement plans analysis and education      

__Savings planning to help clients meet their goal      

__Contribution limits planning      

__Retirement plan design       

__Employer plans vs. self-directed plans analysis      

__Assist in the coordination of retirement plan service providers, product sponsors, or vendors as a liaison

__RMD or 72t calculations and analysis     

__Beneficiary designation planning       

__Social Security and Medicare health care cost planning


 Estate Planning

__General estate planning and gifting strategies 

__General estate tax planning and education of trusts and estates – filing requirements, deadlines, etc. 

__General trust planning and education – types, features and taxation 

__Explanation of estate planning structures/documents – wills, POA, Trusts, etc. 

__Explanation of types and treatment of trust income - accounting, taxable, distributable 

__Sources of estate liquidity planning 

__Ownership titles and titling of assets planning 

__Discussing impact of account and trust beneficiary designations


Cash Flow/Budgeting

__Creation of personal or business budget   

__Provide guidance and analysis on cash flow management, budgeting, and emergency fund planning   

__Explain various components of cash flow (income, taxes, expenses)   

__Savings strategies   

__Debt management strategies   

__Personal financing strategies   

__Analysis of personal statement of financial position and statement of cash flows


Business Planning

__Cash flow analysis   

__Retirement planning   

__Succession planning   

__Cash management   

__Employee benefits planning   

__Financing strategies   

__Business use of insurance analysis   

__Intra-family and other business transfer techniques


Education Planning

__Discussion of qualified tuition/college saving plans   

__College costs and inflation analysis   

__Individual needs analysis   

__Development of funding strategies   

__Provide direction on ownership of assets

__Financial aid strategies   

__Gift tax limits and trust usage strategies for education funding


Insurance Needs Planning

__Insurance gap/needs analysis for life, disability, or long-term care   

__Health care, including Medicare, expense planning  

__Analysis and planning for estate liquidity  

__Planning for policy ownership issues and beneficiary designations  

__Asset allocation, diversification, and securities research for variable life and/or annuities (provided advisor is not rep/agent of record) 

__Education on types of insurance, i.e. term vs. permanent, nursing home vs. home care, indemnity vs.reimbursement


Personal Financial Planning

__Determining clients’ financial status by analyzing financial statements, special needs, investments, taxation, employee benefits etc.   

__Stock option planning   

__Discussion of various mortgage options/real estate purchases   

__Advice in change of lifestyle or major life event (Marriage, divorce, children, job, education)   

__Major purchase goal analysis and funding options   

__Net present value calculations for comparison purposes including time value analysis (NPV, FVA, PVA, PVAD)   

__Importance of saving (dollar cost average, compound interest)   

__Education on mortgage options and financing analysis   

__Provide financial guidance/planning for special circumstances including death, disability, job loss, monetary windfall, divorce, etc.