Comprehensive Financial Planning
Comprehensive financial planning is properly viewed as ongoing, rather than as a one-time task. Saving and investing for a secure financial future has to be based on an ongoing evaluation of your risk tolerance, time horizon and diversification.
This kind of dynamic financial planning considers the full breadth of wealth accumulation, protection, income distribution and legacy planning in various stages of life and the goals and drivers that may be important to you in each of them.
We stay with you via periodic reviews, taking the time to measure progress toward your goals as circumstances change.
While the work we’ll do together may sometimes appear complex, the results of doing it well can actually create a sense of simplicity for you and allow you to relax and understand clearly what we are doing to help improve your financial situation.
Comprehensive financial planning can incorporate:
- Budgeting
- Debt management
- Charitable/legacy planning
- Life insurance purchasing/planning
- Long-term care insurance
- Estate planning
- Investment planning
- Investment management
- Insurance policy management
- Retirement planning
It can also help reduce your anxiety about your financial future by allowing you to get a full picture of your current situation and helping you plan for recurring and unexpected expenses, important purchases (like a home or a car), the expenses of starting a family (such as food, clothing, education, and medical care) and a well-funded retirement. A comprehensive financial plan can also show you whether or not your investments are outperforming inflation.
It can also help you figure out how and when to purchase life insurance and long-term care insurance and help you plan for the expenses related to helping your parents and other loved ones as they age and may need additional care.
Below are just a few of the comprehensive financial planning-related problems we’ve been able to solve for clients. Click the silver bar for each problem to learn more about how we can solve them.
Tax Optimization and Management
High net worth individuals and families often face complex tax situations and significant tax liabilities. Through comprehensive financial planning, we help develop and implement tax-efficient strategies to minimize tax burdens and optimize after-tax returns.
Estate Planning and Wealth Transfer
Ensuring a smooth and tax-efficient transfer of wealth to heirs can be challenging. We can help you to develop comprehensive estate plans, including trusts and charitable giving strategies, to protect and effectively transfer wealth according to your wishes.
Investment Management and Diversification
High net worth individuals and families often need sophisticated investment strategies to manage risk and achieve their financial goals. Part of our process is to provide expert advice on asset allocation, diversification, and risk management to ensure a well-balanced portfolio.
Philanthropic Planning
Managing charitable contributions and ensuring they align with personal and financial goals can be a complex undertaking. We assist in structuring philanthropic efforts, such as establishing donor-advised funds or private foundations, to maximize impact and tax benefits.
Liquidity Management
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Balancing the need for liquidity with long-term investment goals can be difficult. Through comprehensive planning, we can help develop a strategy that ensures adequate liquidity for lifestyle needs while optimizing the growth of the overall portfolio. |
Would you like to see what a comprehensive financial plan would look like and see how the process of creating one generally works? Watch the presentation below by our CEO and Founder, John Williams:
To see how your financial planning could evolve over time, see “Evolution of Financial Planning” below:
In my view, having advised private clients for 50 years, I believe it is only prudent to project a view of one’s financial future. John and his team provide the insight needed for such projections based on many years of experience developing both formal and informal financial plans. Indeed, CFG has the ability and expertise to follow through, if appropriate, and meet client needs for financial products as building blocks for the overall strategy being recommended.