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8 Wealth Management Issues


We have found that there are 8 Wealth Management issues that are most important to our clients and their families. Each of these issues is interrelated so that if you make an adjustment to one issue, it affects the others. That is why it is critical that you have one Advisor who is knowledgeable about your complete financial picture, including your tax situation, so you can be given appropriate advice and recommendations. 

Investment Management* just for you with your unique goals and needs in mind. We can build an investment plan that considers your goals, comfort level, expectations, and the effect of taxes on your portfolio. 

Cash Flow and Debt Management - Cash flow is the cornerstone of your wealth management plan. Working together, we can identify where your cash is going each month and evaluate potential opportunities to improve your cash flow through tax strategies and proper debt management. 

Family Risk Management - Are you prepared for the unexpected? Even the best investment and financial plans can crumble if you have not properly prepared for the risks that exist for every family. Should something happen to you or a family member such as disability, death, or a long-term care need, the careful planning and investing you have so diligently developed can be unraveled in an instant. By learning more about your situation, we can evaluate your current risk plans to determine if they are adequately meeting your needs. Even a policy put in place a few years ago could be less efficient than what is now available. If modifications are needed to your risk management plan, we will make suggestions that not only address your current needs but also consider the tax implications of these changes. 

Retirement Planning - The best chance of building and protecting your financial future comes from planning early for retirement. It is important to first establish a clear vision of what retirement means to you. Everyone's version of their "dream retirement" is different. We can create a plan that considers the level of assets needed to fund your vision of retirement that includes income needs, potential tax implications, and risks that can stand in the way of realizing your vision. 

Education Planning - A college education can be the most important factor in helping a child achieve the dream of what they want to be when they grow up. The available education planning choices can be confusing. We can help you identify how much money you need to send your children or grandchildren to college, determine how much you need to save, where to invest, and how this fits with your overall investment management plan. 

Legacy Planning - What type of legacy do you want to leave? Legacy planning is about so much more than just money - it ensures that what you want to happen will happen at the time of your passing. Together, we can create a legacy plan that minimizes the estate taxes that may be incurred and maximizes the amount of money going to your family. Proper planning will also eliminate the problem of placing your family in the position of guessing what you would have wanted. 

Business Planning - As a business owner, you are faced with numerous daily challenges. We can help you evaluate and implement strategies that not only protect your business, but also take advantage of opportunities that could improve your cash flow, tax situation, benefits, and the bottom line of your business. - Together we can create an investment strategy that is designed 

Special Situations Planning - Throughout your life, some expected and unexpected needs will come your way, whether it is planning for a wedding, taking a dream vacation, purchasing a second home, or facing unexpected expenses due to unforeseen events. We are here to help with situations that do not always fit nicely into the other wealth management issues. We can assist in determining a path to get you through whatever financial challenges and opportunities arise. 

*These services offered by Kevin M. Harris CPA, CFP® through his affiliation with H.D. Vest Investment ServicesSM and H.D. Vest Advisory ServicesSM.