I. Financial planning is all about trust.
Your advisor wants to get to know you – your life goals, values, investment goals, and financial objectives. Likewise, you want to get to know your advisor. Only then can a planner provide you with an action plan and specific recommendations to suit your needs.
II. Active guidance.
A competent planner should review your portfolio, create a detailed statement of investment objectives, define the optimal allocation of your investment assets, and provide a detailed strategy for the investment management team.
III. Risk management.
A knowledgeable planner with insurance training will analyze your current life, health, and disability protection, including all employment coverage and benefits, assess your true needs, and create a cost-effective plan.
IV. Tax planning.
A well-connected financial planner will have access to tax expertise to analyze your current family tax situation and recommend any major tax-planning opportunities you might have missed. This includes specialized tax-minimization planning for those who are business owner/managers, professionals, senior executives, and self-employed.
V. Estate planning.
Wills, trusts, registered accounts, and insurance policies are just some elements that go into creating an estate plan. A financial planner should have access to expert legal help to create a tax-efficient estate plan that most effectively carries out your wishes.
Please check our business directory for trusted financial planners in the Charleston area.
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