Services
Financial planning across all relevant domains
Clients of Directed Wealth Strategies recognize the importance of financial planning, and place a high value
on professional, holistic advice in an efficient, effective, trust-worthy way.
Directed
All advice is given with specific direction in mind, helping the clients prioritize what to
focus on and stay on-track for what matters most to them.
Wealth
A Certified Financial Planner® has taken on the challenge to become competent in all
relevant areas of financial planning. This allows clients to receive a more complete
picture of their entire situation.
Strategies
Clients of the firm know that they can expect to be presented with multiple strategy
options. The goal is not to get the client to agree with the advisor’s point-of-view, but
rather to be given the information they need to make their own informed decision.
FINANCIAL PLANNING
Decisions about investment allocation, tax strategy, insurance coverages, and estate planning all run the risk of losing their context, if not made based on a cohesive financial plan that brings everything together. It does not have to be extremely complicated or nuanced, but each client should begin with some sort of provisional analysis that relates to the solvency of their current situation and long-term goals. This feedback then provides the clarity one needs in order to begin making informed decisions in other areas.
Planning services are available at flat-fee rates or can be included (i.e. “bundled”) with one’s investment
advisory fees.
INVESTMENT RECOMMENDATIONS & ONGOING PORTFOLIO MANAGEMENT
All clients receive customized portfolio recommendations which are based on a number of mitigating factors – including, but not limited to – their plan solvency, their tolerance for risk, and their time-horizon.
For on-going portfolio management, a 1% management fee is customary. Discounts become available for managed portfolios over $500,000.
RISK ANALYSIS & INSURANCE PLANNING
Clients can expect to spend time discussing the risks to their plans – and the best way to avoid them. Some risks inherently cannot be avoided, while others can. Many risks can be transferred to an insurance company. It is recommended that clients do not “set it and forget it” when it comes to their insurance policies, but instead, make a review of their necessary coverages a regular part of their planning process.
ESTATE PLANNING
Estate Planning is one of the most selfless things a person can do. Please note that a financial planner cannot replace the role of an attorney in one’s estate planning, but can often provide insight and creative solutions to the conversation.
TAX PLANNING
Nothing drags one’s financial progress quite like taxes. Simple strategies such as planning ahead for taxable distributions can make a big difference in a client’s long-term financial solvency. Please note that a financial planner cannot replace the role of a CPA or other licensed tax-preparer. But, a CFP® will know enough about the tax code to identify tax-saving opportunities for clients.