Private Client Services
While providing an overview of the big picture, our advisors develop comprehensive strategies that enable you to make stronger financial decisions. With a financial plan in place, you'll be better able to focus on your goals and understand what it will take to reach them. One of the main benefits of having a financial plan is that it can help you balance competing financial priorities. A financial plan will clearly show you how your financial goals are related - for example, how saving for your children's college education might impact your ability to save for retirement.
As markets shift and your personal needs change, our customized strategies are built to evolve. At SFP Wealth we believe investment management is a process, not a product. The combination of investments you choose for your retirement portfolio can be as important as your specific investments. The mix of various asset classes, such as stocks, bonds, and cash alternatives, account for most of the ups and downs of a portfolio's returns. Deciding how much of each you should include is one of your most important tasks as an investor.
From life insurance to long-term care and disability income, we provide a full suite of insurance policies to help you defend against the unexpected. Once you retire, and your priorities shift, your life insurance needs may change. If fewer people are depending on you financially, your mortgage and other debts have been repaid, and you have substantial financial assets, you may need less life insurance protection than before. But it's also possible that your need for life insurance will remain strong even after you retire.
Estate Preservation and Transfer
As your advocate, we offer custom solutions that establish a financial tradition across generations. At SFP Wealth, estate planning is more than a collection of documents. A will is often said to be the cornerstone of any estate plan. The main purpose of a will is to disburse property to heirs after your death. If you don't leave a will, disbursements will be made according to state law, which might not be what you would want. Keep in mind that a will is a legal document, and the courts are very reluctant to overturn any provisions within it. Therefore, it's crucial that your will be well written and articulated, and properly executed under your state's laws.
Frequently Asked Questions
How do I engage with SFP Wealth?
The two main types of engagement are fee-based financial planning and investment advisory services. Financial planning is typically a one-time engagement spanning a twelve-month period. An investment advisory relationship typically results from the completion of a financial plan (but is not necessary) and incorporates a comprehensive wealth management approach.
How does SFP Wealth charge for financial planning?
Financial planning is generally a one-time flat fee that is mutually agreed upon with our clients. The planning fee is calculated on a case-by-case basis and accounts for the complexity of the individual situation and time requirements. Additionally, clients have the option to extend the financial planning engagement beyond the first year if there is a desire for ongoing planning analysis and monitoring.
How does SFP Wealth charge for investment management?
As a fee-only provider of professional financial services, SFP Wealth charges a clearly defined fee to our clients. Our broad array of services - including investment, wealth, and relationship management - are covered exclusively by our fee, a percentage of each client's assets under investment management. Our fee is clearly defined in our initial client meetings, and all statements clearly outline the quarterly management fee charged to accounts.
Does SFP Wealth perform investment research in-house?
Yes. Our investment team adheres to its own proprietary investment strategy. Our Investment Committee constantly monitors holdings and decides as a team to add or eliminate select positions within our clients' portfolios. In addition, we use a number of independent third-party research sources when analyzing potential investments and our current holdings.
How do I know what is happening with my portfolio?
As a client of SFP Wealth, you will be kept well informed of our investment decisions and transactions within your accounts. We remain available to meet with our clients in person and/or over the phone, as often as necessary. We provide quarterly reports, periodic market updates and account reviews. You may also easily access your account through Wealthscape Investor or Personal Financial View (eMoney).
Does SFP Wealth's financial planning process include tax analysis and estate planning?
Yes. As a wealth manager, SFP Wealth incorporates a comprehensive financial planning process that takes into consideration all aspects of a client's financial situation. We have a network of resources that provide legal and insurance services when necessary.