Service | Basic Level | Enhanced Level | Private Client Level |
Financial Strategy | Extensive annual review with documented discussion and recommendations. | Extensive annual review with documented discussion and recommendations. | Extensive annual review with documented discussion and recommendations. |
Investment Services | Extensive annual review with documented discussion and recommendations. | Employer sponsored retirement plan recommendations, specifically coordinated with other investments. | Integrated investment advice across ALL assets - business interest, real estate, trust accounts, outside assets, etc. |
Asset Protection | Life insurance and long term care coverage analysis. Evaluation of current policies. | In-depth determination of amount/type of life insurance and long term care coverage (ex: self-funding pension survivor options, universal vs. term). Evaluation of insurance company financial ratings. | Multiple strategies which would be demanded of higher more diverse asset types/balances, including business and/or other insurances. |
Asset Building | Discussion of financial goals. Net worth monitored annually and illustrated. | Determination of amount of funds needed for each ang all goals in a variety of scenarios including Monte Carlo Analysis (pre-retirement). Cash flow analysis (retirement). Written plan and recommendations. Review at significant life-points or by request. | A greater integration of advice, assets, and strategies which would be demanded of more sophisticated investors. Entertaining additional strategies, which acknowledge that a "typical" retirement just isn't what might be in store. |
Passing Assets to Next Generation | Outline of basic estate planning documents needed. Basic discussion of how estate could be distributed. | Estate at death illustration. Detailed writted recommendations, updated as needed. | Annual review and update of estate plan recommendations. Asset protection strategies. Multi-generational wealth transfer planning. Gifting and charitable planning. Coordination with other advisors to ensure implementation of all recommendations. |
Tax Planning | | Documented realized gains/losses with specific strategy to harvest any losses each year. Advance planning for retirement distribution. | Tax planning integrated with all other relevant asset, benefit, and other information so strategies may be quite extensive. Coordination with CPA highly encouraged. |
Employer Benefit and Executive Compensation Decisions (including stock options) | | Consultation and recommendations. | Detailed analysis of complex compensation issues, including subjects such as: deferred compensations, ESOP, stock within 401k (NUA strategy), outside employer stock purchase, executive compensation decisions, and how to diversify/accumulate/distribute funds pre and post retirement. |
