The integration of financial planning concepts is integral to the wealth management process at Peltzer Capital Management. Investment strategy can only be effective if a firm takes into account the financial planning issues faced by a client. The firm performs this decision point financial planning when it is needed by the client rather than compelling the client to do a major all-encompassing plan at the initiation of the relationship. Our experience through the years is that the all-encompassing plan includes many issues that are not relevant to the client at that point in time; so, much of the plan goes on the shelf virtually unutilized. We perform decision point planning when the client faces the issue, at no additional cost to the quoted asset management fee schedule.
As an example, while one client may need strategic planning to determine retirement feasibility at the beginning of the relationship, another may not need it until five years later when contemplating retirement.
Components of Financial Planning Process:
Planning for Retirement
Proper Use of Retirement Plan Assets
Efficient Charitable Giving Strategies
Wealth Building Strategies
Estate Planning Strategies
Education Planning Strategies
Various Investment Return Scenarios
Insurance Needs Analysis
Retirement planning example:
When planning for retirement, a sample retirement plan should answer questions such as those listed below. This plan can then be used as a gauge to ensure that the client stays on track to retire at the desired age and spends appropriately once retired.
- What would I be able to spend each year for the rest of my life if I retired now?
- When can I reasonably retire?
- What strategies could I use to speed the date I retire?
- What final estate values are projected in order to develop current gifting strategies?