Level 2 - Financial Planning
PFM offers clients portfolio management and reporting services, abbreviated financial planning services and investment recommendations on a non-discretionary basis for “outside” accounts (Outside accounts generally include employer retirement plans [e.g., 401k, 403b, 457, etc.]). Through the program, clients receive:
- Level I – Investment Management
- Investment analysis (incorporating outside accounts)
- Allocation recommendations (incorporating outside accounts)
- Ongoing account monitoring (incorporating outside accounts)
- A detailed cash flow projection*
- Review of the clients’ net worth*
- Review of the clients’ tax return*
- Education planning projections and funding recommendations*
- Abbreviated retirement projection to include savings recommendations and/or distribution planning*
Level 3 - Wealth Advisory
Our comprehensive financial plan will help you in making decisions on the best fit for insurance, investments, taxes, and estate planning to meet your goals and objectives. In the process, we evaluate income, cash flow, debt, insurance, employee benefits, tax planning, and other financial elements to provide you with specific actionable recommendations. Our comprehensive financial plan is customized for each individual client and can address almost any financial goal or situation. The following are the core components of the financial plan that you would receive.
- Documented goals and objectives*
- Written recommendations to meet goals and objectives*
- Written detailed cash flow projection*
- Written net worth statement*
- Review of the clients’ tax return*
- Tax management strategies and techniques
- Education planning projections and funding recommendations*
- Retirement projection(s) with Monte Carlo analysis to include savings recommendations and/or distribution planning*
- Disability projection(s) and disability insurance policy review*
- Life insurance projection(s) and life insurance policy review*
- Long-term care needs analysis and long-term care policy review*
- Home owners, automobile and liability insurance coverage review*
- Estate plan flow chart*
- Review of current estate plan documents*
- Coordination of beneficiary designations*
- Coordination of the efforts of other advisors* (attorney, accountant, insurance agent, etc.)
* The financial planning reports are based on the financial information and data provided by each client, which may include: assets, liabilities, income, expenses, tax returns, employee benefits, goals and objectives, risk tolerance, investment objectives and/or investment restrictions.
