Wealth Management Defined
There are many ways to define "Wealth Management". It's true meaning describes a complete relationship with a client and an advisor, where the advisor becomes the clients main resource for solving complex financial challenges.
What We Do - Practicing Wealth Management
We help our clients identify their most pressing financial challenges, then work with a team of professionals to seek a solution. For many of our clients, these solutions include:
- Asset Protection - Protecting wealth you already have.
- Mitigation of Income Taxes - Helping you pay the the least amount of taxes you are liable for.
- Asset Growth - Using best of class money managers and alternative investments to help you save for a specific goal.
- Transitioning Wealth to the Next Generation - Identify and facilitate the most efficient way to pass assets to your family.
How We Work - The Wealth Management Process
- A strong and defined process is required for mastering any practice, being your financial advocate is no different. We follow a defined process for each and every client, no matter how complex their situation. The process begins with an in-depth discovery meeting, designed to find out what really makes you tick.
- Now that you know where you want to be we help you plan how to get there. We can customize a range of solutions designed to fit your individual goals. This select range of integrated financial services and products might include: Investment management, insurance, financial planning and estate planning.
- It is now time to put the plan into action. We deliver your customized solutions in close consultation to help ensure you fully understand where your money is going and how it is working for you. AFC works closely with you on an ongoing basis to identify your specific needs and then we design custom solutions to meet those needs. If your needs or goals change we work with you to modify your game plan to make the most of your assets.
- We use a wide range of offerings to implement your investment plan. Best of class money managers, separate accounts, mutual funds and alternative investments are used to meet your portfolios needs. Our independence gives us the ability to select the investment vehicle that meets your needs, not one that is proprietary or forced on you by a corporation.
- Financial Advocacy - Your Personal Chief Financial Officer
We break the classic mold in which affluent individuals must contract with a range of professionals each specializing in a single area: The investment advisor managing portfolios, the insurance agent selling life insurance, the accountant handling taxes and the attorney taking care of the estate planning.
The AFC Tax and Financial Advisors, Inc. process centralizes these activities with a single lead advisor or wealth manager, much like a personal CFO . We act as your field general, guiding your financial team every step of the way.
AFC will work with you to:
- Build a solid investment plan based on your own unique needs, goals and risk tolerance.
- Use the pillars of financial planning to create a plan to keep you on track in good times and in bad.
- Implement your plan using a wide variety of investment vehicles including: Institutional investment managers, individual stocks and bonds, CD's, mutual funds and alternative investments.
- Help you solve all of your financial challenges, with one point of contact.
Most clients pay us an annual fee or retainer to provide them with our wealth management service. This helps eliminate conflicts of interest that can naturally arise from high commissions and keeps us on your side of the bargaining table.
We never lose sight of the fact that it is your money and your objectives that are important. AFC strives to get to know you, understand your needs and risk tolerances, and create realistic long-term expectations on asset performance for your family.
