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- Managing Investments
Develop and implement an investment policy
to allocate your investment funds among several "classes" of equity
and fixed income assets (i.e. stocks and bonds) in light of your
personal resources, objectives, and capacity and tolerance for risk.
This process will play the most significant part in achieving
your long-term investment goals. We recommend the use of cost-effective,
index mutual funds as much as possible to maximize your net investment
return.
Track investments, maturity dates and monitor return on investment compared
with expectations. Review implications of actual returns differing
from expected returns for spending and other long-term decisions. Quarterly
monitoring reports help ensure that your investments are performing
as expected relative to other investment alternatives.
- Budgeting and Forecasting
Budget monthly income and expenses each year and compare with actual results.
We can forecast investment returns based on your capital allocation
and historical experience and review implications for spending and long-term
planning. We can also help you forecast the implications of significant
purchases or changes in life styles.
Managing day-to-day financial
affairs
- Paying Bills
Your Personal Financial Manager will arrange for review, approval
and timely payment of your bills -- telephone, utilities, medical, etc.
-- from your checking account, so you don't need to bother with monthly
check writing. Your checkbook will always be in balance -- no
more late payments or the risk of a bounced check or late fee.
Your credit rating will be more secure.
- Collecting and Depositing Investment and
Other Income
Your income from Social Security, pensions, investments and
other sources can be directed to your checking account. We will ensure
that all expected income is received and deposited correctly, and your
monthly reporting will reflect all income received (such as CD or bond
interest, dividends, and so on) on one consolidated report so you're
kept up-to-date on your finances. Proper care of these documents
will reduce the chance of identity theft or financial fraud.
- Organizing All Important Financial Documents
We will make sure that you have identified your most essential financial
documents and have organized them in an easy-to-locate manner.
These can include credit cards & records, home and vehicle ownership
records, personal insurance policies, social security statements, investments,
estate planning documents, tax records and other personal documents.
Proper care of these documents will reduce the chance of identity theft
or financial fraud.
- Payroll Tax Compliance
If you have personal health-care aides or other domestic workers, we
can calculate withholding and ensure timely payment and reporting of
the so-called "nanny tax".
- Tax Preparation
We can prepare your tax return through an affiliated professional
tax preparer or we will organize all information for your own tax
preparer. Further we can arrange for the payment of your quarterly
tax installments and providing easy-to-read, consolidated tax reporting.
- Regular Reporting
We will keep you informed of all investments and the flow of your
income and expenses with regular reports of all of financial activities.
You (and any family members or other persons that you designate)
will receive comprehensive monthly reporting of all income and expenses.
Further, all investments and liabilities can be reported on a consolidated
basis even if they're at different brokerages or banks.
- Trustee Services
If you have created a trust to safeguard and manage your assets,
we can help you with comprehensive reporting and ensuring that the trust
performs its intended purpose and serves the interests of the beneficiaries.
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