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Financial planning

Acumen Wealth Advisors is committed to understanding what is most important to our clients and their legacy. We have invested in dynamic software to help deliver comprehensive financial planning alongside our asset management services. Providing financial planning helps deliver goal-based investing decisions and illustrates potential outcomes. We believe financial planning also aids in focusing on the long term and can help clients make better decisions.

Our team, including a Certified Financial Planning (CFP®) professional, concentrates on strategic areas of financial planning including:

  • Income Tax Planning - We identify efficient ways to minimize taxes on personal income. The strategy should include identification of tax-favored investment options that can reduce or defer taxation of investment income.
  • Insurance Planning - We identify all risk exposures and provide recommendations for the necessary coverage to protect clients and their assets against potential financial loss. The risk management plan includes a full review of life and disability insurance, personal liability coverage, property and casualty coverage, and catastrophic coverage.
  • Financial statement preparation and analysis including a Personal Financial Statement (PFS), cash flow analysis, total annual income, debt obligations, monthly expenses not related to debt, current investment holdings, and savings account balances.

  • Executive Benefits Planning.
  • Recommend a customized asset allocation strategy based on specific investment objectives and a risk analysis. This investment plan sets guidelines for selecting, buying and selling investments, and establishing benchmarks for performance review.
  • Review and update estate panning instruments, such as wills, inter-vivos trusts, power of attorney, medical directives, and marital trusts.
  • Retirement planning including a strategy for accumulating the required retirement capital and its planned lifetime distribution.

We focus on each client’s unique circumstance and realize these needs evolve over time. To meet these challenging responsibilities, Acumen’s approach is tailored to each client. For clients who choose to leverage our financial planning capabilities, our team works to:

  1. Understand and prioritize goals and objectives.
  2. Analyze and develop a summary of the current financial situation and discuss relevant issues.
  3. Review current investment portfolio and develop an asset management strategy.
  4. Identify tax planning strategies to optimize financial position.
  5. Present a written financial plan to be reviewed in detail with executable steps for clients.
  6. Monitor and track progress utilizing innovative software.
  7. Collaborate with our clients' other trusted advisors including attorneys, trustees and accountants to coordinate their comprehensive strategy.

Long range planning does not deal with future decisions but with the future of present decisions. Peter Drucker

Our team’s goal is to be attentive, listen to what our clients’ want, reconcile steps needed to work towards their goals and help them feel understood. We help educate and thoroughly explain details so clients feel more involved and engaged in investment decisions. We are proud of the trusted and thorough financial planning guidance our advisors provide to successful families. We encourage you to reach out to our team so we may help you plan and protect your legacy.