Defining Wealth Care
Wealth Care is best described as the process of addressing concerns that impact your ability to achieve your personal, financial, and family goals.
As a Wealth Care Provider, I emphasize client relationships — that are broad in terms of encompassing all areas of a client’s financial life and deep with respect to intimate knowledge of a client’s values and priorities.
I develop and implement highly customized holistic solutions that address virtually all aspects of a client’s financial well-being.
8 Wealth Management Issues
My focus is on the 8 Wealth Management Issues.
1. Investment Management*
It is easy to be overwhelmed with the amount of information in today’s investment environment. Without the professional advice of someone who has knowledge of your specific financial and tax situation, taking action could be detrimental to your investment goals.
I start with a disciplined investment strategy that is designed just for you, with your unique goals and needs in mind. Your tolerance for risk and market volatility is a critical concern. For additional detailed information, please view my
Professional Money Management page
Professional Money Management video.
2. Cash Flow and Debt Management
Cash flow is the cornerstone of your wealth management plan and the key to a disciplined investment strategy. In addition, your debt level and credit history are important barometers of financial health.Good debt management can lower the amount of interest you pay, and may ensure you have credit when you need it.
3. Family Risk Management
Are you prepared for the unexpected? Even the best investment and financial plans can crumble if you have not properly prepared for the risks that exist for every family. Should something happen, such as disability, death, or long-term-care need, the careful planning and investing can become unraveled. I can evaluate your current risk plans to determine if they ar adequately meeting your needs at this stage of your life and as you plan for the future.
4. Retirement Planning*
Unlike your parents and the generations of the past who had their retirement funded mostly with guarantees made by their employers, the assets you have accumulated may be your primary source of cash flow in retirement. I partner with you to create a plan considering the level of assets needed to fund your vision of retirement including likely income needs, potential tax implications and risks that can stand in the way of realizing your vision.
5. Education Planning*
Every child dreams about what they will be when they grow up, and a college education can be the most important factor in that dream becoming a reality. I can help you identify how much money you need to send your children or grandchildren to college, determine how much you need to save, and how this dedicated investment fits with your overall investment management plan.
6. Legacy and Estate Planning
Legacy planning is about so much more than just money. Simply stated, a legacy plan ensures that what you want to happen will happen in your later years and at the time of your passing. However, because the subject of legacy is a complex and emotional topic, many families overlook planning before it is too late. Having an estate plan in place reduces stress and red tape that goes a long with losing a loved one. Together, clients and I can create a legacy plan that minimizes the estate taxes that may be incurred, and maximizes the amount of money going to your family.
7. Business Planning
As a business owner, you likely face daily challenges such as having enough cash available to take advantage of opportunities when they arise, using the business as a vehicle to save for your and possibly your employees retirement, and protecting your business from a potentially devastating financial loss. As your Advisor, I can help you evaluate and implement strategies that not only protect your business, but also take advantage of opportunities that could improve the cash flow, tax situation, benefits, and bottom line of your business.
8. Special Situations Planning
Throughout your life some expected and unexpected needs will come your way, whether it is planning for a wedding, taking a spur-of-the-moment dream vacation, deciding to buy a second home or facing unexpected expenses due to unforeseen events. As your advisor, I am here to help you with situations that do not always fit nicely into the other wealth management issues. I can assist in determining a path to get you through whatever financial challenges and opportunities arise.
And my extra Wealth Management Issue -
9. Income Taxes
As a CPA I am uniquely positioned to assist my Wealth Care clients in this critical area. I provide tax advice and prepare annual federal and state tax income tax returns for my Wealth Care clients. And, when necessary I represent clients before the tax authorities.
*These services offered by Brooks Wicker through his affiliation with H.D. Vest Investment Services SM and H.D. Vest Advisory Services SM.