Money is a tool that is used to work toward and achieve your life goals. Goals such as financial security at a particular age, transitioning to a less stressful career, following your passion, providing for your loved ones or favorite charity are the reasons for planning.
We help our clients define their goals and determine, through financial planning, what may be required to achieve them. Education is an important part of the process, assisting our clients to understand the pros and cons of actions and options available.
Wood Smith Advisors works closely with each client to establish an initial plan, which may be comprehensive or focused, based on their needs. Once a plan and action steps are established, Wood Smith Advisors is available on an ongoing basis to implement the recommendations, monitor those recommendations, and regularly update the plan based on the client’s changing needs. |
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Saving and Investing are an important part of financial planning. Determining suitability of investments based on a client’s tolerance for risk and how long the funds are to be invested are essential, as is establishing the proper savings amounts and investment vehicles.
Investment Advisory Services established for Financial Planning Clients will include:
- Establishment of an investment plan
- Monthly statements and quarterly performance reports on managed investments
- Ongoing review of investments and measurement of progress toward established goals
- Adjustment of plans based on changes in goals or circumstances
- Tax Planning, typically in the 4th quarter to assess and prevent tax surprises
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