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Personal Financial Planning Services

Develop Your Personal Financial Plan

Have you recently inherited money?
Are you concerned about how you’re going to retire comfortably?
How will Social Security impact your retirement?
How will you pay for your child or grandchild’s education?
What legacy do you want to leave?

These are just a few of the questions people have when seeking out a personal financial advisor.

Personal financial planning doesn’t have to mean tightening your budget and investing every cent. It’s possible to achieve your financial goals and secure your future with confidence, while also enjoying what you have now.

Benefits of Personal Financial Planning

Communicating your goals with a financial advisor who understands the complexities of personal financial planning comes with many benefits, including:

Focus and motivation: A well-structured financial plan helps you set and achieve your financial goals, whether they involve saving for retirement, buying a home, funding education or starting a business. With clear objectives and actionable steps, personal financial planning keeps you focused and motivated.
Improved clarity: Financial planning involves assessing your income, expenses, assets and liabilities. This review allows you to better understand your financial situation, manage your spending and make informed decisions about budgeting and saving. Ready for a big vacation? Wondering if that mountain cabin or lake house is in your budget? Personal financial planning can help.
Tax efficiency: A solid financial plan includes tax strategies to minimize your tax liabilities. By leveraging tax-efficient investments, retirement accounts and deductions with the help of a team that includes Certified Public Accountants (CPAs), you can potentially reduce the amount of taxes you owe and preserve more of your wealth.
Gain financial peace of mind: The comfort that comes from knowing you have a solid financial plan in place helps put your dreams into focus – whether that’s providing education for a loved one, contributing to an organization that’s important to you or knowing your own future is secure.

Steps to Personal Financial Planning

The AdamsBrown Wealth Consultants personal financial planning team uses a holistic approach to develop your unique financial roadmap. Steps include:

Setting your financial goals
Gathering information (income, expenses, etc.)
Analyzing your current situation
Developing and implementing a customized financial plan based on your goals
Monitoring, reviewing and making adjustments with your financial advisor

Tax Planning Support

AdamsBrown Wealth Consultants can tap into the in-house expertise of Adams Brown, an Inside Public Accounting Top 110 public accounting firm. Through this collaboration, you gain insight into the whole picture of your investment strategy, not just one piece of it. We’ll look holistically at:

Capital gains taxes
Cap loss harvesting
Cash flow analysis
Charitable giving
Generation-skipping transfer tax
Tax impact analysis
Taxable and tax-free investments
Wash sale rules

Types of Investments & Accounts Offered

Account Types

IRA accounts including Roth IRAs, Simplified Employee Pension (SEP IRAs) and Savings Incentive Match Plan for Employees (SIMPLE IRAs)
Individual and joint investment accounts
401(k) accounts
403(b) accounts
457(b) accounts
529 Plans

Investment Vehicles

Annuities
Bonds
Common Stock
Exchange Traded Funds
Government Securities
Index Funds
Private Placements
Real Estate Investment Trusts (REIT)
Treasury Bills
Treasury Notes

Group Benefits & Retirement Planning Services

AdamsBrown Wealth Consultants also works with corporations, municipalities, endowments and foundations on holistic investment planning. We apply the same personalized, proactive guidance to entity-level investment planning as we do planning for individuals and families.

Usually, in these scenarios, we collaborate with Adams Brown on other pieces of the organization like accounting or tax planning. Combining investment planning into the service relationship provides a streamlined, efficient way to manage money and assets.

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