Financial Planning

It seems today that every stockbroker, insurance agent, annuity salesman, and investment advisor calls himself or herself a "financial planner." At Kovitz, we don't do financial plans, we do financial planning. What's the difference? A financial plan is often a nicely bound, thick booklet that includes lots of colorful graphs and charts and alleges to lead you to the promised land of sipping margaritas on a beach, playing golf all day, or whatever else passes for your own version of utopia. But mostly they gather dust sitting unused on a shelf. At Kovitz, we believe that financial planning is a process, and the process only has value if the recommendations are implemented. We help our clients identify their issues and think through the pros and cons of potential solutions (from both a quantitative and qualitative perspective). Then we help our clients implement the decisions that are right for them.

Our financial planners (attorneys, CPAs, and CFP® professionals) have spent much of their careers performing objective, fee based planning (as opposed to using planning as a means to selling investment products). In our planning process, we address investment management, estate planning, and tax-related issues. Our professionals have been recognized by Barrons, Worth Magazine, Journal of Financial Planning, Investment Advisor Magazine, and Financial Advisor Magazine for their expertise.

We are able to help our clients with:

Investment Management Services

• Determine an appropriate overall investment allocation
• Disciplined monitoring and rebalancing asset allocation strategy
• Charitable gifting using appreciated securities
• Exercise strategies for employee stock options
• Single stock exposure
• Assistance with company sponsored plans
• Required Minimum Distributions
• Roth conversion/recharacterization analysis

Cash Flow and Needs Analysis

• Defining retirement goals using Monte Carlo simulation
• Goal funding analysis, amount of risk
• College savings strategies
• Social security analysis

Estate and Income Tax Planning

• Identification of estate and income tax planning goals
• Review of existing estate planning documents
• Suggest potential estate tax saving strategies where applicable
• Managing capital gains/losses tax effectively
• Selection of retirement plan for self employed or small business owner

Insurance

• Life insurance sufficiency analysis
• Review of existing policies
• Disability coverage needs analysis

Click here to view our financial advisors.