Advanced Planning (AP)
Advanced planning addresses the five primary financial concerns beyond investment consulting.
1. Wealth Enhancement
Everyone needs a financial plan. Whether you are just starting out or deciding how to best preserve for future generations, your objectives are more likely to be accomplished with a clear direction that considers all aspects of your life in an integrated approach.
The most rewarding financial plans include the successful integration of your goals, resources, stage of life and tolerance for risk. HMV Wealth Advisors will help you by:
Establishing and quantifying both short-term and long-term goals
Gathering financial information
Determining your current net worth
Providing alternatives to aid you in achieving your goals and reviewing the advantages and disadvantages of each with you
Counseling you in goal setting and the implementation of plans
Monitoring the planning process to meet your objectives
2. Proactive Tax Management
Effective tax planning requires resources and knowledge of your unique financial situation. It is not a once-a-year activity. Strategies are maintained and reassessed with consistent monitoring of changing financial positions and evolving tax regulations. HMV Wealth Advisors provides proactive counsel to help you avoid missteps, reduce your tax liability, and achieve your immediate and future financial goals.
Reducing income tax
Preserving your net worth
Managing the wealth you’ve accumulated
Interpreting ever-changing tax laws and regulations
Analyzing tax hikes for high-income earners
Evaluating capital gains tax rates
Assisting with transferring wealth to others
Counseling on giving to charities
Facilitating selling or passing on your business
3. Wealth Transfer
Our professionals will confirm that the assets you have accumulated over many years are distributed in accordance with your wishes and avoiding unnecessary taxes and expenses.
HMV Wealth Advisors will assist in designing estate and wealth transfer plans that minimize both lifetime transfer tax and/or taxes due at death to maximize the wealth retention for your family and heirs. Our professionals learn your unique circumstance and goals to provide you with appropriate solutions including:
Ensuring you have the right estate documents in place to meet your legacy objectives and that your assets are properly titled in order to implement the plan
Protecting your assets so that you can maintain or improve your current living situation
Developing a financial plan that provides for your heirs at various stages of their lives
4. Wealth Protection
HMV Wealth Advisors will recommend strategies and steps to determine if you have the appropriate types of insurance and terms to support and safeguard your interests and financial future. Our professionals also provide integrated guidance on insurance and tax strategies that work – and advice on those which don’t – to help you preserve liquidity and further achieve your goals.
5. Charitable Giving
HMV Wealth Advisors can help you develop an efficient giving strategy that will allow you to maximize the way your assets benefit not only you and your family, but also those charities important to you. Those with a desire to utilize their wealth to support important causes or enhance the lives of those in need must always balance their charitable intent against their ability to maintain overall financial health. Philanthrophy requires careful planning that comes out of a genuine desire to make the world a better place and pass on charitable values to future generations.
Three key questions in developing your philanthropic plan are:
How much do I give?
How do I give?
To whom do I give, and why?
We take a holistic approach to determine how best to accomplish your financial goals, including charitable giving. If you consider yourself a philanthropist, it’s important that you see charitable giving as one component of comprehensive wealth management. HMV Wealth Advisors can help you ensure that, by the end of your days, you will have created a legacy of a life well-lived.
Your successful financial journey begins with a complete lifemap specific to your needs and the aspirations you have for yourself, your family and your business.
An investment strategy right for Our Clients.
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