Services essential to your financial life

Your financial objectives may range from accumulating wealth to planning for retirement to making your money last as long as possible in retirement. Over the course of your lifetime, you will undoubtedly pursue all of these goals. Because of this, we focus our expertise on serving you in these areas – so you can be prepared for all the significant events of your life.

Investment management

Investment management, also called portfolio management, is the management of stocks, bonds and other investments to achieve a specific investment objective. To build an investment management plan specifically for you, we begin by defining your objectives.
We consider factors such as your risk tolerance, return expectations, liquidity needs and tax implications. Through strategic asset allocation, we arrive at a diversified set of asset classes and a target rate of return compatible with your risk tolerance.
Our overall goal is to preserve your wealth, achieve a reasonable rate of return, and counter the negative effects of inflation and taxes.

Asset allocation does not guarantee a profit nor protect against loss.

Retirement planning

A comfortable retirement is a major goal of every investor. Preserving your wealth and maintaining your lifestyle are likely among your highest priorities. You aspire to live in your home as long as you want and be able to leave behind the legacy you had envisioned.
We are well prepared to help you pursue this important objective. Because people are living longer today, the possibility of going 30 years without a paycheck takes careful retirement income planning and disciplined investing. We can create a plan for sustainable monthly withdrawals from your investment portfolio designed to help make your money last throughout your life.

In addition, we can help you with wealth management needs such as income projections, distribution planning, estate and legacy planning, and insurance needs such as life insurance and long-term care.
We can also assist with longevity planning, making required minimum distributions, income planning, tax planning, proper account titling and beneficiaries, wealth transfer, charitable planning, and asset protection and reallocation.

Social Security planning
You may have many questions surrounding Social Security. What age should I start taking it? Can I still take it if I am working? What if my spouse is still working? The proper guidance and planning can help you maximize the income you receive.

We can help you determine the best time to start taking Social Security, maximize the Social Security income for you and your spouse, minimize the taxes you pay on your Social Security income, ensure that you receive maximum Social Security survivor benefits.

Learn more

Raymond James and its advisors do not offer tax or legal advice. You should discuss any tax or legal matters with the appropriate professional.

Comprehensive Financial Planning

Comprehensive financial planning encompasses much more than just the management of your investments. It involves the careful consideration of all financially related matters that may impact your life. You would like to retire comfortably, perhaps you would like to fund a college education for a child or grandchild, and you want insurance to protect your family from unforeseen events. Through the development of a customized financial plan, we can effectively address all of these important issues. Its many components include:

Net worth analysis
This useful exercise measures assets versus liabilities, and identifies which assets are liquid and which are illiquid. It gives us – and you – a good assessment of where you stand today and a baseline for measuring future progress.

Cash flow planning
This is an important function for anticipating and preparing for future financial conditions by measuring short-term and long-term expenses against revenue or income projections.

Strategic asset allocation
We use this strategy to set target allocations for your portfolio based on factors such as your risk tolerance and investing time frame. We will periodically rebalance your portfolio’s assets to maintain alignment with your long-term investment objectives.

Asset allocation does not ensure a profit or protect against a loss.

Retirement planning
We can design a plan to not only help you prepare for this significant milestone in life, but to help you maintain your standard of living throughout retirement and make your money last your lifetime.

Traditional IRAs
These are individual retirement accounts where you can deposit pretax income and grow it on a tax-deferred basis. Depending on your income and filing status, the IRA may be tax deductible.

Withdrawals may be subject to income taxes, and prior to age 59 1/2 a 10% federal penalty tax may apply.

Roth IRAs
Unlike traditional IRAs, Roth IRAs are funded with after-tax dollars. Your money grows tax-free and you pay no taxes when you withdraw it at retirement. Another difference is you can keep contributing to a Roth IRA at any age (with a traditional IRA, you must take required minimum distributions once you turn 70 ½.

Unless certain criteria are met, Roth IRA owners must be 59 ½ or older and have held the IRA for five years before tax-free withdrawals are permitted.

Qualified retirement plans
We can help you establish a plan that meet the requirements of the Internal Revenue Code and receive specific tax benefits because of it. These include 401(k) and profit-sharing plans.

Company retirement plan rollovers
If you’ve left a job and wish to rollover your 401(k), we can help you do in the most efficient manner and avoid paying any unnecessary withholding taxes or penalties

Education planning
We offer guidance and services for funding a college education for your children or grandchildren through investment vehicles such as education savings accounts, college savings plans and custodial accounts.

Trust and estate planning
We can help you with estate planning strategies designed to help you avoid probate and mitigate estate taxes. Trust planning allows you and your successor trustee to transfer assets prior to and after your passing.

Insurance and annuities
Our objective is also to help protect you and your family from the unexpected. In addition, annuities can help mitigate longevity risk through guaranteed payments over the course of your life.

Guarantees are based on the claims-paying ability of the issuing company.

Tax planning
Our team will consider the tax consequences of your investments, with the ultimate goal of mitigating your tax burden

Raymond James and its advisors do not offer tax or legal advice. You should discuss any tax or legal matters with the appropriate professional.

Liability management
As part of our holistic approach to financial planning, our team not only helps our clients manage their assets, but their liabilities as well. We can help you assess debts such as your mortgage, equity loans, credit cards and identify opportunities to save money.

Estate Planning

Say you’re a widow in your 50s. You’ve inherited assets from your late husband and you’re receiving the Social Security survivor benefit, but overall, your portfolio is not generating enough for you to live on. After spending most of your adult life raising a family, re-entering the workforce seems like a daunting but possibly necessary prospect.

We can help.

We would begin with a thorough examination of your current portfolio, assessing the existing asset allocation strategy as well as the individual assets and securities themselves. Depending on our observations, we might recommend restructuring the portfolio to maintain the necessary income stream, being careful to avoid exposing you to any unnecessary risk.

To learn more about how we help you manage your wealth, contact us today.

Asset allocation does not ensure a profit or protect against a loss.

Asset allocation

Asset allocation is a long-term investment strategy designed to help investors achieve their financial goals without assuming undue risk. Because the three main asset classes ­– stocks, bonds and cash or cash alternatives – have different levels of risk and return, they will theoretically perform differently during different market environments.
By allocating your assets to a diverse variety of investments, we attempt to increase the likelihood of generating a more consistent, positive return over the long term.

The specific asset allocation we create for you will depend on factors such as your risk tolerance, your investment time frame, the economic environment, your objectives and other factors.
It is also important to note that, since different asset classes will perform differently, your allocation will change. As a result, we will rebalance your portfolio periodically to bring your asset allocation back to its original proportions.

Asset allocation does not ensure a profit nor protect against loss.

Charitable Giving

Philanthropy can bring you a great degree of satisfaction and allow you to support causes and organizations that reflect your values. Giving back can yield significant tax advantages, as well – including income tax deductions, reduction of capital gains taxes, and lower estate taxes. We can design a charitable giving plan that will support the causes you choose while optimizing the tax benefits of your gifts. We’ll also assist you in evaluating the various forms your charitable giving can take, including:

Outright gifts
These benefit charities immediately and exclusively and provide a gift tax deduction for you, the donor.

Will or trust bequests and beneficiary designations
Through a provision in your will or trust document, or a beneficiary designation form, the charity receives the gift upon your death, at which time your estate can take the income and estate tax deductions.

Charitable trusts
You can name a charity as the sole beneficiary or name other, non-charitable beneficiaries as well (referred to as making a partial charitable gift.) The most common trusts used to make partial gifts are:
Charitable lead trust: A charitable lead trust is a good choice if you are willing and able to personally give up income for a given time period, but would like the capital either to come back to you or pass to a family member or others at the end of that time. This trust pays income to a charity for a certain number of years, and then the trust principal passes back to you, your family members or other heirs. This trust allows you to keep an asset in the family and still enjoy some tax benefits.

Charitable remainder trust: The mirror image of the charitable lead trust, this trust pays income to you, your family members or other heirs for a number of years, and then the principal goes to your favorite charity. This provides you a stream of current income over a specified period – a desirable feature if there won’t be enough income from other sources.

Private family foundation
As a separate legal entity, this can endure for many generations after your death. You create the foundation, and then transfer assets into it. The foundation, in turn, makes grants to public charities. You and your descendants have complete control over which charities receive grants. However, unless you can contribute enough capital to generate funds for grants, the costs and complexities of a private foundation may outweigh its benefits.

Community foundation
Similar to a private foundation, a community foundation accepts donations from many sources. It is overseen by individuals familiar with the community’s particular needs and professionals skilled at running a charitable organization.

Donor-advised funds
Similar in some respects to a private foundation, this fund is actually an account held within a charitable organization. Once you transfer assets to the account, the organization becomes the legal owner of the assets and has control over them. You may advise – but not direct – how your contributions will be distributed to other charities.

Raymond James Financial Services, Inc. does not provide advice on tax, legal or mortgage issues. These matters should be discussed with the appropriate professional.

Useful links
10 Tips for Giving Wisely
Charitable Giving at Raymond James

Corporate retirement plans

As independent financial advisors and entrepreneurs ourselves, we understand your retirement needs do not end with you and your family – you have a team of employees to consider. We work with a variety of companies to provide the retirement resources, education and planning they need for themselves and their employees.
We call on both our professional expertise and our personal insight as we help you develop, introduce and manage a retirement plan suited to the needs of your business and the people who help make it successful.

Here are overviews of the retirement plans we can help you with. Our experienced team can help you choose the most appropriate plan for your company.

Simplified employee pensions (SEPs)
These plans are used by small business owners and self-employed individuals. Employers make contributions to each eligible employee’s SEP IRA on a discretionary basis and can take a tax deduction for contributions they make. Contributions are immediately fully vested and each IRA owner directs his or her investments.
SIMPLE is an acronym for Savings Incentive Match Plan for Employees of Small Employers.
Employers can choose one of two ways for making contributions: match employee contributions up to 3% of the employee’s annual compensation, or make a flat 2% non-elective contribution. In both cases, contributions made by employers are tax-deductible.  Despite the name, self-employed individuals can also establish a retirement plan using a SIMPLE IRA.

Profit sharing plans
Profit sharing plans can motivate employees by creating a sense of ownership in the company. They let employees share in the company’s profits by receiving an earnings percentage set by management. Typically, there are restrictions for the timing and manner of withdrawals.

Age-weighted/comparability profit sharing plans
Age-weighted plans are available to companies of any size, but are particularly suited for small businesses and professional practices. Contributions are based on the age and compensation of eligible employees. Older employees will therefore receive a larger share of the contribution. With comparability plans, employers can identify which group of employees will receive larger shares of the contribution, regardless of age. As a result, employers can provide more benefits to key employees, for example, provided non-discrimination requirements are met. 

401(k) plans
These are tax qualified defined contribution plans established by public or for-profit companies. The name comes from subsection 401(k) of the Internal Revenue Code. Eligible employees can make salary contributions on either a post-tax or pretax basis. Employers can make matching contributions. With some plans, employees can choose from a group of investment products. With others, employers can hire us to direct and manage the investments. There are restrictions for the timing and manner of withdrawals.

401(k) profit sharing plans
Like 401(k) plans, employers can make contributions on behalf of their employees, subject to a vesting schedule. However, there are no employee contributions.

Safe-harbor 401(k) plans
These plans allow company owners or executives to maximize their personal contributions without violating the non-discrimination rules established by the U.S. government (rules designed to ensure that plans do not favor highly compensated employees over non-highly compensated employees.) Safe harbor 401(k) plans help employers automatically pass the non-description testing by making a minimum contribution on behalf of their employees.

Owner-only/one-person 401(k) plans
As the name implies, these plans are designed for owner-only (or owner and spouse) businesses, including C corporations, S corporations, single-member LLCs, partnerships and sole proprietorships. Participants can make larger contributions than they can with SEPs or SIMPLE IRAs.

Defined benefit pension plans
With these employer-sponsored retirement plans, employee benefits (specified monthly benefits in retirement) are based on factors such as salary and employment length. This benefit formula is “defined” and known to the employees in advance. Among smaller, private companies, the funds are typically funded by employer contributions. Among public companies, employee contributions are typical. The management of the investments is controlled by the employer. If a funding shortfall occurs due to investment performance, the company must tap its earnings to meet the pension obligations.

Non-qualified deferred compensation plans
Employers offer these plans as an executive perk often because traditional 401(k) plans are not adequate for high-income employees. These plans enable company executives to defer a portion of their income, and therefore defer owed taxes (except Social Security and Medicare taxes) until they receive this compensation at a future date.

Education planning

If your goals include providing for the future of a child or grandchild, we can help you investigate your many options and develop an education funding strategy. We can help you provide for this opportunity with investment vehicles such as Coverdell education savings accounts and 529 college savings accounts.

529 savings plans
The money your account earns is free from federal taxes*, provided you use the money for qualified higher education expenses. Most states even allow you to deduct your contributions from state income taxes.

This tax-free status, along the generous contribution limits, gives your education savings an opportunity to grow substantially over the years. Obviously, the earlier you start, the better. You are in control of your money and investment strategy.
Your child or grandchild may use these funds to attend any accredited college, university or vocational school. If any money is not used, you can transfer it to another college-bound family member.

*Certain conditions may apply.

Coverdell education savings accounts (ESA)
This is a trust or custodial account for educational expenses. At one time, it was commonly called an “education IRA.” Like the 529 savings plan, earnings are exempt from federal taxes when you use them for qualified education expenses. Where this account differs though is that you can use these funds for primary and secondary education in addition to higher education. One limitation is that you can only contribute a maximum of $2,000 each year to your account.

Of course, with either type of plan, there are limitations and conditions to consider. We can provide you with all the details and help determine which college funding strategy is best for you.

Insurance Planning

Insurance certainly plays an important role in your financial plan and offers protection to you and your family in the case of accident, illness, disability or death. We can conduct an insurance analysis to help determine if your existing insurance coverage is adequate for your needs today and in the future. Specific insurance planning tools we offer include:
Life insurance
Your life insurance policy can provide your surviving family members with the money they need to maintain the standard of living you have established. We can offer our professional guidance in choosing the type and amount of life insurance that best fits your individual situation

Disability insurance
When you are unable to work for a lengthy time period, disability insurance can replace part of your lost income. Often, employers offer some coverage, but it can be limited. We can help you assess your needs and recommend the best course of action.

Long-term care insurance
This insurance is designed to help you cover the high cost of nursing home, assisted living or at-home healthcare. A common misperception is that these costs will be covered by Medicare. The fact is, there are stringent income eligibility requirements that must be met to cover your long-term care under Medicare. We can recommend coverage to protect your assets from being depleted by a major health event.
Annuities are tax-deferred investments designed to provide a guaranteed stream of income for life* (or, in some cases, a specific number of years.) There are many types of annuities, all of which have advantages and disadvantages. We can help you determine if an annuity is right for your financial situation, and if so, recommend the type we believe best serves your interest.

*Guarantees are based on the claims-paying ability of the issuing company.

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