112 Ways We Serve Our Clients

          FINANCIAL PLANNING

1. Help make sure you will have enough for retirement.

2. Help ensure your money lasts as long as you do.

3. Discuss how your faith and values might inform your financial plan.

4. Help you make sure you are able to help the people and causes you care about most.

5. Help you clarify your goals and put them in writing.

6. Help you determine realistic goals.

7. Integrate any pensions into your financial planning.

8. Integrate social security into your financial plan.

9. Plan for the impact inflation will have on your retirement income needs.

10. Quantify any savings shortfalls.

11. Let you know if you are saving more than you need.

12. Review alternative strategies that could help you meet your goals – such as working longer, or retiring on less.

13. Review life insurance needs to determine if your family has adequate protection in case of death.

14. Review risks and strategies for long-term care needs.

15. Help determine the best way for your children or grandchildren to save for college.

16. Review your children’s custodial accounts and 529 plans.

17. Prepare a 15+ page financial plan that summarizes your goals and your road map to achieve it.

18. Review and update your financial plan regularly to help make sure you stay on track to achieve your goals.

19. Analyze how a potential financial decision might affect your long-term plan.

20. Monitor changes in your life and family situation.

21. Create alternative planning scenarios as needed.

    INVESTMENT MANAGEMENT

     

22. Help you sort through the over-abundance of information to make wise investment decisions.

23. Determine the target return needed to reach your goals.

24. Discuss and clarify your risk tolerance.

25. Discuss how your faith and values might inform your investment planning.

26. Review Socially Responsible Funds or Biblically Responsible Funds as a potential part of your portfolio.

27. Determine the general investment mix that would be appropriate for your target return and risk tolerance.

28. Prepare a written Investment Policy Statement.

29. Select your investments based on unbiased research from Morningstar Analytics.

30. Use traditional mutual funds to seek outperformance.

31. Use index funds to in your portfolio to reduce overall cost.

32. Use tactical funds to help navigate difficult markets.

33. Review your outside accounts to see if the funds are appropriate for your needs and risk tolerance.

34. Review your investments in your company 401(k) or 403(b) plans.

35. Help manage outside accounts if desired, or…

36. Consolidate outside accounts to simplify tracking and help make sure your portfolio is well-diversified.

37. Simplify rolling over your retirement plan or 401(k).

38. Provide access to investments and money managers that may not be available in your outside accounts.

39. Provide ongoing guidance.

40. Regularly review your accounts with you, with detailed investment analysis from Morningstar Research.

41. Monitor your investments’ performance, management stability, and fees, and make fund changes when needed.

42. Monitor the economy and markets, and make strategy changes when needed to rebalance, protect, or take advantage of opportunities.

43. Help you set up online access so you can review your accounts anytime.

44. Help you avoid common mistakes even the brightest people make out of excitement, fear, and overconfidence.

45. Stay up to date on changes in the investment world.

46. Adjust your investments as you approach retirement to provide stability and income.

47. Help you maximize your income during retirement.

    ESTATE PLANNING & PHILANTHROPY

     

48. Discuss and help clarify estate-planning goals.

49. Discuss how your faith and values might inform your estate-planning goals.

50. Create a summary of your estate planning goals.

51. Help you determine if you need a trust, or if less expensive options will accomplish your goals.

52. Recommend qualified Estate Planning Attorneys.

53. Meet with you and your attorney as needed.

54. Review and retitle accounts to fund your trust.

55. Review beneficiaries to help make sure they are current.

56. Discuss philanthropic options and tax efficient strategies.

57. Conduct family meetings to discuss estate plans.

58. Help plan for the continuity of your family’s philanthropic plans through succeeding generations.

59. Help train the next generation in financial responsibility and philanthropy.

60. Help facilitate the settlement of your estate to ease the strain on your spouse and heirs.

    TAX MANAGEMENT

     

61. Stay up to date on tax laws relating to investments.

62. Reposition investments to take full advantage of tax laws.

63. Review your tax returns with an eye to possible savings in the future.

64. Work with your tax advisor as needed.

65. Recommend strategies to minimize taxes when taking income or liquidating investments.

66. Help evaluate company stock-options and work with tax advisor on strategy to minimize taxes.

67. Suggest alternatives to lower your taxes during retirement.

68. Help you identify year-end tax planning opportunities.

    SPECIAL PROJECTS

     

69. Develop and monitor a strategy for debt reduction.

70. Provide analysis to help determine whether a Roth or Traditional IRA is better for you.

71. Roth conversion analysis.

72. Review executive benefits such as restricted stock.

73. Review social security options to help determine when and how it would be best for you to claim.

74. Review current life insurance policies to determine if there are better / cheaper alternatives available.

75. Review pension options, to help determine which would be best for you and your family.

76. Help you calculate your 70.5 Required Minimum Distribution each year to avoid the 50% penalty.

77. Research and record your cost basis on securities.

78. Help business owners review company retirement plan fees, funds and features.

79. Assist business owners in setting up and managing a company retirement plan.

80. Provide enrollment meetings and educational meetings for company retirement plans.

81. Help churches and non-profits establish endowments to attract large donations and help secure long-term funding.

82. Present at churches, non-profits, and senior groups on “Leaving a Legacy that Makes a Difference” or “The Purpose-Driven Retirement.”

83. Help initiate, coordinate or facilitate Dave Ramsey or Crown Ministry classes at churches.

    FINANCIAL COACHING

     

84. Recommend strategies to reduce debt.

85. Recommend tools and strategies for budgeting.

86. Provide insight and guidance on major financial decisions.

87. Provide guidance to help you get a fair deal on a car.

88. Sounding board for ideas you are considering.

89. Help you evaluate financial / business opportunities.

90. Guide you in reviewing mortgage rates and strategies

91. Provide referrals to trusted professionals in my network such as bankers, accountants, attorneys, mortgage brokers, real estate brokers and business brokers.

92. Proactively keep in touch with you.

93. Guide you to think about areas of your financial life you may not have considered.

94. Recommend books and other educational material.

95. Provide reminders about key financial planning data.

96. Serve as a human glossary of financial terms such as beta, P/E ratio, and Sharpe ratio.

97. Share the experience of our clients who have faced circumstances similar to yours.

    GENERAL

     

98.   Competently handle the investment and financial planning that you do not have the time, desire or aptitude to do.

99.   Free up your time to focus on what you enjoy most.
100. Help you avoid making “The 10 Biggest Mistakes.”

101. Help you understand how behavioral dynamics can make even the smartest people make big mistakes.

102. Help keep you from “investing in the rear-view mirror” by chasing hot stocks and sectors.

103. Help keep you from panicking out in down markets.

104. Provide objectivity, clarity and confidence.

105. Help you move beyond Return on Investment to Return on Life.

106. Help you explore your passions and gifts and ways to have a meaningful and enjoyable retirement.

107. Partner with you and care greatly about helping you achieve your life goals.

108. Help keep you on track.

109. Serve you with a respectful and friendly attitude.

110. Respond to calls and emails in at least two business hours

111. Have paperwork completed and signature ready for you.

112. Make working with us an easy and pleasurable “boutique” experience.

Gregory A Carr, MBA, AAMS, Owner, Financial Advisor ▪ 310 W Central, Suite 103 ▪ Wichita, KS 67202 ▪ 316.440.2550 ▪ Greg@carrwealthmanagement.com
Services provided are dependent on size of assets under advisement, scope of projects and other factors.Please discuss your needs and what would be available to you under your fee arrangement before engaging services. Securities offered through Registered Representatives of Cambridge Investment Research, Inc., a broker dealer, member FINRA/SIPC. Advisory services offered through Cambridge Investment Research Advisors, Inc., a Registered Investment Adviser. Carr Wealth Management and Cambridge are not affiliated.