Tanglewood's commitment to our wealth management clients extends beyond professional money management. As part of our client relationship, Tanglewood provides customized financial planning at no additional charge. Our philosophy is simple: deliver practical solutions around each client's specific circumstances and needs that are both meaningful and relatively easy to implement.
Our goal is to serve as an objective resource and communicator regarding the financial planning issues that are of the most concern to clients. We do not sell other financial products so there are no conflicts of interest - just sensible, unbiased advice. From evaluating employee benefit options to planning an estate succession strategy, we are never more than a phone call away.
Some of the common areas of planning include:
We encourage all our clients to address basic financial planning issues. However, it is up to each client to decide when and how to involve us in any aspect of their planning. Ultimately, it's the client's responsibility to ensure that all their financial planning needs are addressed.
Total Planning Process
Tanglewood's comprehensive planning involves:
- Defining information and performing a comprehensive review of the clients financial situation.
- Developing a workable strategy to achieve those goals.
- Assisting the client throughout the implementation process, coordinating with other professionals as needed.
- Reviewing client's progress and assisting them in revising and updating their plan over time.
1. Estate Planning
Estate planning generally begins with a review of current legal documents (wills, trusts, life insurance), illustrating the flow of an estate at death, and projecting taxes due. This review is followed by illustrations and discussion of other approaches that we feel have merit based upon a particular client's circumstances and/or objectives. This area of planning may also include reviewing gifting strategies and the discussion of various forms of trusts.
Top of page
2. Retirement Planning
Retirement Planning begins with projections of retirement income as well as the depletion or growth of assets over time - factoring in both taxes and inflation. The analysis provides a basis from which clients can formulate conclusions such as reasonable age of retirement, appropriate level of savings and prudent levels of pre- and post-retirement spending. This also includes lifetime planning for IRA distributions and maximizing social security benefits (after tax). Top of page
3. Insurance Analysis
Insurance planning begins with a review of current life, disability, liability umbrella and long-term care insurance coverage. Our primary role in this area is to evaluate benefit levels, cost effectiveness and proper ownership and beneficiary designations of existing policies. We may then discuss other insurance options to consider. Top of page
4. College Funding Strategies
College Planning typically consists of comparing anticipated expenses to present and future savings considering the impact of both taxes and inflation. This analysis includes comparisons of public vs. private institutions as well as funding undergraduate or post-graduate degrees. We will also review and recommend vehicles and methods best suited to accumulate college savings. Top of page
5. Asset Protection
Asset Protection Planning involves a discussion and review of laws and strategies available to shelter client assets from unreasonable lawsuits. Top of page
6. Employee Benefit Planning
Employee Benefit Planning may include a review and explanation of employee benefit packages as well as providing ongoing investment recommendations for non-manageable 401(k) retirement plan accounts. Top of page
7. Planning for Closely-Held Businesses
Planning for Closely-Held Businesses may involve discussions with owners regarding business entity choices, business continuation plans, employment agreements and buy/sell arrangements. Other discussions may go over one or more specific employee benefit plans. Top of page
8. Charitable Planning
Charitable Planning is part of our estate planning discussions with those clients interested in leaving a charitable legacy. This includes a review of the various charitable trusts and strategies designed around them to maximize income tax benefits from such gifts.
Top of page