Financial Planning, Investments & Tax Planning
With our deep tax knowledge as CPAs, we at FAM understand the crucial tax consequences of the financial advice we give and believe effective tax planning is essential to successful financial planning.
Retirement planning and IRA distribution rules are always kept in mind when implementing an investment strategy especially during the spend-down years. As your investment advisor, we strive to make decisions that make the most sense to your overall long-term plan. That means planning for periods as long as 10-15 years. This will produce real wealth accumulation for families for generations to come.
Fee-Only & Fiduciary
We refuse to accept any outside commissions for our work and our fees are paid only by our clients. In our industry, this reduces conflicts of interests and keeps our focus aligned with the client’s goals. Our wealth management fees are based on assets under management, commonly referred to as AUM. We feel AUM is a good proxy for a client’s financial complexity. Though not perfect, a greater net worth generally equates to a more complex financial life. This approach aligns our interests with yours and helps to preserve our independent advice.
Our fees are tier-based with breakpoints at which your fees decrease on additional assets. In addition, we take a family approach to investing. Aggregating assets to determine your fees (while still managing each portfolio according to its distinct policies) enables us to provide favorable rates for your immediate family.
Employer Retirement Plans
As an employer, your retirement plan is one of the most critical benefits you offer your employees. You are providing a convenient way from them to save and “pay themselves first”.
We review a lot of retirement plans and they have a common theme:
Participants lack the understanding of why they are saving and what their savings can grow to 20-30 years in the future.
Participants don’t understand the impact high fees can have on their ability to save for a secure future.
We believe participant education is one of the key factors to a successful retirement. Through group educational meetings and one-on-one participant sessions, Forest has been able to guide participants through the industry jargon and help them make smart decisions regarding their plan assets.
Our plan design is based on a fiduciary promise to you to provide a customized transparent solution to meet your needs as a business owner while still providing a cost effective and highly desirable benefit to your employees.
Our plans have always been designed with our clients’ best interest in mind, what is commonly referred to as the “fiduciary rule”. We didn’t need a Department of Labor rule to mandate our actions. It just made sense to focus on the client and not on the product.
Contact us to learn more