Financial Planning for Individuals |
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At Engler, Garrow & Roth, Ltd. we have adopted the
financial planning process by creating our own proprietary
AdviceSolutions Consulting Methodology. This disciplined
and repeatable process enables us to provide our clients
with the highest quality comprehensive financial planning
experience. Specifically we view financial planning as a
continuous and circular process of:
Establishing and clarifying relationships, processes,
expectations, costs, deliverables, etc.
Identifying client goals and objectives
Gathering data to quantify the clients current situation
Developing recommendations to help achieve the clients
goals and objectives
Implementing agreed-upon elements of the plan
Monitoring the plan, situation, and progress towards the
clients goals
While the financial planner performs much of the work, the
client must be committed to the process and fully
participate at each step. If the client doesnt own their
financial plan, it will not get implemented, or it will be
abandoned during the inevitable bumps in the road.
The elements of our comprehensive financial planning
services are summarized below. Our services are oriented
toward developing written strategic financial plans for
solving specific problems and/or reaching specific goals
depending on family or business needs.
Please note that we also utilize tax reduction strategies
in our planning. Understanding the tax implications of an
action is an essential component of every plan, but is
typically a secondary consideration. An action must make
sense outside of the tax implications to be considered a
viable strategy.
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Financial Planning for Businesses |
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You have worked hard to build your business and keeping the
family farm or business intact through the generations is
of utmost importance to you. This can be accomplished if
the proper planning is done in advance. Strategies can
differ depending on whether your business is a Family
Limited Partnership, Limited Liability Company, C
Corporation, Subchapter S Corporation, or Sole
proprietorship as each has its own advantages and
disadvantages. Engler, Garrow & Roth Ltd., along with your
attorney and accountant can help you decide which is best
for you once we have determined your current situation and
your goals for the future. We incorporate this type of
planning with your Estate Plan in order to best address the
concerns of continuing the business as well as providing
equity to those heirs who may not be involved in the family
business. Engler, Garrow & Roth Ltd. does not give legal,
tax or accounting advice. We will however work with your
attorney and accountant to provide you with a coordinated
plan to meet your goals.
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Retirement Planning |
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The most important goal on many of our clients minds is
retirement. Considering that many retirees will live thirty-
five or more years in retirement, its not surprising that
it is the most important financial goal most people have.
But retirement is about much more than just money. The
concept of retirement is changing. And so are the ways that
people prepare for it. For some, retirement means lots of
leisure time to pursue hobbies and interests. For others it
means a change to part time work, and still others will
spend their new found free time with family members or as a
volunteer in the community.
Whatever your plans for retirement may be, we are here to
help you prepare financially for what could be the most
rewarding part of your life. We can help you determine the
most effective vehicles to use in saving for your
retirement. And we can help you determine whether you will
have sufficient resources to support the lifestyle you
desire. If there is a gap in your plan, we can identify
your options and develop a plan to help you achieve your
goal.
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Estate Planning & Trusts |
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Estate planning is quite simply, the process of preparing,
in advance, so that at your death your assets are
transferred to the person(s) and charities you want, with
minimal delay and cost. An effective estate plan takes the
coordinated efforts of you and your advisors. At Engler,
Garrow & Roth Ltd., we work extensively with you, your
attorney, and tax advisors to develop and implement an
effective estate plan that helps accomplish your goals. The
breadth of estate strategies range from strategic asset
titling and optimizing exemption amounts, to sophisticated
charitable giving strategies.
Whatever your objectives, you can be sure that the planners
of Engler, Garrow & Roth, Ltd. can help you define and
understand your options and will work hand-in-hand with
your other professional advisors to implement your estate
plan.
Engler, Garrow & Roth, Ltd. does not give legal, tax, or
accounting advice. Consult your accountant, attorney and/or
tax adviser for specific advice.
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Education Funding and Planning |
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There are many challenges to face when looking for the best
education for a child you love. Paying for it is probably
the biggest challenge and one that needs to be addressed
early. There are many options when saving for education and
each has advantages and disadvantages.
We will review your goals and help you understand and
select the best options for your situation. Listed below is
a partial list of tools that can be used to help save for
education:
Coverdell Education Savings Account
529 College Savings Plan
Traditional IRA
Roth IRA
Uniform Gift or Transfer to Minor Act Account
Trust
Life Insurance
Non-Qualified Investments
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Investment Advice & Management |
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Investing is only one component of financial planning -
though certainly an important one. Therefore, we believe in
developing client-specific investment plans that emphasize
a classic diversification1 strategy. We further believe
that an appropriate investment policy can be designed only
after the initial financial planning process is complete
and a target return is established. For that reason, each
client has a personalized Investment Policy Statement
(IPS), which outlines the unique investment strategies
appropriate for the goals and objectives of that individual.
We then invest the assets according to the appropriate
asset allocation model as defined in the Investment Policy
Statement (IPS). These models are allocated amongst the
major asset classes of cash, stocks, bonds, and alternative
investments such as, but not limited to, real estate,
commodities, and precious metals. Furthermore, stock
allocations are divided amongst stock of foreign and
domestic companies as well as large, medium and small
capitalizations. Bond allocations are made to both foreign
and domestic government issuers and corporate bonds of
various ratings and duration. We also typically utilize a
variety of low correlation alternative investments in an
attempt to minimize risk.
1Diversification (and/or asset allocation) does not ensure
a profit or guarantee against loss; it is a method used to
help manage risk.
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Risk management |
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Every one of us faces a host of risks every day. Driving a
car, eating in a restaurant, crossing a busy street, owning
property, and sometimes just breathing constitute acts of
faith that can carry significant risk. When adverse events
cause losses that can be quantified in dollars, we can
anticipate them and manage them to mitigate the
consequences. Our insurance analysis services will help
inventory and assess areas of risk for our clients and
provide recommendations as to how best to manage the risk.
Managing risk can be done in several ways.
In most cases, risks that you cant readily handle or
predict are best transferred to a reliable insurance
carrier rather than retained by you. Therefore, because
risks are unavoidable, and transferring the risk is, in
many cases, the only viable option, insurance is the
bedrock foundation of any financial plan. We can review and
recommend strategies in any or all of the following
insurance areas:
Health Insurance
Disability Insurance
Life Insurance
Long Term Care Insurance
Liability Insurance
Property/Casualty Insurance
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John Engler
CFP, ChFC, CRPC
