Financial planning is at the core of our relationship with you.

Financial Planning

Financial Planning & Management

Financial planning is a critical first step to achieving your personal financial goals and therefore is at the core of our relationship with you. We believe your needs are best met through a formal financial planning process designed to determine where you stand relative to your long-term goals, such as retirement. The planning process will help you and your advisor make informed decisions to better control your finances and your future. The planning process is the basis for a roadmap to help you accomplish your goals. Your personal financial plan will be based on independent, unbiased advice, and be fully integrated with your tax and estate planning objectives. 

Your HBKS® wealth advisor will introduce you to our personal financial planning process, and lead you through a conversation designed to reveal and prioritize your goals. We will cover such issues as cash and debt management, investment planning, protection planning issues including life insurance and disability income, personal income tax obligations, retirement planning, asset protection and estate distribution goals. The process leads to a detailed personal financial analysis summarizing each goal, your current progress toward those goals, and a thorough set of written recommendations with specific action steps designed to help you reach those goals.

Our approach to comprehensive financial planning involves the following:

Your HBKS® wealth advisor will ensure that your financial plan focuses on your personal and financial goals. We develop a detailed understanding of your current financial condition and the progress you have made toward meeting your financial goals. More importantly, we work closely with you to intimately understand your needs and aspirations.

Through the goal discovery and planning process we will address important issues such as:

  • When will you be able to retire?
  • What will your income be if you are disabled, and how long will it last?
  • What will be the financial impact to your family if you die?
  • How much do you need to save for your children’s college education?
  • What is your projected tax liability for the next three to five years?
  • How much will it cost to settle your estate based on your current estate plan?
  • What is your tolerance for risk?
  • How much volatility is your investment portfolio currently exposed to, and what is the expected return on your portfolio?

You and your HBKS® wealth advisor benefit from the support of HBKS® experts in a vast array of financial disciplines in producing your recommended action plan, a blueprint for your financial future. The plan will address all areas pertinent to your financial objectives, such as:

  • Cash flow and retirement planning
  • Asset management
  • Protection planning concepts and tools
  • Estate and trust administration
  • Tax guidance
  • Business succession
  • Wealth transfer strategies

After data gathering, analysis and formulating recommendations, we work with you to implement the strategies outlined in your financial plan. You can be confident that you are entering a long-term, personal partnership. Your plan is dynamic and will change based on fluctuations in the financial markets, revisions to tax law, and adjustments to your personal goals and financial situation.  To that end, we provide ongoing, periodic updates on your progress and keep your plan current. At your request, your HBKS® wealth advisor will work with your attorney, accountant and other advisors to ensure all your financial planning is well coordinated.

Your HBKS® wealth advisor has access to the tax and estate planning resources of HBK CPAs & Consultants. HBK is one of the nation’s “Top 100” accounting firms, and we benefit from their extensive expertise and resources in personal income tax planning, corporate and business tax planning, and personal estate planning. Personal financial plans prepared by your HBKS® wealth advisor can be reviewed and reflect the input from HBK’s tax professionals.