CUSTOMIZED FINANCIAL PLANNING
In addition to investment management, Harold C. Brown & Co. provides a complete menu of financial planning services for our clients. This allows each client to select the particular service which meets his or her individual needs. These services include retirement planning, estate planning, trust advisory service, education planning, income tax planning, cash management, and special, one-time event planning. Whether a client would like advice in one specific area, or a comprehensive plan, our financial planning department will tailor its services to meet each client’s needs.
In developing the financial plan, we work directly with our client’s other advisers, including attorneys and accountants, to develop the most beneficial strategies. Working with these specialists, we examine a wide range of personal and financial factors: a client’s age and the ages of family members, current and future sources of income, tax status, debt levels, future obligations such as college tuition, investment holdings and objectives, retirement goals, medical issues, long-term care and other insurance needs, plus estate settlement issues.
Based on the service selected by the client, and the information we receive, we develop an individualized financial plan, which we review with the client. Each plan is designed to be consistent with the risk tolerance, time horizons and performance expectations information provided by the client. The most important part of the plan is the customized recommendations section, which gives the client a specific action plan on how best to achieve his or her financial and lifestyle goals.
Because financial planning is an ongoing process, the client’s financial plan will be reviewed periodically to assess the progress in achieving the goals of the plan, and to discuss any appropriate recommendations to modify the plan.
Throughout the financial planning process, our goal is quite simply to assist our clients in accomplishing their financial objectives.
Trust advisory service
We assist trustees in fulfilling their fiduciary obligations, while seeking to achieve the objectives of both the donor and the trust beneficiaries. Mindful of these objectives, we develop an investment policy statement and an overall investment strategy. Using our knowledge of current tax law, and working in conjunction with the trust’s tax and legal advisers, we help develop a tax efficient strategy.