At Prairiewood, we understand that both identifying appropriate financial strategies as well as implementing them can be challenging. Let’s face it, doing anything for the first time is typically more difficult than doing it the second time. Prairiewood has gone through the process with each of our clients, and we have gained the experience to guide you as you put the pieces of your financial puzzle into place.
Our wealth management consultative process begins in our first meeting which includes a detailed discussion of your interests, values, goals, relationships, and finances. We then consider where you currently are, where you would like to be, and how we can help you get there. We break our analysis into four primary categories, wealth enhancement, wealth protection, wealth transfer, and for those who are inclined, charitable giving.
Wealth Enhancement – Wealth enhancement includes the consideration of tax planning to reduce or defer taxes as well as retirement planning to maximize the benefit of retirement savings. In addition to these broad wealth enhancement areas, there are also many options that may be unique to your situation.
Wealth Protection – Wealth protection includes the consideration of all major risks to ensure they are adequately addressed and there is no unintended liability exposure. If unmitigated risks are identified, we will discuss the potential exposure so that you can determine whether it is a risk you are willing to assume or whether it should be addressed.
Wealth Transfer – Wealth transfer includes the consideration of what will happen should you become incapacitated or pass away. Many individuals know who they would like to have care for them or where they would like their assets to go in the future; our job is to help them understand the steps that need to be taken so that their wishes are carried out at that time.
Charitable Giving – Charitable giving includes the consideration of what organizations you would like to support and in what amounts. While charitable giving may seem like a simple process, there are tax incentives that can increase the efficiency of contributions. We will consider your objectives and recommend the most tax efficient way to make the contribution.
Our wealth management consultative process begins in our first meeting which includes a detailed discussion of your interests, values, goals, relationships, and finances. We then consider where you currently are, where you would like to be, and how we can help you get there. We break our analysis into four primary categories, wealth enhancement, wealth protection, wealth transfer, and for those who are inclined, charitable giving.
Wealth Enhancement – Wealth enhancement includes the consideration of tax planning to reduce or defer taxes as well as retirement planning to maximize the benefit of retirement savings. In addition to these broad wealth enhancement areas, there are also many options that may be unique to your situation.
Wealth Protection – Wealth protection includes the consideration of all major risks to ensure they are adequately addressed and there is no unintended liability exposure. If unmitigated risks are identified, we will discuss the potential exposure so that you can determine whether it is a risk you are willing to assume or whether it should be addressed.
Wealth Transfer – Wealth transfer includes the consideration of what will happen should you become incapacitated or pass away. Many individuals know who they would like to have care for them or where they would like their assets to go in the future; our job is to help them understand the steps that need to be taken so that their wishes are carried out at that time.
Charitable Giving – Charitable giving includes the consideration of what organizations you would like to support and in what amounts. While charitable giving may seem like a simple process, there are tax incentives that can increase the efficiency of contributions. We will consider your objectives and recommend the most tax efficient way to make the contribution.