The Importance of Investing
You've worked hard for what you have and deserve to have the future you want. Your financial future depends in large on decisions you make today. When you take the time to build a financial plan you are taking the first step in achieving your goals and we will be there with you every step of the way.
Why Invest?
Developing an investment plan requires you to quantify your goals and could greatly improve your chances of achieving the retirement you have dreamed of. It could help maximize the chances of meeting the objectives in your financial plan that best aligns with your financial goals.
Regardless of the state of your current financial picture, it's always a good idea review your financial plan and understand how it relates to your financial goals and be aware of the options you can take that can help your financial well-being.
Why Have a Financial Consultant?
Having the support and knowledge of a Financial Consultant may improve your chances of having a more secure future for you and your loved ones. We can help guide you through the process and navigate you through the steps you should be taking that best align you to reach your financial goals. You may even discover new opportunities that you didn't think of or better understand the ones you do have and how you can improve them to better fit your specific needs.
Life Stages Financial Planning
The investment strategies and tactics for achieving short-term goals are very different from those used to accomplish long-term ones. Managing for tax efficiency plays a key role every step of the way.
Accumulate
In the accumulation phase you are working hard to build assets, support the household, save for college and, hopefully, set aside money for retirement. When it comes to investing in this phase, every dollar counts because dollars invested early will work hardest for you later.
Spend
Phase two is retirement. During this phase, you're likely living on a reduced income but now have the time to do things you enjoy. If you've planned adequately and factored in the potential for higher medical expenses along with your monthly bills, you should have enough extra money for a good quality of life.
Release
The release phase begins upon your death when your heirs and charitable organizations can benefit from your generosity. Tax-efficient estate planning gives you the satisfaction of offering a leg-up to your children and grandchildren or a little bit of hope to the less fortunate.
How Do You Get There?
Below we outline the steps in the financial planning process, which is modeled on the recommendations of the Certified Financial Planner Board of Standards, Inc.
1. Establish Objectives
- Discuss goals, means, dreams, time frame, risk tolerance & benchmarks
2. Gather Information
- Documentation
- Work through objectives & build planning consensus
3. Analyze + Evaluate
- Analyze assets, liabilities, cash flows, insurance & tax strategies
- Discuss likely scenarios & degree of comfort to achieve goals
4. Review Recommendations
- Discuss & agree on approach
- Finalize start plan
5. Implement Plan
- Allocate existing holdings to reflect investor profile
- Buy and/or sell financial instruments for allocation plan
- Acquire and/or retire insurance policies as per plan
- Set up automatic savings and/or investment plans
6. Review, Monitor, + Adjust
- Monitor performance regularly
- Review goals & objectives
- Review new opportunities as they arise
- Update plan as changes occur in life circumstances, goals & means
Services for Business Clients
From employee benefits programs to executive compensation plans to business exit and succession planning, we bring all the necessary knowledge and experience to the table to deliver innovative, tax-efficient solutions to help businesses stay competitive and thrive.
Employer Benefits Planning
- We specialize in helping employers develop cost-effective benefits programs and executive compensation plans to help attract and retain valuable employees.
- Group Insurance Plans
- Disability Insurance
- Health Insurance
- Premium Financing
- Retirement Plan Services
- Defined Contribution Plan Services
- Defined Benefit Plan Services
- Insurance-based Retirement Plans
Business Succession and Exit Planning
We help small business owners prepare to exit or retire under the most favorable financial conditions. We look at key issues such as whether the business will be capable of distributing enough income to principals post departure and developing strategies to maximize value in the short and long terms. Where appropriate, we coordinate the development of a business succession and exit plan with bankers, attorneys and accountants.
About Ameriprise Financial
As a longstanding leader in financial planning and advice, Ameriprise Financial helps clients navigate the present without losing sight of the future.
Ameriprise Financial has remained true to its vision of putting its clients' interests first for more than 125 years. Ameriprise Financial and its subsidiaries serve more than 2 million individual, business and institutional clients, with more than $1 trillion in assets under management and administration.1
View the Ameriprise FINRA BrokerCheck listing.
Products and services available through Ameriprise
- Financial planning
- Retirement planning
- Investments
- Funding education expenses
- Insurance and annuities
- Estate planning strategies
- Retirement income strategies
- Tax planning strategies
1 Company Reports
2 Ameriprise Financial Q2 2024 Earnings Release.
We have a partnership with Ameriprise Financial Services to provide financial planning services and solutions to our clients. We are not an investment client of Ameriprise, but we have a revenue sharing relationship with them that creates a conflict of interest.
Details on how we work together can be found on ameriprise.com/sec-disclosure.
Investment Products:
| Not FDIC or NCUA Insured | No Financial Institution Guarantee | May Lose Value |
Ameriprise Financial Services, LLC is not an FDIC insured bank; FDIC insurance only covers the insolvency of FDIC-insured banks.
Ameriprise Financial cannot guarantee future financial results.
Ameriprise Financial Planning Services are optional, offered separately, and priced according to the complexity of your case and your financial advisor’s practice fee schedule. Your fees and financial advisor may be subject to change.
Financial planning is generally appropriate if you have financial goals, sufficient assets and income to address your financial goals, and are willing to pay an investment advisory fee for recommendations to help you achieve those goals. Please review the Ameriprise Financial Planning Client Disclosure Brochure or, for a consolidated advisory relationship, the Ameriprise Managed Accounts and Financial Planning Service Disclosure Brochure, for a full description of services offered, including fees and expenses.
Ameriprise Financial, Inc. and its affiliates do not offer tax or legal advice. Consumers should consult with their tax advisor or attorney regarding their specific situation.
Investment advisory products and services are made available through Ameriprise Financial Services, LLC, a registered investment adviser.
Securities offered by Ameriprise Financial Services, LLC. Member FINRA and SIPC.
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