Comprehensive Financial Planning

The overwhelming task of organizing the financial aspects of your life may require the assistance of a professional. Comprehensive Financial Planning is the process of evaluating an individual’s financial profile, risk management, and cash flow to determine if realistic goals and objectives can be attained.

Hillcrest Wealth Advisors provides a full range of customized financial planning services to high net worth individuals. We address all areas of an individual’s financial planning needs, including the following:

Analyzing cash flows over the long term is the first step in determining your ability to accumulate the assets necessary to fund lifetime needs. We consider and forecast compensation, living expenditures, tax costs, capital acquisitions, optimal uses of debt, the impact of inflation, investment returns, and annual savings required to accumulate necessary balances.

In designing your investment plan, we utilize the knowledge obtained and assumptions developed as a result of our analysis of the cash flow forecast and balance sheet positions. We design a tailored investment policy statement that incorporates your risk tolerance, expected average annual rate of return and investment time horizon.

We document your objectives, allocation guidelines, procedures for selecting and monitoring money managers or mutual funds, and securities guidelines. We design and document an optimal investment asset allocation attendant to your objectives, considering long-term capital market assumptions.

We may assist with implementation of the investment plan by negotiating appropriate minimum investment balances and fees with managers and funds. Often we suggest utilizing passive core strategy like Exchange Traded Funds (ETFs) in client portfolios.

The cost of a college education is increasing at a rate far outstripping the current rate of inflation, according to www.finaid.org.

With this in mind, accumulating an education fund balance with an appropriate asset allocation is a critical step in a financial plan. We help our clients evaluate 529 plans, gifting strategies, and other vehicles and techniques to meet their education funding goals.

Individuals often have improper types of insurance coverage when considering asset replacement objectives, funding long-term family needs, and other risk management exposures. We can aid in exploring all of your available options.

Our professionals evaluate your current living expenses and balance sheet to determine the cost for the family to continue in its environment in the event of an untimely death or disability. We then determine how much and what kinds of insurance are prudent. We review long-term disability income needs and income replacement, the appropriateness of long-term care insurance, the adequacy of property and casualty coverage, and professional liability exposures.

As client accumulate assets, effective management and estate planning help secure their financial future; making sure that tax exposure is minimized, and estate plan objectives and asset transfer goals are documented. We review your estate documents to ensure planning goals and gifting strategies are effective and tax efficient. We also examine current ownership of assets and liabilities, beneficiary designations, the titling of life insurance and equity compensation plan provisions to minimize unintended results.