Full Spectrum Financial Solutions has a client focus in two main demographics, high net worth individuals and small businesses.
Though not all high net worth clients are in transition, we have found our services most benefit those individuals who are getting ready to retire, those who have lost a loved one, changing jobs, sending their child to college, or looking to accumulate wealth for other various core financial goals. Many individuals desire a working comprehensive plan, designed o take a snapshot of their current assets and available finaincial resources. A comprehensive financial analysis helps to develop an implementable path for the client to follow as they look to achieve their financial life goals.
Services We Provide:
Cash Flow Analysis: budgeting.
Risk Management: review assets available for self insurance strategies versus the possible need for life, disability or long term care insurance.
Investments: portfolio designs geared for different client goals.
Tax Strategies: relative to investment portfolios and earned income, helping a client keep more of what they earn.
Retirement Planning: geared toward efficient income distribution and asset longevity. Review of company pension and rollover benefits.
Estate Planning: includes efficient transfer of assets to beneficiaries with an emphasis on the minimization of the wealth transfer tax liability.
When working with small business owners we focus on the integration of business and personal financial goals. We provide comprehensive financial planning across several core business financial areas, such as employee benefits, qualified plan strategies and various tax saving strategies. In doing so, we are poised to bridge the gap a small business owner is confronted with regarding their business and personal financial goals. Identifying these gaps and providing solutions that overlap between a client’s business and their personal financial goals, supports the idea that small business owners “are their business and their business is them”. A small business owner simply can’t go out and sell company stock to raise capital. They typically have to raise capital by borrowing money or utilizing personal assets. This can cause a significant strain in both business and personal financial planning. We address these issues with solutions that balance the need in both areas.
Services We Provide:
Qualified and Non-Qualified Retirement Plans:
2. Profit Sharing Plans
3. Defined Benefit Plans
4. SIMPLE and SEP IRA Plans
5. Executive Bonus Plans
6. Deferred Compensation Plans
Business Entity Structure Evaluation: single vs multi-entity, c-corporation, s-corporation, LLC, partnerships and sole proprietors.
Executive Compensation and Executive Personal Financial Planning
Employee Health and Related Employee Benefit Plans: human resouce and PEO offerings, group insurance and group long term care, group 529 college savings plans, section 125 (flex spending accounts).
Tax Reduction Strategies: welfare benefit plans (419e) and cost segregation plans.
Employee Financial Planning and Education Programs
Risk Management Programs: buy/sell agreements and funding, key man insurance and captive insurance concepts.