1. LENOX PERSONAL CFOTM
LENOX PERSONAL CFOTM
LIST OF SERVICES
Achieving financial success does not always simplify life. In fact, affluence generally increases the
complexity of the decision-making process. The greater one’s wealth, the more time and knowledge
must be invested in maintaining its growth, protection and ultimate distribution.
PREPARATION AND IMPLEMENTATION OF YOUR ASSET MANAGEMENT
FINANCIAL PLAN
• Review and recommendations on overall
• Fact Finder session to gather information
asset allocation.
and formulate your Money Constitution—the
• Manager review analyses through third
foundation, values and motivations driving your
parties such as Standard Poor’s and Lipper.
family’s financial personality.
• Specific retirement investment recommendations
• Construction of your Personal Wealth
and an investment review across all taxable vs.
Management web site.
qualified accounts for tax-efficient strategies.
– ccount aggregation which provides automatic
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• Provide 401(k) strategy and allocation
daily updates on your Financial Plan.
recommendations.
– aulting of all personal documents in a secure
V
but accessible location. INSURANCE
• Customized Financial Plan presented to help
• Life, Disability Income: review existing coverage
establish and reach your financial goals. and analyze need.
• Action Items List created to map out the steps
• “In-Force” analyses every three years on existing
needed to execute the Plan. policies to determine their ongoing performance.
• “Lenox On-Call”—access to our team of CFP®
• Long Term Care Insurance analysis for the client
practitioners supported and/or parents.
by experienced staff throughout the year.
• Auto, Homeowners, Umbrella Liability—review
deductibles, identify gaps.
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ESTATE PLANNING *
• Due diligence/monitoring of insurance
• Review of Wills, trusts and asset titling to
companies’ financial strength.
ensure these meet your wishes and work
within current law.
RETIREMENT/CASH FLOW MANAGEMENT
• Sophisticated estate planning recommendations
to help minimize your potential estate tax • Goal Modeling – “What if” scenarios,
exposure. e.g., effects of earlier retirement, a major
purchase, etc.
• Real estate and business assets held in LLCs
for liability protection, probate avoidance. • Cash Flow and Budgeting.
• Review your beneficiary designations for your
• Monte Carlo simulation modeling to provide
retirement plans and insurance policies. “best/worst” projections.
• Crummey Notices: preparation, execution,
vaulting for eventual estate tax audit.