Wealth Management Capabilities

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Personal Financial Planning

Building a roadmap to financial stability gives you the freedom to pursue your lifetime goals from living comfortably in retirement to contributing to charity and preserving your legacy for future generations.

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Asset Management

With the guidance of a skilled asset manager, your hard earned dollars can grow and begin to work for you, long after you have worked for them.

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Debt Management

Debt is a powerful tool that must be carefully used in financial planning. Our planners can assist you in managing debts and find where debt fits into your long-term plans, so that you can leverage opportunities.

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College Savings

Determining how to save for your child’s education can be one of the trickiest aspect of financial planning.

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Estate Planning

Estate planning ensures that you can continue to contribute to your family after you can no longer care for them.

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Retirement Planning

Retirement should be exciting and free of financial stress. We can offer a retirement plan that addresses your specific needs and concerns.

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Insurance

We partner with leading insurance providers, ensuring your advisor access to the best life, health, disability and long-term care insurance policies available.

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Tax Management

Taxes are a hidden component of every financial decision and action. Our advisors can help you manage your taxes and make financial decisions that minimize tax consequences.

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Corporate Services

Businesses and business owners have planning needs that differ from typical individuals. We offer corporate planning services that complement personal planning services for business owners.

Personal Financial Planning

Financial planning is essentially building a roadmap to financial stability, giving you the freedom to pursue all of your lifetime goals — whether that means living comfortably in retirement, contributing to charity, or preserving your legacy for future generations. Financial plans are built on past, current and future financial decisions, incorporating basic living expenses, salaries, your investment portfolio, real estate holdings, personal debts, business affiliations and future financial obligations. Gathering all of this information and transforming it into a coherent plan takes finesse coupled with experience.

At Steel Peak, our financial planning experts can assist you in composing a tailored financial plan taking into account your assets (from insurance policies to stock options), debts (including mortgage and credit card balances), personal risk tolerance for investments, major life event expenditures (such as paying for your child’s education), and tax consequences of any future decisions. When your comprehensive plan goes into action, our goal is that all financial considerations are made so that the different components of your financial life work in accordance to help you reach your goals.

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Asset Management

Properly managing your assets is one key to ensuring that you will be able to fulfill your financial plan. Our goal is that with the guidance of a skilled asset manager, your hard earned dollars can grow and begin to work for you long after you have worked for them. Our advisors have a multitude of resources available to provide the right portfolio solution to meet your unique needs. Our dedicated team of investment professionals at Steel Peak manages a wide array of investment strategies.

With a customized asset management strategy in place, your long-term financial goals become tangible. Our planning professionals have honed their strategies and gained valuable experience over considerable careers advising on the management of stock and bond portfolios, real estate assets, alternative investments, insurance policies and other assets. Our advisors are prepared to lend their experience and expertise to help you craft a plan that puts your goals within reach.

At Steel Peak, our wealth advisors are well versed in all asset classes, keeping your investment management in line with your overall financial plan.

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Debt Management

Debt is a powerful tool that must be carefully used in financial planning. Too much debt can disrupt your future plans, while too little suggests you may not be leveraging every opportunity available. Debt can be a tool for financing large financial decisions while preserving your immediate cash reserves. However, relying on debt without having a plan in place can create a substantial burden.

Managing debt requires an experienced mind that is accustomed to leveraging debt for short-term benefit without jeopardizing long-term capabilities. Our wealth advisors can find where debt fits into your long-term plan, so that you can leverage opportunities. If you are currently feeling the weight of a high volume of debt, a wealth advisor can assist you in creating a payment schedule to help you return to a manageable position.

At Steel Peak, our wealth advisors are well-versed in debt management practices that can help you realize the full potential of your small business, or your personal accounts. Debt is an important input to a financial plan, because it can expand your reach, and create potentially greater returns. However, we can ensure that downside risks are understood and mitigated.

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College Savings

Determining the best way to save for your child’s education can be one of the trickiest aspect of financial planning. With tuition at all-time highs and still trending upward, including college savings in a financial plan is imperative. Saving for education is an investment in your child’s future, and we have found that one can never start too early. Unfortunately, we see that many families do not realize that they have not saved enough for the cost of education until it is too late. Student loans inevitably fill the gaps left by poor planning, creating financial stress for the family and the student.

For most families, it is unlikely that parents alone will be able to save for the full cost of higher education. Fortunately, there are many options available to help so that they do not have to shoulder the entire financial burden alone. The 529 Plan is the government’s gift to cash-strapped parents looking to save for their child’s education. 529 Plans allow multiple family members to contribute to a child’s education, and the appreciation of these contributions is tax-exempt if used to fund educational expenses. This presents a clean and simple way to help pay for a now expensive college education.

At Steel Peak, we understand your concerns for your child’s future. Our advisors, many of whom have children themselves, can work with you to build a savings schedule to ensure maximum long-term savings and growth while minimizing the burden it places on your immediate future.

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Estate Planning

Estate planning is arguably one of the most important aspects of holistic financial planning — ensuring that you can continue to contribute to your family after you can no longer care for them. A properly structured estate passes your resources on to the next generation while minimizing burdens such as tax exposure, transfer of debt and litigation. You’ve built your estate over a lifetime of hard work and achievement. Believing that the work stops there is a serious mistake. Without an estate plan, not only might your legacy be lost, it could also weigh down your heirs. A comprehensive plan mitigates these risks, and your legacy can become what you envision.

At Steel Peak, our advisors work directly with estate planning attorneys to compose your personalized plan. This ensures that all financial considerations are accounted for and that your wishes will carry legal weight when executing your estate. No two plans are alike. However, we will work to ensure that your plan reflects you.

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Retirement Planning

After years of work and saving diligently for the next chapter in your life, retirement should be exciting and free of financial stress. According to your unique situation, we can offer a retirement plan that addresses your specific needs and concerns.

Choosing how to save for your retirement is complicated. There are many account offerings, each with their own contribution rules and tax consequences. Determining which account best suits your circumstances is imperative and can be the difference between having adequate savings and working beyond your anticipated retirement age. When considering retirement savings, important factors include pensions, qualified retirement plans, company contributions, amount and timing of personal contributions, current and future tax brackets, desired retirement age and living standards, as well as every aspect of your financial landscape.

At Steel Peak, it is our sincere hope that a stable and comfortable retirement is accessible to everyone. Our retirement experts offer access to Individual Retirement Accounts (IRAs), as well as investment management services and savings plans for qualified (tax-deferred) corporate retirement plans.

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Insurance

A proper insurance policy can keep you protected from unanticipated life events. There are a range of insurance policies at your disposal, including life, health, disability and long-term care insurance.

If you are injured and unable to work, disability Insurance can provide monthly income to offset lost wages until you can return to work. If you or a family member experiences an unexpected medical emergency, the costs of treatment in today’s world are often prohibitive or unreasonably expensive. Health insurance can ensure you are not saddled with the full cost of treatment, so you can resume your normal lifestyle. In the unfortunate event of your or a family member’s passing, life insurance can help cover the cost of the funeral or other end-of-life expenses. Depending on the policy, life insurance can also retain a cash value, dually functioning as an insurance policy and savings vehicle.

Because many types of policies are available in each category of insurance, choosing the best insurance for your circumstances is a daunting task. Our advisors can assist you in navigating this process. At Steel Peak, we partner with leading insurance providers, ensuring your advisor access to the best life, health, disability and long-term care insurance policies available.

Insurance products are sold through Steel Peak Estate and Insurance Agency

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Tax Management

Taxes play a role in every financial decision and action and thus are hidden in every aspect of your personal financial plan. In this country, tax evasion is a serious offense, while tax avoidance is a legal and acceptable seasonal pastime. Tax avoidance is characterized by paying the lowest legally acceptable amount of your tax liability through deductions, deferred plans and exclusions. The tax code is so dense that even the IRS has trouble keeping up with loopholes and unintended policies, and attempting to manage your own taxes is overwhelming.

At Steel Peak, your wealth advisor can help you make decisions with minimal tax consequences. Our advisors are equipped to give guidance on the potential tax implications of decisions in your financial plan. Many of them also partner with CPAs and tax attorneys to help counsel in special situations, allowing you to minimize your tax liability while complying with all applicable laws. In the end, our goal is that every consideration is made in every component of your financial plan, and that the resulting decisions put you one step closer to realizing your goals.

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Corporate Services

As a business or a business owner, your planning needs differ from those of a typical individual. We offer corporate planning services to complement personal planning services provided to business owners. Common problems faced by businesses today include poor cash management, lack of long-term employee compensation plans, and a lack of succession plans for both the owner and the business. With these deficiencies, your business may not be operating to its full potential.

At Steel Peak, our advisors can design a cash management plan to develop your business through prudent investment. While holding cash is a necessary measure for any company, finding the balance between cash and capitalization can mean the difference between long-term health and stagnation. Our advisors are also experienced in implementing and managing corporate retirement plans, enabling you to reward and retain your employees while helping them secure their own futures.

Finally, most companies are hesitant to have a succession plan in place, because it requires an admission that the founder or owner will not remain in control in perpetuity. However, succession plans are vital to the long-term success of any company. In the event of a potential sale, a succession plan can increase the attractiveness of the company to a potential buyer, smoothing the transition process and limiting interruptions.

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