As life progresses and changes occur, additional segments of the HFG process will be employed, ensuring our clients enjoy the confidence that comes from working with an advisor who can consult on all financial decisions throughout a lifetime.
Without direction and discipline people typically make impulsive, random decisions. Over time, different pieces of their financial puzzle not only do not fit together, but may conflict with the original goals.
Our wealth and portfolio management goes beyond just the accounts HFG manages. In order to ensure we have a complete picture of our clients overall financial position, we also consult on accounts held away such as 401ks and private placements. This comprehensive view allows us to avoid overlapping and inefficient investment decisions.
Financial & Retirement Planning
There is an important difference between a financial plan and financial planning.
A financial plan is a transaction. The minute one material change occurs in life, that plan is obsolete.
We engage our clients in a financial planning process. Financial planning is ongoing, fluid and dynamic-it’s not transactional. When critical life events occur, the initial plan may be rendered obsolete, but the HFG process continues and places the next piece of the puzzle into the proper place in the overall process.
There are many types of risk addressed in a well-drafted plan–risk caused by stock market declines, economic instability, death, disability, long term care, loss of income and damage to assets like a car, or house. These unforeseen events can have devastating financial implications to finances and alter the anticipated outcome of a financial plan. While risk may be impossible to avoid, through proper planning, risk can be managed.
Planning to reduce taxes is a critically important piece of the overall financial planning process. By employing effective tax planning strategies, you can have more money to save and invest, or more money to spend, or both. HFG engages CPAs in our process so our clients have access to professionals who specialize in consulting on specific tax needs.
Many investors have spent 40-plus years building their wealth to reach the inflection point of financial independence. Once reached, the question of “Will I have enough?” turns to “What will become of my legacy?” Continuity and succession planning helps our clients ensure that when the time comes to begin transitioning assets to the next generation, those assets are invested, managed and distributed efficiently and in a manner most appropriate for the beneficiaries.
While HFG is not a mortgage broker and doesn’t sell lines of credit, we engage and consult with our clients in discussions to ensure decisions that are made in one area of their financial life are complimentary to the long term goals of the family.
When a client reaches the point of financial independence, they begin to think it’s not just what money is, but what money does. It’s not just how much I have, but who I can help. When appropriate, charitable giving and foundations can be very useful planning tools.
At the core of the Harding Financial Group philosophy and process is our belief that relationships matter. We cultivate relationships through value-added services such as meeting with current or future beneficiaries and explaining the estate plan and the functionality of how money will move. Or perhaps a single individual would like us to attend a financial meeting between them and an assisted living facility to ensure the billing and arrangements are appropriate. Maybe a college student child of a client has a few basic financial questions, but no one to ask. We invite them to the office, or get on the phone and answer any questions they have. HFG advocates for our clients and engages in the process to ensure our commitment to relationships and sound investment advice is fulfilled.