Let us be your Financial Compass.
If you’re like most people, you probably have many questions and concerns regarding the health of your financial future, such as:
- Is my financial plan missing key components, unorganized, or even nonexistent?
- Do I have several different financial representatives managing my investments, retirement plan, taxes and insurance?
- Do I find myself second guessing my financial decisions and do they tend to be made emotionally?
If you answered “yes” to any of the questions above, you may be setting yourself up for a volatile financial future. The COMPASS program was designed to integrate all aspects of your financial profile and provide you with the financial confidence that you deserve. Not only does the program alleviate the stress of multiple financial outlets, but we also provide you with instant access to all your financial accounts in one convenient place.
What is the COMPASS program and how does it benefit you?
Lighthouse Wealth Management’s integrative COMPASS program provides a unique, financial service solution for high net worth individuals (minimum account – $500,000) under one roof. The program starts with a customized financial plan that is designed to help you pursue even your most lofty goals and dreams. By offering clients affordable financial planning and investment advisory services complete with annual tax preparation and estate planning documents, we provide a holistic approach to financial planning.
Exactly what types of financial services will you receive?
With the COMPASS program, you’ll benefit from a wide range of financial services that help address your financial future, including:
- A Customized Financial Plan
- A Dedicated Team
- On-going and Active Investment Management and Monitoring
- Annual Tax Preparation and Planning
- Preparation of Estate Planning Documents
- Access to Educational & Social Events
A Customized Financial Plan
Your journey starts with a complimentary consultation that allows us to discuss your unique financial situation and to gather the information necessary to prepare your own personalized financial plan. Your financial plan will focus on those goals that you have articulated and will give specific recommendations on how to pursue them. We will discuss your risk tolerance, expectations for returns, various investing styles, and how we manage money. The financial plan that we produce for you will typically incorporate the following:
- A Net Worth Statement
- An Income and Expense Statement
- Retirement Income Projections
- Portfolio Analysis
- Investment Strategies
- Asset Allocation
- An Estate Planning Analysis
- College Funding Projections
- Employer Benefit Maximization
- Insurance Analysis
A Dedicated Team
Success often leads to complexity. The more assets you accumulate, the greater the need for investment, tax and legal advice. Once you come aboard, you have a team of 3 to 5 individuals that you can count on to help you navigate your way to a successful financial outcome. This typically includes:
- Lead Advisor
- In-house Tax Accountant
- An estate planning attorney will meet with you on-site
- Service Director
With each of these areas becoming more closely intertwined, it is important to have a coordinated effort among these professionals in order to maximize your chances of meeting your goals.
Investment Management and Monitoring
As a client, we will consistently review your investments and make changes as warranted. Our investment committee, led by our Director of Research, Henry Becker, CFP, meets weekly to discuss both potential problems and opportunities that markets are posing. We have several investment models that we use as a basis for building client portfolios. These models are monitored daily and change based on the fundamentals of the economy and technical analysis.
Annual Tax Prep and Planning
In 2009, we formed Lighthouse Tax Services LLC with the goal of providing our COMPASS clients with integrated tax planning and annual tax return preparation. As part of our COMPASS program, there is no additional charge. Having an intimate knowledge of our clients’ investment, estate and tax situation allows us to implement tax savings strategies that may be overlooked when dealing with outside CPAs or tax professionals.
Preparation of Estate Planning Documents
While we are qualified to provide estate planning advice, the preparation of estate planning documents should be provided by an estate planning attorney. We have retained Craig Habicht, Esq., of Estate Planning Associates, to prepare basic estate planning documents (Wills, Powers of Attorney, Living Wills and Medical Directives) for our clients. This is part of our COMPASS program and is also available at no additional cost.
Craig Habicht is not affiliated with First Allied Securities, Inc.
COMPASS Concierge Services
COMPASS clients receive a comprehensive lists of concierge level services including:
- Quarterly Performance Reports
- A Weekly Market Update Newsletter
- Quarterly Conference Calls
- Document Shredding
- Notary and Signature Guarantee
Additionally, our technology offers convenient 24-hour, 7-day-a-week, and 365-days-a-year access via your own personal web page. There, you can view your accounts with us and any additional accounts for which you have online access, such as checking and savings accounts, 401(k) and employer plans, brokerage accounts, mortgage loans, credit cards and frequent flyer programs.
You will also have access to your very own online vault. This encrypted vault is a secure way for us (and you) to transmit documents or statements securely over the Internet. In your vault, you will have 24-hour access to your items such as: tax returns; performance reports; will and estate planning documents. Many of our clients like to store copies of their birth certificates or passports as well.
Access to Educational & Social Events
Throughout the year, Lighthouse Wealth Management will host various educational forums in order to keep clients abreast of what is happening in the financial world. Past events have included speakers covering topics such as taxes, long term care issues, real estate investment trusts, estate planning, the economy and international investing.
In addition to educational gatherings throughout the year, we host several social events that give us an opportunity to get to know one another better in a low key, relaxing atmosphere. We also sponsor a “Shredding Party” after tax season to accommodate our clients with the “spring cleaning” of sensitive documents and bring awareness to the importance of protecting ourselves from identity theft. Our annual Client Appreciation Event is typically the largest event of the year and has ranged from an evening enjoying Phantom of the Opera, Cirque Du Soleil, to a “Casino Night” and Tailgating. These are always a memorable events for our clients and the entire Lighthouse team.
Is the COMPASS program right for you?
The COMPASS program provides a complete financial services package to meet the needs of professionals and retirees alike. If you would like to have coordinated access to investment, tax, and estate planning advice from a team of qualified experts, contact us today for a complimentary consultation. Let us be your financial COMPASS.