Many firms only deal with investing. We believe that affluent clients are best served by a comprehensive wealth plan.
We follow our 3D planning process to understand your goals, needs, and vulnerabilities. Then we build a financial plan that addresses key areas of your wealth.
Long-Term Cashflow Analysis
We listen carefully to understand your goals and the lifestyle you want to enjoy now and in the future. We translate this into a financial model of how your income and expenses change over time, what assets you may buy and sell, and how this affects your net worth. This process aligns your values and goals with your finances.
Retirement Readiness
Using your long-term cashflow plan as a foundation we focus on how you can enjoy your ideal retirement. This includes your lifestyle, travel, important relationships, hobbies, and your health. Our goal is to help you enjoy your retirement regardless of stock market conditions or volatility. We evaluate key issues such as when to claim social security, how to invest during retirement, Medicare options, annual income and tax planning, and declining health. We also help clients prepare for the mental and emotional challenges in retirement that often surprises new retirees. Our process helps you feel confident and secure in your retirement plan.
Investing
We follow our Investing Process to create an investing strategy and asset allocation to help you reach your goals and stay within your risk tolerance. You’ll have a portfolio that you understand, feel comfortable with, and is aligned with your goals.
Asset Protection & Insurance Gap Analysis
Do you have the right kind and amount of insurance to protect yourself, your loved ones, and your assets? We help you determine what the appropriate coverage and amounts are for the following types of insurance. You can feel a sense of peace and security knowing you and your loved ones are better protected.
Life insurance
Disability insurance
Home, Auto & Umbrella
Long-term Care
Key man life insurance
Key man disability insurance
Tax Planning
Have you wondered if you were paying too much in taxes or missing tax planning opportunities? We work with your tax and legal advisors to review your current year taxes, avoid surprises, identify opportunities to reduce your tax burden. We take steps to reduce taxes related to your investment portfolio such as reducing turnover, developing a capital gains tax budget, and allocating assets carefully between your taxable and retirement accounts to limit unfavorable tax treatment. We also evaluate the potential for estate or gift taxes and help develop strategies to avoid or reduce them. Our process helps you avoid tax surprises and take advantage of opportunities to lower your tax burden.
Estate Planning & Preparing Heirs
We help you prepare an updated estate plan that helps ensure your loved ones are provided for and your assets transfer in the way you want. We help clients anticipate and avoid situations that could cause conflict among their children or heirs. Our process helps parents navigate complex questions such as when to gift assets, family loans, unequal inheritances, and when children can access to wealth. We can also educate and prepare your children or heirs to receive family assets and become stewards of family wealth.
* Summit Hill Wealth Management, LLC does not offer tax planning or legal services, but may provide references to accounting, tax services or legal providers. They may also work with your attorney or independent tax or legal advisor.