Comprehensive
Financial Planning
Our Pillars
Financial planning is at the heart of everything we do. We go far beyond spreadsheets and projections to create a dynamic financial roadmap tailored to your unique circumstances, values and aspirations. Our comprehensive approach allows us to address the various aspects of your financial life so you can make decisions with clarity and confidence. We do this using the most technically advanced financial planning software used by many top financial institutions. Your life will change when we help you chart a course.
Based on your specific needs and objectives, we can help you navigate the following:
Goals-Based Financial Planning
Our goals-based planning approach means that we focus on pursuing your specific life goals, rather than chasing arbitrary performance goals or trying to beat a designated benchmark.
We start by taking the time to understand the exact goals you hope to achieve, then we establish a plan to help you get there. Examples of common goals include:
- Building and maintaining a solid emergency fund to cover three to six months of living expenses.
- Paying down high-interest debt while continuing to save for the future.
- Saving for a first home or major life event.
- Maximizing your retirement plan contributions.
- Funding future family needs such as childcare or college expenses.
- Creating flexibility for career changes, a new business venture or extended travel.
- Aligning investments with personal your values and lifestyle choices.
We support you in achieving these goals by providing:
- Multi Year Cash flow projections
- Scenario Modeling
- Debt management strategies
- Net worth statements
- Portfolio stress-testing
- Dynamic, customizable projections and “what-if” scenario analysis
- Vesting schedules
We support your retirement goals with a variety of strategies to help you transition to life’s next chapter with confidence. Our retirement planning services include:
- Establishing a monthly income stream to support your lifestyle expenses.
- Managing your investment portfolio to support both your short-term expenses and your long-term growth requirements.
- Planning for major expenses, such as long-term care and medical emergencies.
- Establishing a tax-efficient withdrawal draw-down strategy.
- Optimizing your Social Security and Medicare benefits.
We take a proactive, year-round approach to minimizing your tax exposure across the various aspects of your financial life. Based on your specific needs and challenges, we may incorporate any combination of the following tax minimization strategies.
- Tax-loss harvesting
- Tax bracket optimization
- Tax-efficient retirement withdrawal strategies
- Tax diversification across taxable, tax-deferred and tax-exempt accounts
- Asset location
- Roth conversions
- Equity compensation timing
- Tax-efficient business entity structuring
If your long-term goals include providing a financial legacy for the people and causes that matter most to you, it’s important to start planning early.
At De Maine Wealth Management, we are supported by dedicated estate planning attorneys, CERTIFIED FINANCIAL PLANNER© professionals and CPAs at LPL financial. The LPL estate planning department is composed of hundreds of employees dedicated to helping advisors develop lasting legacy strategies that align with their clients’ overall financial plans and future goals. We are also glad to work directly with your outside estate planning attorney to help ensure your legacy strategies are in line with your overall financial goals.
Depending on your specific needs and objectives, we can help you implement the right combination of the following estate planning documents.
- Last Will and Testament
- Durable Power of Attorney for finances
- Medical Power of Attorney
- Living Will
- Revocable living trust
- Irrevocable trust
- Charitable remainder trust
- Donor-advised trust
- Special needs trust
Without the proper insurance policies in place, your wealth and financial security could be at risk. That’s why our team along with the LPL insurance department supports you with risk management strategies that address the specific risks you face. In addition to standard coverage, we help you determine if the following insurance policies make sense for you.
- Disability insurance
- Umbrella insurance
- Life insurance
- Long-term care insurance
Concentrated Stock and Executive
Compensation Planning
If you’re like many corporate executives, much of your wealth may be tied up in illiquid equity investments such as restricted stock units (RSUs), stock options (ISOs/NQSOs), employee stock purchase plans (ESPPs), etc.
While these investments offer the opportunity for significant growth, they can also expose you to significant concentration risk, as a large percentage of your net worth depends on the performance of a single stock.
We can support you with the following tax-efficient diversification strategies.
- Gradual/staged selling
- Exchange funds
- 10b5-1 trading plans
- Options-based strategies
- Direct indexing with tax-loss harvesting
- Charitable giving and lifetime gifting strategies
Planning for Business Owners
If you’re like many business owners, you’ve spent your life building a successful company. Your business may be your family’s largest asset, which means its important to ensure your professional objectives are aligned with your personal objectives. We support your business planning needs throughout every stage of its development through its eventual sale.
Our services for emerging business owners include:
- Cash flow planning
- Financial management and budgeting
- Funding options and capital strategy
- Strategic planning and growth
- Tax planning and compliance
- Operational support
- Risk management
As you near retirement, we help support a successful transition to the next generation of business leaders. Our succession planning services include:
- Identifying potential buyers or key employees to take over the business
- Adding value to your business in the years leading up to the sale
- Understanding your overall net worth, including both business and personal assets
- Helping you identify tax-efficient transition strategies
- Providing support to future generations of family members and business owners
- Developing a detailed plan to guide the transition with as little disruption to operations, customers and employees as possible
- Incorporating your sales proceeds into your personal financial plan and investment strategies
- Minimizing your tax exposure at every step of the way
