We at Resource Financial understand the power of planning. Whether your goal is to fund a child’s education, secure your own retirement, or insure against a catastrophic loss, we will partner with you to select quality products within the framework of comprehensive planning. Our approach is professional yet personal and our desire is to build strong, life-long relationships with our clients and their families.
We offer a wide array of products and services enabling us to provide solutions to complex financial problems and help you reach your goals. Our capabilities include:
Investment Advisory Services
Insurance Planning and Placement
Education Planning and Funding
Retirement Planning and Funding
Charitable Giving Strategies
Investment Advisory Services
A sound investment strategy starts with proper asset allocation.
We work closely with each client to develop a personalized investment portfolio based on their objectives, time horizon, risk tolerance, income needs, values, and other considerations. This information guides our selection from various asset classes such as stocks, bonds, mutual funds, and real estate to arrive at a suitable allocation designed to reach that client's objective.
Our comprehensive approach to planning not only focuses on the selection of assets for each need but also across several areas to incorporate the client's over-arching goals and objectives. Since Resource Financial operates in the independent broker/dealer channel, we have access to thousands of investments and the flexibility to choose from the most skillful money managers in the industry.
Insurance Planning and Placement
We believe that an appropriate insurance program is critical for each client to prevent the financial collapse that often results from a catastrophic loss. For small businesses this may mean protecting against the loss of a key person through a properly funded buy-sell agreement. For individuals this may mean protecting the family against the loss of an income producing member with disability and/or life insurance. Or perhaps a client's top priority is to protect their assets against the soaring costs of a prolonged nursing home stay through long-term health care insurance.
Regardless of the insurance product needed, we have the flexibility to research a variety of carriers to find our clients the most competitive premiums in the marketplace. To determine the proper amount of insurance needed we perform survivor analysis using industry leading software. This approach provides our clients with the right amount of insurance at the right price.
Education Planning and Funding
Paying for a child's college education is a primary goal for many of our clients. Historically, college tuitions have increased faster than inflation which means planning and saving early are of paramount importance. We help clients choose between the various strategies available for college savings such as:
IRS Section 529 Plan
Coverdell Education Savings Account
Uniform Gifts to Minors Act (UGMA)
After-tax savings and investments
Student loans
We also help families complete the Free Application for Federal Student Aid (FAFSA) form and estimate their Expected Family Contribution (EFC). The EFC is a critical number used in the financial aid process and determines the financial aid package that colleges offer students.
Retirement Planning and Funding
Between the phasing out of traditional company pension plans, the problems facing Social Security, and longer life expectancies, greater responsibility is being shifted to individuals to fund their own retirements. Proper planning is necessary to select an investment strategy that provides adequate cash flows during retirement while still managing risk. Our retirement planning software estimates the probability that clients will outlive their assets. The results guide our selection of investments and often prompt clients to adjust current rates of spending and/or saving to get back on track.
Today, there are many tax-advantaged investment strategies geared towards retirement savings. We work together with clients to determine the best retirement investment vehicles to use based on their tax bracket, liquidity needs, risk tolerance, time horizon and a host of other considerations. We specialize in the following retirement funding strategies:
Roth IRA's
Traditional IRA&'s
SEP and Simple IRA's
IRA Rollovers
Fixed and Variable Annuities
403(b) Plans
Charitable Giving Strategies
Although many give generously to charities, churches, and missionaries around the world, few understand the powerful benefits of a well thought out charitable giving strategy. By employing one of these strategies the client can better control the flow of assets to the charity, possibly provide the donor with guaranteed lifetime income, and minimize the impact of taxes resulting in a larger donation. We partner with clients to develop a customized charitable giving strategy that meets the needs of both their family and their charity.
