Services

Today’s Most Important Wealth Management Service: In-Depth Knowledge.

There is great satisfaction in financial success. Unfortunately, many do not know where to begin; where and how to invest. At Parkworth, we use just two words to describe what we stand for as a company: In-depth knowledge. As a small, dedicated firm, our broad expertise allows us to offer a comprehensive, multidisciplinary approach to managing your complete personal financial environment.

Financial Strategy

During the initial phase, we take a high-level, comprehensive view of your entire net worth and explore your complete goals and objectives. This research is used to craft a realistic and detailed financial plan, cash flow projections, a spending/savings plan and account structure recommendations. Throughout the year, we provide ongoing annual net worth statement and financial plan tracking.

Investment Management

Your custom designed investment plan is integrated with your overall financial plan and matched to your time horizon and comfort level with investment risk. We then create an Investment Policy Statement to help us manage your investments and guide you in evaluating our performance. Our services include discretionary investment management, access to institutional mutual funds, asset allocation, asset location, investment selection, assistance with alternative investments, portfolio rebalancing and regular performance reporting.

Tax Planning

Our year-round tax planning services take advantage of all legal and widely used methods to minimize taxes. We prepare withholdings adjustments during the year and conduct year-end tax savings check-ups. We provide information to your tax accountant, tax attorney and other tax professionals in preparation of your individual, trust, corporate, partnership, gift and estate tax returns.

Estate Planning

We help you avoid probate costs and minimize taxes. We ensure that the needs of your family and other beneficiaries will be met when you’re no longer able to do so yourself. Working with our estate attorney partners, we can establish a basic revocable living trust and will, and financial and heath care powers of attorney. For more complex situations, our team can help develop more complex structures and entities such as irrevocable and charitable trusts, charitable foundations and family limited partnerships. In all cases, we provide assistance with estate plan execution and funding.

Asset Protection and Risk Management

We provide insurance review and recommendations for liability, property, casualty, life and disability insurance. We offer broker referrals and introductions to insurance providers. We look at risk both from an insurance perspective and in the sense of protecting your overall asset base, considering worst-case scenarios to make sure you’re not exposed.

Retirement, Education and Benefits

Our services include 401(k), 403(b), deferred compensation, IRA, Roth and other retirement account reviews, advice and investment recommendations; 529 and college savings plans; flexible spending account reviews; and advising companies on 401(k) plans.