When working towards a solid financial future, it’s also important to look at your financial footing. Are you paying a competitive rate for health and life insurance? Is your coverage adequate? Will your short-term and long-term objectives be met? And what about property and casualty insurance. Are your assets adequately covered? At Baron Financial Group, our financial representatives will not only look at what you have in place, but also look for ways to help you streamline your coverages, and get the best possible rates. We will also look at your mortgage interest rate, and share with you a number of tools on estate planning, setting investment and retirement goals, contributing to your company’s retirement plan (401k / 403b / SIMPLE IRA / etc.), setting expectations, and investment risk tolerance. Any consultation by the team at Baron Financial Group, is going to address these issues and more so that we can make sure that we have enough information to make clear and concise recommendations. We are not a law firm, but as a part of the all-inclusive approach that we take in regard to financial planning, we can discuss what tools might be appropriate for you to consider and if the need arises, refer you to providers to help you with those specifics. The bottom line is that if it is an issue that can affect your financial future, we want to address it with you.
Resources for the Intermediate Investor
What types of investments do you want in your portfolio? Are you going to be content with individual stocks or are you more suited for exchange traded funds (ETFs) or mutual funds? Is an annuity a tool that can be beneficial to you? Is your portfolio diversified enough? Are you meeting the necessary amount of savings each month so that you are on track to meet your short-term and long-term goals? If you’ve laid the groundwork for your long-term financial plan, it’s time to move on to the intermediate stage of the planning process. This is where you can really start to bring more sophistication into the mix and delve more deeply into the investment side of your financial plan. At Baron Financial Group, our financial advisors and wealth managers will work with you on different investment strategies, more complex estate planning tools, and help you further define what your financial future will look like.
Guidance for the Advanced Investor
At Baron Financial Group we have found that when working with advanced investors, there are unique strategies and scenarios that might not pertain to beginning or intermediate investors. For example, there are certain types of investments where a person has to have a certain net worth or level of income to even qualify to purchase. Different income brackets or levels of net worth also bring different challenges to the table and to the financial planning process. While the strategies for the advanced investor may be similar to those of a beginning or intermediate investor, differences come into play when discussing tax strategies and situation-specific estate planning tools. It is our focus to be on the cutting edge when looking at solutions that benefit each of our clients. For example, if there is a tax strategy that can be employed, our financial representatives will work with your tax preparers. If there is a strategy to pass along wealth from generation to generation, we will work with you and your estate planning attorney. Whatever the scenario, we are proactive and keep the right people working on the project to make sure that your needs are being met. Bottom line, we work hard to make sure that you are successful in your financial planning and wealth management so you can achieve all of your personal financial goals.