Navigating the complexities of financial and asset planning can often feel overwhelming. Whether you’re planning for retirement, managing investments, or ensuring the financial future of your employees, having the right guidance is crucial. Asset planning is a fundamental component of this journey, helping you align your financial resources with your long-term goals.
In this post, we will explore essential aspects of asset planning and provide expert tips for choosing a financial planner who can help you achieve your goals. From understanding the role of a financial planner to identifying key characteristics of a trustworthy firm, we aim to equip you with the knowledge you need to make informed decisions about your financial future.
What Is Asset Planning?
When executed effectively, a robust business exit strategy shifts the focus from income generation to value creation, priming employees, customers, and stakeholders for the company’s next chapter. These plans should be reviewed quarterly and updated to reflect changing circumstances, goals, and market conditions.
The terms asset planning, wealth management, and financial planning are often used interchangeably, which can be confusing. At Sensenig Capital Advisors, we prefer the term “financial planners” because it better captures the breadth of our services. Our role involves providing advice on all aspects of our clients’ financial lives, from ensuring business owners have the right insurance coverage to helping families plan for their children’s education expenses. Our holistic approach means we consider every facet to help them make informed decisions that move them toward their goals.
What Does An Asset Planner Do?
Sensenig Capital financial planners follow two key processes.
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- The primary process involves creating a comprehensive plan that evaluates cash flow, manages debt, and develops a robust investment strategy.
- The secondary process offers ongoing assistance with various components of the financial plan, such as investments, education funding, insurance, retirement planning, tax strategies, and estate planning.
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What Should I Look for in a Financial Planner?
When looking for a financial planning firm, there are a few non-negotiable characteristics to remember. First, the firm should be independent, offering advice solely in the client’s best interest. Second, it should be fee-only, meaning its compensation is not tied to selling commission-based products or services, thus avoiding conflicts of interest. Lastly, the firm should operate as a fiduciary, legally bound to act in the client’s best interest at all times. Unfortunately, not all financial planners meet these standards, so it’s crucial to choose wisely.
What Sets Sensenig Capital Advisors Apart
What truly sets Sensenig Capital apart are our core values. We understand the importance of building trust with our clients and appreciate the gravity of managing their finances. We strive to make our clients feel as comfortable as possible, avoiding industry jargon and offering a relaxed, casual environment in our office.
Our advisory team has over 50 years of combined experience counseling individuals in investments and wealth management, and providing unbiased advice to sponsors of 401(k), 403(b), 457, and other company retirement plans — skills for which clients have specifically sought us out. Decades of unbiased, evidence-based solutions guide our approach to helping our clients achieve financial peace of mind, and we have a commitment to providing the highest level of advice. Our advisory staff members are required to obtain and/or maintain a Certified Financial Planner (CFP®) designation.
Don’t hesitate to get in touch for a complimentary consultation to explore your options further! Contact us using this form, call 610-584-9700 or email us at [email protected].
