Checklist of Service

Tax planning
General discussion of deductions and income recognition
Answer questions about investment tax issues
Develop and/or analyze business balance sheet, income statement, cash flow statement, pro forma statements
Discuss and educate on employee stock options basics, ISOs, NSOs, planning strategies, etc.
Tax implications of various stock plans – Restricted, phantom, SARs, ESPP
Non-qualified deferred compensation programs
Income taxation of life insurance and annuity products
Investment cost basis research and reporting
Retirement planning
Retirement needs analysis
Retirement plans analysis and education
Savings planning to help clients meet their goal
Assist in the coordination of retirement plan service providers, product sponsors, or vendors as a liaison
RMD or 72t calculations and analysis
Social Security planning
investment management/asset allocation
Asset allocation analysis
Risk and reward (risk tolerance analysis)
Diversification analysis
Investment policy statement development
Management of investment portfolio
Re-balance investment portfolio, when appropriate
business planning
Cash flow analysis  
Retirement plan design
Succession planning
Cash management
Employee benefits planning  
Financing strategies
Business use of insurance analysis
Intra-family and other business transfer techniques
education planning
Discussion of qualified tuition/college saving plans
College costs and inflation analysis
Individual needs analysis
Development of funding strategies
Provide direction on ownership of assets
Financial aid application assistance-FAFSA
Gift tax limits and trust usage strategies for education funding
insurance needs planning
Insurance gap/needs analysis for life, disability, or long-term care
Health care, including Medicare, expense planning
Analysis and planning for estate liquidity
Planning for policy ownership issues and beneficiary designations
Asset allocation, diversification, and securities research for variable life and/or annuities (provided advisor is not rep/agent of record)
Education on types of insurance, i.e. term vs. permanent, nursing home vs. home care, indemnity vs. reimbursement


personal financial planning
Determining clients’ financial status by analyzing financial statements, special needs, investments, taxation, employee benefits etc.
Stock option planning
Advice in change of lifestyle or major life event (Marriage, divorce, children, job, education)
Major purchase goal analysis and funding options
Importance of saving (dollar cost average, compound interest)
Education on mortgage options and financing analysis
Provide financial guidance/planning for special circumstances including death, disability, job loss, monetary windfall, divorce, etc.
Creation of personal or business budget
Provide guidance and analysis on cash flow management, budgeting, and emergency fund planning
Explain various components of cash flow (income, taxes, expenses)
Savings strategies
Debt management strategies
Personal financing strategies
wealth transfer planning
Development of objectives
Multi-generational snapshot of existing strategies
Legal and tax strategies under consideration
Financial modeling of alternative strategies
Explanation of plans to owners
Action plan to implement changes
Introduction to Estate Planning Attorney