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Checklist of Service
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Tax planning
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General discussion of deductions and income recognition
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Answer questions about investment tax issues
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Develop and/or analyze business balance sheet, income statement, cash flow statement, pro forma statements
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Discuss and educate on employee stock options basics, ISOs, NSOs, planning strategies, etc.
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Tax implications of various stock plans – Restricted, phantom, SARs, ESPP
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Non-qualified deferred compensation programs
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Income taxation of life insurance and annuity products
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Investment cost basis research and reporting
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Retirement planning
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Retirement needs analysis
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Retirement plans analysis and education
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Savings planning to help clients meet their goal
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Assist in the coordination of retirement plan service providers, product sponsors, or vendors as a liaison
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RMD or 72t calculations and analysis
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Social Security planning
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investment management/asset allocation
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Asset allocation analysis
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Risk and reward (risk tolerance analysis)
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Diversification analysis
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Investment policy statement development
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Management of investment portfolio
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Re-balance investment portfolio, when appropriate
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business planning
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Cash flow analysis
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Retirement plan design
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Succession planning
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Cash management
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Employee benefits planning
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Financing strategies
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Business use of insurance analysis
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Intra-family and other business transfer techniques
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insurance needs planning
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Insurance gap/needs analysis for life, disability, or long-term care
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Health care, including Medicare, expense planning
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Analysis and planning for estate liquidity
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Planning for policy ownership issues and beneficiary designations
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Asset allocation, diversification, and securities research for variable life and/or annuities (provided advisor is not rep/agent of record)
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Education on types of insurance, i.e. term vs. permanent, nursing home vs. home care, indemnity vs. reimbursement
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personal financial planning
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Determining clients’ financial status by analyzing financial statements, special needs, investments, taxation, employee benefits etc.
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Stock option planning
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Advice in change of lifestyle or major life event (Marriage, divorce, children, job, education)
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Major purchase goal analysis and funding options
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Importance of saving (dollar cost average, compound interest)
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Education on mortgage options and financing analysis
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Provide financial guidance/planning for special circumstances including death, disability, job loss, monetary windfall, divorce, etc.
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Creation of personal or business budget
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Provide guidance and analysis on cash flow management, budgeting, and emergency fund planning
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Explain various components of cash flow (income, taxes, expenses)
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Savings strategies
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Debt management strategies
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Personal financing strategies
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wealth transfer planning
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Development of objectives
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Multi-generational snapshot of existing strategies
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Legal and tax strategies under consideration
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Financial modeling of alternative strategies
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Explanation of plans to owners
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Action plan to implement changes
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Introduction to Estate Planning Attorney
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