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Signature Services



The question is "Why do business with Wealth Management Resources, LLC?" We believe the answer lies in the value added services. We call them "Signature Services." They exist to bring benefits to you and your family by providing a peace of mind experience. They connect the important financial, legal, and tax areas of your life into a comprehensive plan that gives you the advice you want and the plan you need.

LIFEPLANTM


Every family needs a lawyer, an accountant, and a financial advisor. We help coordinate this team into a plan that helps you accomplish your goals.

LIFEPLANtm is the proprietary estate planning process of Wealth Management Resources, LLC. Its purpose is to put discipline and organization into your financial and estate plan. It gives evidence that a plan exists. You should understand it so clearly, you could explain it to a friend. The benefits of LIFEPLANtm are explained below:

An Analysis of Your Current Situation


It involves confidentially gathering facts about your family and your finances. Many ideas and multiple options are presented for your consideration. It also asks about your priorities and concerns.

A Plan to Accomplish Your Goals


It coordinates your legal, tax and financial planning into a strategy that is designed to do the following:
  • Minimize the impact of income and estate taxes.
  • Protect assets from expenses such as health and long term care costs.
  • Provide capital to your family in case of premature death.
  • Give information and instructions to your heirs making estate settlement easier while promoting family harmony.
  • Provide a plan to keep your farm or business in the family while treating the other heirs fairly.
  • Set goals for retirement and implement a plan to help you succeed.
  • Provide for the management of investment assets matching your tolerance for risk with your desire for return.
  • Help make you eternally significant by using your wealth to assist people in need.


An Organizational Tool to Carry Out the Plan


LIFEPLANtm makes life easier by organizing your legal and financial documents into a personal estate planning binder. It is created as part of the initial planning process and reviewed regularly to help ensure that your plan is up to date. It includes the organization of these areas:

Asset Titling. This section will contain a list of your assets and how they are registered. A copy of the source document is included for verification.

Wills & Trusts. Copies of these documents will be in the binder for easy review. Also, the location of original documents will be noted so that heirs will be spared the hunting process.

Powers of Attorney. For health care and financial decisions in case you become mentally incompetent, these documents are important to your family in times of crisis. The location of original documents will also be noted.

For peace of mind and family harmony, LIFEPLANtm will provide the means to carry out your wishes during life, disability or death. It is a gift to your heirs and a tribute to your successful and abundant life.



INTRODUCTION TO PRIVATE ASSET MANAGEMENT


Private Asset Management involves a relationship between a registered investment adviser or trust company and an investor. The client’s assets are held with the trust company or an investment brokerage firm providing custodial services for the registered investment adviser. The registered investment adviser or trust company selects and purchases investments for the client’s account based on the client’s risk tolerance, income and liquidity needs, tax situation and time horizon. The needs of the client are known to the money manager, which allows the investments to be tailor-made for their situation.

Over the past several years, the trend for more affluent investors has been toward privately managed accounts. They offer the transparency and investment reporting that clients want for proper evaluation and comparison. Private accounts are set up on a fee-basis, reducing the conflict of interest inherent in the traditional commission-brokerage process.

Following is a description of how a private account works and some of its benefits.
  • Registered Investment Advisory Firms. The relationship a client has with a registered investment adviser is similar to the one they have with other professionals, they pay them a fee rather than a commission. Typically the fee is based on a percentage of the assets under management, usually declining, as the assets get larger. The registered investment adviser has a legal responsibility to act in the client’s best interests because of the fee arrangement. The cost of the service can be similar to the management fees they are already paying a mutual fund or insurance company in a traditional investment model. With private management, the fees are fully disclosed and easily seen.
  • Investments Held by a Brokerage Firm Serving as a Custodian. It is important to hold the investments in a brokerage or trust account with a reputable firm for the safekeeping of the stocks, bonds and fixed investments. The brokerage firm should have low transaction costs because the client is not getting advice from them, only using their custodial services to safeguard the securities and facilitate transactions.
  • Services Provided by the Registered Investment Adviser. The registered investment advisory firm can provide a client with a variety of services adding value to the relationship. Many firms offer estate, retirement and tax planning which complement the private management of a client’s investment dollars. Some of these services may be included in the fee paid for investment services.
  • Investment Management. A personalized investment portfolio is the key advantage to private asset management. Instead of a mutual fund, which is a “pooled investment account,” a client has a portfolio of individual stocks and bonds with names that they would recognize. The Adviser can tailor the portfolio to their specific risk and return parameters so that volatility can be more predictable.
  • Transparency and Control. In a privately managed account, the client has knowledge of each security they own, how much the management is costing them and the percentage rate the portfolio is earning after expenses. It allows them to accurately compare their rates of return to other types of investments with similar risk.
  • Tax Benefits. Tax efficiency, which is a weakness in mutual funds, is a benefit to private investment management. With low investment turnover, the private account can accrue unrealized capital gains over many years without the current tax burden of other investments. Unlike mutual funds, the private manager can time the purchase and sale of securities for the individual clients tax benefit.
  • Liquidity and Access to Funds. Without high commissions and related surrender charges, the managed account becomes a fully liquid account and can be accessed with a checking account, eliminating the need for extensive paperwork to redeem funds. The timing of redemptions should be discussed with the Adviser to maintain highest possible investment returns.
  • Opportunity for Favorable Returns. Registered Investment Advisers often employ full-time money managers either on-site or as third party managers. They have access to investment strategies and opportunities not available to mutual fund managers. Because the private account is small compared to a mutual fund, the manager is able to respond more quickly to developments in the market, which could impact a client’s account.
The opportunity for private asset management has always been available to the very affluent through trust companies and some brokerage firms. With the increased availability of research and the reduced cost of technology, smaller registered investment advisory firms are helping more clients access this valuable service. Some are offering it with investments as low as $50,000. The investment industry is seeing a trend toward these accounts nationally as registered investment advisory firms are enjoying record growth.

As an investor considers changes to their portfolio, it is important to assess their current level of satisfaction with packaged investments such as mutual funds. Do they have the level of transparency, control and performance necessary to make them feel comfortable with their portfolio? If not, a privately managed account may be a good solution.

WMR STEWARD PROGRAM


Sometimes in an effort to diversify their investments, people incur additional costs and overwhelming amounts of paperwork. They wonder "How does one keep all of this information straight and ensure that one is getting the best value?"
  • Consolidation. Our WMR Steward Program stores your investment and insurance information in a computer and gives you a consolidated statement each quarter, or more often as needed. On the investments with WMR, we have daily pricing and transaction information to keep a close watch on your accounts. You can call us with questions and we can give you up to date answers. In addition, you can view some account information on the Internet via a high security web-site.
  • Simplification. Our goal at Wealth Management Resources, LLC is to simplify your life without compromising your desire for diversification. You may be asking, "How can I access this information right now?" The answer is to call an advisor at WMR. It is a good idea for you to understand how these services work and how they add value to your financial life.
Our commitment to service gives you a capable human being to talk to about financial issues. Sometimes it extends beyond finances where we share our joys and sorrows. That may be the best part of doing business.










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