At The Ellis Group, Inc. our professionals offer financial planning and wealth management services for individuals, families, and business owners locally in Alaska and across the country. We focus on long-term planning and risk management to help clients build and maintain a financial strategy through the many milestones of life. Working collaboratively as a team, we believe we can better address all elements of a client’s financial picture and educate them on any questions they may have.
Preparing for the future can be a heavy burden. A financial plan, however, may alleviate some of the stress. Financial planning refers to the process of making appropriate decisions concerning one’s wealth in order to pursue goals in life. It can involve a variety of different strategies, but the overall goal is to determine how to invest, how to manage wealth, and how to plan for the future. In creating a financial plan, we help clients establish their goals in life, determine their assets and liabilities, and evaluate their current financial position. From there, we can develop and implement a plan with ongoing monitoring.
Through wealth management, we can help clients create an investment portfolio that produces an appropriate diversification based on the individual client’s goals and risk tolerance. Our goal is to help our clients receive the rate of return that is commensurate with the amount of risk they are willing to take. Professional investment management may provide investors access to investments they may not have otherwise, including a wide variety of traditional and alternative investment classes.
We work with clients in all phases of retirement planning. Many of our clients want to build a consistent income that will last through their retirement years. We can determine opportunities that may help, from contributing to a 401(k) plan to identifying appropriate IRA investments. We also provide advice on Social Security claiming, how to minimize or avoid unnecessary investment taxes, 401(k) and IRA rollovers, and ways clients can protect their family from high healthcare costs and other risks.
Preserving assets and transferring an estate to family and heirs can be complicated and confusing. Regardless of how large one’s estate is, it’s critical to plan what will happen to it upon one’s death. If an estate plan isn’t set in place, one’s wishes may not be carried out, as the estate will be transferred to the state to handle according to probate laws. We assist clients in articulating their estate planning needs and coordinates the work of other professionals who may be needed, including attorneys and CPAs. Whether a client wishes to use a trust or other method, we can offer guidance regarding today’s confusing estate and tax laws.
Whether it’s to ensure that your family is taken care of, philanthropic purposes are served, or to utilize tax advantaged dollars for retirement, the right insurance coverage is critical. We can help you evaluate options and determine appropriate solutions based on your situation and future needs.