Taking Action: Guiding you toward reaching financial goals
The six steps toward a customized Wealth Management Plan:
- Establish financial goals
We’ll help you rank them in order of importance.
- Gather relevant data
We’ll ask you questions about income, expenses, assets and liabilities, and then determine your investment preferences and tolerance for investment risk.
- Analyze the data
We’ll help you identify strengths and weaknesses in your investment holdings and strategies to determine where you are now in relationship to your goals.
- Develop a plan
We’ll project your future income, spending, rates of inflation, rates of return on your assets, life expectancy, and tax rates. Then we’ll offer alternative strategies and help you evaluate them.
- Implement the plan
Your plan will clearly identify implementation timeframes and action steps for you and your Bremer team. Legal or accounting professionals may be consulted to address the implications of your plan.
- Monitor the plan
Once your plan is implemented, we will continually monitor performance, provide regular reports, and suggest adjustments or additions if your family, financial, or employment situation changes.
To work toward your objectives, experienced Bremer staff will help you in a variety of areas.
- Cash flow management
Chart cash inflows and outflows, find suitable vehicles for your cash, and look for ways to “free up” cash to invest.
- Net worth analysis
Review your assets and liabilities, including asset titling, to compile an accurate net worth statement.
- Asset Management
Review your current investments and determine the most appropriate asset allocation based upon your objectives and tolerance for risk.
- Education Planning
Project your future education costs and show you how to fund this objective through various savings and investment vehicles.
- Retirement Planning
Estimate the amount of income you will need to pay for the retirement lifestyle you have envisioned; determine if you will be able to generate this income stream through your current investment strategy or if you need to explore other options.
- Insurance Planning
Determine how much replacement income you will need ― in the event of disability or death ― to ensure that your family maintains its current standard of living; assess whether you have adequate coverage for property damage or personal liability, and discuss long-term care options.
- Estate Planning
Estate planning professionals will suggest strategies to make sure your assets are distributed according to your wishes, while reducing potential estate taxes.
- Charitable Planning
Explore charitable strategies and work with your legal and tax advisers to create a plan that allows you to leave assets to charitable organizations and still provide for your family.