What are your goals for your life? Do you have a financial plan in place to help you reach them? BKD Wealth Advisors is here to help you achieve your goals.
Our approach to wealth management begins with you. Through a process focused on your needs and life goals, our financial advisors and investment managers help you tailor a unique wealth management plan. Our services include:
Have you translated your dreams for life into measurable goals?
- A comfortable retirement
- Providing for your children's or grandchildren's education
- Sustaining your family's legacy
- Planning for a new business venture or passing on an existing business to the next generation
- Maybe you see a future need to care for elderly parents or to provide indefinitely for a child's special needs
What are the obstacles to realizing your dreams?
BKD Wealth Advisors offers personalized wealth management solutions through a defined process including identification of your life objectives, financial goals and challenges, proper management of your financial resources, identification of new opportunities, effective cash management, investment management, tax-efficient education funding and the formulation of wealth transfer strategies.
Where do you want your financial plan to take you? Do you have a clear understanding of the steps necessary to get there and the obstacles that may be in your way?
Creating and maintaining a solid financial plan involves several steps:
- Establishing goals
- Gathering data
- Analyzing and evaluating your financial status
- Developing and implementing a plan
- Monitoring and adjusting as necessary
Our advisors combine their experience as financial planners, estate planners, portfolio managers, tax professionals and insurance consultants to help. Whether you are developing a new financial plan or evaluating the progress of an existing one, our advisors can guide you through the process.
Will you be financially independent when you retire? Will your invested assets be capable of maintaining your standard of living and allow you to pursue your interests and activities?
Your advisors will work with you to determine your future needs. Together, we will project and plan for various scenarios, considering the following:
- Current assets
- Planned savings
- Realistic returns on investments
- Other sources of income
- Current and future expenditures for fixed obligations and variable costs
Retirement marks a new, exciting chapter in your life. We are here to help you prepare.
Because virtually every financial decision you make has tax implications, strategic tax planning can make a big difference in your financial affairs. With our access to BKD, LLP's CPAs and other wealth planning partners, you will have the resources of a national CPA & advisory firm at your fingertips. We call this coordinated approach WealthPlan. Working together, we can help implement tactics consistent with your objectives, such as strategies to defer income, use tax advantaged investments, reduce and transfer values for estate/gift purposes and convert ordinary income into capital gains.
If you are currently paying for your child’s college education, or if your child is a recent graduate, you know what a college education costs. Maybe you have a goal of pursuing additional education for yourself. If college costs are in your future, you might be surprised by the price. Over the past decade, college costs have been steadily increasing.
Our advisors can help you estimate the cost of a college education and work with you to select the best methods for funding it. Strategies may include tax-deferred savings, gifting plans or use of tax credits and incentives.
A well-crafted estate plan is made up of two distinct yet interrelated parts: a plan for the passage of your assets and the documents that will put your plan into effect, both while you are alive and at your passing. Our professionals will work with you and your legal counsel to develop a comprehensive estate plan that considers all aspects of your financial situation.
When considering estate planning, there are many solutions:
- Annual and lifetime gifting programs
- Revocable (living) and irrevocable (permanent) trusts
- Charitable planning and trusts
Each individual situation is unique, involving your family, business and legacy. Our discovery process will help you arrive at specific goals to be achieved through the identification of proven estate-planning strategies implemented with well-crafted documents.
You are regularly faced with questions and decisions about insurance, related to a wide range of issues:
The cost of protection and the form it takes are important considerations related to achieving your goals. The decisions you must make are an important part of your overall wealth management plan. We are here to help.
Simply put, your investment plan must be based on how it can help you achieve your present and the future goals. Investments are not an end in themselves; they are a means to an end, which you will define with our help. We can:
- Measure your risk tolerance
- Define your investment opportunities, both personal and tax-qualified
- Recommend an appropriate asset allocation
- Prepare a personal Investment Policy Statement
- Recommend specific investments that will implement the Investment Policy Statement
- Regularly review the performance of selected investments
Charitable Gift Strategies
Depending on your personal desires, philanthropic gifting can be an important component of your estate plans. Just as planning lifetime gifts can result in income tax savings, proper estate planning for charitable gifts can achieve your philanthropic goals and enhance your estate tax savings. The use of charitable trusts and private foundations can add benefits to your overall estate plan, in addition to increasing the funds available for gifts.
There are many different types of charitable giving techniques, and choosing the most suitable can be complex. We can outline the advantages and disadvantages of each option and help implement the charitable giving strategy that fits your overall estate plan.
Benefit Plan Consulting
Our Benefit Plan Consulting division provides integrated design, implementation and administration, as well as compliance testing and investment consulting/management services to retirement plan sponsors. Our dedicated team of professionals brings expertise from designing, implementing or administering benefit plans for more than 600 clients.
Whether you are looking for a one-time review of your ERISA plan or an ongoing consultative relationship, we deliver solutions that help plan sponsors navigate the Department of Labor ERISA regulations, enhance their plan’s fiduciary positioning, implement industry best practices and provide a top-of-the-line selection of mutual funds for your plan so that your employees are properly positioned for retirement.