Wealth
Management
Through its affiliation
with WealthTrust, Harvey provides clients with a sophisticated in-house
resource for financial advice and planning. We carefully coordinate
this advice into an integrated investment strategy that considers all
of your financial objectives, including:
We will coordinate
efforts on your behalf with not only the resources available through
WealthTrust, but with your personal attorney and accountant as well.
Think of us as your financial CFO, calling in experts as necessary,
but always reviewing specific strategies from the standpoint of a trusted
advisor who understands your total financial situation.
Asset
Allocation
This is the process of diversifying investments to various asset classes
and investment styles in order to achieve the highest return for the
least amount of risk. Examples of different asset classes are U.S. stocks,
(large, mid and small-cap) international stocks, bonds, real estate,
and cash. Examples of investment styles are growth, value, venture capital,
and hedge funds. Harvey uses sophisticated analytical tools to develop
a recommended asset allocation that is right for your risk profile,
objectives and portfolio size.
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Retirement
Planning
Good planning is essential to a successful retirement. We have the tools
and experience necessary to help you plan and invest for the financial
needs of retirement. We evaluate your current financial circumstances
and expected future savings in order to project the after-tax income,
adjusted for inflation, that will be available to support you and your
family in retirement. Specific strategies are designed to ensure that
the expected level of retirement income will be sufficient to support
your expected retirement lifestyle needs.
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Estate
Planning
Maximizing the wealth that will be passed on to heirs or philanthropic
bequests by minimizing inheritance taxes requires a thorough, detailed
knowledge of not only tax law, but a client's full financial picture
as well. Working with local counsel to create the necessary legal documents
such as wills and trusts, we will also help a client evaluate and choose
from among the many possible choices for trustee, whether it be a professional
trustee such as a bank, or a family member, friend or other advisor.
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Insurance
Analysis
As part of a comprehensive wealth management plan, we can arrange an
analysis of your current insurance program for adequacy and cost effectiveness,
within the context of your total financial picture and estate plan,
which will review coverage limits, liability limits and the need for
specialized coverage. Whatever changes or additions are necessary are
implemented by working through either your established relationships,
or a third-party broker specializing in the needs of wealthy families
and individuals. Since Harvey is not an insurance broker, the objectivity
of any recommendation can be assured.
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Charitable
Giving Strategies
Harvey is experienced in helping our clients achieve their objectives
with respect to philanthropy. Whether through the establishment of a
private foundation, a charitable remainder trust or some other legal
entity to facilitate a gifting program, we can work with your attorney
or accountant to accomplish your objectives within the framework of
your overall wealth management strategy.
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Family
Business Issues
Harvey has access to resources in wealth management strategies for closely
held business owners. The complicating factors of family dynamics, management
and ownership succession, liquidity needs, and concentrated business
risk demand an advisor with resources in these areas. Working closely
with your existing legal and tax advisors, Harvey coordinates the development
of strategies designed to address the unique needs of this group.
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Executive
Compensation Analysis
For highly compensated executives, there is often little time left
in a busy schedule to effectively manage their own financial affairs.
Creating the most value from today's sophisticated compensation strategies,
however, requires thorough, ongoing analysis within the context of a
comprehensive wealth management plan. Harvey has access to the analytical
tools and expertise to assist clients in the management of stock option
and deferred compensation plans, maximizing the tax efficiency and long-term
return of these important wealth creation tools for successful executives.
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