NMS provides a number of services to clients using a holistic financial planning approach as outlined by the Certified Financial Planner Board of Standards to determine a client’s ability to meet life goals through the management of their financial resources following a six step process:
1
Establishing and defining the client-planner relationship
2
Gathering client data including goals
3
Analyzing and evaluating the client’s current financial situation
4
Developing and presenting recommendations
5
Implementing recommendations
6
Monitoring the recommendations
Financial planning subject areas include:
Retirement planning
- Identify income sources
- IRA
- Roth IRA
Investment planning
- Mutual funds
- Stocks
- Bonds
- Annuities
Insurance Planning and risk management
- Universal Life
- Whole Life
- Variable Life
- Long-Term Care
- Term Life
Employee benefits planning
- Defined benefit
- Cash balance
- 401k
- SIMPLE IRA
Income tax planning
- Capital gains/losses
- Distribution of assets
Social security planning
- Optimizing Benefits
Estate planning
- Trusts
- Asset Distribution