Money creates options. Your family has the option to live without financial unknowns.
New financial challenges are around every corner. I’ve seen them all. I’m here to help.
Financial decisions are full of ‘firsts.’ The first time you bought a home, saved for retirement, saved for college, completed a FAFSA application, filed your taxes, the list goes on. How are you to know the best answer when you’ve never been asked the question before? It’s a heavy burden to carry. But you don’t have to carry it alone. For this reason, I created the Financial Blueprint. I’m so confident in the process that I offer no-cost Findings and Discovery Meetings so you can learn about the process and how it can benefit your family.
Services
Services
1
Investment Management
Accept market history, the market has historically been volatile, not able to be timed, and profitable for long-term investors. Because of this, we’re going to diversify your assets and be strategic in asset selection. Investing this way is not designed to outperform the market, but to provide market exposure to participate in market returns.
Strategic and Global Portfolio
Tax Sensitive Investment Strategies
Tax-Loss Harvesting
Direct Indexing
Retirement vs. Non-retirement Accounts
Evidence-Based, Results Driven Investment Decisions
Donor Advised Funds
2
Financial Planning
I help clients clarify their financial goals and then help families as those goals evolve over the years. Majority of life’s biggest financial decisions you only get to make a few times. Think about that, you hopefully only decide to retire once. You only plan for college for the number of kids you have. You only file for Social Security once. The financial planning process helps address these questions and you benefit from learning from others along the way. Be confident in your finances. Know when your safe retirement age is. Know your investment strategy is right for you.
Money is simply a tool to be acted upon, your Financial Plan puts that tool to work.
Dynamic Financial Planning that Fits with your Dynamic Life
Ongoing Financial Plan Updates
Flexible Plan Creation
Social Security Optimization
College Planning
3
Tax Strategies
It’s not what you make, it’s what you keep. My experience is that the more money you make, the more aware you are of tax impacts. My guess is you’re more focused on paying a lower total amount of tax over your entire life than you are paying a lower tax in on particular tax year. Because of this, tax planning should be done with a life expectancy view. Some tax decisions made today will not benefit you today, but will greatly benefit you for decades.
4
Business Planning
For business owners, their business is commonly their largest asset. I have specific experience in addressing business ownership challenges and being able to create custom strategies for these problems and opportunities
401k and Other Employer Sponsored Retirement Plans
Profit Sharing Strategies
Busy/Sell Agreements and Insurance Optimization
Succession Planning
Business Valuation
5
Risk Management
What risks could derail your financial goals? The Risk management process aims at identifying and addressing these risks:
Life Insurance
Disability Income Insurance
Long-term Care Insurance
Home, Auto, and, Umbrella Insurance
6
Estate Planning
Generational wealth is easy to think about, but difficult to execute on, just think of the Vanderbilt family. Properly planning for asset transfer that will enhance the next generations is key.
Asset Transfer
Legacy Planning
Estate Document Consulting
Trust Formation Consulting
7
Business Strategies
Build wealth from your business, outside of your business. Utilize your business asset as an asset. At some point you’re going to want to or need to monetize the business asset you’ve worked so hard to create. This idea of exit planning isn’t something you should do 1-3 years out, it’s something you should be working towards 20-30 years out.
Retirement Plan Creation and Consulting
Exit Strategies
Business Valuation Consulting
“I have a lot of experience and expertise in my line of work, but not in finances. Dave has helped me navigate a major life change with sound, professional advice and a lot of patience!”
Typical Clients
I do my best work with Christian Families by helping them make smart money decisions to work towards making their work/employment optional.
Questions I Answer
Am I on track?
Am I saving enough?
Am I doing this right?
What am I missing?
Common Client Traits
Between 35-55 years old
Work in business or are business owners
Have children in or about to leave the house
Fees
How much is financial second guessing costing you? How much does a financial mistake, or timing issue, or not knowing the tax-code really cost? You can’t avoid every financial mis-step, but having a plan and process in place certainly helps minimize them. How much is not having a clear plan and partner really worth? At Hobbs Wealth, we’ve developed a process to help minimize financial mis-steps and a process to guide our investment decisions.
Comprehensive
This is by far our most common offering, includes the Financial Blueprint process, managing assets, help with estate planning, some taxation, college planning, retirement goals, and withdrawal strategies. Fees are a tiered schedule, meaning fees are calculated through each tier.
0-250k = 1.45%
250k-1mil = 1.00%
1mil-3mil = .70%
3mil+ = .35%
Example Fee: If a client has 500k invested with Hobbs Wealth Management, the first 250k would be billed at an annual rate of 1.45%, then the next 250k would be billed at 1.00%
Financial Plan Only
If all you’re looking for is a financial plan, we can help create that for you. Plan pricing is based on complexity.
Prices range from $3k-8k
Hourly
Ideal if you’re looking for answers to specific problems
$450/hour
You don’t have to have uncertainty about your finances and your future.
