Comprehensive Financial Planning

At Botkin Family Wealth Management, we provide you with effective financial planning and investment strategies only after we have a clear and complete understanding of who you are and what you want to achieve.  That’s why we begin each client relationship by working with you to create a written, comprehensive financial plan that addresses your specific needs and goals.

Our comprehensive financial plans include the following:

  • Statement of your objectives
  • Net worth analysis
  • An illustration of your current and our recommended asset allocation
  • Retirement savings and income analysis
  • Specific investment recommendations
  • Insurance review (life, long-term care, liability)
  • Estate planning observations and recommendations
  • Clear and complete disclosure of all fees associated with becoming a client of Botkin Family Wealth Management

Family Wealth Management

We have a history of guiding generations of families through wealth accumulation strategies, helping them to learn how to communicate with and educate their children about responsible and effective wealth management. Our role as family wealth advisors extends to providing guidance to the children of our clients on strategies such as 401(k) investment options, retirement planning, home financing, debt management, college education funding, and handling inheritance.

Account Consolidation

Are your accounts all over the place? Holding investments at multiple firms can make it difficult to know what you have and effectively manage your assets. Consolidate your wealth at Botkin Family Wealth Management, where your overall asset allocation and investment strategy will be carefully and continuously monitored.

The consolidation process doesn’t have to be difficult or time consuming – simply provide us with the most recent statement of the accounts you want to consolidate and we’ll handle the transfer for you.

Retirement Income Planning

It’s the question to which every investor wants the answer: “How much can I spend during retirement without running out of money?” At Botkin Family Wealth Management, we specialize in helping you put in place a strategy with the goal of creating a sustainable retirement income from the wealth you’ve accumulated. This strategy is meticulously monitored and adjusted when needed.

Asset Allocation* and Investment Management

At Botkin Family Wealth Management, we establish your asset allocation – i.e., the percentage of your investments held in cash, fixed income and various types of equities – by working with you to determine your risk tolerance and your short- and long-term financial goals.

Once we’ve agreed on your ideal asset allocation, we carefully choose appropriate investments and diligently monitor their progress, keeping in touch with you when adjustments are warranted.

*No strategy assures success or protects against loss.

Insurance Planning

Life Insurance

What would happen to your family in the event of an unexpected death? At Botkin Family Wealth Management, we provide you with a capital needs analysis to help determine the financial situation your dependent survivors would inherit. If our analysis reveals that life insurance is recommended, we evaluate and discuss with you various strategies (e.g., term, universal, whole life) to help determine a cost-efficient insurance option.

Long-Term Care Insurance

For those who have built a substantial living estate, one of the greatest financial risks is the potential need for long-term care, which over a period of years can severely erode wealth. At Botkin Family Wealth Management, we provide you with options for helping to protect against the financial risk of needing long-term care.

Insurance as an Estate Planning Strategy

At Botkin Family Wealth Management, we work with your attorney and accountant to determine whether incorporating whole life insurance into your financial plan can help alleviate the effect of inheritance taxes on your estate.

Employer-Sponsored Retirement Plans

As a small business owner, you’re interested in attracting and retaining top talent. A well-managed retirement plan is an important benefit to your employees, and Botkin Family Wealth Management can help you create and maintain it.

We offer a complimentary review of your current employer-sponsored retirement plan and, when appropriate, a written proposal of how your plan may be improved through well-researched investment options and cost-effective strategies. In addition, proactive employee education is a vital benefit that we provide to you and your staff.