Legend Investment Professionals are here to help you with all of your investment needs, whether you are just getting started with financial planning or you are interested in estate planning, wealth preservation or long-term care insurance.
Serving Bowie, Nocona, Henrietta and Wichita Falls areas
Serving Fort Worth, Decatur, Alvord, Bonham and Whitesboro areas
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The Importance of Investing
You have worked hard for what you have and deserve to have the future you want. Your financial future depends largely on decisions you make today. When you take the time to build a financial plan you are taking the first step toward achieving your goals and we will be there with you every step of the way.
Developing an investment plan requires you to quantify your goals and could greatly improve your chances of achieving a secure retirement. This could help maximize the chances of meeting the objectives in your financial plan and help realize your financial goals.
Regardless of the state of your current financial picture, it’s always a good idea to review your financial plan, understand how it relates to your financial goals and be aware of the options available that may help your financial well-being.
Why have a Financial Consultant?
Having the support and knowledge of a Financial Consultant may improve your chances of having a more secure future for you and your loved ones. We can help guide you through the process and steps you should be taking to reach your financial goals. A Financial Consultant can assist you in better understanding your existing portfolio. This entails reviewing the portfolio to determine if it remains in line with your stated investment objective and risk tolerance.
Life Stages Financial Planning
The investment strategies and tactics for achieving short-term goals are very different from those used to accomplish long-term ones. Managing for tax efficiency plays a key role every step of the way.
In the accumulation phase you are working hard to build assets, support the household, save for college and, hopefully, set aside money for retirement. When it comes to investing in this phase, every dollar counts because dollars invested early will work hardest for you later.
Phase two is retirement. During this phase, you are likely living on a reduced income but now have the time to do things you enjoy. If you have planned adequately and factored in the potential for higher medical expenses along with your monthly bills, you should have enough extra money for a good quality of life.
The release phase begins upon your death when your heirs and charitable organizations can benefit from your generosity. Tax-efficient estate planning gives you the satisfaction of offering a leg-up to your children and grandchildren or a little bit of hope to the less fortunate.
How Do You Get There?
Below we outline the steps in the financial planning process, which is modeled on the recommendations of the Certified Financial Planner Board of Standards, Inc.
1. Establish Objectives
- Discuss goals, means, dreams, time frame, risk tolerance & benchmarks
2. Gather Information
- Work through objectives & build planning consensus
3. Analyze + Evaluate
- Analyze assets, liabilities, cash flows, insurance & tax strategies
- Discuss likely scenarios & degree of comfort to achieve goals
4. Review Recommendations
- Discuss & agree on approach
- Finalize start plan
5. Implement Plan
- Allocate existing holdings to reflect investor profile
- Buy and/or sell financial instruments for allocation plan
- Acquire and/or retire insurance policies as per plan
- Set up automatic savings and/or investment plans
6. Review, Monitor + Adjust
- Monitor performance regularly
- Review goals & objectives
- Review new opportunities as they arise
- Update plan as changes occur in life circumstances, goals & means
Services for Business Clients
From employee benefits programs to executive compensation plans to business exit and succession planning, we bring all the necessary expertise to the table to deliver innovative, tax-efficient solutions to help businesses stay competitive and thrive.
Employer Benefits Planning
We specialize in helping employers develop cost-effective benefits programs and executive compensation plans to help attract and retain valuable employees.
- Group Insurance Plans
- Disability Insurance
- Health Insurance
- Premium Financing
- Retirement Plan Services
- Defined Contribution Plan Services
- Defined Benefit Plan Services
- Insurance-based Retirement Plans
Business Succession and Exit Planning
We help small business owners prepare to exit or retire under the most favorable financial conditions. We look at key issues such as whether the business will be capable of distributing enough income to principals post departure and developing strategies to maximize value in the short and long terms. Where appropriate, we coordinate the development of a business succession and exit plan with bankers, attorneys and accountants.
Products + Services
Our objective is to help ensure that your portfolio is diversified and aligned with personal circumstances and long-term goals in an effort to achieve the best possible outcome in any market scenario. We will take the time to understand your goals and work to help you enjoy life today while planning for tomorrow – dreams included.
Your Financial Consultant will work with the professionals in IPI’s full-service Fixed Income Group and supported by IPIBonds.com – a fixed income trading platform for viewing the inventory of over 300 dealers and 20,000 fixed income securities. Our fixed income traders assist your Financial Consultant with client portfolio review and strategies. This in-house expertise gives your Financial Consultant easy access to expert knowledge for managing your portfolio.
Many people are aware of the financial risks they face, yet have done little to address the issues in ways that will make a difference in their long-term financial security. According to the Employee Benefit Research Institute in their most recent 2010 study, a little more than half of full-time working Americans (54.4%) participate in a retirement plan. Indeed, even if you have a pension that seems fairly solid, a 401(k) or both, you could still be at financial risk if your overall portfolio is not optimized for performance.
Working with a Financial Consultant can help ensure that your employer- and non-employer-based assets complement one another, not duplicate. Based on risk profile and time horizon, we seek to maximize performance and reduce risk through overall portfolio diversification. This may include recommendations for adding alternative asset categories with low or negative correlation to other holdings.
We factor into our analyses the costs of health care and long-term care, which include the financial burdens a client may assume in connection with caring for an elderly parent. We also explain the roles of Medicare, Medicaid, retiree health benefits and private health insurance in the overall financial plan.
INSURANCE & ANNUITIES
Beyond traditional insurance coverage, insurance and annuities present a variety of alternatives for supplementing your retirement nest egg and saving for college. By comprehensive review of your current policies, your Financial Consultant can help determine if you’re still on track with your overall financial plan.
Variable life insurance** includes an investment account in addition to life coverage. Term insurance, which is usually the least expensive kind, may be available with attractive features such as a guaranteed premium for periods of 10, 15, 20, even 30 years. If your time frame is more than 30 years and you’re worried about estate taxes, own a business or have special needs dependents, you may want to review different types of cash value life insurance policies.
There is a similar array of options for annuities. If you’re about to retire, an immediate annuity gives you an income stream right away. If you have several years to take advantage of the power of tax deferral to boost your savings, a deferred annuity might be a good choice. Whether you will want a fixed or variable deferred annuity will depend on your investor profile and overall retirement plan.
Our broad range of insurance and annuity offerings gives you maximum flexibility for achieving your goals. Your Financial Consultant will work closely with members of the IPI Insurance Groups to develop your personalized solution.
- Fixed & variable annuities+
- Life insurance, including Term Life, Universal Life, Variable Universal Life, Single Premium Life, Return of Premium Term, Universal Life with Long-Term Care Benefits
- Health insurance
- Disability insurance
- Long-term care insurance
**Variable life insurance is sold by prospectus. Please consider the investment objectives, risks, charges, expenses, and your need for death-benefit coverage carefully before investing. The prospectus, which contains this and other information about the variable life policy and the underlying investment options, can be obtained from your financial professional. Be sure to read the prospectus carefully before deciding whether to invest. The investment return and principal value of the variable life policy are not guaranteed. Variable life sub-accounts fluctuate with changes in market conditions. The principal may be worth more or less than the original amount invested when the policy is surrendered.
+Fixed Annuities are long term insurance contacts and there is a surrender charge imposed generally during the first 5 to 7 years that you own the annuity contract. Withdrawals prior to age 59-1/2 may result in a 10% IRS tax penalty, in addition to any ordinary income tax. Any guarantees of the annuity are backed by the financial strength of the underlying insurance company. Please consider the investment objectives, risks, charges, and expenses carefully before investing in Variable Annuities. The prospectus, which contains this and other information about the variable annuity contract and the underlying investment options, can be obtained from the insurance company or your financial professional. Be sure to read the prospectus carefully before deciding whether to invest. The investment return and principal value of the variable annuity investment options are not guaranteed. Variable annuity sub-accounts fluctuate with changes in market conditions. The principal may be worth more or less than the original amount invested when the annuity is surrendered.
PRIVATE ASSET MANAGEMENT
Private Asset Management is Legend Investment Professionals suite of Advisory, fee-based products and services providing access to a broad universe of high-quality investment choices. This advanced platform is designed to enhance the benefits of asset allocation and align your portfolio with your risk tolerance in different life stages.
Private Asset Management enables your Financial Advisor to screen over 18,000 active and passive funds and individual securities and more than 11,000 separate account strategies for customizing your portfolio. After thorough quantitative and qualitative analysis, investments are selected for your personalized portfolio. The platform also facilitates performance oversight to help ensure your money is working to your maximum advantage.
Private Asset Management incorporates the insights and best practices of investment management professionals around the globe. This cutting-edge suite supports your Financial Advisor in pursuit of the following goals:
- Maintaining an asset allocation* that matches your risk tolerance and time horizon for each life event.
- Monitoring investment performance on a risk-adjusted basis.
- Ensuring portfolio expenses are rationalized and competitive.
- Maximizing personalization.
By consolidating your assets into one diversified portfolio and monitoring adherence to stated investment styles, Private Asset Management seeks to optimize the benefits of asset allocation, including tax efficiency and managing the risk of style drift.
*Asset Allocation does not guarantee a profit or protect against a loss in a declining market. It is a method used to help manage investment risk.
The College Board (collegeboard.org) reports that a "moderate" college budget for an in-state public college for the 2013–2014 academic year averaged $22,826. A moderate budget at a private college averaged $44,750. When you multiply these numbers by four, it’s easy to see why it’s important to work with a professional on planning for college expenses.
The good news is there are many ways to deal with the college funding issue at any stage of the game. We advise clients who are planning ahead on potentially higher-yielding investments that can make a big difference in the amount of money they can accumulate for college expenses. Even if a child is on the doorstep of the institution, we can offer suggestions that may go beyond the immediate issue to ease overall financial stress.
If you are interested in diversifying your portfolio by adding alternative investment securities, a real estate investment trust (REIT) or business development company (BDC) may be products to consider. A REIT is a company that owns, and typically operates, income-producing real estate or real estate-related assets. A BDC is a company that is created to help grow smaller, upcoming businesses in the initial stages of their development. Depending on your investment objective and risk tolerance, an alternative investment can be a key part of a diversification strategy that seeks to maximize performance while reducing risk.
^Investing in alternative assets involves higher risks than traditional investments and is suitable only for sophisticated investors. Alternative investments are often sold by prospectus that discloses all risks, fees, and expenses. They are not tax efficient and an investor should consult with his/her tax advisor prior to investing. Alternative investments have higher fees than traditional investments and they may also be highly leveraged and engage in speculative investment techniques, which can magnify the potential for investment loss or gain and should not be deemed a complete investment program. The value of the investment may fall as well as rise and investors may get back less than they invested.
GLOBAL WEALTH SERVICES
If you are sufficiently diversified at the asset class level – into cash, fixed income, stocks and alternative asset classes – you might consider further diversifying within asset classes by adding international investments to the mix. We offer a full range of international securities for this purpose and customize portfolios that seek to optimize results from international holdings. For foreign nationals, we administer clearing, settlement and tax reporting services to make it easier to handle your financial needs through your bank.
Some people are under the false impression that having a will is all the estate planning they need to do. It’s not. Life insurance, retirement planning, asset protection and other factors are intertwined and all play a role in minimizing tax effects and maximizing protection for clients and their heirs. From basic life insurance and asset distribution planning to complicated estate plans and trusts, financial consultants work closely with the IPI Insurance Group to develop personalized estate planning solutions for our clients.
- Fixed annuities
- Life insurance, including Term Life, Universal Life, Single Premium Life, Return of Premium Term, Universal Life with Long-Term Care Benefits
- Health insurance
- Disability insurance
- Long-term care insurance
- Wealth transfer strategies
- Charitable and endowment services