Services

Client-driven, goals-oriented planning for lifetime wealth

 

We help clients identify financial goals and we develop a plan to reach them. We will identify what you want to accomplish, what resources you will need to make that happen, how much time will be needed to get there, and how much we recommend you save and invest toward your goal.

 

Our complimentary planning service provided to Investment clients includes projections of the likelihood of achieving your financial goals, typically focusing on financial independence as the primary objective.

 

We charge a nominal fee of $325 to create a financial plan with actionable steps for those individuals who are non-investment clients.  There is no need to charge more; we apply the same fee equally to everyone, no matter their status.

 

For situations where projections show less than the desired results, we recommend actionable steps for adjusting certain goals (e.g., working longer, saving more, spending less, or seeking greater opportunities with your investments).

 

If you are near retirement or already retired, advice may be given on appropriate distribution strategies to minimize the likelihood of running out of money during your retirement years. 

Investments designed to reach your goals & financial objectives

 

We will help you establish an investment policy, including strategies and types of investments to be used. 

 

In developing our portfolio guidance, we will develop an asset ownership plan to meet clients’ financial goals and risk tolerance, and we will implement strategies that will be employed.

 

We generally believe that moderate risk portfolios will achieve more than high-risk portfolios.  It has been our experience that if one takes outsized risks, one will eventually experience outsized losses. We will construct moderate-risk portfolios that we anticipate will produce returns sufficient to reach clients' financial goals and objectives.  See the article on risk and reward in the Forums tab Money Memos Discussion for more detail.

 

The fixed fee for our investment management service is 1% of assets under management, which is the standard rate for this service.

 

We also review employee stock options and provide guidance on how they can be effectively dealt with, given the tax issues almost always involved.

 

We may assist you in opening an account at a qualified broker-dealer.  

We are offensive and defensive investors
We invest for growth when risks are low, or to preserve capital when risks are high

 

We believe that studying economic and financial indicators can lead to better investment decisions.  These efforts help us manage the degree of risk and reward that comes with different asset classes during different cyclical time periods.

 

We desire to find opportunities for growth during lower-risk periods, and we also desire to protect client assets from deterioration during higher-risk periods, as determined by our economic research.

 

We believe that studying economic and financial indicators can lead to better investment decisions.  These efforts help us manage the degree of risk and reward that comes with different asset classes during different cyclical time periods. 

 

Accordingly, we will buy and sell as we perceive the economic environment is changing. 

 

We may occasionally choose a third-party investment manager to work with us in managing certain portfolios if the client so chooses.

 

Demystify retirement issues like medicare, and social security

It is important that clients understand the many alternatives and the ramifications of each of the available options when selecting Social Security payments.

Clients generally want to know when to take Social Security, and our work employs several financial models to assist clients in arriving at their answer.

Many individuals make the wrong decision, sometimes costing them a significant fortune, up to $3,500,000 or more.  We have the knowledge to guide you in choosing the right alternative.  Allow us to guide you in this very important financial and lifestyle decision.

Clients also want an explanation of how Medicare works, how much protection the coverage actually provides, which plan to purchase, and of course, when and how to enroll.  We provide guidance in helping clients make their selections.

Tax and estate situations and  planning issues

 

This usually includes an analysis of your current estate plan, which may include whether you have a will, powers of attorney, trusts, and other related documents.

 

Our advice also typically includes ways for you to minimize or avoid future estate taxes by implementing appropriate estate planning strategies.
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As part of analyzing your overall financial picture, we also look for ways to minimize your current and future income taxes.

 

For example, we may make recommendations on which type of account(s) or specific investment(s) should be owned, based in part on their “tax efficiency,” with considerations that there will always be future changes to federal, state or local tax rates and tax laws that may impact your situation.

 

NOTE: We always recommend that our clients consult with qualified tax and estate professionals before initiating any tax or estate strategies.  We may provide clients with contact information for accountants or attorneys with these specialties, if they wish to hire someone for such purposes. We will participate in meetings or phone calls between clients and their professionals, at client request.

 

Make smart choices with insurance and employee benefits

 

We will review and analyze if you, as an employee, are taking maximum advantage of your employee benefit plans.  We will explain the features, advantages, and disadvantages of your plan.

 

If you are a business owner, we will consider and/or recommend the various benefit programs that can be structured to meet both business and personal retirement goals.

 

We review existing insurance policies to ensure proper coverage for life, health, disability, long-term care, liability, home, and automobile.  We will look for savings opportunities wherever they exist and have been very successful in lowering client premiums.

 

 

We work with you on cash flow and debt repayment

 

We provide clients with an analysis of credit card debts and we develop an optimized plan for early payoff.  We use up to 3 different models to determine the best solution for you. 

 

We will conduct a review of your income and expenses to determine your current cash flow surplus or deficit.  We recommend ways to reduce bills that are costing you too much and provide advice on how any surplus should be deployed.  

 

We may also recommend what we believe to be an appropriate cash reserve that should be considered for emergencies and other financial goals.  We will also recommend how these reserves will be invested in various types of accounts.

Retirement savings and withdrawals

 

Saving for retirement is tax-advantaged in multiple ways, but there are many types of accounts you can choose from.  Be sure that you understand the details of the available options with our help.

 

Inherited IRAs must adhere to a set of strict rules in the year of decedents death, so be sure to contact us immediately - penalties can be severe.

 

Clients want to understand their retirement plan withdrawal requirements.  We help you establish a withdrawal strategy that will yield the best results for both asset duration and tax impact.  Failure to make required withdrawals can carry large penalties when filing a tax return, so it is important to put your withdrawal plan into action asap.

 

New rules went into effect in 2020, and it is important that you take a look at the Forum tab to review these changes.

 

Occasionally, clients may need to borrow from their retirement accounts, although it is not recommended if there are other alternatives.  We can advise you on how to select the most tax-efficient choices.

 

Education Planning - secondary school or  college, and beyond

 

Certain types of non-retirement investment options are available to fund secondary and beyond education.  In addition, there are tax advantages to those who seek education related to their career.

 

Be sure that you know the factors that will help you determine which of the half-dozen options is the right one for you.

 

It may be possible for you to pre-fund all college educations costs. 

 

If that is not possible, saving to pre-fund up to half those costs is important.  Money is available from other sources. 

 

After years of effectively managing your credit, you may be eligible to get low-rate loans for education expenses. 

 

Let us show you all the available options.

 

Holman Wealth Management - The Defensive Advisor

Dallas, TX 75229 

RobertH@defensiveadvisor.com 

972-702-6032 

 

Holman Wealth Management LLC is a registered investment adviser offering advisory services in the State of Texas. Registration does not imply a certain level of skill or training. The information shared on this page shall not be directly or indirectly interpreted as a solicitation of investment advisory services to persons of another jurisdiction unless otherwise permitted by statute.
 
The opinions voiced herein are for general information only and are not intended to provide specific advice or recommendations for any individual without complete knowledge of that individual’s total financial profile.  To determine what is appropriate for you, consult a qualified professional financial advisor.  While we provide general tax and legal information, please consult with a tax professional or attorney on tax and legal issues before proceeding on such information.  No investment strategy guarantees success or assures against occasional losses.

 

© 2020 by defensiveadvisor.com and Holman Wealth Management LLC.  Created with Wix.com.

 

CFA - Chartered Financial Analyst (or CFA®): The CFA charter is a globally respected, graduate-level investment credential established in 1962 and awarded by CFA Institute — the largest global association of investment professionals. Passing the three six-hour cumulative CFA exams (Levels I, II, III) is a difficult feat that requires extensive study (successful CFA candidates report spending an average 1,000 hours of study to become a CFA). Earning the CFA charter demonstrates mastery of many of the advanced skills needed for investment analysis and decision making in today’s quickly evolving global financial industry.

 

To earn the CFA charter, candidates must master a broad-based curriculum of investment principles and commit to abide by, and annually reaffirm, their adherence to the CFA Institute Code of Ethics and Standards of Professional Conduct. The CFA Program curriculum provides a comprehensive framework of knowledge for investment decision making and is firmly grounded in the knowledge and skills used every day in the investment profession. The three levels of the CFA Program test a proficiency with a wide range of fundamental and advanced investment topics, including ethical and professional standards, fixed-income and equity analysis, alternative and derivative investments, economics, financial reporting standards, portfolio management, and wealth planning.

 

The CFA Institute Code of Ethics and Standards of Professional Conduct, enforced through an active professional conduct program, require CFA charter holders to:

  • Place their clients’ interests ahead of their own

  • Maintain independence and objectivity

  • Act with integrity

  • Maintain and improve their professional competence

  • Disclose conflicts of interest and legal matters

 

CFP® (Certified Financial Planner): The CERTIFIED FINANCIAL PLANNER™, CFP® and federally registered CFP (with flame design) marks (collectively, the “CFP® marks”) are professional certification marks granted in the United States by Certified Financial Planner Board of Standards, Inc. (“CFP Board”). Individuals who become certified must complete 30 hours of continuing education every two years, and agree to be bound by ethics requirements, in order to maintain the right to continue to use the CFP® marks.

 

The CFP® certification is a voluntary certification; no federal or state law or regulation requires financial planners to hold CFP® certification. To attain the right to use the CFP® marks, an individual must satisfactorily fulfill the following requirements:

  • Education – Complete an advanced college-level course of study addressing the financial planning subject areas that CFP Board’s studies have determined as necessary for the competent and professional delivery of financial planning services - including insurance and risk management, employee benefits, investments, income tax, retirement, and estate planning;

  • Examination – Pass the comprehensive CFP® Certification Examination - includes case studies and client scenarios designed to test one’s ability to correctly diagnose financial planning issues and apply one’s knowledge of financial planning to real-world circumstances;

  • Experience – Complete at least three years of full-time financial planning-related experience (or the equivalent); and

  • Ethics – Agree to be bound by CFP Board’s Standards of Professional Conduct, a set of documents outlining the ethical and practice standards for CFP® professionals.

 

Proud member of XY Planning Network! Advisors displaying this badge have been accepted into XY Planning Network by vowing to adhere to strict fiduciary standards, and carry the CFP® designation. XY Planning Network is the leading financial planning platform for fee-for-service financial advisors who want to serve their Gen X and Gen Y peers by providing comprehensive financial planning services without commissions, product sales or asset minimums. 

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