Watts Capital has a team of Certified Financial Planners™ and encourages each of its Wealth Managers to attain the CFP® designation. This brings not only the expertise of the CFP® training, but also a firm-wide commitment to the CFP® Standards of Professional Conduct. 

In working with every client, Watts Capital takes into account the client's entire financial picture. This encompasses seven major areas of one's financial life.

Seven Major Areas of Financial Planning

 

Assessment of Current Financial Situation

1

Goals and values
Net worth
Liability analysis
Cash flow analysis and projection

Risk Management and Insurance Planning

2

Analysis and evaluation of risk exposures
Health insurance and health care cost management
Disability income insurance
Long-term care insurance
Annuities
Life insurance
Property & casualty insurance

Investment Review and Advisory

3

Risk tolerance
Current portfolio
Portfolio allocation

Tax Analysis and Planning

4

Review of income tax return
Income tax planning

Education Planning

5

Education needs analysis
Education funding sources, including savings, gifting, scholarships and financial aid

Retirement Savings and Income Planning

6

Retirement needs analysis
Social Security, Medicare, Medicaid
Qualified retirement plans
Other tax-advantaged retirement plans
Retirement income and distribution strategies
Business succession planning

Estate and Legacy Planning

7

Review existing documents: Wills, trusts, durable powers, medical directives, etc.
Heir identification and goals
Charitable giving and legacy goals
Account titling
Wills, executors, trusts and trustees.

Often, when one asks a financial planner to prepare a plan, the client receives back a thick, standardized multi-page report with dozens of colorful pie charts. At Watts Capital, we take a different approach. With each client, we identify the one or two most pressing financial issues in the client's life. We then work with the client to develop and implement a plan to resolve those issues. Watts Capital undertakes these assignments on a case-by-case basis. 

The result is that upon completion of a financial planning engagement, the client has in place the new arrangements that will enable them to move worry-free toward achieving their financial goals