Worrell Advisory's mission is simple. We strive to help clients focus on these four key areas of a successful wealth management plan:
We discuss a clients investments and asset allocation to make sure they are appropriate.
We discuss their life insurance to make sure it is adequate in case of their premature.
We discuss their income tax situation to make sure they are not paying unnecessary taxes on investment income and capital gains.
Analysis of Overall Investment Portfolio
- Asset Allocation Management
- Diversification Management
Analysis of Overall Insurance Plan (Life, Disability, and Long-Term Care)
- Adequacy
- Appropriateness
-Cost Effectiveness
Tax Sensitivity Management
Qualified Retirement Plans/IRA’s
-Distribution During Life & Distribution at Death Corporate Executive Stock Options
- Investment Concentration Issues
- Funding of Exercise Plan
- Taxation Issues & Transferability
Business Succession Plan
Who is Durable Power of Attorney/Successor Trustee?
Lack of Continuity Issues, Gifting to Children/Descendants
Tax Efficiency & Control
Charitable Gifting - History & Plans, Tax Efficiency & Control
Titling of Assets - Who is Executor/Trustee & Lack of Continuity Issues
Distribution of Wealth to Spouse, Descendants & Others
Tax Efficiency & Control
Charitable Inclinations at Death - Tax Efficiency - Control
Who Will Manage Assets if Pool of Funds is Kept Intact?