Constructing a comprehensive financial plan is a process and involves several steps. Each one is important, and all must be coordinated if your financial plan is to succeed. At Marquis, we will guide you through each step and help you to clearly define your goals. A comprehensive financial plan, accompanied by a personalized cover letter summarizing the financial plan and our recommendations, is prepared for every Investment Advisor client and is included in our ongoing investment advisory fee. Construction of a financial plan is also available to Investment Builder clients, and on a stand-alone basis, but at an additional fee negotiated at the time of the engagement. With this plan, we will be able to assist you in developing a strategy for your financial future, one that is designed to meet your specific goals and objectives.

Financial planning is an ongoing process. As you achieve one goal, another will take its place. For Investment Advisor clients, we will revisit your financial plan periodically to update and review the analysis with you in order to ensure the plan is current and review our progress towards your financial objectives.

Our financial planning services may include the following review & analyses*:

• Net Worth
• Education Funding
• Life & Disability Insurance
• Retirement
• Estate Planning
• Long-Term Care Needs

*A financial plan may be performed on a "limited scope" basis, which would include only those subjects listed above that fit your needs. Since a "limited scope" plan would not encompass all subjects listed above, the cost would be adjusted accordingly.

Net Worth
This analysis is an overview of your total assets (liquid & non-liquid) and your total liabilities. The difference is your Net Worth. This analysis provides you with information similar to a balance sheet and is helpful in determining how "liquid" your net worth is in case of emergency.

Education Funding
Planning for a child or grandchild’s college education is an important part of many families’ financial plan. Unfortunately, most families don’t save enough, or start saving too late to be able to fully pay for a four year education. This analysis considers such factors as: the increasing cost of public and private education, general economic inflation, and the age of the child. The result provides the client with specific amounts to save on a monthly, annual, or lump-sum basis for the child’s education, assuming a conservative annual return. Marquis also consults on the various tax-advantaged options available for education savings, including: Education IRAs, State 529 plans, and UTMA/UGMA accounts.

Life & Disability Insurance
While most people are familiar with life insurance, many aren’t sure if they need to buy a policy, or if the policy they already have provides enough coverage. Disability Income insurance is often overlooked unless it is provided by an employer, but is sometimes the most important type of insurance a client needs. This analysis takes into account any current insurance policies the client owns, and determines first, if the policy is the right type of policy for the client, and second if the policy provides adequate coverage. As a part of the analysis, we will make recommendations, and as necessary assist the client in the purchase of additional insurance.

Retirement Analysis
For most clients, retirement planning is the core of their financial plan. The key question we attempt to answer is: When can the client retire, and how much income will their investments provide them at that time, while still being reasonably assured that their savings will last throughout their retirement? As a part of the retirement analysis, we consider all retirement savings and investment accounts, company pension plans, and social security as sources that can be used to meet the client’s income needs. We further consider a moderate rate of inflation and a conservative rate of annual return on the client’s assets to arrive at the answer. Based upon the assumptions we have made in conjunction with the client, we will then work to fine-tune the retirement analysis and make adjustments to (if necessary) arrive at the intersection between what is desired and what provides a reasonable probability of success.

Estate Planning
There are certain estate planning documents every person should have. As a part of the financial plan, we review any estate planning documents you already have and offer our recommendations for making sure at least a basic estate plan is in place. Then depending upon the projected size of the estate, we will offer additional recommendations for minimizing any potential estate tax. If necessary, we will refer the client to a local estate planning attorney to draft any new documents.

Long-Term Care Needs
Health Insurance & Medicare are designed to cover short-term care and rehabilitation and Medicare is only available if you're 65 & over. For clients under age 65, long term disability insurance is likely one solution. But as clients near retirement age, or for those who are already retired, long term care insurance needs to be considered. We take into account all possible sources of income to pay for an extended rehabilitation or assisted-living or nursing home stay, and then determine if the client could reasonably pay for those expenses out of their accumulated savings. While this knowledge is helpful to the client, we will always present every available option for their consideration. This includes long term care insurance, which, when purchased at the proper time, can provide much-needed additional income in the event of a long-term disability, illness, or cognitive impairment. For clients who do not have enough assets to cover these potentially high expenses, long term care insurance can provide peace of mind for the client and their families. For those clients who are fortunate to have a large enough asset base to meet any potential medical need, long term care insurance is one possibility of ensuring that the client will be able to pass some of their wealth to their heirs, favorite charity, or as they otherwise choose.

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Principles and Associates of Marquis Wealth Management Group