Services for Individuals
Focus on managing risk
Stratos Wealth Partners focuses heavily on risk management. Part of our risk management process is performing ongoing research and due diligence on all of our managers. In doing so, we have a qualitative and quantitative process that all our managers must meet before consideration in our portfolios. Our managers and portfolios are monitored on a daily basis.
What if you’re falling short of your retirement income needs? Would you choose to save more now, delay retirement for several years or invest more aggressively?
If you’re on track to exceed your retirement income needs, would you increase spending during retirement to reduce a potential estate tax burden on your heirs? Or would you choose another strategy like funding estate taxes through life insurance?
These are tough questions to answer if you don’t have access to the expertise and resources necessary to weigh the financial and tax implications of various options. That’s where your Stratos Wealth Partners advisor can provide significant value. We take the time to help you identify and prioritize your goals, and visualize probable outcomes to help you make confident decisions for your future and those who depend on you.
Preserving wealth from one generation to the next can be complex and time-consuming. Guidance from a competent, experienced advisor can go a long way toward helping make sure your financial success is shared with your family, friends and the charitable organizations you designate, according to your wishes.
We will help you articulate your estate planning goals and we will work closely with your tax and legal advisors to ensure your financial plan reflects your estate planning needs. Or, if you prefer, we can provide our own team of professional advisors adept at the intricacies of estate and tax planning. Whether you use a trust or another method for accomplishing your long-term estate planning goals, we can assist you in navigating today’s complicated tax and estate laws.
- Trust services*
- Tax-reduction strategies
- Legacy Planning
* LPL Financial representatives offer access to trust services through The Private Trust Company N.A., an affiliate of LPL Financial.
Whether you’re paying tuition costs now or saving for a future goal, it’s important to ensure that your education strategy is compatible with achieving your retirement income and related financial objectives. Tax considerations and retirement income needs must be weighed and evaluated before choosing a specific strategy. It’s important to remember that while education expenses can be funded through borrowing, retirement expenses cannot.
Since we’re an independent firm, we’re under no pressure to recommend proprietary education savings programs. Our only concern is which program best suits your needs.
- 529 Plans
- College cost analysis
Nearly all financial decisions have tax ramifications. Tax liabilities associated with income, estate, gift and various state, excise and sales taxes can take a real toll on your wealth. Our team of experienced professionals can help coordinate the various aspects of your financial plan to maximize tax-efficient strategies in line with achieving your overall financial goals.
Insurance & Risk Management
Protecting yourself, your loved ones, your home or your business against unexpected events is a fundamental aspect of financial planning. Closing the gap on potential risks can be tricky without a comprehensive plan and process that methodically evaluates all potential risk factors.
That’s why risk analysis is an integral part of our ongoing process. We continually identify and analyze all risk factors and make objective and unbiased recommendations to provide you with the peace of mind you seek.
We are committed to working with our clients to help them determine their long-term personal financial goals. We work with our clients in structuring their estate assets to minimize tax liabilities and maximize value to future generations by using individualized lifetime strategies to minimize income, estate, gift, and generation-skipping taxes.
Our professional team will work with your attorney and accountant to develop a plan that will coordinate with your insurance contracts to provide a sound workable plan. Periodically, we will review your plan to be absolutely certain that it continues to accomplish your long-term objectives.
Many families have seen over half the family assets confiscated by federal and state inheritance tax. Banking relationships have become severely strained and real estate is often sold at below market prices in order to finance these estate taxes.
Our goal is to assure our clients that all prudent steps have been taken to reduce their tax liabilities and to create the most effective means to finance whatever tax liabilities remain.
- Long-term Care