Our Services

As a client of Magis Wealth Planning, we're confident you will benefit from a detailed and integrated personal financial plan.

Comprehensive and Integrated Planning Services

 We offer our comprehensive planning services to address all aspects of your financial lives. Our service is priced based on the complexity of your situation and is billed quarterly with a clearly stated flat fee which is agreed upon before we start our work together.

Our annual fee can range from $5,000 to $50,000 per year, which includes preparation and filing of your personal income tax return.  In order to maintain our complete objectivity and work soley on your behalf, we accept no other form of fees or compensation from our clients.

Goals and Values.
Your goals and values are the foundation on which your personal financial plan is built. Everything else is coordinated so that you can achieve your goals while remaining true to your values.

Tax Planning.
You don’t have a choice about paying taxes, but you can avoid making the mistake of overpaying them. Tax planning helps to lawfully structure your income and take advantage of the adjustments, deductions, and credits for which you qualify so that you pay only what you owe when you owe it.

Tax Preparation.
By including tax preparation in your retainer we simplify your life while also ensuring that our tax planning strategies are correctly reflected on your return.

Portfolio Analysis.
We compile a complete inventory of your investments and analyze each for costs, tax efficiency, performance, risk, and diversification. We help you to understand what you have and whether what you have is appropriate for you.

Investment Allocation.
We use Functional Asset Allocation to create an overall net worth growth or preservation plan that protects you during market downswings and helps you fully participate in times of prosperity.

Investment Implementation.
No matter which investment custodian you use, we work with you so that the changes we agree on are made correctly and on a timely basis.

Retirement Planning.
Retirement planning is more than simply ensuring that you won’t outlive your money. It also involves the timing of benefits, including Social Security, and – beyond the money aspects – it’s about how you will make your retirement years personally fulfilling and enjoyable.

Risk Management.
Determining how much insurance coverage you need, what risks you can afford to self-insure, where you should buy your insurance, how much you should pay for it, and understanding and maximizing your employee benefit package are vitally important to your financial security.  We do not sell insurance products (or any other products) but we can help you make an informed decision.

Estate Planning.
Estate planning goes well beyond making a will. It may involve naming a guardian for minor children, making provisions for dependents with special needs, addressing medical directives and other end-of-life considerations, minimizing estate taxes, determining when a trust is appropriate, and deciding how to most effectively transfer ownership of a small business. We’ll help you consider choices you can then implement with your attorney.

Cash Flow Planning.

Deciding in advance how you will spend your money ensures you are making regular progress toward financial independence and keeps your plan on track. If you are dealing with debt and spending issues, we will help you set priorities and gain control over your money.

Education Funding.
If you have children or grandchildren, identifying the right mix of alternatives and maximizing their use is a complex and confusing process, but there are ways for families of any income level to effectively save for future college costs.

Business Planning.
Owning a small business can have a big impact on your personal financial plan – in taxes, in risk management, in cash flow, and in estate planning. Integrating small business planning with your personal financial plan is another key to reaching your goals.

Ongoing Consultation.
Our open retainer means that, in addition to the services listed here, we will provide advice any time you request it on the financial matters that concern you.

Fee-Only, Holistic Advice Leads to Better Financial Decisions and Fewer Worries


 Taxes and investments are key components of your personal financial plan, but peace of mind comes from attention to all aspects of your financial life.

The Importance of Integration

Does this sound familiar?

  • You go to a stockbroker for investment advice
  • An insurance agent to buy insurance
  • An accountant for tax preparation
  • An attorney for estate planning
  • A financial planner for a retirement plan

You end up with several pieces of your personal financial plan in place, but each was developed independently by a different person at a differing time in your life. Not only may individual pieces no longer be appropriate for your current situation and goals, but your progress toward your goals may be slowed because pieces of your plan are working against each other. We’ll make sure you have what you need and that your money is working for you as efficiently as possible. Learn more about our personal holistic financial planning services.

 

Holistic Financial Planning for Life’s Transitions


Financial planning would be easy if life always progressed according to plan. But life is a series of transitions – some planned, some unplanned – and the financial decisions made during these transitions can be the most critical ones. The time we take to understand you – your goals, your values, your relationships, your personal history, every aspect of your finances – and our availability to you as part of your retainer helps us be effective, trusted guides during your life’s transitions.

Would you have more peace of mind if you knew the most important things for your future were taken care of? Contact us to learn more about the difference a holistic personal financial plan can make.

Objective Investment Advice to Grow, Protect, and Manage Your Wealth


Growing, protecting, and managing your wealth requires answers to many questions, including:

  • Do I buy individual stocks, mutual funds, ETFs, Treasuries, commodities, gold, or just leave my money in my savings account?
  • How much am I really paying for my investments?
  • What are the tax implications of the investments I select?
  • Which investments should I hold in my retirement accounts instead of my brokerage accounts?
  • Are my investments properly diversified?
  • Are my investment decisions sometimes driven more by emotion than objective analysis?

Our professional investment advice is fully integrated with your comprehensive financial plan, giving you the security and confidence that you have the best investment strategy for meeting your goals.

 

Fiduciary + Fee-Only + Holistic = Objective Investment Advice


Selecting who provides your investment advice is one of the most important decisions you need to make. We hold ourselves to these standards:

  • Fiduciary: We are legally obligated to act in good faith and to put your interests ahead of our own. As fiduciaries, we also make, at the earliest possible opportunity, full written disclosure of any conflicts of interest which may compromise our impartiality or independence.
  • Fee-Only: We receive no compensation that is contingent on you acting on our advice. Fee-only advisors do not sell financial products and do not receive commissions or other benefits from the investment choices you make.
  • Holistic: We provide investment advice based on your goals only after considering all your financial risks, your tax strategy, and the rest of your financial plan.

Contact us to discuss your goals and concerns for growing, protecting, and managing your wealth. Our professional, objective investment advice may be just what you’ve been looking for.

 

Functional Asset Allocation for Growing Your Net Worth


Most financial planners and investment advisors focus on your investment portfolio and its performance against various indexes. While your investment portfolio is important, it’s only part of the picture. Your overall net worth is a much better measure of your financial well being and your ability to achieve your goals.

Functional Asset Allocation is a holistic approach to net worth management and growth. Its most basic premise is that there are three major categories of assets – interest-earning, real estate, and equities – and that each category has a fundamental function or purpose.

The purpose of the interest-earning category, which includes cash and bonds, is capital preservation. These investments protect against deflation and ensure that you will have a reliable cash flow while keeping this part of your portfolio safe.

The real estate category includes your personal residence, real estate that produces income (rental property, for example), and nonproductive real estate (including vacant land and second homes). The purpose of real estate is to protect against inflation through the opportunity to leverage your investment by mortgaging the property. It also fulfills the function of personal use and enjoyment.

Equities produce profits during times of prosperity. They are the growth engine of your net worth.

Once you understand the function of each asset category you see how questions like “Should I invest in stocks or bonds now?” are fundamentally flawed. Under Functional Asset Allocation, the three asset categories don’t compete against each other on performance or yield. The better question is “Do I have the right investments in each asset category, and am I properly balanced across all three categories so that I can achieve my goals and worry less about my finances?”

We can help you answer that question with a resounding “Yes.”

Minimize Taxes to Build Wealth


Because we pay attention to all aspects of your financial life, we know when you can realize tax savings by:

  • Restructuring your investment portfolio
  • Shifting income to dependents in lower tax brackets
  • Claiming appropriate office-in-home deductions
  • Maximizing retirement plan contributions
  • Identifying all the deductions that apply to your small business
  • Using charitable gifting strategies more effectively
  • Amending prior-year tax returns
  • Implementing other tax-saving strategies

 

Timely Tax Advice


We are working with you throughout the year, not just when it’s time to file your return, so we spot new opportunities for tax savings as they arise, and you have the necessary time to act on our advice.

 

Tax Advice You Can Trust


Who you choose for tax planning and preparation is important. As fiduciaries and personal income tax specialists, we understand and use current and lawful strategies to minimize taxes and help you build wealth.

What would you do with more money to put toward your goals? Discover how much you could be saving on taxes.