Financial Planning

SAVING CLIENTS TIME AND ENERGY:

Legend Financial Advisors, Inc.’s^® (Legend) personal financial planning services are designed to enhance their clients’ overall financial situation by providing personalized value-added services to clients. Legend’s goal is to assist clients in making informed, intelligent financial decisions to save each client the time and the energy that it takes to manage their increasingly complex financial situation, so that they are free to focus more closely on matters that mean the most to them.

Personal Financial Planning Services:

After a client completes an online data questionnaire, delivers all relevant financial documents and has an in-depth conversation with Legend’s advisory team members, an analysis of a client’s current and long-term financial goals is conducted.  Legend will then develop personal financial recommendations for areas of concern to the client which may include the following (some of the more common deliverables are listed below):

1. Legend provides a client with a net-worth statement and cash flow analysis.
2. Counseling for pre- and post-retirement planning as well as accumulation and income tax-efficient distribution strategies from retirement accounts is provided.
3. Federal and state income tax projections.  (Please note that Legend does not prepare income tax returns.) Legend can provide accountant/tax preparer referrals for you to interview.
4. Education cost projections as well as income tax-favored savings options. 
5. Estate document reviews including wills, trusts, powers of attorney, etc. are performed. Estate and inheritance tax reduction strategies, beneficiary coordination, asset retitling and philanthropic decision-making can be evaluated and discussed.  (Please note any legal documents that need to be written should be performed by a qualified estate planning attorney – Legend does not prepare legal documents.) Legend can provide estate planning attorney referrals for you to interview.
6. Reviews of the most common insurance policy types are conducted including life insurance for survivor and estate planning needs, an analysis of disability, medical and long-term care insurance coverages in addition to liability exposures, such as homeowners, automobile and personal liability coverages.  (Please note that Legend does not sell insurance products of any type.) Legend can provide insurance agent referrals for you to interview.
7. A review of the client’s employee benefits.  An evaluation of stock option exercise strategies, restricted stock units, short- and long-term incentive plans as well as deferred compensation plans.

8. Investment Management/Consulting of a client's various accounts. To learn more, please visit our Investment Management/Consulting section.

    

OTHER PERSONAL FINANCIAL PLANNING SERVICES:

1. Guidance regarding trust services can be provided to the client including selecting an independent trust company. 
2. A financial analysis of revenues and expenses of the operations for client-owned rental real estate can be provided.
3. A review of a client's Required Minimum Distributions, if applicable.
4. Legend may offer to perform reviews of the following documents. Legend provides guidance but does not portray itself as an expert in any of the following areas including, but not limited to: