Investment Management and Comprehensive Financial Strategies
After working closely to define your investment goals and objectives, we develop an investment strategy that may consist of mutual funds, bonds, Exchange Traded Funds (ETFs), closed-end funds, stocks, annuities, or alternative investment products. Our approach to asset management is holistic: we will custom-build your investment plan to complement other planning concerns, such as taxes and workplace benefit plans.
Our clients benefit from our extensive experience, which guides them away from transient investment trends and market-timing tactics that are often prevalent. Our strategies have successfully navigated through both favorable and challenging market conditions over the past few decades, with a strong focus on risk management and diversification. While we acknowledge the importance of learning from past experiences, we firmly believe that a robust plan should always look forward. As Warren Buffett aptly noted, "If past history was all there was to the game, the richest people would be librarians."
Financial independence means not having to work. Though many of our clients choose to work after they have become financially independent, having enough financial resources saved to support their desired lifestyle provides peace of mind and a possible legacy for future generations.
As we have learned through years of experience, spending requires as much planning as saving. Retirement planning involves managing a number of issues, such as:
1. Ensuring that your financial resources outlast your lifetime.
2. Mitigating income tax burdens.
3. Minimizing fluctuations in your investment portfolio.
4. Coordinating workplace and social security benefits with your IRAs and other investment accounts.
5. Prudent budgeting.
6. Effectively managing healthcare expenses.
In the past, people could rely on the security of pensions and government social programs to support their post-retirement lifestyle. However, this is rarely the case in today's world. Recognizing this reality, at NFN, we empower our clients to take control of their retirement and devise a practical plan to address the risks they may encounter. Our comprehensive process illuminates the potential challenges and presents tailored solutions that extend beyond the pursuit of high rates of return. Like all our financial planning endeavors, the retirement strategies we craft draw upon our wealth of experience while being meticulously customized to suit your unique circumstances.
Estate planning transcends mere tax minimization; it encompasses the formulation of a comprehensive strategy to ensure that your assets are directed according to your wishes and specific conditions. At NFN, we collaborate with you to compile a meticulous inventory of all your assets and clarify ownership and beneficiary designations. Your plan will be conveniently accessible online through our secure planning system.
Our support extends to coordinating a spectrum of components, ranging from fundamental tools like Wills, Health Care Proxies, and Durable Powers of Attorney, to more sophisticated tax reduction techniques, such as trusts, family limited partnerships, and gifting strategies. While we do not provide legal services or charge for such services, our clients appreciate our ability to explain the array of available strategies in plain, understandable terms. This serves as a valuable preliminary step before engaging with a legal professional. Once our clients have a firm grasp of the potential options, we can refer them to an external attorney or collaborate directly with their existing legal counsel.
The United States Tax Code provides entrepreneurs with extensive retirement planning options, allowing for tax deductions today while securing their retirement savings. Collaborating closely with our clients' accountants, we assess and identify the most suitable retirement plans tailored to their unique situations. These options encompass SEP IRAs, 401(k)s, SIMPLE IRAs, Profit Sharing Plans, and Defined Benefit Plans. It's worth noting that these retirement plans are typically just one facet of a more comprehensive exit strategy, as there may come a time when the business needs to be sold or passed down to the next generation.
Beyond assisting entrepreneurs in bridging the divide between their personal and business finances, National Financial Network also actively engages with stakeholders to formulate a business continuation plan, such as Buy/Sell agreements. Additionally, we work on crafting employee retention plans by leveraging Deferred Compensation Plans and other incentive programs.
A sound financial plan starts with a foundation of protection. Without safeguarding against potential risks like legal disputes, prolonged illness, or untimely death, aspirations for a secure retirement, funding education, or saving for the future remain vulnerable and incomplete.
Our meticulous planning process involves using objective tools and draws upon years of experience to assess and quantify the risks you may face. Protection planning encompasses thoroughly examining your estate planning documents, such as Wills and Trusts, and a comprehensive evaluation of your insurance policies. Together, we determine the optimal insurance coverage and identify the types that best suit your specific circumstances.
While calculators can assist in quantifying the appropriate insurance coverage, we recognize that planning for unforeseen events also necessitates the incorporation of personal values into the decision-making process. Therefore, we avoid one-size-fits-all rules often propagated by less sophisticated media sources, instead crafting customized plans.
Insurance often remains one of the most misconstrued and underutilized financial tools. Our wealth of experience and research has empowered us to devise strategies that enable our clients to protect and grow their assets using time-tested financial products.
If we continually to neglect either, we will suffer the consequences later. In many ways, we are like your family doctor, but rather than looking at your physical condition, we are interested in your financial well-being. Like your physician, we perform comprehensive evaluations on a regular basis and an actionable game plan to improve your financial fitness. NFN provides you with tools to track your progress and will closely monitor your progress towards achieving your goals – be it a comfortable retirement and financial independence, putting the kids through school or providing a legacy for future generations.
National Financial Network (NFN) is a financial services firm that has over 65 years of experience helping high net worth individuals and business owners with all aspects of financial planning. We employ over 100 Advisors and staff and have offices in Manhattan, and Garden City, Long Island, Connecticut, and New Jersey.
Though NFN has the ability to use virtually any investment or insurance product that is available in the marketplace today, we are a general agency of The Guardian Life Insurance Company of America. It is one of the largest mutual insurance companies in the United States and has received exemplary ratings from the major ratings services.
Park Avenue Securities (PAS) is a broker-dealer, registered investment advisor and a wholly owned subsidiary of The Guardian Life Insurance Company of America. This enables us to provide our clients with full-service brokerage and investment advisory products and services. PAS has over 2,500 Registered Representatives nationwide and gives NFN access to widely known mutual funds, ETF’s and annuities like those offered by Fidelity, Vanguard, American Funds, T. Rowe Price, Prudential, and hundreds more. For more information about Park Avenue Securities visit www.parkavenuesecurities.com.
PAS is a member of FINRA, SIPC, and must adhere to the rules and requirements of these regulatory bodies.
At NFN we put our clients’ interests first. Our structure enables us to use virtually any publicly traded investment product, or insurance product, allowing us to create a financial plan that consists of the “best of the best” offerings. Since we are not obligated to use any one company’s products over another, our clients’ needs come first.
All broker/dealers have a “clearing firm”. The clearing firm actually “holds” clients' accounts and performs essential functions for financial companies and their clients. Park Avenue Securities clears through Pershing LLC. Pershing is a subsidiary of The Bank of New York Mellon and is one of the largest providers of brokerage services, with over $1.5 trillion in global client assets.
All broker/dealers have a “clearing firm”. The clearing firm holds” clients' accounts and performs essential functions for financial companies and their clients. Park Avenue Securities clears through Pershing LLC. Pershing is a subsidiary of The Bank of New York Mellon and is one of the largest providers of brokerage services, with over $2 trillion in global client assets.
To learn more about how your money is protected visit https://www.pershing.com/us/en/about/strength-and-stability.html
In addition to SIPC protection, Pershing provides coverage in excess of SIPC limits from certain underwriters in Lloyd's insurance market. It provides the following protection for Pershing LLC's global client assets: