With the rising cost of higher education, setting up a sound college savings plan is a necessity for every family — and the younger the child, the more time for assets to grow. We can help you take advantage of such vehicles as 529 Plans, Coverdell Education Savings Accounts, minor trusts and other funding opportunities, thoroughly integrating them into your master financial plan.
Having the correct insurance coverage is primary to every financial plan, as it is the answer to protecting your assets and your family's well-being from the unexpected. We can help you make the right decisions on life, long-term care, disability and other types of insurance, and determine whether you have enough, too much or too little. What is more, as an independent firm, we have no ties to any particular insurance company, nor do we receive commissions for selling insurance products.
From mortgages to credit cards to business loans, every family is faced with a variety of borrowing decisions that can be costly if not properly selected. We can help you navigate the minefields of credit applications, provide guidance on interest rates and terms, and suggest alternatives you may not have considered such as lines of credit or other loan options.
As part of your financial team, we are delighted to work hand in hand with your CPA or other accounting professional to help minimize your tax obligations. Naturally, we are experts at putting tax-advantaged investments to work — such as municipal bonds, qualified plans and annuities. And we can help you make decisions on exercising stock options, selling securities at year-end to offset capital gains, and other complex situations.
In the years leading up to retirement, and once you are there, you have a steady stream of decisions to make — and we are here to help. We will advise you on the best investment vehicles for building your nest egg. When to begin taking withdrawals? How to maximize your monthly Social Security payout? We have the advanced tools to analyze multiple "what-if" situations and recommend the right strategies for your goals.
Whether you are building a business, have inherited a family business or are looking to exit, we can recommend sound strategies designed to save you money and ease your effort. Our knowledge encompasses such areas as setting up buy/sell agreements, assisting with employee stock ownership plans, and executive compensation packages, and transferring ownership of your business within your family.
Minimizing the estate taxes your family must pay — and avoiding probate — are keys to the strength of the legacy you leave. We can work side-by-side with your estate planning attorney to help you reach your future goals. Our services include making certain assets are properly titled ... regular estate plan reviews to keep everything up to date ... and making provisions for children, grandchildren, and charitable organizations.
Increasingly, many investors are concerned about potential long-term care needs and how it will affect their finances, and these expenses are one of the greatest economic risks that older Americans face. We are glad to explore the many strategies for funding future healthcare support for you and your loved ones. One of the greatest misconceptions on long term care funding is people believe incorrectly that Medicare will foot the bill, according to an AARP study. From the basics of long-term care insurance to the intricacies of annuities, or even self-funding we will provide the specialized insight and analysis you need to confidently prepare for tomorrow's challenges.
Kotys Wealth Professionals is a fee-only Registered Investment Advisory (RIA) ﬁrm. We are not ever paid by commissions. Kotys Wealth Professionals clients either pay hourly fees for comprehensive ﬁnancial planning services, a ﬂat fee based on a particular project, or a percentage of the assets managed. Kotys Wealth Professionals provides advice and makes recommendations regarding Life insurance, Disability insurance, Long Term Care insurance and income needs without being paid on the products associated with these recommendations. Our business model is all about providing conﬂict-free, unbiased ﬁnancial advice to each of our clients.
We embrace our industry’s fiduciary standard, and act as a fiduciary for each Kotys Wealth Professionals client. This is critical as many large firms are running away from this standard, fearing it will limit their ability to sell their own products to investors.
Our President, is a member of National Association of Personal Financial Advisors (NAPFA), and has taken the ﬁduciary oath promising to follow a stringent code of ethics covering
It's the assurance that your ﬁnancial advisor is among only 17% of all advisors in the industry. A CFP® undergoes extensive training in ﬁnancial planning, estate planning, insurance, investments, taxes, employee beneﬁts and retirement planning, and is required to uphold certiﬁcation by adhering to the CFP Board's Standards of Professional Conduct and completing regular continuing education in new ﬁnancial instruments. CFP® certiﬁcation is the most recognized credential in the personal ﬁnancial planning industry.
When you become a Kotys Wealth Professionals client we will give you an opportunity to customize your experience with us during our pleasant on-boarding process. Together we will ﬁll out a preference survey to determine how often you would like to have review meetings, whether you want to receive our market commentary, receive invitations to our client events, and even how you like your coﬀee when you visit us.
Building a unique ﬁnancial plan and investment portfolio suited for your current goals is just the beginning. Life is not static and neither is our process. This is why we provide timely, reassuring advice for our clients for all transitional events — marriage, having children, moving, career changes, business succession, retirement, even the diﬃcult times of divorce or the death of a spouse.
Absolutely — Not only do we enjoy collaborating with your other professionals, we believe open communication with your CPA and attorney will ultimately provide you and your “professional team” with the most eﬃcient outcome. Too often, ﬁnancial matter have been taken care of in isolation from one another. We believe one of our major roles as a ﬁduciary is to recommend collaboration when it makes sense. This allows for a truly holistic experience
At Kotys Wealth Professionals, every ﬁnancial plan is as unique as every client we serve — but the common thread is that they are all remarkably comprehensive. We believe it is vital that we review virtually every facet of your ﬁnancial life, so we can help you achieve a better "return on life." Once we fully understand your life's priorities, we then assess any gaps in your ﬁnancial situation that need to be ﬁlled. Together, we will create a living blueprint — one that adapts to change and life events — to help you accomplish your goals.
While all of these categories will not apply to your exact situation, rest assured that your plan will cover everything that is relevant to you. Our long list of areas we are ready to discuss may include, but is not limited to:
Most ﬁnancial “sales people” are trained to answer this question with things like, “I would put my own mother’s money in this” or“I have my money here, so if it is good enough for me it should be good enough for you.” Our experience shows us these comments are often followed up with presentations about equity-index annuities or other complex products which need to be sold because they are diﬃcult to understand and pay insurance agents and advisors outrageous up-front commissions.
Our answer to this question is that we certainly invest our money in portfolios that we manage, however they are designed to meet our individual goals and risk proﬁle. The portolios we build for you will follow the same discipline process as the ones we build for ourselves, but will certainly be unique to your ﬁnancial picture.
We work with people who have a passion for life. One common thread we ﬁnd in our clients is they are “down to earth” people who have a love and passion for their lives, their careers, their charitable aspirations, and their families. The term “millionaire next door” has become a cliché; however many of the amazing people we work with ﬁt this bill. Our clients' goals very from growing successful enterprises to spending time with grandchildren.
Everyone assumes the next person has more money than they do, and we have come to understand this concept has kept some people from making an initial contact with us. For this reason, we invite you to contact us for a no obligation initial consultation. We believe this should be an interview between you and our team to determine if we are a good ﬁt. We have a healthy business and are glad to help people ﬁnd what they are looking for, turning their questions to an actionable roadmap.
At Kotys Wealth Professionals you will not experience call menus or long wait times. Our dedicated team is here to assist you with quality and eﬃciency. If there is a time when you must leave a message, we will respond promptly to address your situation. We have clients as far away as Alaska and have spent many hours honing in our service model so that every client feels we are available when they need us. If you need to set a meeting or have a phone call outside of our regular scheduled times, just contact us and we will work with you. If you are afar, and a face-to-face meeting is in order, we will utilize one of the many technology options available to have a web conference ensuring your questions are answered and concerns dealt with. It is our goal to always exceed your expectations with highly personalized service.
Some investors can sleep soundly no matter how the market may fluctuate, and others need predictability to feel comfortable. Where you fall on the risk spectrum is key to your investment style. Kotys Wealth Professionals take the time to determine your personal risk profile before we make any recommendation. It is something you should know no matter where you invest, and it is completely complimentary as our way of getting acquainted … of course with no obligation to become a client.