Our 6 Phase Financial Planning Philosophy
Over 90% of the clients we meet invest without a plan and are unsure of how close they are to reaching their financial goals.
We help to clear the uncertainty and quantify the likelihood of reaching their goals.
A Dynamic Financial Plan
At the core of our financial planning philosophy is a dynamic financial plan and portfolio construction. We focus on clearing the uncertainty and quantifying the likelihood of reaching important personal and financial goals. The dynamic financial plan allows us to connect with families and business owners on a personal level by identifying goals and determining the probability of reaching these financial goals through probabilistic forecasting. Our approach is an alternative to the common approach used by advisors in the industry where client meetings consist of discussing portfolio returns. In terms of probability, Samra Wealth Management quantifies for the client the ability to reach their goals.
If you feel lost and confused after meeting with your financial advisor, contact us now and take the first step in clearing the confusion and talking with a financial advisor who speaks your language.
Without a plan, there is no quantitative method to measure the likelihood of reaching your goals.
At Samra Wealth Management, the majority of our clients receive a financial plan as part of our uncompromised attention to our service model.
Trust & Estate Planning
At Samra Wealth Management, no two clients have identical portfolios. The rationale behind individualized portfolio construction and management comes down to market timing. Although it is possible for two clients to have similar needs, expectations and appetite for risk, it is improbable these clients would enter the market during the same market cycle. This flaw is prevalent among passive investment themes, as client funds are invested into a mutual fund regardless of the price of the underlying securities within the mutual fund. This lack of an investment strategy can cause an investor to purchase assets at inflated prices. At Samra Wealth Management, our portfolios are research based and aim to capitalize on factors affecting the macroeconomic landscape.
Life insurance provides for your family's financial needs, whereas Trust & Estate Planning help to answer important questions such as: Do you know where your children will go to school? Who will manage your family's financial affairs? How long would you want to remain on life support?
At Samra Wealth Management, your financial plan incorporates the non-financial factors of your life: your family, your health and your legacy. Samra Wealth Management works with your other advisors to develop a plan to efficiently transfer wealth to your heirs and favorite charities, protect your family and business, grow your assets, and minimize taxes.
Working with Samra Wealth Management, we will provide you and your family with peace of mind, ensuring your assets are invested appropriately, provided for your heirs, and your wealth will be transferred seamlessly in a tax-efficient manner. Collaborating with Trust & Estate Attorneys, Tax Attorneys and CPAs, our estate planning strategies can help you:
Reduce or eliminate inheritance taxes, including estate and gift taxes
Plan for incapacity by knowing who will manage your health and related expenses.
Protect your assets from creditors
Ensure your business continues with a succession plan
Select who will care for your children in the event you pass
Save your family from difficult decision making regarding your health and end of life decisions
Continue to support your favorite charities
With a collaborative approach to estate planning, we work collectively with your estate planning attorney and other advisors to provide the most comprehensive and seamless service.
Philanthropy & Charitable Giving
Philanthropy is most effective and sustainable when it is connected to what matters most to you. At Samra Wealth Management, we will work with your family or business in determining the best strategy and time for you to give to a cause important to you. Contact us today to talk about:
Endowments, Foundations & Grant Making
Donor Advised Funds
Charitable Gifts of Life Insurance
We will work with your non-profit, school or religious organization in maximizing donations.
We take the guess work out of insurance planning by identifying gaps of coverage and areas of over insurance. We work with your insurance company to implement coverage that aligns with the needs of your family or business. We are able to maximize coverage by creating hybrid insurance models. With a ratio of whole life permanent insurance with term life coverage, we ensure our clients have adequate coverage while minimizing expenses. In partnership with your insurance agent(s), effective insurance planning can help with:
Replacing the income of a deceased/incapacitated spouse or family member
Negotiating a divorce settlement
Funding a Buy-Sell Agreement: a legally binding agreement between co-owners of a business that governs the situation if a co-owner dies or is otherwise forced to leave the business, or chooses to leave the business
A collateral assignment: a conditional assignment appointing a lender as the primary beneficiary of a death benefit to use as collateral for a loan. If the borrower is unable to pay, the lender can cash in the life insurance policy and recover what is owed
Tax & Estate Planning
Tax planning is a fundamental and often times overlooked area of financial planning. With the recent changes to the tax code, an effective taxation strategy should take into consideration the tax implications of individual, investment, or business decisions. We will work with your tax advisors to help create a financial plan that mitigates tax liability through:
The creation, and management of tax mindful portfolios
Tax loss harvesting
Tax deferred investing
Management of trust held investments
Given the rising interest rate environment, investors with high tax sensitivity are encouraged to involve their tax advisors during the financial planning process.
Samra Wealth Management is not a tax advisor. All decisions regarding the tax implications of your investments should be made in consultation with your independent tax advisor. Samra Wealth Management does not provide tax or legal advice. We will work with your independent tax/legal advisor to help create a plan tailored to your specific needs. This material is not intended to replace the advice of a qualified tax advisor, attorney, and accountant or insurance advisor. Consultation with the appropriate professional should be done before any financial commitments regarding the issues related to the situation are made. The material contained herein is for informational purposes only and does not constitute tax advice. Investors should consult with their own tax advisor or attorney with regard to their personal tax situation. A portion of income may be subject to State and local taxes.
You've worked hard to build your business, and you want to leave it in the right hands.
Business Succession & Legacy Planning
More than 50 percent of all small business owners are 50 or older, according to the U.S. Small Business Administration. That means many of America’s 28 million small business owners are coming to that point in their lives when they need to think about a transition for their businesses. Learn more about:
One Way Buy-Sell Agreement
Cross Purchase Buy-Sell Agreement
Entity Purchase Buy-Sell Agreement
A survey earlier this year by CNBC and the Financial Planning Association found that while 78 percent of small business owners intend to sell their businesses to fund their retirements, fewer than 30 percent have a written succession plan. That is not a recipe for success.
A good plan covers both the human resources aspects of a transition and the financial details, particularly if your succession plan is supposed to generate the income you will need during retirement. It’s also a good idea to have a succession plan if you intend to sell your business to change careers.
When Does a Small Business Owner need a Succession Plan?
Couples with big differences in earnings should consider claiming the spousal benefit which may be better than claiming your own.
Social Security Planning
Married couples may have some advantages when deciding how and when to claim Social Security. Even though the basic rules apply to everyone, a couple has more options than an individual because each member of a couple can claim at different dates and may be eligible for spousal benefits.
When should you claim social security?
We use financial planning software to run various collection strategies for our clients to see which strategy could result in the greatest combined lifetime benefits.
Assessing the Social Security benefits of married, widowed, divorced and single clients, including spousal and survivor benefits where applicable.
Comparing benefits from multiple distinct collection strategies to automatically provide the strategy with the highest average lifetime benefits.
Customized calculations based on estimated Social Security benefits, government pensions, cost-of-living adjustments and investment returns.