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Tax & Business
Personal Financial Management
Marcum’s Financial Wealth group is focused on your total financial wellness. Whereas a tax accountant offers tax return preparation and planning and a financial advisor reviews retirement and financial planning, our professionals work together to unlock strategies aimed at enhancing your financial well-being.
Our tax, financial planning, and legal expertise cater to your specific needs and incorporate a combination of integrated services, strategies and planning techniques to provide you with optimal guidance and consultation, monitoring and oversight.
This “one-stop” approach allows the advisors from each discipline to work together, resulting in more expedient and beneficial consultation. We aim to move beyond tax preparation and portfolio management to become the planner, advice giver, problem solver and intellectual capital warehouse.
At each level, clients are provided with both the initial analysis and strategy creation and ongoing monitoring and progress reporting packages that are combined to provide clients with ongoing, intrinsic insight into their financial roadmap.
The Marcum Personal Financial Management Process
M
MISSION
Defining a concise statement of your personal goals.
A
ADVICE
Developing strategies to guide prudent actions for the future.
R
RELATIONSHIPS
Understanding how your personal connections affect your goals.
C
CUSTOMIZED
Modifying the plan to suit your particular needs.
U
UNIFIED
Joining together all aspects of your financial, tax and legal plans.
M
MANAGEMENT
Controlling and monitoring the outcome of your plan.
Your Personalized Financial Management Options
INITIAL
Options
Description
Core
Enhanced
Concierge
Retirement Goal Planning and Monitoring
A basic retirement plan built on an analysis of your existing assets, future income and retirement goals and objectives.
Core, Enhanced and Concierge
Tax Return Review
An overview of your income tax returns for the previous year and advice on planning steps to mitigate taxes.
Core, Enhanced and Concierge
Education Planning
An analysis of the education needs of your family and funding strategies.
Core, Enhanced and Concierge
Net Worth Statement
A basic net worth statement capturing both your retirement and non-retirement assets. Includes investable and personal assets
and liabilities.
Core, Enhanced and Concierge
Budget Guidance
A template budget and guidelines on how to create and stick to a budget.
Core, Enhanced and Concierge
Risk Management Needs Analysis
A review of the amount of life, disability and long- term care insurance needed to protect the family in the event of unforeseen
events.
Core, Enhanced and Concierge
Total Asset Allocation Strategy
An in-depth review of your asset current allocations and recommendation on a strategy most suitable to meet your desired objectives.
Enhanced and Concierge
Investment Policy Statement
Creation of a household Investment Policy Statement guiding investment choices, asset allocation, and performance criteria
for the portfolio.
Enhanced and Concierge
Estate Plan Review
A review of your existing estate planning documents and suggested steps to mitigate estate taxes and implement next-generation
wealth transfer planning.
Enhanced and Concierge
Tax Return Review including AMT and NII Analysis
An overview of your income tax returns for the previous year and advice on the planning steps to mitigate taxes.
Concierge
Social Security and Medicare Analysis
A review of social security benefits and identification of claiming strategies to maximize social security payout.
Concierge
Estate Plan Review
An review of your existing estate planning documents, review of asset protection strategies, charitable planning and suggested
steps to mitigate estate taxes and implement next-generation wealth transfer planning.
Concierge
Debt Analysis and Restructuring
A review of existing loans to identify ways of reducing loan servicing costs. Debt consolidation recommendations to reduce
payments and enhance tax efficiency of interest payments.
Concierge
Life and Liability Insurance Review
An analysis of your existing insurance needs and review of your policies for performance and features needed to cover your
loved ones.
Concierge
Gifting Analysis and Strategies
The creation and development of an asset and tax-efficient philanthropic plan that reflects and reinforces a family legacy
of giving.
Concierge
RECURRING
Options
Description
Core
Enhanced
Concierge
Annual Tax Return Preparation
A basic income tax return preparation that includes wages, 3-4 brokerage statements, 2 non-hedge fund K-1's, itemized deductions
and one resident state income tax return.
Core, Enhanced and Concierge
Semi-Annual Performance Report and Education Goal Tracking
A mid-year report providing a high level overview of your asset allocation, accumulated rate of return and variance report
with your retirement return benchmark.
Core, Enhanced and Concierge
Annual Insurance Needs Analysis
Track against major life events and / or changes to net worth to see if the needs have changed.
Core, Enhanced and Concierge
Tax-Harvesting
An annual evaluation of your total insurance needs and tax-harvesting for minimizing capital gains during Q4.
Core, Enhanced and Concierge
Annual Tax Projections
An annual tax projection during Q4 advising you of your projected tax liability for the year and steps to mitigate them, if
possible.
Core, Enhanced and Concierge
Annual Performance Report and Net Worth Statement
A year-end report providing a high level overview of your asset allocation, accumulated rate of return and variance report
with your retirement return benchmark and well as an annually updated Basic Net Worth Statement.
Core, Enhanced and Concierge
Cash Flow and Budget Tracking
(available with Raymond James accounts only)
(available with Raymond James accounts only)
A report providing details of cash in-flows and out-flows and how they correspond to an annual budget.
Enhanced and Concierge
Annual Credit Report
Obtain copies of an annual credit report and review for negative factors lowering credit score.
Enhanced and Concierge
Mini Life Book
A compilation of the most important elements of your personal and financial life that leaves a footprint for loved ones when
they need it most.
Concierge
Fees will vary based on the exact services that are part of a customized engagement.
The personalized options are examples and the exact services may vary by client and are subject to change without notice
THE RAYMOND JAMES ADVANTAGE *
The decision to hire a professional financial team should take into account the quality and professionalism of the firm that stands behind them. In choosing to do business with our team, you are also doing business with Raymond James.
Our team utilizes the extensive resources of Raymond James to effectively meet the needs of our clients. This approach allows us to provide a wide range of solutions by leveraging the expertise of Raymond James professionals.
* Securities are offered exclusively through Raymond James Financial Services, Inc., member FINRA/SIPC. Marcum Financial Services LLC is independent of Raymond James Financial Services.
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