INTRODUCTION TO THE COMPANY

 

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Introduction
to the Company

Why a
"Fee-Only" Practice?

FAQ
about Ofps

Principles of
Wealth Accumulation

Choosing
a Financial Planner

Truth and Fiction
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Oconee Financial Planning Services LLC
22 Running Bear Ridge Road
Blue Ridge, GA 30513
A "fee-only" practice

ABOUT US

Oconee Financial Planning Services LLC (Oconee FPS) is a company devoted to assisting its clients in meeting their personal financial goals whatever they may be. These goals might include providing for a financially secure retirement, providing for a college education for children, wealth accumulation, leaving a large estate to beneficiaries, providing financial security for dependents if the client predeceases them, or any combination of these or other goals.

OUR CLIENTS

Our clients are described as low and medium net worth individuals or family units. Their net worths range from $150,000 to more than $10 million. Most of our clients are in the range of net worths of $1.5 million to $6.5 million. The planning that is done for each is personalized for the specific client needs. Some clients just beginning their careers are in need of help in budgeting, cash management, and planning for college education for their children. Other clients in mid-career seek assistance in retirement planning and asset allocation. Still others, near or at retirement age need assistance in estate planning and in planning for drawing down retirement assets while maintaining a presence in security markets. There is no one plan that fits everyone.

THE NEED FOR FINANCIAL PLANNING

Planning for financial well being is essential to the security of any household unit. The future is a guaranteed occurrence and if prior financial planning has not been accomplished the future may not be an enjoyable time. Comprehensive personalized financial planning done early and implemented in a systematic and disciplined manner can help to ensure a sound financial future.

WHAT KIND OF PLANNING IS BEST

It is important to stress the need for financial planning to be truly comprehensive in nature if it is to be effective. A person's financial well being is a combination of several elements including retirement plans, investments, insurance protection, and estate planning. Moreover, all recommendations made and actions taken regarding these elements must be done with the idea of avoiding, deferring, or minimizing taxes. Each element touches the others, and an effective financial plan must consider each element not only individually but also as each interacts with the others. A plan that is not comprehensive and integrated may fail to help a person reach his or her financial goals.

THE PERSONAL FINANCIAL PLAN

The basic document for sound financial planning is a Personal Financial Plan developed to meet the specific and idiosyncratic needs of each client. Oconee FPS offers no "one-size-fits-all" financial plan to its clients. The personalized plan developed for each client is comprehensive and integrated and is composed at minimum of two major parts. Part One contains the basic statements of financial condition (balance sheet) and cash flow as well as other relevant financial analyses. Part Two contains specific recommendations developed to achieve the client's goals accompanied by a detailed rationale for each so as to further clients' understanding of their Personal Financial Plans. These recommendations focus on investments, insurance protection, retirement and estate planning, tax planning and minimization, as well as other client needs as stated. Also included are specific recommendations for implementation of the Plan.

OTHER SERVICES PROVIDED BY OCONEE FPS

Some clients merely need a consultation on a specific personal finance matter. Such consultations are referred to as limited engagements and can deal with any of a myriad of possible topics.

 


 

Oconee Financial Planning Services LLC
22 Running Bear Ridge Road   ·   Blue Ridge, GA 30513
404-374-3048   ·   edwolpert@gmail.com

Copyright © 2015-16 Oconee Financial Planning Services LLC.
All Rights Reserved.