THE PATH Financial provides a fee-based financial planning service that ensures our client’s best interest is always at the forefront of our recommendations. We have a fiduciary responsibility to put your best interests ahead of anything. This occurs by entering into a transparent financial planning agreement that outlines the scope of services, timeline, process, and costs associated with planning. To learn more, please check out our planning timeline under ‘How we do it.’
Investment Management
Eagle Strategies LLC, is a Registered Investment Adviser and an indirect, wholly-owned subsidiary of New York Life, is a provider of holistic investment advisory and financial planning services. We leverage Eagle's sophisticated wealth management platform, comprised of many of today's leading investment managers, to design customized investment solutions to help address our clients' unique investment objectives and risk tolerance levels. Our firm's breadth and investment knowledge, coupled with Eagle's diverse team of investment experts, allows us to provide the continuous financial guidance needed to help our clients achieve long-term financial success
Fund Advisory Program
Separately Managed Accounts
Rep Directed Program
Fund Advisory Program
This program combines the expertise of professional third party investment managers with the personalized service and guidance of the Financial Advisor. By analyzing your overall investment goals, risk tolerance levels, and liquidity needs, we’ll help you determine which investment portfolio allocation, consisting of an optimal blend of nonproprietary mutual funds and/or exchange-traded funds (ETFs) is most appropriate for your investment goals and specific situation.
Separately Managed Accounts
Separately Managed Accounts (“SMAs”) are a type of professionally managed investment account that invest in individual securities on a discretionary basis and provide clients with the flexibility of restricting the holding of certain securities and tactically utilizing gains and losses for tax planning purposes. We will leverage Eagle’s robust offering of nonproprietary SMA strategies available through third-party money managers to either custom design a holistic investment portfolio or utilize individual strategies to address your specific allocation needs.
Rep Directed Program
This is an investment advisory program through which we will construct a customized portfolio of individual mutual funds, exchange traded funds (ETFs), and in some cases, individual securities, using the strategic asset allocation framework developed by Eagle Strategies and a leading institutional asset manager, or simply by us for you to review and approve. We’ll seek to utilize an optimal blend of asset classes that helps maximize long-term returns, manage overall portfolio volatility and achieve investment objectives while remaining aligned with your risk profile.
Personal Solutions
THE PATH Financial Strategies recognizes that successful financial planning begins with understanding your individual goals, as well as those of your family. We strive to develop an honest, open relationship so we can recommend customized solutions related to:
Retirement / Estate Planning
Pension Maximization
Short Term Monetary Goals
Long Term Monetary Goals
Asset Allocation
Risk Tolerance
Disability Planning
Retirement / Estate Planning
Some think estate planning doesn’t apply to them, but if you own a home or have any possessions of worth, you have an "estate" – and, the sooner you start planning, the better. One day you may want to retire, work on your golf game, garden, vacation with grandchildren, or relax with family and friends. But you’ll want assurance that you and your loved ones are well provided for in the future.
Reaching that goal doesn’t just happen; it results from decisions you make today, like retirement planning and estate planning. These processes map out strategies that help create financial options and help provide financial security for you and for your family. Fortunately, there are more retirement and estate planning choices available today than ever before. Contact THE PATH Financial Strategies to customize and launch your plans.
Pension Maximization
You face a tough dilemma if you're eligible for pension at retirement. It could cost you and your spouse thousands of dollars if not properly planned. "Pension dilemma" can include severe trade-offs: deciding whether to take your full pension benefit and expose your spouse to a loss of benefits at your death, or taking less than your maximum benefit in exchange for continuing benefits for your spouse after you die. Fortunately, for many couples, there is another alternative: pension maximization. This insurance option enables you to take your full pension benefits at retirement and use some of the pension proceeds to purchase a life insurance policy to replace the lost benefits for your spouse if you die first. Want to hear more?
Short Term Monetary Goals
Ask yourself: How would sufficient funds for things you want affect your peace of mind? Do you have funds readily available for major home repairs? Do you dream about having money set aside for holidays and vacations?
Many revert to using credit, but with proper planning and structure, you can prepare for these financial expenditures and more. It starts with identifying your goals and then creating a structured plan to allocate funds toward fulfillment of those goals. THE PATH Financial Strategies can help; please contact us.
Long Term Monetary Goals
Just as you have short-term plans, you probably have goals extending 5 or 10 years into the future – or perhaps longer. Is your dream a vacation home on the water, a private education for your children or launching your own business? Are you financially prepared for your children’s college education? Disciplined planning and execution can increase your chances for reaching your goals. We sit down with you, ask questions, and most importantly, we listen. Then together we prudently plan ways to help you achieve your future objectives.
Asset Allocation
An essential element of financial planning is creating asset allocation based on your goals and ability to tolerate risk. The best performing asset may vary from time to time, so a mixture of assets and periodic rebalancing of your portfolio will more likely help you reach your short-term and long-term goals.
Typically, an asset mix can include liquid savings, certificates of deposit, mutual funds, annuities, and cash value life insurance, just to name a few. No one should recommend that mix without taking time to understand you and your goals. At THE PATH Financial Strategies, we get to know our clients, their families, and their goals – and then plan accordingly. With us, every client merits an individualized plan, and every relationship is personal.
Risk Tolerance
Know thyself. An open, honest perspective of your tolerance for risk should be one of the first steps in your financial plan. So why compromise with a cookie-cutter or one-size-fits-all approach to planning?
THE PATH Financial Strategies assesses your tolerance for risk during our initial conversations. We look at return versus risk based on your goals and timeframes. Taking chances that keep you up at night are not worth it. You should be comfortable with your choices and live comfortably with them.
Disability Planning
No one likes to think about getting hurt, having to miss work, or worse, changing a lifestyle due to a severe injury. Disability planning is often neglected, but without disability insurance you expose yourself, your family, and perhaps your business to financial risk. All the retirement planning, automatic savings, and best asset allocations, funds, and returns will count for little if you have to invade your retirement savings due to a disability before you actually retire.
Plan for what could happen. THE PATH Financial Strategies can help you incorporate disability insurance as part of your overall planning solution.
Business Solutions
Here at THE PATH Financial, we offer a wide array of services to help business owners address their financial needs at every stage of the business life cycle. Taking into account their personal values and financial goals, we create and execute customized strategies to help entrepreneurs meet their objectives. Some of our key services are detailed below.
Executive Benefits
Succession Planning
Key Person Insurance
Funding Buy-Sell Agreements
Funding Deferred Compensation
Executive Benefits
The success of most businesses is tied in to the talent, passion, and work ethics of their key executives. Executive benefit packages can help you attract, motivate, and retain high-caliber employees and keep your company healthy and stable. We can help you with funding non-qualified plans, supplemental employee retirement plans, split dollar plans, and more.
Succession Planning
Succession planning allows owners to retire from their business within their own time frame, while preparing for the company to be transferred to family members, key employees, an outside party, or even a charity. This must be done in a way that achieves personal financial security, maintains harmony, and achieves maximum value for the business. We can provide financial strategies for succession planning.
Key Person Insurance
Key person life insurance offers a death benefit that helps indemnify an employer for the loss of one of its most important assets—the key person. This can help assure continuity of the business for employees, customers, and creditors, and protects against losses in sales, momentum, and credit. It can also be used to assist with recruiting and developing a replacement for the employee.
Funding Buy-Sell Agreements
A buy-sell agreement is a legally binding agreement between co-owners of a business that governs the situation if a co-owner dies or leaves the business, whether by force or by choice. A funded cross-purchase buy-sell plan utilizes life insurance to help ensure that the arrangement is properly funded so that there will be money if the event occurs.
Funding Deferred Compensation
Deferred compensation is a written agreement between an employer and an employee in which the employee chooses to have part of his or her compensation withheld by the company, invested on their behalf, and distributed to them at a predetermined point in the future. Deferred compensation can be used as a flexible way to attract and incentivize key employees. We provide funding strategies for deferred compensation.
