A successful financial planning experience is more than exceptional returns. It includes offering peace of mind in knowing that you're not going through the financial journey alone.
A strong financial plan serves as a vital guide, facilitating prudent decision-making, navigating both expected and unexpected milestones, and evaluating alignment with your life's journey. We are committed to aiding you in clarifying your vision and goals, collaborating to actively pursue them.
Our approach begins with an impartial and comprehensive assessment of your financial landscape. Similar to an annual checkup with a physician, we will carefully diagnose your situation before recommending a course of action. Through the analysis and prioritization of elements in your financial scenario that require attention, together we will formulate an optimal planning course of action. This systematic process allows us to gauge the effectiveness of your existing financial strategies and tools, promoting a closer alignment of your choices and assets with your overarching objectives.
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Without a thoughtfully crafted financial plan, sustaining one's lifestyle and confidently spending hard-earned accumulations can prove challenging. By creating a retirement plan, you can gain the confidence if you are on track to live the retirement that you dreamed of.
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Without suitable insurance coverage, you may not adequately safeguard the people and possessions that hold significance for you. Maintaining an appropriate level of insurance ensures protection when facing challenges on the path to your envisioned future.
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The timing of cash flows is important in both business and personal life. Insufficient liquidity when needed can result in missed opportunities, such as not purchasing your dream home or forgoing the purchase of a desired asset for your business. Conversely, if liquidity is not required, maintaining excess cash may not earn as much as it could for you.
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Debt has the potential to impede your progress toward long-term goals. While it can serve as a prudent financial tool, improper management of debt may lead to considerable financial stress. A well-devised plan allows you to determine affordable debt levels, utilize debt tax-efficiently, and ensure that terms and rates align appropriately with your financial situation.
Efficiently managing one's balance sheet is a vital tool for individuals, families, and businesses. Given the diversity in everyone's financial situation, the approach managing ones balance sheet (allocating income, making asset purchases, and utilizing debt, etc) varies depending on one’s financial goals, risk tolerance and time horizon.
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In the absence of an estate plan, your family may incur unnecessary tax and legal expenses, all while your estate may become a matter of public record. A proper estate plan ensures that your assets are distributed in alignment with your values, safeguards your heirs, minimizes or eliminates estate taxes, reduces family conflicts, and simplifies the administration of the estate for your family.
If supporting your children or grandchildren receive a higher education is a priority, it's essential to make use of available education planning strategies. An education plan allows you to evaluate future costs and decide on the most tax-efficient means to fund this expense.
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Maximizing your tax efficiency is a crucial component of a carefully crafted financial plan. It entails actively seeking strategies to reduce both current and future tax obligations, ensuring you only pay the minimum necessary amount of taxes.
The second part of wealth management is investments. To help achieve the goals created within your financial plan, we implement thoughtful investment strategies that take into account the unique aspects of your situation. Our definition of a successful investment experience goes beyond exceptional returns; it provides peace of mind and confidence knowing there's someone with you every step of the way.
Our investment portfolios are underpinned by decades of investment research that have been applied in the “real world”, not just academic papers and back tests. Portfolios are customized for your specific situation through thoughtful risk mitigation and strategic diversification.
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Optimize the portfolio to achieve a comfortable investment experience based on your long term retirement / investment goals.
Target a positive return in various economic environments by focusing on higher income investments and holdings with low correlation to traditional portfolios.
Non-traditional investments targeting diversification benefits and higher income such as private lending, distressed debt, real assets, managed futures, diversified arbitrage and reinsurance.
Protect the value you’ve worked to accumulate.
Maximize current yield on cash held personally or in your business.
Matching investment maturity to when it is targeted to be used.
Review current investment accounts, risk-level, and fees (hidden and explicit)
Discuss personal investment “pain-points”, preferences and overall objectives
Draft personalized investment recommendations
Coordinate asset transfer
Formulate tax-efficient implementation gameplan
Agree on investment strategy
Execute Investment Policy Statement
Proactively monitor and manage the portfolio
Systematically rebalance the portfolio
Limit fees & taxes where possible
Review any questions/concerns you may have
Reconfirm alignment with financial plan
Implement updates to the portfolio
Schedule a call with Pomona Wealth Management to see if we're the right fit for your situation
Schedule a CallMany advisors in the industry just focus on money management. While this is an important aspect, we believe this is only a piece of what is important when it comes to comprehensive wealth management. Just like an annual health check-up, your financial “house” consists of multiple independent parts working together - such as investment management, cash flow planning, retirement planning, estate planning and tax management.
Whether we’re providing advice on one, or all of these aspects, we will work together on executing and implementing the agreed upon plan to ensure we’re able to measure progress and achieve your goals in a prudent, accountable fashion.
Based in Tri-Cities, WA - serving Eastern Washington and the greater Pacific Northwest
Schedule a Call with Pomona
Pomona Wealth Management is a registered investment advisor. All content is for informational purposes only and does not constitute investment advice or an offer to buy or sell securities. All investments include the risk of loss. Past performance is not indicative of future results. Pomona Wealth Management does not provide tax or legal advice. Consult with a qualified professional prior to making investment decisions.
