Investment + Wealth Management
Allegra Financial is a resource for objective and independent investment advice. As independent investment advisors, we can choose from a broad selection of investment managers with various styles, from traditional stocks and bonds to those that manage alternative investments. Our network of sources are highly qualified and experienced in handling the opportunities and obstacles presented to the affluent.
Think of us as the captain of your team. We execute the call, supervise and make the appropriate adjustments to help you reach your goals. Our research and market analysis enable us to select a mix of money managers to encompass many classes and styles. We employ our due diligence to wisely select money managers that understand and support your individual asset allocation strategy while keeping within your comfort level of investment risk.
We feel that active asset allocation is the best strategy to achieve superior performance while reducing volatility. In an effort to adapt to the dynamic state of the market, we continually monitor each manager to ensure that the diversification of your portfolio is supported with the most qualified professionals available.
Our relationship with our clients is the core of our business. It is important to us that you understand your options and the implications of decisions that are made to your asset allocation plan. We believe that keeping you involved in your account contributes to your success. For this reason we meet with each client at least quarterly to review statements, portfolio performance, financial markets and manager commentaries.
Allegra Financial's investment approach rests on the foundation that diversifying among asset classes assists in reducing risk and helps individuals realize their financial objectives.
We begin by developing an asset allocation plan that balances a client's overall financial objectives with individual attributes including risk tolerance, income requirements, liquidity requirements and time horizon.
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*All Investing involves risk including the potential loss of principal. No investment strategy such as asset allocation or diversification can guarantee a profit or protect against loss in periods of declining values. Past performance is no guarantee of future results. Please note that individual situations can vary.
*Fixed income investments are subject to various risks including changes in interest rates, credit quality, inflation risk, market valuations, prepayments, corporate events, tax ramifications and other factors. Securities sold or redeemed prior to maturity may be subject to a substantial gain or loss. In general, the bond market is volatile as prices rise when interest rates fall and vice versa.
*There can be no assurance that alternative investments will be profitable and will even outperform asset classes correlated to the stock and bond markets. These strategies are not suitable for all investors and may be offered only to clients who meet specific suitability requirements, including minimum net worth tests. Investors should consider the special risks with alternative investments including limited liquidity, tax considerations, incentive fee structures, potentially speculative investment strategies, and different regulatory and reporting requirements.
financial planning process
The Financial Planning Process consists of the following six steps:
1. Establishing and defining the client-planner relationship.
We will explain or document the services to be provided to you and define both of our responsibilities. We will explain fully how we will be paid. You and the planner should agree on how long the professional relationship should last and on how decisions will be made.
2. Gathering client data, including goals.
We will ask for information about your financial situation. We will mutually define your personal and financial goals, understand your time frame for results and discuss, if relevant, how you feel about risk. We will gather all the necessary documents before giving you the advice you need.
3. Analyzing and evaluating your financial status.
We will analyze your information to assess your current situation and determine what you must do to meet your goals. Depending on what services you have asked for, this could include analyzing your assets, liabilities and cash flow, current insurance coverage, investments or tax strategies.
4. Developing and presenting financial planning recommendations and/or alternatives.
We will offer financial planning recommendations that address your goals, based on the information you provide. We will go over the recommendations with you to help you understand them so that you can make informed decisions. We will also listen to your concerns and revise the recommendations as appropriate.
5. Implementing the financial planning recommendations.
You should agree on how the recommendations will be carried out. We may carry out the recommendations or serve as your "coach," coordinating the whole process with you and other professionals such as attorneys and Insurance agents.
6. Monitoring the financial planning recommendations.
We will report to you periodically to review your situation and adjust the recommendations, if needed, as your life changes
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*All Investing involves risk including the potential loss of principal. No investment strategy such as asset allocation or diversification can guarantee a profit or protect against loss in periods of declining values. Past performance is no guarantee of future results. Please note that individual situations can vary.
*Fixed income investments are subject to various risks including changes in interest rates, credit quality, inflation risk, market valuations, prepayments, corporate events, tax ramifications and other factors. Securities sold or redeemed prior to maturity may be subject to a substantial gain or loss. In general, the bond market is volatile as prices rise when interest rates fall and vice versa.
*There can be no assurance that alternative investments will be profitable and will even outperform asset classes correlated to the stock and bond markets. These strategies are not suitable for all investors and may be offered only to clients who meet specific suitability requirements, including minimum net worth tests. Investors should consider the special risks with alternative investments including limited liquidity, tax considerations, incentive fee structures, potentially speculative investment strategies, and different regulatory and reporting requirements.
tax preparation and planning
Tax Planning
At Allegra Financial we know that proactive and diligent tax planning is critical to reducing your tax liabilities. When you work with us we make tax planning part of your overall financial strategy and not just something we do at year-end.
You can be confident that our firm is on top of any current developments pertaining to the ever-changing tax laws. We watch emerging tax developments by reviewing proposed legislation and regulations, new laws, and IRS rulings. We communicate with you about how these changes might affect your business matters and overall tax liabilities. Our advice is always up-to-date. We offer practical, proactive, and innovative solutions to tax planning that put your business or personal needs first. We provide our individual and business clients with the tax expertise and knowledge they deserve year round.
We consult with you on the best plans and strategies for operating in an efficient and advantageous tax manner. We understand the tax implications of proposed transactions and can help you evaluate the most tax efficient methods for managing these transactions.
Additionally, there are several basic tax-cutting strategies that we will consider for your individual and business planning needs, such as:
•Splitting income among several family members or legal entities.
•Shifting income from one year to another in order to have it fall where it will be taxed at a lower rate.
•Shifting deductions from one year to place them where the tax benefit will be greater.
•Deferring liability through certain investment choices and through pension plan contributions.
•Helping you choose the correct business entity that will achieve the best overall savings for both income and FICA taxes.
•Growing and preserving your assets by keeping Uncle Sam out of your pockets.
We encourage you to consult frequently with us during the year so that we may at all times be kept current with your financial matters and estimate potential tax liabilities of your transactions. This will enable us to proactively strategize for purposes of minimizing your overall tax liabilities. Many clients also prefer periodic income tax and financial meetings that may be quarterly, semi-annually, or annually. The nature and frequency of such tax planning meetings is uniquely tailored to the nature and complexity of the particular client.
Tax Preparation
Because tax regulations change constantly, filing tax reports can be complex. So we help our clients by providing tax preparation services and prepare individual, business, and organizational federal and state returns, based on our interpretation of the current government tax laws, regulations, rulings, and judicial precedents. We ensure that you file these reports in a timely manner in order to avoid costly penalty and interest charges from missed deadlines or unknown filing requirements. With constantly changing tax legislation, we regularly evaluate the best methods to minimize your tax liability. We want to make sure that you take advantage of the tax incentives that apply to your specific situation.
Please be aware that we file tax returns in all 50 states and Canada. We also provide E-Filing. Furthermore, we also prepare all required city income tax, franchise tax, sales tax, business license tax, and payroll tax returns for individuals, corporations, partnerships, and limited liability companies.
Along with our tax preparation services, we provide consulting and advisory services to answer your questions throughout the year. We will also put you on our mailing list to receive timely tax, business, and financial advice.
*This information is not intended to be a substitute for specific individualized tax advice as individual situations will vary. Tax services are not provided by Cambridge Investment Research, Inc.
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