To many, the term “wealth planning” simply means their asset allocation or other concepts related to their investment portfolio. Some may include taxes or their estate plan. However, many other areas of your financial life should be addressed in order to build a durable financial plan that will both protect you and help you to achieve your goals over time.

Wealth Planning recommendations are highly customized to each individual situation, but some common areas of focus might include:

• Creating a Statement of Net Worth

• Detailed Budget Analysis

• Short, Medium, and Long Term Cash Flow Analysis combined with Scenario Planning

• Detailed Analysis and Recommendation around Stock Compensation

• Education Planning and Gifting to Children

• Planning for Large Purchases

• Creating Flexible Plans to Account for Significant Life Events

• Retirement Planning

• Employment Changes and Compensation Evaluation

• Emergency Fund

• Debt Structure and Analysis

• Philanthropic Goals

At Parallel, we believe in the value that extensive financial planning provides over the long term. Each of these topics are important on its own, but understanding how they all interact with one another, and with your portfolio, taxes, and estate plan will have a meaningful impact on your long term success.

Our team of Advisors leads with planning to ensure that every aspect of your financial life is addressed. The firm also has a talented Wealth Planning team to help deliver sophisticated planning advice to our client base.