Assisting and reviewing the drafting of proper legal documents as needed.
We work with, or if necessary, recommend a local attorney to ensure your needed and appropriate legal documents are updated and complete. Due to our comprehensive service, we retain copies in your file for periodic reviews or updates.
Reviewing your income tax returns each year to provide ongoing counsel.
Our firm will annually review your tax return to monitor tax efficiency, ensure appropriate deductions and assist with future tax strategies. The Life Group can also prepare tax returns while recommending ways to reduce your taxes.
Assisting with family financial structure and retirement income planning.
Our firm will assist in cash-flow and/or retirement income analysis to aid in daily and long term financial planning.
Overseeing your various investments, making adjustments as needed.
Our firm will provide reports and market updates on a regular basis. This provides guidance to the agreed upon plan and aids the review of that plan progress.
Reviewing your employer sponsored retirement plans annually.
Our firm will provide counsel on asset allocations and fund selections within your work sponsored plan. These investments should dovetail not overlap other personal holdings.
Providing perspective or making adjustments related to your various insurance coverages.
Our firm will provide guidance and can implement life, health, and long-term care (LTC) insurance.
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Who would benefit from using The Life Financial Group?
- Those who believe it is important to work with a team of planners who share a mutual biblical world view
- Those who desire to actively discuss their goals, values and financial intentions
- Those who want to use a trusted professional to help them understand, execute and implement crucial financial decisions
- Those who recognize the value of an advisory firm which coordinates with other advisors (accountants, attorneys, etc.) to help create a comprehensive strategy for successful stewardship
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We are FEE based Financial Advisors. Our initial advisory fee is $350. This includes counsel on lowering your taxes, building your investments, protecting your retirement and planning your estate while disinheriting your favorite Uncle Sam. We earn a fee on managed assets ranging from 1.5 to .75
*We waive our initial advisory fee for individuals or couples who are both in full-time vocational ministry.
If you are interested in having us work as your family financial advisor please complete the "Legacy Data Sheet" .
You may complete it on-line and print it out. Then simply Fax or Mail it back to us. We work with individuals from Hawaii and California to Florida and New England. We will call you to go over ways we can assist you and to answer any questions. If we feel that we can be of help and assist you as a client only then will we bill you.
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Question?
What does a Certified Financial Planner do?
Answer:
A CFP works hard to evaluate a person’s legal documents (e.g. wills and trusts), their tax returns, liquidity (cash in bank), investments, retirement plans, debt and insurance policies.
Each of these need to complement the other. Often individuals have a disjointed collection of assets with no consideration for taxes, inflation and market risk, probate or death taxes. Where necessary we will reposition assets to help reduce risk, lower taxes and increase the opportunity for growth.
We use several law firms to prepare Christian Wills, Power-of-Attorneys, Trusts and Living Wills. Through proper planning we can often save thousands of dollars in taxes both now and later when the Lord calls you home.
The job of a Certified Financial Planner is to be a counselor not a salesman. Most of our client meetings take place at our Douglassville offices or in churches around the country.
ROY L. RUSSELL has worked as a financial advisor since 1978. He and his staff have assisted hundreds of clients in all phases of financial, estate and tax planning.
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OUR PHILOSOPHY OF INVESTING:
These 6 Convictions make a difference!
1.We prefer using Lower Risk investments!
Your first consideration should always be the level of risk you are willing to assume. We suggest that all investments, regardless of your age, should be lower risk. Your first consideration should always be preservation of capital and minimizing risk through proper asset allocation
2.Look for track records of longer than ten years.
All investment managers should have ample hands-on experience. Also consider the investment company and their operating expenses and customer service record.
3.Where possible we avoid investments that are morally offensive.
We believe that it is important to invest in funds that are morally clean while providing a excellent growth opportunities. We suggest that you consider the moral and ethical considerations of investing. To the best of our ability we stay out of alcohol, tobacco, pornography, and casinos.
4.Keep your investing easy to understand.
It is necessary to have a basic understanding of how your money is invested. If you do not understand it you shouldn't be in it. However, you have the responsibility to learn and be a wise steward according to Proverbs 1:5. Investing does not need to be complicated.
5.We don't like redemption fees.
Surprises are not welcomed but too often a fact of life. The last thing people want are stiff penalties when they access their money. There are several ways to `hide' sales costs. Watch out for stiff redemption penalties and high annual expenses. Insist on full disclosure and avoid accounts that hide commission costs or charge large annual fees or surrender penalties.
6.Think, "Prove it to me!"
Most importantly when evaluating an investment never limit yourself to the literature produced by the selling company. Independent research reports and objective literature is a better way to judge the merits of an investment. Always use third party independent and unbiased research reports when researching an investment.
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