How We Help You

The Financial Planning Process

What is Tricord Wealth Advisors' financial planning process? The financial planning process is designed to help you bring order and reason to your financial affairs. By employing a disciplined and comprehensive process, we can integrate your financial decisions within your broader life goals and increase the probability of achieving them. Our six-step process helps to bring clarity and reason to clients' financial lives and help them to know where they're going.




Retirement Income & Transition Planning for Baby Boomers

We work with baby boomers in transition in order to help them gain clarity and confidence around their finances as they go through these changes. Working with a trusted financial partner is one of the most important decisions you can make for your financial future. Whatever you hope to achieve, our mission is to simplify your financial life so you can focus on what matters most to you. We offer a complimentary consultation to have a more in-depth conversation regarding your current financial situation, your plans, and to get a better idea of where you're headed.



Tax Planning

We live in the best country on earth. We need to pay our taxes, but at the same time we should not pay any more than is required. When we pay excessive taxes, we lose the opportunity to spend those funds on something or someone more important. So, we need to be smart in our tax strategies, and business owners have the most opportunities to save tax dollars and to provide benefits and services that are tax deductible for them and for their employees. But it takes planning ahead of time—not at year's end. We estimate that 90 percent of people are overpaying their taxes because they do not take advantage of all the opportunities available to them. If you are a business owner and you are paying too much in taxes, it is hurting your business, employees and family in ways you are unaware. Tricord Wealth Advisors are here to help you render to Caesar only what is Caesar's.



Estate Analysis & Planning

There are many issues we have to deal with when it comes to estate planning. Although the first thing we often think of is avoiding excessive federal taxes for a very large estate, this is just the tip of the iceberg. There are more issues, such as state taxes, probate costs, and potential family quarrels if we don't plan ahead of time. Ironically, it is often the “soft” issues that ultimately become the hardest when gone neglected.


Executive Compensation

Our business owner clients know the value of their people—especially those key individuals whose work plays a vital role in the success of their organizations. Finding those quality people is challenging enough—keeping them often more so. The business must take steps to reward and retain those key people. Indeed, a 401k program is a useful tool, as well as taking steps to educate and motivate the  employees to participate. Often, it is in this area of education and communication that many companies drop the ball.

Businesses can also put together selective programs that reward and retain those people whose contributions to the organization are most significant. These include supplement retirement programs that provide the incentives for people to stick around and help build stability in the organization's leadership and direction.



At Tricord Wealth Advisors, we believe that everything we have is a gift. This means being good stewards with what we have received, and that includes our finances. Of our clients, those who are good stewards and understand this principle always have their finances in shape.

Through legacy and gift planning, we help clients help themselves, their families and their communities all at the same time. By using advanced charitable planning vehicles, you can give more to your family, more to charity, and less to taxes.


Business Continuity and Succession Planning

It's estimated that 80 percent of small-medium sized, privately held businesses will not survive to the next generation. Unfortunately this is a type of planning that too many business owners put off, until it's too late. It can be a difficult process, but it is better to address it sooner rather than later. As John F. Kennedy pointed out, if it is painful making decisions in working through things, it is less painful than the alternative of doing nothing.

Tricord Wealth Advisors can work with you in valuation and strategic planning, estate issues, and making sure that the right elements and people are in place so that when the time comes to turn the corner, the business will be there for generations to come.