Financial Planning Services
Tennessee Wealth Management offers independent, customized, financial planning services that develop efficient strategies for achieving financial goals through the sustained management of both assets and liabilities. This service will enable you to feel empowered and in control of your total financial picture while being confident that every penny you earn is moving you closer to your financial goals.
- Initially we work with clients to determine their financial goals and needs. The areas we look may include asset allocation, retirement planning, children’s education, emergency funds, disability insurance, life insurance, long-term care insurance, charitable giving, supplemental income, estate planning and any other financial goals a client may have. We would also help you articulate your needs in relation to credit card debt, mortgages, HELOC’s, business lines, automotive debt and any other outstanding liabilities. This information will be the foundation upon which your Financial Plan will be built.
- We then honestly and respectfully show you where you currently stand in relation to your stated objectives. This may confirm your suspicions that you are not quite where you need to be or may provide added confidence that you are in good shape and right on track.
- We then undertake an analysis of the current financial strategy to determine if it is the optimal plan to achieve the stated goals.
- We begin this analysis by scrutinizing the current investment plan by studying the asset allocation and exploring the associated returns, risk and volatility of the client’s assets against the stated goals and needs. We also look at the execution costs of the current plan to see how they may be reduced.
- We then dissect the liabilities side of the client’s balance sheet with an examination of credit card debt, mortgages, HELOC’s, business lines, automotive debt and any other outstanding liabilities.
- We then give an objective opinion on what, if any, action needs to be taken in order to reach the stated goals in an optimal way.