We believe wealth management involves a variety of strategies that are most effective when tailored to a client’s individual needs, goals and aspirations. With this in mind, in addition to our services, we can also refer other professionals — CPAs, Attorneys, Actuaries, Pension Strategists, Risk Transfer Consultants, Family Business Psychologists and other advisers — who work closely with clients to build a customized financial plan designed to help them meet their goals in a tax efficient manner.
Great Financial Planning Begins With Fully Integrated Wealth Management Services
At Castle Financial, we seek first to understand our client’s objectives and then to develop a plan to help them achieve their financial and lifetime goals. We will conduct an in-depth review and analysis of each client’s situation, and then apply the collective knowledge of our financial planning team who can understand the multiple financial issues unique to each client.
Investment Manager Selection, Portfolio Construction and Due Diligence
We build our clients portfolios with leading money managers from some of the oldest and most prestigious money management institutions in the world and also cutting edge strategists. We take a conservative approach to investing, with an eye towards higher returns with minimum risk. Our manager selection process is designed to pinpoint outstanding investment management talent, which we do by first screening the firms with which we work and then later through regular meetings and on-site visits. We measure our success based on our ability to achieve the returns that our clients seek rather than by how the general market indices fare.
The market crisis of 2007 and 2008 shattered many investors’ notions of the efficiency and stability of markets. It also shattered a lot of investors’ confidence in asset allocation schemes. Many people and their advisers thought they were following sound strategies, only to have severely adverse results. This is neither the first nor the last time that a market dislocation will occur, which is why it’s so important for investors to follow a sound “tactical” asset allocation strategy to help reduce risk, improve performance and achieve their long term financial goals. The term tactical means periodically reallocating money into different asset classes as the markets change direction (moving money amongst different stocks, bonds, cash, gold, natural resources, etc.). At Castle Financial, we employ a tactical strategy with the leading money mangers in the world utilizing professionally managed mutual funds and exchange traded funds (ETFs) for a cost effective, conservative approach to managing our valued clients’ money.
Investment Policy Statement
As part of our commitment to our clients, we work to help them develop an investment philosophy that best encapsulates what they are looking to achieve financially. A thoughtful investment policy statement is the cornerstone of a comprehensive wealth management plan. A well-crafted statement defines investment objectives, risk criteria, manager selection procedures, measurement standards, monitoring procedures and asset allocation guidelines. The investment policy statement that we help our clients build addresses their specific situation and risk tolerances. From there, we create a portfolio of investment managers that fits each client’s investment objectives.
Client Services and Reporting Updates
At Castle, we treat our clients with the utmost respect and constantly strive to exceed their expectations. For the benefit of existing clients, we limit new accounts to individuals whom are an excellent fit with our firm. We realize that providing high quality client service is more important than bringing in a volume of new clients at any level of business.
Securities offered through TD Ameritrade Institutional, Division of TD Ameritrade, Inc. Member FINRA/SIPC/NFA. Castle Financial and TD Ameritrade Institutional are separate entities. TD Ameritrade, Inc., is a member of the Securities Investor Protection Corporation (SIPC®). Securities in client accounts protected up to $500,000 through SIPC and TD Ameritrade also provides each client $149.5 million worth of protection for securities and $2 million of protection for cash through supplemental coverage provided by London insurers. For details, please visit sipc.org. In the event of a brokerage insolvency, a client may receive amounts due from the trustee in bankruptcy and then SIPC. Supplemental coverage is paid out after the trustee and SIPC payouts and under such coverage each client is limited to a combined return of $152 million from a trustee, SIPC, and London insurers. This policy provides coverage following brokerage insolvency and does not protect against loss in market value of the securities. Castle Financial only transacts business in states where it is properly registered, or excluded or exempted from registration requirements.
Our Financial Planning Services Include:
- Financial Planning
- Retirement Planning
- Portfolio Evaluation, Design and Management
- Review to Potentially Increase Rates of Return on Your Money and Investments
- Estate Planning / Protecting and Preserving Your Estate
- Income Tax Planning / Reducing Your Income Taxes
- College Expense Planning
- Family Elder Law Planning
- Stock Option Analysis
- Business Continuity Planning
- Wealth Risk Exposure Review / Asset Protection
- Charitable Gift Planning
- Comprehensive Insurance Review
- Pension Plan Design and Management
- Business Succession Planning
- Tax Efficient Wealth Distribution / Legacy Planning