Individuals / Families
Working with a family, whether comprised of a single individual or several generations, requires multiple areas of expertise. Unlike many independent firms that usually specialize in just investing or financial planning, KCS Wealth Advisory has top-level planning and investment management specialists who work together with our clients, ensuring that both crucial elements of wealth management are fully coordinated.
Working with individuals and families means learning about you and your loved ones as people: your hopes, dreams, goals and aspirations. We work with you to develop and implement a plan that provides the financial resources to meet your achievable goals. As independent firm, we are free to recommend those investments and financial tools that are appropriate for your specific situation, and aren’t beholden to a parent company’s favorite financial products.
Use the links below to learn, in detail, how we create financial plans for our clients and invest their assets within the context of that plan:
Business Owners / Professionals
Running a business is a constant challenge. Oftentimes, business owners must not only run the company's core operations, but they also need to manage other facets of the business such as its finances.
Having worked with many business owners, we have found that we add value by increasing the financial efficiency of your life. This entails integrating your personal financial goals--established in the financial planning stage--with your business planning. For many closely-held businesses or self-employed individuals, your personal and business finances might even be reported on the same tax return. This makes it crucial that you have a financial advisor who understands how to properly manage your assets and cash flows. You also want a financial advisor who collaborates with your legal, tax and estate professionals to ensure that all your needs are being met.
One component of business planning is setting up and administering your company's pension plan(s). We work with directly with pension plan sponsors and participants to help determine the most appropriate plan(s) for your business. In most cases, such as in a traditional 401(k) plan, the business owner sponsors the plan and also participates in it. We work with you to make sure your company's plan helps your employees prepare for retirement, while maximizing benefits to you as both sponsor and participant.
We understand the time and energy it takes to run a business. We pride ourselves on working hand-in-hand with your other trusted advisors to make your financial life run as smoothly as possible.
Pension Plan Sponsors & Participants
At KCS Wealth Advisory, we work with both pension plan sponsors and plan participants (employees).
A pension plan sponsor is typically an employer that sets up a retirement plan, such as a 401(k), for the benefit of the organization’s employees. We work with business owners, managers and third-party administrators to set up retirement plans for companies of all sizes. We also work directly with your plan participants, helping them to understand their investment options and select those most likely to assist them in reaching their long-term goals.
KCS works with business owners, executives and self-employed individuals, many of whom are looking to invest as much as possible toward retirement and/or reduce their tax burden. Often, both of these goals may be achieved through setting up the right kind of pension plan.
In addition, KCS works with independent third-party administrators and custodians to design and manage corporate pension plans. By separating investment management from trusteeship, custody, and administration, KCS enables our clients’ plans to follow fiduciary best practices, which should help to reduce employer liability. KCS can also provide managed accounts for your employees who prefer to have their retirement investments professionally managed.
We provide a range of services for the following types of corporate pension plans:
- SEP-IRA / Individual 401(k)
- Cash balance
We work with foundations, public charities and religious organizations to help them accomplish their financial goals. We have the capability to manage an endowment fund and help set up a 403(b) or other retirement plan for employees of non-profit organizations.
In addition, we work with the following types of planned giving vehicles:
- Charitable Gift Annuities (CGA)
- Testamentary Gifts (Bequests)
- Donor-Advised Funds
- Gifts of life insurance, IRA's, etc.
- Charitable Remainder Trusts (CRT)
- Charitable Lead Trusts (CLT)
Trusts & Estates
Like endowments and pension plans, irrevocable trusts are fiduciary accounts: the trustee who controls the trust has a fiduciary duty to the trust’s beneficiaries to act in their best interest. This means that irrevocable trusts—including testamentary trusts, special needs trusts and charitable trusts, among others—must be managed solely for the beneficiaries. To further minimize conflicts of interest, the trustee, custodian, investment manager, broker and administrator should, as much as possible, be separate entities.
At KCS, we work with your estate attorney to help you manage your trust effectively to best meet your goals. We work with many types of trusts, both revocable and irrevocable, including living trusts, testamentary trusts, charitable trusts, UTMAs and 529 plans.