Just like moving your player from the batter’s box, around the bases and back to home plate requires training and a plan – achieving your financial goals necessitates training and a plan.
At Midwestern Financial Group we believe it is in YOUR best interest to have choices and alternatives. As an independent Advisor we have access to most of the major investment and insurance companies. If a need is uncovered, all available options in the marketplace are considered. We have created proprietary disciplines that provide guidelines for when we buy, what we buy, and when we sell, with the aim of limiting downside risk and providing satisfying returns over a market cycle.
How We Train and Plan for YOUR Financial Success:
- Determine your objectives.
- Analyze your current position.
- Identify your optimal asset mix.
- Help you create an intentional plan - both long-term (strategic) and short-term (tactical). Includes careful review to reduce tax implications/impact.
- Build a results-focused portfolio of individual investments (Stocks, Bonds, Mutual Funds, ETFs, Alternative Investments, etc.)
- Advise you on pension and benefit decisions - This includes reviewing and offering advice on your employee benefit options; pre-planning your optimal retirement date; then walking with you through retirement.
- Implement the plan.
- Manage and monitor the portfolio: Removing the Emotions that lead to poor decision making.
- Measure performance: Assets under our care are constantly tracked, and measured against industry-recognized performance benchmarks.
- Manage risk.
- Review, report, recommend changes and revisions to the strategy to meet your changing circumstances.
Investment Coaching & Education
The definitions for Coach and Advisor are intricately intertwined. A Coach gives instruction or advice; they mentor, train and teach. An Advisor is a person who recommends or teaches; they are a guide, counselor, confidant, expert, helper, friend. An individual that educates (teaches), cultivates, develops, enlightens, improves, nurtures, and even disciplines their audience.
Coaching, advising, and educating are an integral and natural part of how MFG engages with clients. Listening is always the starting point. Some analytical tools may be sprinkled in. Then over 20 years of experience and industry expertise are leveraged to create a unique, client-specific game plan.
Financial Planning
Whether it’s owning your own home, funding your children’s education, or creating a stress-free retirement, a financial plan is considered vital in working towards your goals. A well-grounded and effective plan goes beyond the realm of saving, budgeting, and investing. It also considers other elements of your financial picture, including insurance planning, tax planning, retirement planning, estate planning, and much more.
By understanding the role of financial planning in meeting your short, intermediate, and long-term financial aspirations, you'll be better equipped to control your financial future.
Wealth Management
You (and your family, partner, spouse) work hard to accumulate assets over a lifetime. The hope is that, when the time comes for you to leverage those assets, they’ll be there for you to benefit from. Asset Management service is all about helping you manage YOUR financial assets using a prudent and conscientious approach.
WHY ASSET MANAGEMENT IS IMPORTANT
Individuals and families depend on the assets they accumulate over the years, being able to sustain them later in life – in retirement or in the event of an unforeseen need. However, not everyone has the time to monitor and manage those assets. And even if you have the time, you might not have the skills and patience to do so. In not managing your assets diligently over your accumulation phase, you could leave them exposed to erosion, destruction or depletion. The result: You might not have those assets (or a significant portion of them) in times of need.
Retirement Planning
Everything you do – from planning the education and designations you'd like to acquire, to starting a career and managing your career progression – is done in the hopes that you and your loved ones can have a better life. But in all your planning, have you remembered to plan for life after work?
If you fail to plan for life after work, all the effort you’ve put into your working life may be jeopardized, and you may be left with more questions than answers. And an ill-prepared retirement is bound to be one filled with financial stress and chaos, instead of life-enriching experiences and freedom.
Retirement planning shouldn’t start at retirement; it should start well before. We take a long-term view of your financial wellbeing to help create a life after work that is as well-planned as your life while working.
As Benjamin Franklin wisely said: “If you fail to plan, you are planning to fail.”
Estate Planning
If you wish to leave behind a meaningful legacy, be it for loved ones or a charitable institution, you need to put a well-thought-out estate plan in place. Without an established plan, the fate of your estate could be determined by the government, lawyers, or people that don’t have your interests and best wishes in mind.
Having an estate plan is paramount in ensuring your estate is handled according to your wishes. Together with your estate planning attorney, we can assist in drafting documents and reviewing your situation so your estate benefits the people and charities you care about most.
Some of our estate planning essentials: Designating Beneficiaries; Minimizing Estate Taxes; Trust and Will Education; Power of Attorney Creation; Estate Protection; Legacy Distribution.
MFG thinks it is highly important to establish relationships with your beneficiaries prior to death and estate distribution. Having all parties informed and involved helps to ensure your legacy.
