Others talk of a comprehensive approach to Financial Planning.
We embody it.
Financial planning is the process of managing your finances through budgeting, saving, investing, and preparing for future expenses. At Tidewater, we aim to achieve personal financial goals, ensure financial security, and optimize the use of resources for our clients. This involves evaluating your current financial status, setting objectives, and implementing strategies to meet them. Engaging in financial planning with Tidewater can provide expert guidance, personalized strategies, and peace of mind, ensuring your financial health is well-managed.
One of the most important things to remember is that we are a fiduciary. Unlike a stock broker or insurance broker who have to only follow a legal suitability standard, a fiduciary is a person or organization that is legally required to act in the best interests of the client. This relationship is built on trust, and fiduciaries must avoid conflicts of interest while making decisions on behalf of their clients. At Tidewater we do not have any "products" to sell, such as stocks, bonds, insurance, commodities, real estate, nor anything else. We are planners and will help you build a secure, financial future.
We’re focused not only on the basic fundamentals of your financial well-being, but the building blocks for your overall happiness. We want to help you see the big picture. For every element of your life that involves a dollar sign, we’ll offer a clear unbiased perspective.
In an increasingly complex financial world, the importance of creating a well defined financial plan cannot be overstated. Whether you’re just starting in your career, planning for retirement, or managing a family budget, financial planning is like creating a roadmap for your financial future. It’s not just about managing money; it’s about setting goals, making smart decisions, and preparing for whatever life may throw your way. It involves looking at various aspects of your finances, such as investing, taxes, savings, retirement, estate planning, and insurance from an unbiased perspective. When we sit down with you, we will delve into the fundamentals of financial planning, its benefits, and practical steps to get you started on the path to financial stability and success.
One of the most important things to remember is that we are a fiduciary. Unlike a stock broker or insurance broker who have to only follow a legal suitability standard, a fiduciary is a person or organization that is legally required to act in the best interests of the client. This relationship is built on trust, and fiduciaries must avoid conflicts of interest while making decisions on behalf of their clients. At Tidewater we do not have any "products" to sell, such as stocks, bonds, insurance, commodities, real estate, nor anything else. We are planners and will help you build a secure, financial future.
We’re focused not only on the basic fundamentals of your financial well-being, but the building blocks for your overall happiness. We want to help you see the big picture. For every element of your life that involves a dollar sign, we’ll offer a clear unbiased perspective.
In an increasingly complex financial world, the importance of creating a well defined financial plan cannot be overstated. Whether you’re just starting in your career, planning for retirement, or managing a family budget, financial planning is like creating a roadmap for your financial future. It’s not just about managing money; it’s about setting goals, making smart decisions, and preparing for whatever life may throw your way. It involves looking at various aspects of your finances, such as investing, taxes, savings, retirement, estate planning, and insurance from an unbiased perspective. When we sit down with you, we will delve into the fundamentals of financial planning, its benefits, and practical steps to get you started on the path to financial stability and success.
The Details
Maximizing Assets
- We seek to maximize the assets you have worked so hard to attain with data-driven investing strategies and a wide variety of options. While it can be difficult or even overwhelming to the novice, a financial planner can provide you with a clear and well-defined plan to grow and maximize your assets. One thing to remember, if someone tries to tell you that you can make a killing by doing this or that, remember the ancient bit of wisdom: if it sounds too good to be true, it is.
Legacy Planning
- Our goal is to safeguard your financial resources to support the legacy and impact you wish to have on future generations. Legacy planning is a financial strategy that prepares people to bequeath their assets to a loved one or next of kin after death. These affairs are usually planned and organized by a financial planner in conjunction with an estate attorney.
Philanthropic Planning
- Philanthropic planning refers to creating a comprehensive strategy for charitable giving that aligns with an individual's or organization's values, goals, and financial resources. This approach involves developing a plan identifying the most effective and efficient ways to make charitable contributions, considering tax implications and the potential impact on the philanthropic causes being supported. Whether through an endowment, private charity, public or private foundation, or donor-advised fund, philanthropic planning is often part of a comprehensive wealth management strategy.
Retirement Planning
- Work to build the retirement you want by skillfully planning all aspects of your future financial resources to align with your desired lifestyle. Retirement planning is the process of setting financial goals and strategies to ensure a comfortable and secure retirement. It involves estimating retirement expenses, evaluating potential income sources such as pensions and investments, and creating a savings plan to achieve your desired lifestyle after you stop working.
Life Planning
- A holistic approach that goes beyond finances, focusing on aligning your financial goals with personal values, dreams, and life aspirations. The goal of life is not just acquiring material things, money, real estate, and so forth, but having a life that fulfilling, meaningful, and provides you with an enjoyable life experience. This is what drives Tidewater.