Professional

OUR APPROACH

Whether you are an established physician, in medical or dental school, doing your residency, or thinking about retirement – as a physician or dentist, you have unique needs as you plan for your financial future. You need individualized recommendations based on your personal goals. And you need advisors who have experience working with medical professionals.

  • You've spent a long time in school and training, so your earning years have started later than others your age.

  • You likely have higher-than-average amount of student debt.

  • Given the demands of your job, you probably don't have much free time to devote to dealing with your personal finances.

At your initial consultation, we will assess your overall financial health by conducting a factfinder to understand your current situation as well as your future goals and dreams (personally, professionally, financially, philanthropically).

We take time to carefully develop a strategy that is unique to your goals and prepare a tailored financial plan and recommendations. We seek to educate and create a feeling of clarity and collaboration for the decisions we will help you make.

Our team of experts will help set your plan in motion with thoughtfully integrated tools to keep you moving toward your goals.

We will continuously help you align your actions with your goals and measure your progress so that you can confidently enjoy the road ahead. The only constant in life is change. We will regularly revisit your goals and review your plan to make sure you are still on track.

We strive for customer service excellence and to provide a world class experience. We are committed to always treating you as a valued client and will provide the following:

  • Timely service

When you call or email us, you can always expect reply within 24 hours.

You have access to your account information anytime via our website.

  • Annual reviews (Quarterly as needed)

It is our promise and obligation to meet with you on an annual or quarterly basis to review your plan and performance toward your goals. You will receive an updated copy of your plan and performance- in your choice of print or electronic version- for your reference.

  • Other Assets/Investment Portfolio Analysis

As part of our reviews, we will include other outside assets and/or investments for a single, holistic view of your financial situation.

  • Monthly Newsletters

We provide a monthly electronic newsletter with pertinent information on financial and economic issues in a quick, easy-to-digest format.

  • Ultimate Client Experience-

We are honored to have the trust and friendship of our clients. We host unique and memorable client appreciation events to say thank you for your trust.

Wealth Optimization(Fee-Based Planning)

Copyright 2020 The Legacy Companies, LLC. Concepts used in these materials used with permission from The Legacy Companies, LLC. Legacy Materials and Concepts are only made available to advisors in the Fee-Based Financial Planning program at Northwestern Mutual Wealth Management Company.

 


Expert Access for more complex portfolios: High Net Worth Individuals $2M +

With Private Client Services through Northwestern Mutual, we work with individuals, families, and businesses to deliver services and solutions that help build, protect, and manage wealth.

Private Client Services can give you access to exclusive wealth management and specialized portfolios. You'll work with a team of financial advisors who specialize in handling the unique needs that come with more wealth, including merging

Our team won’t just help you create and manage your investment portfolio; he or she will also take time to educate you on what you own, why you own it and how it contributes to the overall health of your portfolio.

Personalized investments: Two of the main drivers of returns for any investment portfolio are asset allocation and security selection. As your wealth manager, I leverage my expertise of markets and the economy, as well as their understanding of you as an individual, to craft an individualized portfolio. Because of their institutional ties, they can also execute investment strategies that might be complicated or otherwise out of reach to an individual investor, such as buying on margin or the inclusion of less liquid assets.

Tax efficient strategies: We will think critically about how a portfolio is built and managed — what assets it holds, what type of accounts it consists of, how long to hold a stock — in order to minimize your tax burden over time and maximize your wealth. For example, we might advise you to sell a stock that has been underperforming in order to harvest your losses and reduce your tax burden during a given year.

Just as capital gains taxes and income taxes threaten your wealth while you are alive, gift and estate taxes can threaten the wealth that you try to pass along to your loved ones after you die. We will help you craft a plan to minimize these taxes as much as possible in order to preserve as much wealth as is feasible.

Your employee compensation plan: We are familiar with even the most complex compensation packages. This may include incorporating deferred compensation or equity plans into your overall wealth management plan and the rest of your portfolio, assisting in the valuation of your plan, or developing a strategy of diversifying away from your plan into a broader and liquid portfolio when it makes sense.

Legal advice: We will work with your other advisors, like your attorney, to make sure the appropriate legal documents are in place and are coordinated with your financial portfolio. This may include trusts, your will, a living will, durable powers of attorney, letters of intent and various beneficiary forms, among others.

Charitable donations: Finally, if you would like to reserve a portion of your estate for charitable donations,we can help you do so in the most tax-efficient manner possible.

If you find your financial situation growing more complex, we can help you ensure that you are not leaving any stone unturned in growing and preserving your wealth.

 

 

Awards and Recognition

 

Million Dollar Round Table Qualifying Member 2004-2012

MDRT is the premier association of financial professionals. MDRT status designation is granted for one year and members must apply every year to continue their affiliation with the MDRT

 

National Association of Insurance and Financial Advisors Quality Award 2011-2015, 2017, 2019

Award recognizing commitment to excellence in service to clients and industry

 

National Quality Award 2004, 2006-2008, 2010

Award recognizing persistency and performance

Karin V Larrave

Karin V Larrave

Wealth Management Advisor

 

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