Services

At Cultivate Wealth Management, we provide assistance in the following areas:

Establishing goals, setting expectations, managing risk and allocating your investments are integral to designing an Investment Management Plan that’s right for you.  Continuous monitoring of your plan and making necessary adjustments when needed is what we do at Cultivate Wealth Management.

Preparing for the future can be overwhelming. A financial strategy may be able to alleviate some of the stress. In creating a financial strategy, we help clients establish their goals in life, determine their assets and liabilities, and evaluate their current financial position. From there, we can implement a strategy and monitor regularly.

Income and Cash Flow are sometimes used synonymously. They are not the same thing. Income is what you receive in wages, social security payments, interest and dividends. Cash Flow, on the other hand, is what you need in retirement to meet your monthly expenses and obligations. Through our Financial Planning Process, we will help you determine your cash flow needs and help derive a portfolio to help you manage those needs.

Many individuals, couples, and families don’t just want to make their assets last for their lifetimes; they want to leave a legacy for their heirs in a tax-efficient manner. However, the financial side of estate planning is often overlooked and can have a significant impact on one's family. We can assist clients in articulating their estate planning needs and coordinate the work of other professionals who may be needed, including attorneys and CPAs.

Tax and legal services are not offered by LPL Financial or affiliated advisors. We suggest that you discuss your specific situation with a qualified tax or legal advisor.

A trust can provide a measure of comfort, knowing you have a plan in place to help provide for the safe and accountable management of family assets and to direct their use in accordance with your wishes, goals, and objectives. A trust is used to help address the proper management of your assets throughout the different stages of your life. 

During Your Lifetime, placing assets in a trust can allow you the freedom to continue managing your assets or to devote time to other priorities while addressing the avoidance of probate and providing privacy. A trust created and funded during your life is generally called a “living” or “revocable” trust.

In the Event You Are Incapacitated, a trust can help manage your finances and keep things in good order for your benefit.

Upon Your Death, a trust becomes “irrevocable". Your assets are managed and distributed by your trustee, in accordance with your instructions throughout the trust’s existence. 

A Trusteed IRA is a trust account that provides preservation and control of your individual retirement account (IRA) assets after your death. It can allow you to combine your estate planning goals and your retirement goals within a single framework.

Charitable Remainder Trusts (CRT): A grantor moves assets to a trust and receives immediate tax benefits and income from the assets during his or her lifetime. At the grantor’s death, or at a designated time in the future, the remaining assets of the trust are given to the charity named as the trust’s beneficiary.

Other Considerations

An estate planning attorney may recommend creating an irrevocable trust during your lifetime, in addition to a revocable trust. This may provide creditor protection, controlled giving to family members, or estate tax minimization.

Tax and legal services are not offered by LPL Financial or affiliated advisors. We suggest that you discuss your specific situation with a qualified tax or legal advisor.

As a member of a family, you have the responsibility to care for those you love. Financially protecting your family in death or illness is one of the most important ways to show your love.

We will help you navigate through the various programs and plans to suit your needs.

Business succession planning provides you with the tools to transition from the working world to retirement or another form of business. Developing your exit plan is just as important as the development of your annual business plan.  We help you coordinate comprehensive strategies for a smooth, sound transition.

How you borrow and manage cash can be as important to the success of your wealth plan as having the appropriate investment strategy. Cultivate Wealth Management has access to several LPL Financial affiliated programs to help create banking and lending solutions for your personal and business needs.

A comprehensive financial plan would not be complete without an analysis of the risk exposure that a client faces with regard to life, disability, and long-term care insurance needs. We work closely with you to ensure that your you have carefully considered your Risk Management plan and help you focus on areas of deficiency.