Wealth Management Services

Financial Planning

Over the years we have found that one of the most confusing issues for clients has been the ability to distinguish between investment management and financial planning. Investment management is just one component of financial planning. Comprehensive financial planning includes the following: Cash Flow Analysis, Tax Planning, Investment Planning, Risk Management, and Estate Planning. A financial plan is the blueprint for financial decision-making. With a clear understanding of clients' lifetime and estate objectives, we are able to develop a financial plan that will help them achieve these goals. Once the plan has been developed, a financial action checklist and calendar are formulated to oversee the implementation of the recommendations based on each component of the plan. Updates are necessary so that we are able to monitor the plan against actual performance.

A major function of the financial plan is to review with clients their current asset allocation over different asset classes and to assess whether it reflects their risk profile and long-term financial objectives. Education and understanding of risk have become increasingly important in the financial planning process. Our Investment Management Services are an integral part of the wealth management process and are provided by a team of experienced and highly skilled investment professionals.

Matrimonial Financial Planning

Divorce financial planning services began as an outgrowth of the firm’s financial planning advisory services in 1994. Our experienced professionals are Certified Public Accountants(CPAs), Chartered Financial Consultants(ChFCs), and Certified Divorce Financial Analysts (CDFA) who provide financial analysis to family law attorneys and their clients during and after divorce.

We understand that when families are facing the financially complex and complicated issues surrounding divorce, they must make many intense and difficult decisions. Divorce can significantly alter the financial position of the family and it is critically important to understand the long-term financial consequences of the financial settlement. We have developed a financial settlement planning model that assists in the evaluation of various settlement alternatives. In countless cases, we have helped attorneys and their clients reach a settlement without litigation.

The professionals at Daniels + Tansey, LLP are extremely aware of the private and personal issues surrounding a divorce and are committed to helping clients understand the implications of the settlement and take charge of their financial futures.

We typically provide the attorney and client the following services:

• Financial Education- To assist in the development of the marital estate and the financial implications of its division. The education process provides an in-depth analysis of the family's assets and liabilities as well as tax implications of dividing the marital estate.
• Financial Settlement Projections- To review the financial implications of various settlement alternatives.
• Standard of Living During the Marriage- To assist clients in determining support and maintenance requirements through income and expense analysis. The tax ramifications of support payments is part of our analysis.
• Post-Financial Settlement Planning- To use our multi-disciplinary team of professionals to develop a long-term wealth management plan that offers assistance in financial management and investment strategies providing long-term financial security.
• Remarriage Planning-To assist the client in understanding the financial considerations of a re-marriage including the benefits of a prenuptial agreement, development of a plan for sharing financial income and expenses, purchase of assets and how they will be owned, and estate planning considerations.

For more information on the financial aspects of divorce, please visit www.institutedfa.com

The Person to contact

The Daniels + Tansey specialist in Wealth Management is Devon Daniels. She can be reached at 302-442-6207, or emailed at ddaniels@danielstansey.com