Financial planning and investment options we offfer for individuals include:
Financial Planning
IRAs (Traditional & Roth)
Exchange Traded Funds
Fee-Based Advisory Accounts
Third-Party Account Manager (TPAM)
Mutual Funds
Stocks/Bonds
Annuities (Fixed, Variable & Indexed)
Structured Products
Financial Planning
At Oak Ridge Wealth Management, we provide financial planning services to help you meet important life goals, such as buying a home, saving for your child's education or planning for retirement.
Focused financial planning can give direction and meaning to your financial decisions so you can see how they can affect other areas of your life. For example, buying a particular investment product might help you pay off your mortgage faster, but may delay your retirement significantly. By viewing each financial decision as part of a whole, you can consider its short and long-term effects on your life goals. You can also adapt more easily to life changes and feel more secure that your goals are on track.
There are six key areas of a financial plan:
• Cash Management
• Investment Management
• Risk Management
• Retirement Planning
• Tax Planning
• Estate Conservation
IRAs (traditional & Roth)
Traditional IRAs are a personal, tax-deferred, retirement account that an employed person can establish. The annual deposit made to this account cannot exceed the IRS contribution limits for that given year. If neither the taxpayer nor their spouse is covered by a qualified employer-sponsored retirement account, then the contribution is deductible. If either person is covered by a qualified employer-sponsored retirement account, then the deductibility of those contributions will follow the IRA deductibility schedule for that year.
Roth IRAs became available in January of 1998. Following the IRA contribution limits, a taxpayer my deposit money into a Roth IRA. The primary difference between a Roth and traditional IRA is that gains earned in a Roth IRA may be withdrawn totally tax-free providing the assets remain in the account for at least five years longer than the principal. Taxpayers over the age of 70 ½ years may also contribute to a Roth and do not need to satisfy the mandatory required distribution. There are some things to consider in utilizing a Roth IRA. First, there are income limits to who may contribute, and second, there is not a tax deduction available for the contributions to a Roth.
When trying to determine whether to use a traditional or a Roth IRA, it is best to consult with financial professionals. This is where Oak Ridge Wealth Management can help. Fill out the information request form under the request a quote link and we will help you determine which IRA best fits your situation.
Exchange Traded Funds (ETFs)
Contact Oak Ridge Wealth Management to learn more about Exchange Traded Funds.
Fee-Based Advisory Accounts
Invest Managed Account Program (IMAP)
Oak Ridge Wealth Management can provide investment advice on the allocation of your investment portfolio among several asset classes. Before creating an IMAP portfolio, we gather pertinent information, including, but not limited to, a review of your overall financial situation, investment objectives and goals, the degree of risk that you are comfortable taking, and the identification of the financial resources needed to meet your financial goals. Based on this information, an asset allocation model with a recommended mix of assets for your IMAP portfolio is then prepared. Oak Ridge Wealth Management may utilize the model asset allocation portfolios of non-affiliated research companies or proprietary asset allocation portfolios to make recommendations.
Third-Party Account Manager (TPAM)
There has been a considerable increase in the number of Third Party Managed Money Solutions accessible to financial representatives. Oak Ridge Wealth Management offers a powerful program for financial advisors who opt to outsource the management of their client's assets to some of the most knowledgeable and prominent Third Party Asset Managers (TPAMs) in the financial industry.
Some of the services provided by TPAMs include; flexible asset allocation, multiple risk management tools, tax strategies, and more. By partnering with one of our strategic money manager programs, our advisors are able to offer a broad range of diversification and advanced levels of portfolio administration.
The two types of TPAM programs are:
Sub-Advised
Sub-advised programs involve the ongoing provision of investment advice to the client by Oak Ridge Wealth Management, although the Third Party Advisor(s) will be responsible for the execution of securities transactions in the client's program account, typically under a discretionary trading agreement.
Solicitor
Solicitor programs involve the referral of a client by Oak Ridge Wealth Management to a Third Party Advisor, whereby the Third Party Advisor is solely and exclusively responsible for providing ongoing investment advice and management services to the client's program account.
Mutual Funds
It is important to assess your tolerance for risk before you decide if a fund is appropriate for you. Oak Ridge Wealth Management can walk you through a risk analysis questionnaire to help you determine the correct allocation for your situation. We proudly offer a variety of funds including:
American Funds
American Century
Aim
Alliance/Bernstein
Calvert
Oppenheimer
Vanguard
Van Kampen
Mfs
T Rowe Price
Federated
Davis
Franklin/Templeton
Pimco
And Many More
Stocks/Bonds
A stock is a type of security that signifies ownership in a corporation and represents a claim on part of the corporation's assets and earnings.
There are two main types of stock: common and preferred. Common stock usually entitles the owner to vote at shareholders' meetings and to receive dividends. Preferred stock generally does not have voting rights, but has a higher claim on assets and earnings than the common shares. For example, owners of preferred stock receive dividends before common shareholders and have priority in the event that a company goes bankrupt and is liquidated.
With bonds, an investor loans money to an entity (corporate or governmental) that borrows the funds for a defined period of time at a fixed interest rate. Bonds are used by companies, municipalities, states and U.S. and foreign governments to finance a variety of projects and activities. Bond maturities range from a 90-day Treasury bill to a 30-year government bond. Corporate and municipals are typically in the three to ten year range.
Annuities
Annuities are a form of contract sold by life insurance companies that guarantee a fixed or variable payment to the annuitant for a period of time, usually retirement. Guarantees are based upon the claims paying ability of the insurance company. In a fixed annuity, the amount will be paid out in regular installments varying only with the time period selected. All capital annuities grow tax-deferred withdrawals may be subject to taxes, and if withdrawn before age 59 ½ a tax penalty also.
Annuities are growing in popularity, however, it is important to review the key considerations, such as expenses and surrender charges, and appropriateness for your situation. Oak Ridge Wealth Management can work with you to decide weather an annuity is right for you.
Structured Products
Structured Products include a broad category of investments. One of the most popular varieties include a guaranteed portion, either backed by the FDIC or sometimes by an insurance company, coupled with an investment portion. These products offer safety of principal and the potential to participate in market performance. These investments are for set time periods ranging from less than a year to over five years. Most are in the one to three year range. Structured products are designed to help investors who are unwilling to risk their principal, but willing to take a chance on the return they get. These investments are offered in a primary market so the selection constantly changes. All guarantees are based upon the claims paying ability of the insurance company.
