SERVICES

DIVORCE PLANNING:

Divorce is a particularly difficult and tumultuous time when you are forced to make decisions which have long term implications.  At Resurgent Wealth Management, we work with you and your other advisors to sort through the financial issues related to divorce and provide you with information and guidance that allow you to make informed decisions that are in your best interest.  Every divorce is different so we customize our approach to fit your unique set of circumstances.  As your Certified Divorce Financial Analyst (CDFA), we are a part of your divorce team and can provide direction and support on a broad range of pre and post divorce issues.

Divorce is a multi-step process and a CDFA is the best resource to navigate each step along the way.

PRE DIVORCE FINANCIAL REVIEW

  • compile financial data
  • value assets
  • estimate short term needs
  • prepare financial affidavit and statement of net worth
  • develop budget

LONG TERM PLANNING

  • identify and prioritize financial goals
  • estimate earnings potential and timeline
  • estimate education expense
  • project retirement needs
  • assess current and future insurance needs
  • evaluate long term expenses

DIVORCE SETTLEMENT ANALYSIS

  • review after tax proposed settlement
  • estimate ongoing maintenance needs
  • evaluate cash flow and net worth
  • evaluate proposed settlement
  • develop alternate proposal settlements

POST DIVORCE

  • oversee asset transfers
  • create and set up new budget system
  • propose and manage investments
  • monitor investment results relative to goals
  • update plan as needed

COMMON FINANCIAL MISTAKES IN A DIVORCE

  • negotiating to retain marital home when the party cannot afford it
  • obtaining incomplete information on retirement plans, employee benefits and stock options
  • not evaluating defined benefit plans correctly
  • not understanding the various division methods of retirement assets
  • not understanding the purpose and need of a QDRO and when to get it filed
  • not fully evaluating the long term impact of a financial settlement
  • failure to adequately factor in inflation and investment returns to financial settlements
  • not protecting spousal and child support with life insurance
  • making isolated financial decisions as opposed to looking at the big picture
  • failure to understand the tax implications of alimony vs child support
  • assuming that an equal division is a fair division of property
  • not understanding division of stock options
  • not using a financial advisor

COMPREHENSIVE FINANCIAL PLANNING

Comprehensive financial planning is the foundation of client relationships with Resurgent Wealth Management.  Financial planning begins with a thorough review of where you are today which includes a full analysis of your current financial situation.  Next, we discuss where you want to be which gives us a clear understanding of your short and long term financial goals.  Finally, we develop a plan or financial strategy that includes all financial products needed to take you from where you are today to where you want to be in the future.  Once the strategy has been implemented, we closely monitor the results and make changes as needed.

Our financial plans are customized for each client; however, many plans will include the following:

  • Retirement Planning- We review your plan to determine if current savings will be adequate for your future retirement.  If not, we help you develop a new plan to get you back on track.
  • College Planning- Where appropriate, we work with our clients to create a college savings plan to pay for children and grandchildren going to college.
  • Tax Management- We evaluate current tax situation and work with other tax professionals to recommend strategies for reducing tax and deferring income and other taxes.
  • Estate Management- We review current estate documents to ensure that wills, trusts, power of attorney, asset titles and all other estate documents are in place and updated.  We also work closely with your attorney to develop a plan that allows you to pass on your estate in the most tax efficient way possible.
  • Risk Management-  We review current situation to assess risk and recommend changes as appropriate.
  • Insurance evaluation- We review your current insurance and make recommendations as appropriate to improve coverage and limit costs.
  • Cash Management- Cash management is a critical component of future retirement planning.  We need to understand how much you spend in order to know how much to save for the future.

Bottom line, making good financial decisions is very difficult but financial planning will allow you to make informed decisions.  With financial planning:

  • your financial affairs will be organized
  • your financial goals will be identified
  • your cash flow will be analyzed and understood
  • your current benefits will be reviewed
  • you will have a plan or financial roadmap in place to guide your financial decisions
  • you will have an education funding strategy
  • your current investments will be reviewed
  • your tax structure will be analyzed and considered in all financial decisions
  • your insurance will be reviewed and updated as needed
  • your estate plan will be reviewed and updated as needed

INVESTMENT MANAGEMENT

At Resurgent Asset Management, our personalized approach to investment management emphasizes portfolio management that is custom tailored to the individual needs of each client.  We listen closely to you and gain a careful understanding of your unique goals, risk tolerance and time horizon.  We use this information to develop an investment strategy that provides a framework for determining an asset allocation balancing risk and reward over a long term time horizon.  Once the investment strategy is in place, we utilize a manager of managers approach which is based on hiring and monitoring specialist investment managers for their expertise in specific markets or with specific investment styles and then combining those various managers to create portfolios tailored to client goals.  This strategy allows us to outsource research and selection of individual securities to best in class managers while we stay focused on personal consultation, service and ongoing advice.  We use our knowledge of markets, asset allocation and portfolio construction to hire managers that give us the best chance to reach our stated objectives.  We use a fee based model which means we are compensated by growing your investment portfolio.

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