Investment Management is our primary business activity and one of the cores of any households’ financial well-being. We believe in the time tested approach and philosophies of Modern Portfolio Theory and construct client portfolios based on asset class selection and diversification, not by picking single stock’s or attempting to time markets. We use low cost index funds as well as some managed funds that enable access to certain asset classes that don’t have adequate index fund offerings.
Having and maintaining a thoughtful financial plan is another key core to a households’ financial health. By harnessing the capabilities of the web-based eMoney Wealth Management System, Cadence advisors guide clients to a much higher and clearer understanding of their existing situation and then identify and uncover opportunities to improve it. The planning process is an integral part of every client relationship and a complimentary component to the investment advisory and management services Cadence offers. Our process ensures that your financial world is organized, easy to understand and always accessible to you.
Our team of wealth managers works with clients in Washington and nationwide to help them develop realistic plans for retirement. We can assist clients with a range of retirement planning issues, including:
Families and individuals spend a considerable amount of time building wealth over a lifetime (or several lifetimes). Managing the transfer of that wealth to others and balancing the sometimes competing needs of different individuals can be a complex and confusing process. The tax implications of improper or insufficient planning for estates that are above the federal exclusion threshold can be extraordinary. While we are not attorneys and do not draft any estate planning documents ourselves, we often work very closely with clients and their representatives to facilitate proper planning and to provide our advice where appropriate. If necessary, we can take advantage of relationships with several well-qualified estate planning professionals that we have worked with over the years to provide these services to our clients (they would work on a fee basis directly with our clients; we would not have any financial stake in the relationship). This is a complex and ever-changing environment and it is important to have any documents reviewed and updated on a regular basis.
Cadence Wealth Management works with clients and their tax representatives to operate in a tax-efficient manner and also to help them to defer taxes for as long as possible. Tax efficiency and tax management are an important element of each of the planning disciplines. We focus on the tax impacts of available alternatives and how best to balance the desire to minimize taxes with other goals that we are looking to achieve for our clients. In the investment arena this may involve when and how to exercise employee stock options or restricted stock or when to take capital gains (and losses). Retirement and education planning both balance the desire to put money away for the future while maintaining liquidity and control over the investment and disposition of the assets. There are various ways to pay for insurance products that impact the tax treatment of the ultimate benefit that may be received. Taxes have a significant impact on many financial decisions and it is important to understand the tax implications prior to taking action.
Cadence Wealth Management is a registered investment advisory firm in the State of Washington that provides investment advisory services to employer-sponsored qualified retirement plans.
Employers that sponsor an ERISA plan shoulder a major responsibility. Plan fiduciaries must select the appropriate service provider(s) at a reasonable cost, determine the optimal plan design, choose and monitor investments, keep up with legislative changes, ensure the plan is administered properly, and educate and inform employees. Fortunately, under ERISA, employers have the ability to hire skilled professionals to help with their retirement plan investment decisions.
As a co-fiduciary, Cadence Wealth Management can help employers with the proper fiduciary governance of their company-sponsored qualified retirement plan.
Cadence Wealth Management's co-fiduciary process begins with an assessment of the existing 401(K) plan. This includes an evaluation of the plan demographics, providers, investments, costs, and participant education experience. Next, we assist with the design of a new Investment Policy Statement. The process continues with the ongoing review of investment performance, evaluation of administration and investment fees, and assistance with the design and delivery of employee communications.
Employers can minimize their fiduciary liability by implementing an Investment Policy Statement (IPS). An IPS outlines a detailed, prudent plan of action for the plan fiduciaries to follow. It describes the plan's investment philosophy, risk tolerance and long-term goals to help guide all decisions made regarding the plan. Cadence Wealth Management will assist in the design of a customized IPS.
Cadence Wealth Management works with plan sponsors to select a line-up of funds to offer to plan participants. Diversification reduces the risk of uncertainty and asset allocation in numerous asset classes will determine the results in the participant account. Accordingly, funds are recommended that provide ample diversification opportunities for plan participants.
Cadence Wealth Management reviews client accounts at least quarterly regarding fund performance, fund selection, etc. Clients are provided with a quarterly performance report that details fund performance versus appropriate peer and index benchmarks.
Cadence Wealth Management is not tied to a particular provider and will recommend what is best for each company and its employees. In the event of a provider change (i.e. TPA, custodian), Cadence Wealth Management will help manage the conversion process to the new provider. In addition, Cadence Wealth Management will act as the primary contact for all aspects of plan servicing. Providers will be monitored to ensure that they continue to meet the company's needs.
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Investment Advisory and Wealth Management Services offered through Cadence Wealth Management, LLC, a registered investment adviser in the State of Washington (Other States as applicable). Cadence may not transact business in states where it is not appropriately registered, or excluded or exempted from registration. Individualized responses to persons that involve either the effecting of transactions in securities, or the rendering of personalized investment advice for compensation, will not be made without registration or exemption.
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