Services Overview

Asset Management

YCM offers clients a tailored portfolio management solution based on a thorough understanding of each client's independent investment objectives. YCM's portfolio management services encompass not only the traditional asset classes of fixed income, domestic equities and foreign securities, but can also include other asset classes. Such advice will typically involve providing a variety of services and may include investment buy/sell recommendations, asset allocation, recommendation of independent advisers, and the selection of mutual funds and/or individual securities for the client's portfolio.

The investment advice we provide is customizable, with each account managed according to the investment objectives, needs, guidelines, risk tolerance, and other information provided by the client. This begins through gathering information from each client on a Client Profile Form, Investment Policy Statement or other similar documentation process. Based upon information received from the client, YCM selects the appropriate model (i.e., either conservative, moderate conservative, moderate, moderately aggressive and aggressive) for on-going management. Depending upon the strategy selected by the adviser, YCM invests client assets in various allocations and types of securities, including but not limited to: mutual funds, exchange traded funds ("ETFs"), stocks, bonds, treasuries, variable annuities, foreign securities, and/or real estate investment trusts ("REITs"). YCM does not offer advisory services relating to private placements or non-public offerings. Please refer to Item 8 for additional information about YCM's investment strategies and their associated risks.

YCM manages all client assets on a fully discretionary basis, but for select clients, may provide non-discretionary management upon request and at the sole discretion of the Firm. YCM's discretionary authority may be subject to conditions or restrictions imposed by a client. This may occur when a client restricts or prohibits transactions in a particular security or industry sector, or request that the Firm place trades with a specific broker-dealer (aka "direct brokerage").

Retirement Planning

Retirement/Lifestyle planning can be divided into two broad life stages: wealth accumulation and wealth distribution.

Wealth accumulation (as the name suggests) focuses on the process of building one's net worth. It emphasizes goal planning and growth-oriented investing. Most investors focus on wealth accumulation during their twenties, thirties, forties and fifties. Wealth distribution focuses on creating and sustaining predictable income once an investor shifts from active to passive accumulation. Creating sustainable retirement income is both an art and a science. Multiple uncertainties and assumptions complicate the task, as individual investors must balance portfolio stability and growth in order to meet future liabilities. Furthermore, portfolio withdrawals amplify the impact of market declines in the distribution phase.

With changing economic and financial market landscapes, investors now have to assume the majority of the investment and longevity risk, while trying to create a predictable, sustainable, increasing, lifetime retirement income (making sure they don't run out of money).

Some of the basic lifestyle questions are:
  • When do I "Retire"?
  • What does "Retirement" mean to me?
  • When and how do I phase out of generating income to using "portfolio" and/or passive investment income?
  • Do I sell investment properties or keep them for their positive cash flow?
  • How do I sell my highly appreciated assets in a tax-efficient way?
  • When do I start taking Social Security?
  • Do I downsize my house?
  • Do I move to another state?
You also will need to consider:
  • Desired lifestyle (for different time periods)
  • Health Care & Long Term Care coverage
  • Inflation & life expectancy
  • All available income sources
  • Withdrawing income tax efficiently
  • Home mortgage & education funding
  • Heirs & charitable giving plans

Regardless of whether you have a modest retirement portfolio or have been fortunate enough (and worked a lifetime) to amass a sizable portfolio, there is always one main question to be answered when approaching "retirement"; that is, "How much is enough?"

If someone is unsure of whether they have sufficient assets and cash flow to support their desired lifestyle throughout their retirement years, a comprehensive retirement plan analysis can help give them the answer.

Understanding Integrated Wealth Planning

Wealth (Financial) Planning can help you and your family take control of your financial future. By setting financial goals, developing and implementing financial strategies, and monitoring progress on a regular basis, the likelihood of achieving your goals is greatly increased.

While the virtues of financial planning are well known, the reality, however, is that most successful families do not possess a complete financial plan that accounts for all financial aspects (lifestyle needs, liabilities, risk, and investments). While the reasons for this are many, the most common reason is that most families simply lack a professional advisor dedicated to integrating all of their financial components. For most, as wealth grew, so too did the number of advisors, attorneys, accountants, investment managers, insurance professionals, trust officers, etc. to the point where there are too many information and strategy silos, leading to a lack of coordinated and integrated advice.

Consequently, traditional financial planning has given way to the benefits of Integrated Wealth Planning (IWP), which has become one of the most effective means for successful families to centralize and optimize the management of their financial affairs. IWP is more than just investments and insurance. It encompasses a broad range of services and uses a comprehensive, integrated approach in order to accumulate and grow assets, while preserving, protecting, utilizing and (potentially) transitioning them in a tax efficient manner to future generations and charitable causes.

IWP is a life-long process that assists you and your family in taking control of your financial future. By setting integrated financial goals, developing and implementing cohesive strategies, and monitoring progress on a regular basis, the likelihood of achieving your overall results is greatly increased.

Integrated Wealth Planning Lifecycle

Building and implementing an integrated wealth management plan is a multi-step process that requires the input from many advisors/experts. The following highlights the key steps in an integrated wealth management plan lifecycle.

Step 1: Discovery

Upon engagement, you will be asked to complete a confidential self-assessment questionnaire. During your discovery session, your YCM Wealth Advisor will take the time to map out your financial situation and personal goals. Financial components are organized into the following wealth elements:

  • Lifestyle Planning
  • Risk Planning
  • Liability Planning
  • Investment Planning

Step 2: Planning

Your YCM Wealth Advisor will customize your Integrated Wealth Management Plan by selecting key components from each wealth element that are most relevant to your overall situation. In addition, your YCM Wealth Advisor may start a preliminary list of additional outside advisors to add to your team who may be of assistance.

Step 3: Implementation

With a clear understanding of your situation, goals, and dreams, your YCM Wealth Advisor will review with you the many facets of your Integrated Wealth Management Plan, which may include recommendations from other professional advisors. Once you have signed off on everything, your YCM Wealth Advisor will then manage all implementation activities, including those from outside advisors (e.g., attorney, CPA, insurance & mortgage specialists, etc.) when appropriate.

Step 4: Monitoring

After your initial Integrated Wealth Management Plan is implemented, you and your YCM Wealth Advisor will schedule periodic meetings to review and adjust your plan as necessary. Additionally, your investments will be monitored, with an eye on market conditions and changes in your life.

Integrated Wealth Planning Services Overview

Lifestyle Planning

Wealth Accumulation (as the name suggests) focuses on the process of building one’s net worth.

Wealth Distribution focuses on creating and sustaining predictable income once an investor shifts from active to passive accumulation.

  • Financial Planning
  • Retirement/Social Security Benefits Planning
  • Education Planning
  • Business Succession Planning
  • Liability Planning

Estate & Charitable Planning

Wealth Transfer planning (commonly referred to as "estate planning") is an essential part of any analysis. Your estate plan should be structured to achieve your personal objectives and maximize wealth passed on to heirs and charities, while minimizing taxes and other expenses.

  • Estate Planning
  • Charitable Planning
  • Gifting/Stewardship Planning
  • Foundations/Donor Advised Funds
  • Preparation of Heirs – Post-Transition Estate Planning

Risk Planning

Most clients do not perceive that their profession or lifestyle is one that will incur undue risk, and this may be accurate. By understanding the events and activities in which you engage, we can offer direction and advice that may be useful in minimizing the risk exposure you have.

  • Asset Protection
  • Property & Casualty
    • Home, Auto & Umbrella
    • Directors and Officers
    • Yacht/RV
    • Art Advisory
    • Kidnapping & Ransom
  • Life Insurance
  • Long Term Care

Investment Planning

It is common for people to utilize a "Passive Investing" model, but with volatility and increased risk in the market due to geopolitical events such as terrorist attacks, energy crises, or acts of war, proactive management by a qualified management team is essential to protect you and reduce exposure to major downturns in your portfolio.

  • Portfolio Review & Rebalancing
  • Investment Policy Statements
  • Comprehensive Investment Solutions
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