Fulfill Your Lifelong Dreams & Goals With The Right Wealth Management Advice

No, not at Perkins Wealth Advantage. Financial planning and wealth management aren’t just about investing money. It’s about securing your finances now and in the future and securing the wealth you pass on to the next generation. That’s why we focus on a holistic approach to financial planning and wealth management for our clients. We offer various services, including investment management, tax planning, retirement planning, college and estate planning, and portfolio withdrawal strategies. Each of these services is tailored to meet the specific needs of our clients.

Yes. At Perkins Wealth Advantage, we take our role as fiduciaries very seriously. We are committed to providing honest, transparent information to help you make informed decisions. We always act in your best interests, disclosing all facts and doing our absolute best to minimize conflicts of interest. We believe this commitment level is necessary to help you achieve your financial goals and secure your financial future.

The fiduciary standard is a higher standard of care than the suitability standard. These two different legal and ethical standards apply to financial professionals who provide investment advice to clients. 

The fiduciary standard requires financial professionals to act consistently with their client’s goals and needs, prioritizing their client's interests over their own and performing with the utmost good faith, loyalty, and care. The suitability standard only requires that recommendations be suitable for the client but does not ensure they are in the client’s best interest.

At Perkins Wealth Advantage, we always prioritize our client's best interests, working to protect and pass on their hard-earned wealth and values to future generations. We chose to be fiduciary because we believe in providing our clients with the highest standard of care.

My clients pay me for the advice I provide. I do not receive a commission from any sale of financial products or services, which minimizes the potential conflicts of interest. This also allows me to focus on advice and recommendations solely in my client's best interest, providing greater transparency and building a solid and trusting relationship.

I have retained all my clients because my advice and services are not only fairly priced, they’re value-based, exceeding the expectations of the attorneys, CEOs, and business owners I work with. My fees are very competitive and based on what I think is fair and what I expect to pay for wealth management. During our second meeting, I will outline these fees and compare other firms’ services and costs, providing you with all the information you need to make the right decision.

In addition to their valuable expertise and knowledge in investment management, tax, and retirement planning, financial advisors assist in developing a comprehensive financial plan tailored to your unique goals, risk tolerance, and financial situation. They provide an unbiased perspective on your finances and financial advice that helps you avoid common behavioral biases while keeping you on track to meet your financial and life goals.

Your financial plan is a living document that evolves. Health changes, a new baby or grandbaby, or an unsolicited business buyout offer can alter your needs and goals. A financial advisor who knows you well can provide ongoing monitoring and make necessary adjustments, providing a holistic approach to your financial planning and advice that aligns with your overall life goals and values. 

Open and transparent communication will build a strong relationship with your financial advisor. And it will leave you with the peace of mind of knowing if you do everything outlined in your financial plan, you will be in the best position to accomplish your goals.

At Perkins Wealth Advantage, we do our best work for three distinct groups of people:

1. We help retirees turn their life savings into a reliable income stream while minimizing their lifetime tax burden. Accumulating wealth is a matter of saving and investing, but there are best practices for determining when and what to sell, which type of account to withdraw from, and how to be tax efficient. We best serve clients three to five years out of retirement, up to those who have been retired for ten years. This timeframe is when most people start spending down their portfolios and when most mistakes tend to happen.

2. We help business owners think through separating their personal financial situation from their business.  We help them prepare for a sale of the company and allocate the sale proceeds or think through transitioning the business to the next generation.

3. We help high-net-worth families avoid or significantly mitigate a savage 40% estate tax by proactively coordinating with your estate planning attorney and CPA to implement advanced planning strategies.  These strategies may include establishing gift trusts, spousal lifetime access trusts, grantor-retained annuity trusts, limited family partnerships, LLCs, donor-advised funds, or private foundations.

Your financial advisor must hold the proper certifications and qualifications, such as a Certified Financial Planner (CFP) designation. Additionally, look for an advisor who is a fiduciary, charges transparent fees, communicates well, is responsive to your needs and questions, and understands your financial goals and concerns.  They should also be financially curious as you want them to be knowledgeable on tax law changes and academic findings in the investment world. 

You should also ask yourself three questions:

1. Do I like/trust/respect the Perkins Wealth Advantage team and its approach?

2. Do I believe the value and benefits provided exceed the cost?

3. Do their recommendations make sense to me for my situation?

Do you have a specific destination in mind, such as a goal for 5, 10, or 30 years from now? What about a legacy goal for future generations? Building the right investment plan depends on what you are doing today and where you want to be in the future. Once we establish your goals, we will create a plan to get you there.

Yes, the minimum is $500,000 but may be waived in some specific situations.

To get started, we will address these six questions. This will allow us to get to know each other, for me to understand your current financial situation, and for you to share your future financial goals. Once we agree to work together, we will meet twice a year, in person or virtually, with quarterly touchpoints to maintain open lines of communication. We can also arrange to meet more often if that is your preference. I am always available by phone and email to answer your questions or make adjustments for new goals.

At Perkins Wealth Advantage, we follow an evidence-based approach to investing. This involves understanding the best investment practices and body of knowledge defined by the last 50 years of academic and practitioner research, guiding our clients' recommendations. We do not engage in "active management" or make investment recommendations based on speculation about the markets, economy, or interest rates because this approach is counterproductive and unreliable in achieving financial goals.

Perkins Wealth Advantage believes that six tenets guide Evidence-based investing

1. Outperforming the market is difficult. There are ways to build portfolios with higher expected returns through strategic allocation decisions informed by academic evidence. We recommend diversified, tax-efficient portfolios, following academic evidence, and maintaining reasonable costs.

2. Enhanced size, value, and profitability exposure can increase the expected return. There is abundant academic evidence showing that small-cap stocks have generated higher long-term returns than large-cap stocks, value stocks have outperformed growth stocks, and highly profitable stocks have outperformed low or negative-profitability stocks. Perkins Wealth Advantage uses stock and alternative funds to capture these long-term return premiums, giving clients the best chance of generating returns equal to or better than the overall market.

3. Global stock market diversification is as essential as diversifying among individual company stocks. Based on academic evidence, investors should own U.S., international, and emerging market stocks instead of solely concentrating on U.S. companies.

4. The primary role of fixed income is to reduce volatility. Both academic and practical evidence suggests that the most effective way to build portfolios is by taking risks through the stock and alternative portions of the portfolio and using fixed income to reduce that risk.

5. Academic evidence supports the moderate use of alternative investment strategies. While we are generally skeptical of most alternative investment strategies, accessing a couple in mutual fund form can enhance portfolio expected return and reduce portfolio volatility. Some alternative investments may offer low correlations with traditional asset classes, reducing overall portfolio volatility and providing diversification benefits. At Perkins Wealth Advantage, we approach all alternative investment strategies with caution and careful risk assessment.

6. Evidence-based investing slowly evolves over time. Evidence-based investing is not static.  Our investment strategy recommendations will develop as academic and practitioner evidence evolves.

Read more about my investment philosophy.