LFA provides advice and education on a full spectrum of wealth management issues. Working with the diverse population in the St. Croix Valley, western Wisconsin, and the greater St. Paul - Minneapolis metropolitan area we have experience in providing fee-only investment advice and financial planning services to:
- Mid- and senior-level corporate executives
- Business owners
- Doctors, lawyers, and other professionals
- Widows and other single women
- Educators
A Certified Financial Planner® licensee is assigned to work with you and your family, along with an administrative account executive. Both are familiar with the details of your personal situation and available to answer any questions you may have at any time.
Since managing your wealth requires continuing research and follow-up, you will receive detailed portfolio performance reports from us quarterly and offers to meet with your advisor at least twice a year to talk about changes in your life, goals, and cash flow. If needed, your long-term cash-flows will be analyzed and your financial plan will be updated to ensure you continue to have a realistic plan for achieving retirement and other goals.
Services:
INVESTMENTS
Lenander Financial’s core service is asset management and our firm is structured around providing ongoing investment advice on a fee-only basis. As a Registered Investment Adviser with Planners Financial Services, Inc. and regulated by the U.S. Securities and Exchange Commission, LFA embraces its fiduciary role when providing you investment advice. That means LFA does not accept any commissions on the sale of investment products and are not paid more when you purchase any particular investment. This is a major difference between LFA and most other brokers at Wall Street firms, who may accept commissions when selling you investments. We do not sell securities; we only sell only our advice, for a fee, based on your assets under our manangement. And, as a fiduciary that sells only investment advice and not securities, we are obligated to keep your interests at the center of our efforts.
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RETIREMENT PLANNING
LFA assesses your risk tolerance and timetable for retirement or semi-retirement to determine the style of your portfolio—conservative, moderate, moderately aggressive, or very aggressive. We spell out your portfolio’s risk, time horizon, and characteristics in an investment policy statement. Then, we build your diversified portfolio by individually selecting investments appropriate for you. Finally, we monitor your portfolio’s performance and adjust the holdings as your goals and situation evolve.
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INCOME PLANNING AND DISTRIBUTION
Once you are retired, planning your distributions is critical to ensure your savings last through the full extent of your lifespan. The financial plan we draw up for you seeks to forecast your long-term cash flows and calculates what you can expect from Social Security, as well as from income and capital gains generated by your nest egg. We factor in any pensions, and other sources to create accurate year-by-year projections for you. If you own Individual Retirement Accounts (IRAs), we calculate the minimum distributions required by law. We analyze whether you should be taking distributions from taxable accounts, and balance gains against losses for tax purposes.
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ESTATE PLANNING
Lenander Financial makes sure you cover all issues related to estate planning—your will, beneficiaries, guardianship of children, distribution of assets, power of attorney, and health care directives. We can refer you to an attorney to draft documents and help you implement your wishes through trusts.
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INSURANCE ASSESSMENT
Even in the event of unforeseen illness or injury, your finances and future plans can stay healthy and strong when you’re adequately prepared. To protect your family and your assets, Lenander advisors will carefully examine your life insurance, disability, and long-term care coverage and, when necessary, make recommendations and referrals to insurance professionals who can provide additional products.
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REPORTING
Each quarter you will receive investment reports detailing your investments along with your account allocation in accordance with your personal goals and objectives.
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