Seeking a qualified CERTIFIED FINANCIAL PLANNER® serving Moorpark, Simi Valley, and Thousand Oaks? Welcome to IFG!
IFG is an independent, fee-based financial planning and wealth management advisor specializing in retirement income planning and dedicated to helping clients achieve their financial goals and live the lives they desire. Founding Principal Jim Lorenzen, CFP® has been in independent practice since 1991. You can learn more about him here.
Arrange your introductory phone call with Jim here.
IFG services include:
Financial and Wealth Management Planning
The process of navigating a course to achieve your financial goals is similar to that of a ship’s captain navigating a ship across a vast ocean. Just as the ship’s captain must navigate currents and weather, investors must contend with their own set of external risks: Inflation, interest rates, legislative (tax), market, and various business risks. These can be navigated with a long-term focus, discipline, and an understanding of the things that can be controlled: Risk, taxes, and costs. Tax-efficiency, liquidity needs, estate planning and wealth transfer issues can be important issues for many investors. The solution often resides in the proper arrangement of assets and the ability to transfer risk.
Retirement Income Planning
But, retirement planning is about more than simply saving – having the right Social Security strategy is critical – and it can mean the difference of possibly hundreds of thousands of dollars over a lifetime.
IFG planning is collaborative. You will be involved in every step of the financial planning process to ensure your plan is one you can embrace. Your plan is the blueprint for reaching long-term financial goals. The IFG planning platform, powered by PIE Technologies, is considered industry-wide, as one of the most robust and sophisticated tools available today. Clients have full access to their plans 24/7. They can test, save, and even download.
The alignment of business strategy with the owner’s personal life and financial goals can be critical to long-term success. So, it’s no surprise that retirement planning for business owners would include issues such as key employee retention and succession, possibly executive compensation, and, most certainly, business valuation not just for a sale or succession, but for strategic reasons, as well.
Indeed, every business decision can impact the value of the business, yet few business owners track business value, thinking valuations are too expensive – something you do ONLY when it’s time to sell. The fact is, done correctly, business valuation should be a ongoing process that helps an owner track and understand exactly where, and how, the business is trending. Succession planning, business valuation, equity transfer and succession issues are just a few of the issues that can be addressed by IFG and our independent strategic partners.
Using your plan as the blueprint, IFG will develop asset allocation strategy and investment policy statement (IPS), which outlines the criteria and master plan for the investment process which can include developing tax efficient investment strategies, analyzing the impact of concentrated positions on overall portfolio, searching, screening, and selecting investment managers or appropriate investments, providing for independent reporting, and a process for ongoing monitoring of investment performance.
The process of navigating a course to achieve your financial goals is similar to that of a ship’s captain navigating a ship across a vast ocean. Just as the ship’s captain must navigate currents and weather, investors must contend with their own set of external risks: Inflation, interest rates, legislative (tax), market, and various business risks. No one can control the stock or credit markets. The same is true of the economic environment, let alone government monetary or fiscal policy and legislation; but all those changes can be navigated with a long-term focus, discipline, and an understanding of the things that can be controlled: Risk, taxes, and costs.
Budgeting and Cash Flow Analysis
One of the biggest challenges for many is managing cash flow in order to support the required personal spending needs and still meet the short and long-term goals of the investor. IFG’s process and available technology can help optimize the opportunity for success.
For business owners: One of the biggest challenges for an entrepreneur is managing the cash flow of the business so it supports the sustainability of the business as well as the personal spending needs of the owner and structuring the financing needs of the business for expansion.
Risk Management and Mitigation
Whether it is protecting against an unforeseen loss of income or replacing wealth earmarked for charitable giving for wealth transfer, IFG has the resources to help clients put tax-efficient financial strategies in-place to achieve financial objectives and sleep at night.
State of the Art Technology and Tools
IFG utilizes some of the most sophisticated tools available in the financial industry. The planning platform we use for our clients, powered by PIE Technologies, was ranked #1 for the third consecutive year in a Financial Planning magazine survey of advisors across the United States. Dynamic data feeds keep a wide variety of inputs constantly updated and IFG clients have 24/7/365 access as well as complete control.
Sophisticated, Prudent, Investment Management
IFG clients have access to virtually the entire investment universe of investment choices, including institutional-level asset management in separately managed accounts, including tax-managed institutional managers. For some accounts, low-cost index mutual or exchange-traded funds (ETFs) are recommended. IFG utilizes only no-load, no-commission investment solutions and does not receive commissions or any other compensation of any description from third party investment product or service providers. Where insurance tools or solutions are required by the client, compensation is derived from the insurance company rather than annual advisory fees on those assets.
Clients have 24/7/365 access to their financial plans and all investment accounts in both individual and consolidated formats, as well as up-to-date tax and performance reporting direct from their custodial institution.