Our Process
What is Wealth Management:
Our advisors use a comprehensive process to help clients meet certain goals: making intelligent decisions regarding their money, minimizing their taxes, taking care of their heirs, and making sure their assets are passed to the people or organizations of their choosing.
Investment Management/Wealth Preservation:
No matter where you are in your investing life, investors are always concerned about losing their wealth. Wealth preservation is not just about losing your money, it is also about having enough money to enjoy the different things in life-simple or lavish.
Tax Mitigation:
Over the years, our clients have expressed their concern regarding minimizing taxes. Taxes can and will erode a large portion of your wealth while having a direct impact on your cash flow. Mitigating capital gain taxes along with estate taxes are high on client’s concerns
Wealth Management:
Managing one's wealth takes on many different looks: safeguarding one's income from an unexpected disability or an untimely death, identity thieves, potential creditors, or a catastrophic loss. This means our clients control their risks by utilizing different controlling processes, such as: buy-sell agreements, different insurance programs, as well as restructuring various assets and considering legal forms of ownership-like trusts and limited liability entities. These forms of ownership would help put clients’ assets beyond the reach of creditors and other parties trying to take it.
Transferring One’s Wealth:
Effectively transferring one’s wealth, to their heirs, is finding and implementing the most tax-efficient means of passing assets in ways that meet the client’s wishes with minimal difficulty while controlling cost. Given today’s tax environment, families need to be proactive in how they would like to pass their wealth if they want their heirs to receive that wealth to the fullest extent possible.
Deferred Compensation and Ohio Pension Plans
Security Benefit 457(b) Deferred Compensation Plan
Security Benefit’s deferred compensation program has many benefits available to the employee:
Diversified investment options
Nationally recognized fund managers
• Continuous improvement process — an independent party regularly monitors investment options to ensure they are meeting established criteria and works to improve the choices available by removing and replacing funds if they fail to meet those guidelines
• Personalized, local participant service from a financial professional with Hogsette Financial Group, LLC.
• No sales loads — participants can take withdrawals without a sales charge for qualified distributable events
(e.g. retirement, separation of service)
• Contributions made on a pretax basis
• Roth contributions may also be available
• Contributions plus earnings grow tax-deferred
• Your contributions are immediately vested
Website link: New Participants: https://www.securitybenefit.com
Existing Participants: https://www.securityretirement-dst.com
Hanlon Investment Management
Hanlon Investment Management is a third party money management firm, located in New Jersey, that offers a unique wealth management service by providing a coordinated investing process designed for our 457 participants. This optional program allows 457 participants the opportunity to hire a professional management firm to manage their deferred compensation assets under various investment styles like Strategic, Dynamic, and Tactical that are employed at an additional competitive cost. For more information, please discuss this unique opportunity with your dedicated advisor.
Ohio Police & Fire Pension: https://www.op-f.org
Ohio Public Employees Retirement System: https://www.opers.org
Hanlon Investment Management, Hogsette Financial Group and LPL Financial are separate entities.
Deferred Retirement Option Program
The Deferred Retirement Option Plan (DROP) is an optional benefit that allows eligible police officers and firefighters to accumulate a lump–sum of money for retirement. Senate Bill 134, which was signed into law in 2002, has enabled Ohio Police and Firefighter members to enroll in DROP since 2003. Enrolling in DROP is a voluntary decision that members can make after they have satisfied their normal service retirement qualifications. The member’s decision should be made after careful consideration of their own individual situation.
For more information regarding DROP, please visit the Ohio Police & Fire Pension Fund’s website. There you will find helpful information pertaining to your personal situation along with the DROP Calculator. Their website is: www.op-f.org
You Deserve Your Own Financial Strategy
No two people are the same, so why would you want someone else's financial strategy? After all, with different careers, life path, and goals, you need advice tailored to your situation. That's why we seek to simplify the complex, while also providing a level of service rarely seen in the financial industry.
Comparing Investments
Understanding Extended Care
