Our Services

Our Planning and Investment Philosophy

Since its beginning in 1989, Carmichael Hill has been a fee-only advisory firm. Working with fee-only advisors allows you to have confidence that our advice is based on what makes sense for you, and not influenced by commissions or other compensation designed to benefit only us. Working with a fee-only advisor creates a partnership: our success depends on your success. Being free from conflicts of interest allows us to focus on each client’s unique circumstances and goals. We enjoy long-term relationships with our clients, some of whom are third generation. If you choose us to be your financial planners, we will work together to design a financial road map to help you reach your financial goals and objectives.

Our approach to portfolio management is based on your investment objectives, preferences, and constraints as well as your risk tolerance and situation. We provide value by setting realistic objectives, effective allocation of assets, and objective selection of investments within asset classes. Once implemented, we conduct systematic reviews and re-balancing.

We believe that asset allocation is the most determinative factor of risk and reward. When planning your financial future, we encourage thinking of risk as not just losing money, but also losing financial and personal opportunities; and of reward as achieving financial independence for your life goals in addition to making money. Some clients define reward as accepting a higher degree of risk to maximize portfolio returns; for others deciding how much is “enough” and how to achieve that goal is a large part of reward.

Financial Planning

Investment Planning

Retirement Planning

Tax Planning

Education Planning

Estate Planning

Insurance Planning

Small Business Benefits Planning

 

Financial Planning

Financial Planning is a series of steps that help you define and accomplish your goals. First, we gather and analyze data about your income, expenses, taxes, insurance coverage, retirement plans, wills, trusts, investments and other information pertinent to your overall financial situation. We then help you set realistic goals. To reach your goals, we prepare a list of recommendations with alternate strategies. Each strategy will be recommended in the context of other strategies to achieve a coordinated overall result. Once you decide which recommendations to follow, we will help you implement those decisions and continue to review and revise the plan, as needed.

Investment Planning

When selecting among investment choices to implement your financial plan, we focus on your unique situation and goals, risk tolerance and tax considerations. Next, we diversify investments into different asset categories. Your investment plan should reflect your investment goals, minimum level of return needed to achieve those goals, any specific investments to be excluded or included, portfolio percentage for each investment, timeframe for acquiring and holding the assets, and how much to keep in cash.

Retirement Planning

We help you define your retirement objectives, then calculate how much money will be needed over your expected retirement lifetime taking into account taxes and inflation. Our next step will determine how much, if any, additional money you`ll need to save through personal investments to fund that portion of your monthly income not provided by Social Security and any pension. Based upon the amount of retirement income desired, we develop an investment plan that takes into consideration your risk tolerance, inflation and tax planning needs. Our objective is to help you obtain the financial independence desired during retirement while potentially enhancing return and protecting capital.

Tax Planning

We can work closely with your tax professional to coordinate your overall tax planning efforts. We want our clients to take advantage of any favorable tax treatment to which they are entitled. Proper tax strategies need to be implemented early in the year for maximum benefit. Decisions you make today can affect your tax bill next year and beyond.

Children’s Education Planning

We will work with you to choose among education planning options and investments for your children or grandchildren. Depending on how many years you have to save, there are several investment strategies for accumulating funds for education. Based on your unique situation, we will help you decide among the new education IRAs, state 529 plans, tax credits, retirement plans, uniform gifts/transfers to minors, and student loan programs.

Estate Planning

Anyone who owns assets has an estate. You should develop an estate plan to ensure that current and future assets will be distributed to beneficiaries with maximum ease, minimum costs, and in accordance with your wishes. We provide estate planning advice after reviewing your current situation and objectives. We will work closely with your estate attorney to structure your plan. We can assist your heirs in accordance with your instructions and our knowledge of your financial plan.

Insurance Planning

We can review your insurance coverage to determine your needs and help you decide among competing policies and companies. Your current insurance coverage may no longer be meeting your needs. Sometimes it is not a question of having enough, but a question of having the right kinds. We do not represent any insurance company.

Small Business Benefits Planning

We help business owners make good choices when selecting employee and executive benefits. We can help you find ways to protect the equity in your company, reduce your tax liability, increase your benefit dollars, preserve your estate, and attract and retain employees. We can design and manage retirement plans, executive benefit plans, investment strategies, financial education for employees, and employee benefit communication.