Wealth Management Services
At Lofy Group Wealth Management, we see the big picture.
Managing portfolio assets is crucial to wealth management, but a successful strategy includes everything that has a financial impact on a person’s life. It is customized for your needs, desires and life circumstances, and is monitored and adjusted as circumstances change.
Comprehensive Personal Financial Planning
Our advisors’ comprehensive approach to wealth management focuses all aspects of your financial life into one cohesive plan—a plan that empowers you to pursue your goals and aspirations. We analyze and create encompassing strategies for areas such as:
- Investment Management
- Retirement Planning
- Estate Planning
- Education Planning
- Legacy Planning
- Asset Management
- Risk Management
Insurance
Insurance is a powerful tool that can be used to transfer risk and leverage money. It has unique capital creation features and tax advantages. If used properly, it can help address a host of personal and business problems.
Used properly, insurance must match the risk to the precise tool, at an appropriate cost. Lofy Group Wealth Management has insurance agents, including for life, disability, and long-term care insurance. We only recommend insurance to fulfill specific needs, evaluated on the basis of cost versus benefit.
Annuities
Annuities are, very generally speaking, contracts between an investor and an insurance company, wherein the investor contributes money into the annuity (the accumulation phase), and the insurance company agrees to distribute money back based on certain timing or events (the distribution phase).
We believe that annuities are oversold and may not be understood by most consumers. Our investment representatives offer annuities, but we recommend them only to fulfill specific needs, evaluated on the basis of cost versus benefit.
Annuities are long-term investment vehicles designed for retirement purposes. Gains from tax-deferred investments are taxable as ordinary income upon withdrawal. Guarantees are based on the claims paying ability of the issuing company. Withdrawals made prior to age 59 are subject to a 10% IRS penalty tax and surrender charges may apply.
Group Benefits
Lofy Group® provides its business clients with a wide range of employee benefit products and consulting services. Each client’s specific goals and objectives are used to formulate an employee benefit package that enhances the organization’s ability to attract, reward, and retain its employees. In addition to the traditional employee benefits, we also bring creative solutions and products to address your unique challenges.