ServicesTAX PLANNING & PREPARATION
Our principals view tax planning and preparation as a core component of the firm’s comprehensive service offering, which is why all of Sangam Investments advisors are also taxation experts. We prepare tax projections for all the clients so that we can be proactive and take advantage of any tax saving opportunities that may exist.
Sangam utilizes its expertise and integrated approach to fully understand each client’s financial goals and plan their tax strategy accordingly. Through efficient tax planning, we can effectively increase a client’s overall financial return and reduce total tax outlay.
When Sangam structures the investment strategy for an individual, partnership, estate or trust, our advisers incorporate a financial planning perspective in conjunction with income and estate tax implications. The result is a unique approach that offers tax minimization, reduced complexity and increased financial opportunity.
LIFE INSURANCE ANALYSIS
Maintaining the appropriate level of the insurance is an often overlooked component of the wealth management planning process. At Sangam Investments we realize that suitable insurance coverage may become critical at a moment’s notice. This is why we provide clients with a thorough life insurance analysis and monitoring service that is tightly coordinated with our comprehensive estate planning program. Sangam leverages our understanding of each client’s estate and tax strategies to assist them in evaluating current policies and selecting the most appropriate insurance levels, products or services.
As part of our wealth management services, Sangam maintains information that is pertinent to a client’s finance and tax matters. This data enables to offer a unique service to the clients and a far simpler way to finance a new home purchase, obtain a second mortgage, and/or refinance an existing mortgage.
We accomplish this by tracking a client’s existing loan(s) against the best rates available. When a refinancing opportunity arises that could save client’s money, we notify them immediately. When the time comes to utilize this service, Sangam accesses a client’s records to fill out the necessary loan paperwork and submit it on a client’s behalf, saving them timely, simplifying the process, and potentially reducing their monthly cash outlay.
Asset allocation is the process of selecting a mix of asset classes that closely matches an investor’s financial profile in terms of their investment preferences and tolerance for risk. It is based on the premise that the different asset classes have varying cycles of performance and that by investing in multiple classes, the overall investment returns will be more stable and less susceptible to adverse movements in any one class.
All investments involve some sort of risk, whether it’s market risk, interest risk, liquidity risk, tax risk. An individualized asset allocation strategy seeks to mitigate the risks of any one asset class through diversification and balance.
When done properly, an investor’s allocation of assts will reflect his desired goals, priorities, investment preferences and his tolerance for risk. Asset allocation is an individualized strategy, so there really neither is nor perfect mix if assets. Each individual’s strategy is built on the careful consideration of the key elements of their financial profile:
Investment Objectives: What us the investor hopes to achieve using his investment money- improve current lifestyle; achieve capital growth; fund a specific goal, such as a college education.
Risk Tolerance: This reflects the investor’s comfort level with market fluctuations that can result in losses. Inflation risk and interest risk need to be considered as well.
Investment Preferences: An investor may prefer one asset class over another based on a certain bias or interest towards the characteristics of that class.
Time Horizon: The length of time an investor is willing to commit to achieve his objectives.
Taxation: Investing in a mix of asset classes will have varying tax consequences.
Depending on your stage of life, chances are you will have a distinct approach to saving. New graduates or young couples have different needs than retirees or mid-career families. But no matter your personal situation, we can develop financial habits that will lay a strong foundation for your savings.
Younger individuals and couples have a number of benefits in terms of financial management. Low insurance costs and a long investment horizon combined with few responsibilities can make for an excellent financial base. We can help you build on these advantages, while at the same time considering a debt load that might include student loans, car payments or perhaps a mortgage.
Couples planning for a first child enter into a new level of commitment- both personally and financially. Learn how to save for a child through specialized insurance and investment products, such as a Registered Education Savings Plan.
Mid-career professionals typically have higher incomes than younger investors- but they also carry more responsibilities. From mortgage payments to a child’s education, consider a financial plan that balances your needs and obligations.
Retirees have worked hard at their careers, and now is the time for relaxation and celebration. Chances are children have moved from home, the mortgage is mostly paid off and a few investments are coming to fruition. However, income levels may have dropped after retirement. Find out how to manage your finances in a way that allows you to fully enjoy the fruits of your hard work.
In short, no matter what your life stage is, contact us today to learn how to balance savings and investing with your other commitments.