Savant Wealth Management
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Financial Planning Services for Individuals

A Comprehensive Approach to Customized Financial Planning

Planning is essential to achieving your financial goals and building confidence in your future. A strong financial plan serves as a road map to guide decisions, measure progress, and navigate both expected and unexpected life events. 

At Savant, we provide comprehensive financial planning services for individuals designed to align your financial decisions with your long-term vision. Our team also offers financial planning consulting services to help guide more complex decisions and evolving needs. Our approach focuses on providing customized financial planning that adapts to your unique circumstances, priorities, and goals. 

We begin with an objective and thorough review of your financial situation. Similar to an annual physical with your doctor, our advisors first diagnose your current state before recommending strategies. Through Savant’s proprietary Ideal Futures® Financial Health Assessment, we evaluate key areas of your financial life and develop wealth planning strategies tailored to your needs. 

This process helps determine whether you are using the full range of available tools and opportunities. It also supports more informed decision-making and can strengthen alignment between your financial resources and long-term objectives. 

Financial Planning

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Your Ideal Future

10 Key Financial Planning Disciplines

Our proprietary assessment and process cover 10 key financial planning disciplines, providing a comprehensive financial planning service designed to evaluate your current state. This structured approach helps prioritize which aspects of your financial situation need attention and supports the development of customized financial strategies within each discipline. 

Savant’s Ideal Futures® Financial Health Assessment serves as a diagnostic tool to determine whether you are leveraging all available financial strategies and opportunities. This process provides a holistic view of your financial life, helping identify unnecessary risks and prioritize the most impactful actions to align your decisions and assets with your long-term goals. 

Health and Well-Being

The state of your health and well–being can affect whether you reach and enjoy your goals. Identifying risks related to disability, along with your mental and physical health, helps build a plan that can illustrate strategies to support your well–being now and in the future. 

Retirement Planning

Without a well-designed retirement plan, it may be challenging to maintain your lifestyle in retirement. Designing an appropriate retirement strategy involves reviewing savings, income sources, and cash flow, and optimizing distributions from your investment portfolio (if already retired). By formalizing your retirement plan, you can gain clarity to determine whether you are on track to live the retirement you want. 

Risk Management and Asset Protection

If you don’t have appropriate insurance, you may not be efficiently protecting the people and things that are important to you. Maintain an appropriate amount of insurance by regularly evaluating your needs, policy types, coverage amounts, beneficiaries, and other factors to help protect you when you encounter obstacles and detours on the way to your ideal future. 

Debt Management

Debt can hinder you from achieving your long-term goals. While debt can be a prudent financial tool, it can cause significant financial distress if you don’t manage it properly. With a strategic plan, you can understand how much debt you can afford, how to use debt in a tax-efficient way, and whether the terms and rates are appropriate for your financial situation. 

Education Planning

If putting your children or grandchildren through higher education is important to you, you’ll want to take advantage of all available education planning strategies while you’re balancing saving for retirement. An education plan helps you assess how much it may cost in the future and determine the best ways to fund this expense in a tax-efficient manner. 

Income Tax Planning

Tax advice is not the same as professional tax preparation. Tax advice involves working with a knowledgeable advisor to proactively look for strategies designed to minimize current and future tax liabilities. Optimizing your tax situation is an important part of a well-designed financial plan, helping you pay no more taxes than the law requires. 

Investment Planning

A sound investment strategy aims to help you make sufficient returns to meet your goals while not taking excessive risk that can cause needless anxiety. Specifically, a well-executed investment plan reviews the appropriate amounts of risk, builds a well-considered portfolio allocation, mitigates taxes, benchmarks performance, evaluates overall costs, and plans for liquidity needs. 

Charitable Planning

An optimized giving plan can help you leverage your charitable giving to create impact for the organizations and causes you care about. Being deliberate with your giving can help your philanthropic strategies align with your values and goals, while also identifying opportunities to reduce current and future income and estate taxes. 

Business Planning and Succession

If you’re a business owner, you should integrate your business plan with your personal financial plan. The two plans should align so that both are working together toward achieving your long-term goals. Your business will likely affect all the other areas of your financial life, so coordination is critical. For business owners who need dedicated support, Savant Accounting and Business Advisory offers succession and transition planning as a standalone service. 

Estate Planning and Administration

If you die without an estate plan, your family may end up paying needless tax and legal bills, while your estate becomes a matter of public record. An estate plan can help distribute your assets in a manner that perpetuates your values, protects your heirs, reduces estate taxes, diffuses family conflict, and simplifies estate administration for your family. 

Frequently Asked Questions About Savant’s Financial Planning Services

What are Savant’s financial planning services?

Savant’s financial planning services aim to help you evaluate your current financial situation, define your goals, and build a strategy to pursue them. These services bring together key areas of your financial life into a coordinated plan that evolves as your needs and priorities change. 

What is financial planning, and how does it work?

Financial planning is a structured process that helps you evaluate your current financial situation, define your goals, and create a strategy to pursue them. It works by analyzing key areas of your financial life and developing a plan that evolves over time to help keep you aligned with your long-term objectives. 

What does financial planning include?

A financial plan typically includes an evaluation of your income, expenses, investments, taxes, retirement goals, and risk management needs. It brings these elements together into a coordinated strategy designed to help you make informed decisions and stay on track. 

Why is financial planning important?

Financial planning is important because it provides clarity and direction for your financial decisions. It helps you prepare for both expected and unexpected life events, measure progress toward your goals, and make adjustments as your circumstances change. 

When should you start financial planning?

You can start financial planning at any stage of life, but starting earlier can allow you to take full advantage of long-term opportunities and build a stronger financial foundation. Regardless of when you begin, having a plan in place can help you make more confident and informed decisions. 

How do you know if your financial plan is working?

You can determine whether your financial plan is working by regularly reviewing your progress toward your goals and adjusting your strategy as needed. Tools like financial assessments and ongoing reviews help identify gaps, measure performance, and keep your plan aligned with your evolving priorities. 

What do individual financial planning services include?

Individual financial planning services cover the 10 disciplines above: health and well–being, retirement, risk management, debt, education funding, income tax planning, investments, charitable giving, business interests, and estate planning. For an individual, the value is in evaluating those areas together rather than one at a time, so a decision in one does not quietly work against another. 

Please Note: Limitations. The scope of any financial planning and consulting services to be provided depends upon the terms of the engagement and the specific requests and needs of the client. Savant does not serve as an attorney or insurance agent. Savant does not prepare legal documents, nor does it sell insurance products. If the client engages us to do so, Savant can provide tax preparation services as discussed in Savant’s written disclosure brochure ADV Part 2A (see website footer) per the terms and conditions of a separate engagement and fee.

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