Independent, Fiduciary, Comprehensive Financial Planning and
Wealth Management Services
Individuals and Families
At Seva Wealth Management, we provide independent, fiduciary, comprehensive financial planning and wealth management services for individuals, families, business owners, and nonprofit leaders. Our services cover every stage of your life — from building wealth and planning for retirement to protecting your legacy. For business owners and nonprofits, our services include managing business or organizational assets, setting up retirement plans and benefits, and protecting the business from unexpected losses.
We care deeply about you and your financial and overall well-being, and that of your business or organization. We are your trusted guide for navigating the financial world and helping you to take the steps needed to attain the financial and life goals that are important to you.
To do this, we work closely with you to develop a comprehensive financial plan that outlines your shorter- and longer-term goals and a workable plan for how to achieve them, through personalized investment strategies and tools for managing risk.
Individuals and
Families
1. Personalized, Comprehensive
Financial Planning Services
We will help you to move confidently toward your goals and to greater abundance and freedom, by:
• Learning your goals and personal financial situation very well
• Developing a saving plan with you and helping you to invest these savings in the best strategies for reaching your personal goals, while managing your unique set of risks
• Planning for and managing your tax burden, to reduce the amount of taxes you pay and optimize your savings throughout your life, through tax-efficient portfolio management
• Helping you to navigate important life transitions that can carry financial uncertainty, such as marriage, career changes, your kids’ or your own education, divorce, and retirement
In this context of comprehensive financial planning, we provide a wide range of services to help you navigate and streamline your wealth journey, providing clear guidance and personalized solutions in the following areas. We foster open communication and build strong, long-lasting relationships with our clients and their children.
Start your personalized, comprehensive financial planning process today!
2. Lifestyle Planning,
Budgeting, and Cash Flow
We will help you to balance your current income and expenses and what you need for living well now and in the near future, with saving for longer-term goals like retirement and leaving a legacy to the ones you love. Services we provide in this area include:
- Guiding you about the importance of long-term investing in parallel with enjoying your life now and saving for your shorter-term goals
- Helping you to understand and manage what you OWN, what you OWE, what you EARN, and where does it GO, as well as your particular set of risks
- From these, helping you to know and track your net worth and cash flow, or ability to save for the life you want
- Helping you to build an emergency fund to protect you and your family in the event of a short-term loss of income
- Working with you to set goals and plan for large expenses like purchasing a home, paying for a wedding, starting a business, or covering educational expenses for your kids or yourself
- Assessing your ability and willingness to save, and helping you to determine how much to save and invest toward important longer-term goals like retirement and legacy-building, and how much toward shorter-term goals that are also important to you
- Ensuring that your savings for shorter-term goals are in appropriate saving and investment vehicles that manage risk, given the shorter timeframe for growth, and that you will need to access these funds in the near future
Schedule a financial health check-up
3. Independent, Fiduciary Investment
Planning and Management
Strategically investing your savings while managing risk is critical to reaching your shorter- and longer-term financial goals, and for building and preserving wealth. We guide you in strategically investing your assets based on your unique goals, time frame for investing, risk tolerance, and risk capacity, through the following services:
- Identifying your shorter-and longer-term goals, in order to tailor specific and appropriate investment strategies to meet them
- Reviewing your current portfolio
Designing an optimum, portfolio specifically for you, with strategic asset allocation that is tailored to your:
- Time horizon for needing to use various tranches of funds
- Risk tolerance specific to your different tranches of funds – how much potential loss you are comfortable taking in order to be able to have gains in your investments
- Risk capacity – your financial capacity to withstand potential losses in your investments without jeopardizing your overall financial situation
Investing your assets in one or more of the following types of accounts, based on how to best meet your particular goals:
- Roth IRAs and backdoor Roth IRAs
- Traditional IRAs
- Rollover IRAs from company or organizational retirement accounts such as 401(k)s, 403(b)s, and 457(b)s
- Individual and joint brokerage accounts
- Business brokerage accounts for LLCs, S-Corps, and C-Corps
- SEP IRAs, SIMPLE IRAs and Solo 401(k)s for small business owners and self-employed persons
- Trust Accounts
- Non-profit and foundation brokerage accounts
- Custodial Accounts – UGMAs and UTMAs – Uniform Gift to Minors Accounts and Uniform Transfer to Minors Accounts
- Guardianship Accounts
- Ensuring that your portfolio is designed and managed in a tax-efficient manner, to minimize unnecessary taxes
- Diversifying your investment portfolio to match your risk tolerance and safeguard against market volatility and economic changes
- Investing your funds in assets that outpace inflation while aligning with your risk tolerance
- Investing your funds in a way that aligns with your personal values, such as ESG (Environmental, Social and Governance) considerations and Islamic/Halal Compliance
- Helping you to manage and diversify your employee or executive Restricted Stock Units (RSUs) and other executive compensation strategies such as stock options and performance shares, to reduce single stock and concentration risk
- Helping you to manage donor-advised funds for charitable giving
- Ensuring that your accounts are titled appropriately and have the appropriate ownership structure, and that your desired beneficiary designations are in place and up to date, to ensure that your assets go to your intended beneficiaries when you pass away
- Dynamic investment management that adapts to macroeconomic shifts, as well as changes in your personal situation and risk tolerance
- Periodic portfolio rebalancing to ensure that your investments continue to represent the plan that we have outlined for you.
- Helping you to manage withdrawals, including required minimum distributions (RMDs) from your retirement accounts
- Investment planning for windfalls – unexpected, significant gains of money – and liquidity events such as the sale of a business
- Keeping you informed about the performance of your accounts on a quarterly basis.
- Monitoring your outside accounts
Explore independent, fiduciary investment planning with us
4. Retirement and
Legacy Planning
A well-planned retirement will give you confidence as you head toward retirement, and freedom to live the life you want when you are no longer working. Saving for your retirement throughout your working life is essential for gaining such confidence and freedom, and even more important if you wish to leave assets to the people and causes you love.
- We develop a personalized, structured retirement plan that you can begin implementing now, to ensure the type of retirement you want and the legacy you want to leave, through these services:
- Understanding what type of retirement you would like, what you would like to be doing in retirement, such as travelling or taking on new hobbies, and what level of income you will need to support such a lifestyle, adjusted for inflation
- Determining how much, if anything, you would like to leave to the people and causes you love
- Determining how much saving you will need to do now to support your desired lifestyle in retirement, and to have the assets left at the end of your life that you would like to leave to the people and causes you love
- Assessing your current financial position and how close you are now to your retirement goals
- Developing a personalized retirement plan that takes you from your current situation to your desired level of retirement savings, by growing your retirement funds through a variety of saving, investment, and risk management strategies
- Analyzing and managing your investments to optimize your long-term savings while managing risk, minimizing your tax burden over your lifetime, and accounting for inflation
- Projecting your income in retirement to account for all sources of income, from your investment accounts, social security payments, and any pensions and annuities you may have
- Regularly assessing the likelihood of success of your retirement plan using Monte Carlo projections, which randomly test your plan in numerous potential future market conditions
- Identifying and helping you to purchase annuities, when appropriate
- Facilitating IRA contributions and Roth conversions
- Providing tax analysis to determine the best sequence for taking withdrawals from your investment accounts in retirement, to reduce capital gains and income taxes
- Ensuring that you take your Required Minimum Distributions (RMDs) from traditional IRAs, 401(k)s, 403(b)s, and 457(b)s
- Assisting with long-term care planning, charitable giving, and estate-planning
- Establishing retirement plans for businesses, self-employed persons, and nonprofit organizations and foundations
Explore how we can help you with your retirement strategies
5. Strategic Tax
Planning
We will help you to reduce the amount of taxes you pay over your lifetime, which can have a significant impact on your ability to accumulate life-long wealth and leave a legacy to the ones you love. Our tax planning services include*:
- Pre- and post-tax investment planning: We help you determine when and how to invest your pre-tax dollars, such as in traditional IRAs and 401(k)s, versus your post-tax dollars, such as in Roth IRAs and brokerage accounts. This helps you reduce the taxes you pay over your lifetime, and maximizes the growth of your assets.
- Income tax planning: We help you to plan ahead for various types of income, such as from dividends, interest, capital gains, annuity income payments, retirement benefits, and inheritances, each of which has specific tax implications. We help you to position yourself whenever possible in vehicles that carry lower tax burdens.
- Tax-efficient retirement planning: We help you to structure your retirement income distributions in ways that reduce taxes, stretch out your savings as long as possible, and maximize your monthly retirement income.
- Legacy and estate planning: We help you to build strategies for transferring your wealth to your intended beneficiaries in the most tax-efficient way, to eliminate or reduce the taxes they will have to pay on the funds they inherit from you.
Depending on the complexity of your financial situation, we may re review your tax return annually and use it to identify opportunities, such as:
- Optimizing benefits if you are a W-2 employee
- Helping you to strategically manage your capital gains
- Assisting you with income deferral strategies if you are a business owner
- Guiding you on charitable giving, its tax implications, and how to maximize your tax advantages while giving
- Determining the optimal sequencing of retirement distributions if you are a retiree
- Guiding you about how to keep your retirement income below the thresholds at which you would face additional charges for Medicare Part B and D premiums, when applicable
- Guiding you in strategic family gifting, to help you stay within the annual and lifetime gift tax exclusions
- With your permission, and when your CPA also agrees, we will collaborate with your CPA in order to optimize your investment growth and tax efficiency.
- We provide tax mitigation guidance year-round, not only during tax season.
*This information is not intended as a substitute for personalized legal or tax advice. We suggest that you discuss your specific situation with a qualified legal or tax advisor.
Explore strategic tax planning today
6. Education Planning
In addition to planning for and investing in your own financial success, as a parent, you may also wish to help your children be more successful in life by planning and investing for their future education. Given the high cost of higher education, and that its costs are rising about twice as fast as the cost of other common goods and services, starting a college savings plan for your children as early as possible will help you to be better-equipped to assist them when these costs come due, without unbalancing your own financial situation at that time.
You may also wish to plan and invest for your children’s primary or secondary education, or own future education goals. We help you create customized education funding strategies for your children and yourself that align with your overall financial goals, through the following services:
- Understanding the education goals you have for your children, at what type of educational institution you would like to support their studies, and what portion of the total costs you wish to cover for them
- Projecting the costs of this support, how much you would need to have saved by the time your child begins the study program, adjusted for the high inflation rate specific to higher education, and how much you would need to save monthly to get to these levels
- Understanding your own education goals, timeframe for staring your study program, projected costs of the program, and how much you need to save to get ready for it
- Providing a customized education plan that aligns with your comprehensive financial plan and guides you to the best and most tax-efficient vehicles for education savings. These could include 529 Plans, Coverdell Education Savings Accounts (ESAs), and Custodial accounts
- Strategically allocating and managing your education investment accounts to maximize growth and manage risk, according to your risk tolerance and the timeframe for your children or you to start the study programs
Explore education planning today
7. Strategic Risk Management
and Insurance Planning
Strategic risk management and insurance planning helps to safeguard your wealth, reduce risk, and support your shorter- and longer-term financial stability. As part of our personalized, comprehensive financial planning process, we assess the risks to your own and your family’s financial well-being, and to your ability to save and invest for your shorter-and longer-term goals in the event of a disability, passing away early, or needing long-term care. We will also assess your risk of, and personal concern about, running out of money during retirement, which is often mitigated through annuities.
We will analyze any existing insurance products and annuities you may have, and how well and efficiently they are serving you and providing the needed protection. If we deem that an insurance or annuity product is in your best interest and will play an important role in your comprehensive financial plan, we will research and identify the most beneficial and cost-efficient policies among the many possible plan features and insurance providers in the market.
Possible insurance products that could be included in your personalized, comprehensive financial plan include:
- Disability insurance
- Term life Insurance
- Permanent/whole-life insurance – fixed, variable, variable universal life (VUL), universal life (UL), and indexed universal life (IUL)
- Long-term care insurance
- Annuities – fixed and variable
- See the Annuities and Insurance Primer in the Resources section for explanations of these products (provide link to the Primer)
We provide the following services related to risk management and insurance planning:
- Review of existing policies
- Needs and suitability analysis for disability insurance, life insurance, long-term care insurance, and annuities
- Establishing Health Savings Accounts
- Medicare advice and referral to Medicare insurance brokers
If you are a business owner, we may suggest insurance products to protect your business from the sudden loss of an owner or a critical employee due to death or disability:
- Buy-sell agreements
- Key person insurance
- Disability insurance
Explore insurance and annuities planning today!
8. Legacy and Estate Planning
A clear, legally valid, and up-to-date estate plan ensures that your family will be supported after you pass away, and that your wealth goes as you intended, to your loved ones and the organizations and causes you wish to support. Without such a plan, your assets may be subject to probate court, unnecessary taxes, and the actions of unintended recipients or people who did not understand or value your intentions. We help you to create a clear, legally sound legacy strategy that protects your loved ones and honors your intentions and values, through the following services*:
- Ensuring that your investment accounts are property titled and have the appropriate ownership structure, and that your beneficiary designations are in place, up-to-date, and aligned with your intentions regarding who should receive your account assets when you pass away
- Reviewing your existing estate plan and documents, such as trusts and wills
- Helping you to understand the basic estate planning documents and what they do – wills, trusts, durable power of attorney, advance healthcare directive (living will), beneficiary designations, and guardianship designations
- Helping you to build an estate plan through a partner organization or referral to a local attorney, if you don’t already have an estate plan in place
- Partnering with attorneys and corporate trustees as needed to implement or design trusts, manage complex estate plans, and identify areas of opportunity
- Helping you to minimize estate taxes
- Facilitating your charitable giving
*This information is not intended as a substitute for personalized legal advice. We suggest that you discuss your specific situation with a qualified estate attorney.
Explore legacy planning today!
9. Plan Adjustments and
Annual Reviews
We prioritize building strong relationships with our clients, through open and meaningful communication, regular interaction, transparency, and addressing your financial inquiries or concerns as they come up. We will adjust your plan regularly as you make progress toward meeting your goals, and as your financial situation changes throughout the year.
Please reach out whenever you have a financial question or concern, and whenever there has been a material change in your financial situation. This will help us to adjust your personalized financial plan as needed, and ensure that it’s always up-to-date and actively steering you toward your goals. Material changes could be any of these, and many more:
- A change in your employment or income
- A significant reduction of, or addition to debt
- Getting engaged or married
- Buying or selling a home or other large asset
- Expecting a child, and the birth of a child
- Initiating or finalizing a divorce
- The loss of a family member
- Expecting or actually coming into an inheritance
- Any other significant financial or life change not mentioned above!
If we have not already updated your plan due to material changes such as these that you reported during the year, we will reach out to you at least once a year to review and update your comprehensive financial plan.
Let’s see if we are a good fit for working together!
Our ServicesBusiness Owners,
Nonprofits, and Foundations
Starting a business or organization is exciting and allows you to provide massive value to your community. We help you to align the vision you have for your business or organization with sound financial strategies, to ensure long-term resilience, growth, and success. We help your business or organization with:
- Independent, fiduciary investment planning and management
- Retirement plans for you and your employees
- Group employee benefit plans
- Financial education for you and your employees
- Insurance products to protect you and your business
We help you to strengthen your organization, meet your own goals, and enable your employees to meet their goals, through:
- Planning for and managing your company or organizational investments, to align with your business or organization’s mission and values
Setting up the best type of retirement plan(s) for you and your employees, which could include:
- SEP IRAs*, SIMPLE IRAs**, and Solo 401(k)s for small businesses and self-employed persons
- 401(k) Plans for businesses
- 403(b) and 4579(b) plans for nonprofits and foundations
- Profit-Sharing Plans
- Defined Benefit Plans
- Cash Balance Plans
- These retirement plans will help you to grow your own retirement funds, attract and retain the best employees to support your business or organization, and improve employee participation and engagement in the success of your business or organization
- Guiding you and your employees to invest in the best strategies for reaching your respective goals, within and beyond your company or organization’s retirement plan
- Providing financial education to your employees, to give them more confidence and strength to plan for their and their families’ futures
- Buy-sell agreements, key person insurance, disability insurance for business owners, and COLI (Corporate Owned Life Insurance)
- Group Disability and Life Insurance for you and your employees
* SEP IRAs: Simplified Employee Pension IRAs
**SIMPLE IRAs: Savings Incentive Plan Match for Employees (SIMPLE) IRAs
Explore planning for business or organization today!