Financial Planning
For Individuals, Families, and Business Owners
A financial plan should address your particular needs for accumulation, wealth management, protection, distribution, and transfer of wealth.
Our process begins with in-depth and honest discussions about your goals. These discussions allow us to gain insight and understanding of what’s important to you. Upon gathering and analyzing the critical data we need, we will provide recommendations to address your short and long-term objectives.
For business owners, we will integrate this type of planning to adequately address your diverse needs.
Finally, we prioritize working as a team alongside your other advisors so that there is coordination among financial, tax, and legal professionals. This allows us to deliver a more cohesive overall plan.
Our financial planning platform, PFG Advisors Wealth Solutions, is customized to you, depending on the complexity of your needs and the plans we implement.
Risk Management
Create a Legacy That Lasts Long Beyond Your Years
For this reason, we thoroughly review your assets, liabilities, and income streams and evaluate your exposure to risk. We then design strategies to help protect the people and things that matter most to you. This way, you will have strategies in place to help you in the event of the unexpected, such as death, disability, lawsuit, loss of critical employees, long-term care needs, etc.
If needed, we will gladly provide an analysis and recommendations for appropriate insurance coverage and an asset protection strategy.
Business Planning
Turn Small Ideas into Big Ones
Financial planning for closely held or family-owned business owners is a uniquely complex discipline.
We address what should happen to your business in the event of death, disability, retirement, or sale. Our strategies are designed to allow owners and key employees to maximize liquidity events or plan for the business's smooth succession.
In addition to addressing business succession, we look at our clients' associated tax planning, estate planning, and asset protection planning scenarios.
We assist our business clients with compensation strategies to help attract and retain key employees. We also design and implement qualified and non-qualified retirement plans and other employee benefits.
Retirement Planning
Gain Confidence in Your Retirement
Whether retirement is far away or on the horizon, it is essential to be clear about what it will take to live out your golden years.
There are two phases to retirement planning. In the first – the accumulation phase – we will work to understand your vision of retirement and determine what it will take to accomplish your goals. Our conversations will help uncover a thorough understanding of the lifestyle you intend to live, your existing and projected resources, your tolerance to risk, and more. In the accumulation phase, you will systematically save toward your goal(s). We will actively monitor your progress and meet regularly to change your strategy as needed.
As you approach the second phase of retirement planning – the distribution phase – we will work with you to develop the most tax-advantageous and efficient strategies for drawing upon your retirement funds.
Wealth Management
Comprehensive Services for Every Stage of Life
We work with individuals, families, business owners, and professionals in various stages of their financial lives. We do not believe in a "one-size-fits-all" solution for managing investment portfolios. We will coordinate and devise a personal wealth management strategy tailored to your needs and objectives.
After carefully measuring your tolerance for risk and aligning this with your growth objectives, we will design a strategy suitable for your situation. These strategies may include asset accumulation or distribution planning, investment strategies, asset protection strategies, and/or estate planning. We have access to sophisticated institutional money management firms through which you can implement your plan.
We will monitor your investments on an ongoing basis and modify the strategy as needed. We typically recommend strategies that use a multi-faceted approach tailored to fit your particular objectives, risk tolerance, and time horizon. They can fall anywhere in the spectrum from conservative to aggressive. Investments may consist of traditional and alternative asset classes that successfully navigate various economic and market environments.
Estate Planning
Protect Your Loved Ones
No matter the amount, the transfer of wealth is always a personal and occasionally complex situation. However, the PFG partners and support staff are experienced in estate planning solutions and business succession.
Recent changes in tax laws may warrant an estate planning review. Reviewing your current estate planning documents will reveal the strengths and weaknesses of your existing strategy.
We will work alongside your existing tax and legal advisors to create the most efficient estate strategy for you and your family. We can also refer you to seasoned professionals in this arena with whom we can partner to help achieve your objectives.
Neither MML Investors Services, LLC nor any of its subsidiaries, employees or representatives are authorized to give legal or tax advice. Consult your own personal attorney, legal or tax counsel for advice on specific legal and tax matters. Estate Planning services are provided working in conjunction with your Estate Planning Attorney, Tax Attorney and/or CPA.
Executive Benefits Planning
Help Your Business Grow and Prosper
PFG Advisors has extensive knowledge of Bank-Owned Life Insurance and Supplemental Executive Retirement Benefits.
BOLI (Bank-Owned Life Insurance) has proven to provide a cost-efficient, effective means for banks to offset rising employee benefit costs, such as supplemental executive retirement, deferred compensation programs, and post-retirement medical obligations—all of which constitute significant expenses for most corporations.
Most banks look for cost-effective, tax-efficient ways to fund employee benefit programs. Purchasing BOLI has become an increasingly common way to accomplish this objective. In a BOLI program, a bank purchases life insurance on a group of highly compensated officers and employees.
The bank pays the policy premiums on whole life products, owns the policies' cash value, and is the designated beneficiary. Before purchasing this insurance, the bank is required by statute to obtain each employee’s affirmative consent to the bank insuring their life. The bank must disclose to each proposed insured employee the beneficiary designation and the maximum amount of insurance coverage under the policy on their life.
Corporate Retirement Plans
Customized Plans for Your Employees
A leader in West Texas, PFG Advisors not only offers individuals a wide range of retirement planning services, but we also have specialized experience working with businesses. Consider us your one-stop 401(k) resource!
We work with corporate clients to customize designs for 401(k), 403(b), Cash Balance, and other retirement plans. We understand that at the corporate level, there are multiple stakeholders in "retirement readiness." Our role is to design solutions that integrate the needs and objectives of owners, plan participants, and the human resources department.
Our team approach gives us the scale to work with small to large businesses and the ability to add value for our clients at every level, no matter your needs or goals.
No matter the size, we evaluate each component of a retirement plan. We discuss plan goals and coordinate the implementation and ongoing service related to the plan.
For TTU Employees
Financial Services for Texas Tech Employees
PFG Advisors is proud to serve Texas Tech University (TTU) and Texas Tech University Health Sciences Center (TTUHSC) employees with retirement plans offered through Lincoln Financial Group.
The two plans we offer are:
1. Texas Tech University Optional Retirement Program (ORP)2. Texas Tech University System Tax-Deferred Account Program (TDA)
We also offer discounted disability income insurance to employees who qualify based on income levels.
Explore the breadth of our services
Texas Tech employees can also benefit from the comprehensive suite of services PFG Advisors offers. In addition to the above plans, we offer customized, holistic financial planning for healthcare professionals.
PFG Advisors offers a series of presentations on retirement planning, estate planning, insurance planning, and basic financial planning to TTU employees throughout the year. These lectures are purely for educational purposes and do not mention any specific companies or products.
For more information about an upcoming lecture or how PFG Advisors can help you take the next step to retirement, contact us today at ttu@advisorspfg.com.