By: Jeffrey J. Buonforte
Recently the
Star Ledger reported that over
40% of Americans may not be prepared for retirement.1 Meaning people may not have enough nest eggs to carry them through their golden years, or may have to delay their retirement.
Financial planning is something we should think about as early as age 35. It typically includes personal investing, tax planning strategies, insurance, retirement and estate planning and legal counsel.
We've always offered financial investment services at Lakeland and now we're pleased to announce our Wealth Management Program provides more options for our customers, including managed money advisory services, bond portfolio analysis, insurance analysis and separately managed accounts (SMAs) for individuals, trusts and endowments. Our SMA program gives our customers access to more than 80 leading institutional asset managers.* A four-step process identifies your goals, constructs an appropriate strategy, implements the investment plan and regularly monitors the plan. For the initial meeting, the advisor will ask you to provide current investment statements from last quarter, a 1040 federal tax return and a personal
financial plan – if you have one. Once the program is in place, advisors review an investment portfolio at least quarterly, depending on the size of the portfolio and your needs.
If you want to diversify your portfolio, minimize the tax impact, plan for retirement or your estate there is a customized solution for you.
*Securities are offered through Essex National Securities, Inc., member FINRA & SIPC. Insurance products are offered through Essex National Insurance Agency, Inc. Neither are affiliated with Lakeland Bank.
Products are not guaranteed by the bank, not FDIC insured, not a deposit, not insured by any federal government agency, and we may lose value including loss of principal.
1 Star Ledger, March 10, 2010, Page 1, “Nest Eggs Crack Under Pressure of Daily Living,”