Asset Management

Asset management + integrated tax planning

We offer a complete array of services that integrates tax planning and investment planning to deliver a personal, guided experience for your financial journey.

Maximize returns. Minimize risk.

In conjunction with HKFS, we provide our clients with an independent, objective approach to asset management with your needs at the forefront. Elements of modern portfolio theory are employed across a diverse roadmap of growth and income investments in an effort to maximize return while minimizing risk. The HKFS philosophy is to assist you with the allocation of capital among the major asset classes (bonds, stocks and cash), while working to minimize the risk inherent in the securities marketplace.

Our asset management services

  • Identifying goals and objectives
    • Time horizon
    • Risk tolerance
    • Liquidity needs
    • Tax impact
    • Legal issues
  • Allocation
    • Bond portfolio
    • Mutual funds
    • Individual securities
    • Separately managed accounts
    • Stock portfolio
      • Mutual funds/exchange traded funds
      • Individual securities
      • Separately managed accounts
  • Investment selection
    • Mutual fund screens
      • Manager tenure/investment philosophy
      • Fund-style continuity
      • Peer group performance
      • Fund size
      • Expense ratio
      • Transaction costs
  • Rebalancing
    • Review current asset allocation to determine if still appropriate
    • Naturally passive timing (sell high, buy low)
    • Capture and manage gains
  • Reviewing and adjusting
    • Adjustable factors in investment planning
      • Contributions
      • Time horizon
      • Income at retirement
    • Fixed factor
      • Risk tolerance
      • Desired ending balance
      • Investment return

Other related services

 

*Investment advisory services offered through HK Financial Services (HKFS), an Independent Registered Investment Advisor.  Commission-based securities products are sold by ProEquities registered representatives and offered throughProEquities, Inc., a Registered Broker-Dealer and member of  FINRA and SIPC. Insurance products issued by many highly rated carriers.  HKFS, ProEquities and Boyum Barenscheer, PLLP are independent of each other.

This material is being provided for informational purposes only with the understanding that neither HKFS nor ProEquities is rendering tax, legal or accounting advice.  Please consult with your CPA or other appropriate advisors on all matters pertaining to legal, accounting or tax obligations and requirements.

FAQs

 
How much risk is appropriate for me?

The answer to this question will be different for everyone; your advisor should help you assess if the risk in your portfolio is appropriate based on your age, risk tolerance, financial situation and long-term goals.  Your risk tolerance can change as you get near to retirement, so you should re-evaluate this periodically.

 
What should I invest in?

The key to this response is developing an asset allocation strategy based upon your current financial situation, goals and risk tolerance. The goal is to select investments that diversify your portfolio and limit your risks from being too over weighted in one market sector or company.

 
Is diversification really that important?

Many times, when approaching or entering retirement, people make the mistake of thinking that time horizons are too short to diversify stock holdings.  Diversification across equity (stocks) asset classes is more important as the investment horizon shortens.  This is because any asset class can underperform by a very large amount over even long-time horizons, let alone over relatively short ones.  Diversification reduces the risk of any single asset dragging down your portfolio.

 
How can investing affect my taxes?

That depends upon where your investments are held.  Earnings from investments in retirement accounts are generally tax-free until you withdraw at which point the distributions will be taxed as ordinary income.  A Roth IRA or ROTH retirement plan, by contrast, enables your investment earnings to grow tax free and your money to be withdrawn tax-free at retirement.

If you’re investing in a taxable brokerage account, you pay taxes on your earnings from interest, dividends and capital gains.  Qualified dividends and capital gains on investments held over one year do get a favorable tax rate.

Contact John for more information

John Csargo, CPA, MBT, CFP®

John joined Boyum Barenscheer in December 2015. His 30 years of extensive experience helping businesses with their tax planning and providing advice to make the best financial decisions for short and long-term goals is a great addition to BB’s Tax Department.