Financial Planning
At Saratoga, we believe every client, large or small, young or old, should have access to financial planning tools.
For decades, we’ve been leveraging technology and industry expertise to bring institutional-level services within reach of retail clients. Through these efficiencies, Saratoga is able to deliver its financial planning and investment management to a wide range of clients.
What is Financial Planning?
Financial planning is the process of setting, managing, and achieving your financial goals through careful budgeting, saving, investing, and risk management. It encompasses a wide range of areas, including income and expense tracking, debt management, investment management, retirement planning, education funding, tax strategies, insurance coverage, and estate planning.
A comprehensive financial plan helps individuals and businesses make informed decisions, prepare for unexpected events, and build long-term financial security. Whether you're planning for a major life event or simply aiming to improve your financial health, financial planning provides a structured approach to managing your money with confidence and clarity.
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One of Saratoga’s key differentiators is that we believe financial planning is uniquely important for younger clients just getting started.
Why? Because the financial decisions you make as a 25 or 35 year old are going to compound for the next 30, 40, even 50 years. Getting the path set straight early is a huge advantage, even if you’re starting small.
Saratoga Solution: Focused Planning, eventually transitioning to Full Planning
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Individuals approaching retirement, especially those who have been saving consistently, have often built a winning formula they’re comfortable with. However, transitioning from saving to spending requires careful planning to ensure their assets last, taxes are minimized, and healthcare costs are covered.
A financial plan can help create a sustainable withdrawal strategy, optimize Social Security and pension benefits, prepare for various healthcare outcomes, and ensure estate planning is completed.
Saratoga Solution: Full Planning, transitioning to Focused Planning
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Entrepreneurs often focus on growing their business and, understandably, may neglect their personal financial planning. They might not separate business and personal finances effectively, overlook retirement planning, or miss out on tax-saving strategies.
A financial plan can help them align business success with personal financial security, while taking significant tasks off of their plate.
Saratoga Solution: Full Planning
Saratoga’s Financial Planning Services
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Focused Planning
Financial planning and investment management covering a focused group of topics and strategies.
Generally best for clients with less than $300,000 of investable assets or clients who have already reached retirement.
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Full Planning
Comprehensive financial planning and investment management that covers a wide range of topics and complex strategies.
Generally appropriate for clients with over $300,000 of investable assets or complex planning needs.
As for the future, your task is not to foresee it, but to enable it.
Antoine de Saint-Exupery