For 25 years, Domani Wealth has been dedicated to serving our clients.
This dedication has caused our approach to evolve into a model deeply integrated with services that complement each other, including in-depth financial planning.
What we often hear from clients is how they appreciate Domani Wealth’s level of detail. They note our technical expertise and how our team of specialists works together to help clients reach their retirement feeling more secure about their financial future.
It’s All in the Planning.
One of our favorite parts of working with clients is the in-depth planning we do for them pre- and post-retirement. And we mean everything from initial conversations exploring goals for those years, to conversations right before retirement begins.
“It’s so rewarding to meet and work closely with people as they move into retirement,” says Angie Stephenson, CFP®, CPA/PFS, Domani’s COO and a Partner and Senior Wealth Advisor.
Domani Wealth’s team of CERTIFIED FINANCIAL PLANNER® professionals, wealth advisors, investment strategists, and tax planning experts all work together to prepare a long-term retirement model for each individual client. This model uniquely reflects the primary goals of each client and provides an objective plan to help show clients the path to achieving their goals and steps they can take along the way.
As we develop a plan, we also include possible alternative options to adjust timing or incorporate ideas for alternative goal strategies.
After we share the baseline model and any alternative scenarios, the client selects the plan they’d like to follow. Given that family dynamics, laws, and financial markets can change, Domani Wealth’s team meets regularly with each client to review and realign as appropriate. With our help, clients can stay the course of their long-term plans.
A Passion Empowered.
Another service we’ve formed over the past 25 years’ time to serve our philanthropic clients is helping them develop charitable plans so they can fulfill their passion of supporting causes close to their hearts.
We feel so privileged to work with a charitably inclined individual or family and use our expertise to help bring their passion to support communities to life.
This help takes many forms, including Domani Wealth as a family office, assisting clients in evaluating a variety of strategies to pay pledges, and analyzing the benefits of using charitable trusts or foundations to accomplish clients’ long-term goals.
Also, Domani Wealth uses our deep investment and tax-planning expertise to review and aim to maximize the income tax and economic benefits garnered by the clients in the pursuit of their philanthropic causes.
“Our in-house team excels in this kind of planning,” Stephenson said. “They’ll help make sure your future is protected and aligned with your goals, while also working hard so that your favored charitable causes reap the best support they can! Everyone wins.”
These techniques can include:
• Private foundation creation and administration
• Donor Advised Funds, many inspired by tax law changes in 2018
• Using appreciated stocks within client portfolios
• IRA-qualified charitable distributions
In many of these strategies, clients often benefit by receiving tax deductions and/or avoiding income taxes. The charity still receives the support they need that the client wants to provide, but the client can receive more benefit than if they’d simply written a check.
A Winning Tax Strategy.
Another service Domani Wealth focuses on is our tax-efficient investing and portfolio monitoring.
Our team features many CPAs, and while we don’t prepare tax returns (though we work with fantastic accounting firms that do), that level of expertise means our CPAs and portfolio managers work together on investment approaches that consider the marginal tax rate of a client as well as other tax efficiencies. We also often work closely with a client’s tax return preparer so we as a team can attempt to bring about the best tax result for the client.
We also pay close attention to market shifts, and during a correction or downward movement, capitalize on opportunities to move investments in the portfolio. This often does not reduce the client’s exposure to stock, but rather, shifts positions within a portfolio so that tax losses can be harvested for future use when appropriate, but still allow the client to stay the course with their long-term investment plan.
This type of tax planning can be very complex. Over time, our clients often see the benefits of reduced tax consequences within their portfolios managed by Domani Wealth!
The Next 25.
We are so thankful for our clients, as your support has always kept us on the course to provide high-level services with our commitment to integrity, teamwork, and discretion. It’s been a great 25 years, and we plan to be well prepared to serve you for 25 more and beyond!
Please remember that past performance may not be indicative of future results. Different types of investments involve varying degrees of risk, and there can be no assurance that the future performance of any specific investment, investment strategy, or product will be profitable, equal any corresponding indicated historical performance level(s), be suitable for your portfolio or individual situation or prove successful. Due to various factors, including changing market conditions and/or applicable laws, the content may no longer be reflective of current opinions or positions. Moreover, you should not assume that any discussion or information contained in this article serves as the receipt of, or as a substitute for, personalized investment advice from Domani. A copy of Domani’s current written disclosure brochure discussing our advisory services and fees continues to remain available upon request.