With a multidisciplinary approach to the achievement of your financial goals, OJM Group’s Planning Division is exceptional in the industry.
Our clients have found that a close collaboration of advisors from a variety of disciplines is essential in today’s complex environment. OJM’s team includes attorneys, CPAs, MBAs, CFPs, and insurance specialists who contribute their perspectives and expertise on each client’s challenges and goals.
We have helped some clients with only one or two solutions; for others, we have truly become a financial quarterback, coordinating all areas of their financial life.
OJM’s team reviews a plan you have in place to make certain it can deliver on your expectations, or we can create a dynamic plan tailored to your unique situation and financial goals.
PERSONAL PLANNING
PHASE 1
GETTING TO KNOW YOU
ENGAGEMENT AND
DATA GATHERING
Engagement Letter signed by all parties
Data and documents requested to begin process
Requested data varies according to type of engagement
DISCOVERY
CALL
Review data and documents
Introduce OJM team
Request additional information
Determine priority of process steps
Define success of process
PHASE 2
ANALYSIS AND IMPLEMENTATION
ASSET
PROTECTION
JD partner provides comprehensive Asset Protection Analysis
Evaluates current levels of exposure for each asset
Recommendations to improve protection for each asset class
Cost/benefits of different tools on a (-5) to (+5) sliding scale
TAX
PLANNING
Review of personal tax returns
CPA partner provides comprehensive Tax
Planning Analysis Recommendations to reduce taxable income and/or defer tax liability
Focus on tax diversification
INVESTMENT
MANAGEMENT
Wealth advisor reviews recent investment statements
Online tool to determine risk score
Discussion of current portfolio, past performance and fees
Recommendations for reallocation, if needed
INSURANCE PRODUCT
ANALYSIS
Life, disability and long term care policies evaluated by OJM expert
Property and casualty policies reviewed by partner firm
Existing policies compared to alternatives
Options for premium reduction/improved coverage presented
FINANCIAL
MODELING
CFP® analyzes current cash flow, income projections and retirement goals in different scenarios
Provides guideline for savings to meet financial goals
Review retirement funding methods and tools for funding college education
PHASE 3
SUMMARY AND ACTION ITEMS
Deliver written summary of recommendations
Review tools and tactics implemented thus far
Prioritize and implement additional solutions
CORPORATE PLANNING
PHASE 1
GETTING TO KNOW YOU
ENGAGEMENT AND
DATA GATHERING
Engagement Letter signed by all parties
Data and documents requested to begin process
Requested data varies according to type of engagement
DISCOVERY
CALL
Review data and documents
Introduce OJM team
Request additional information
Determine priority of process steps
Define success of process
PHASE 2
ANALYSIS AND IMPLEMENTATION
ASSET
PROTECTION
JD partner provides comprehensive Asset Protection Analysis
Evaluates current levels of exposure for each business
Recommendations to improve protection for each asset class
Cost/benefits of different tools on a (-5) to (+5) sliding scale
CORPORATE
BENEFITS PLANNING
Analysis of current retirement vehicles
Comparison to other qualified and non-qualified retirement plans
Presentation of options that may provide greater cost efficiency and tax benefits to owners and/or partners
INVESTMENT
MANAGEMENT
Wealth advisor reviews corporate investments
Discussion of current portfolio, past performance and fees
Recommendations for reallocation, if needed
CORPORATE STRUCTURE
AND TAX PLANNING
Review of corporate tax returns
CPA partner provides comprehensive Tax Planning Analysis
Recommendations to reduce and/or defer tax liability
Analysis of current corporate structure; review pros and cons of using different and/or multiple entities.
RISK MANAGEMENT
ANALYSIS
Review of your commercial lines insurance coverages by a partner firm
Examination of buy-sell, business overhead and disability risks and an analysis of various solutions
Options for premium reduction/improved coverage presented
PHASE 3
SUMMARY AND ACTION ITEMS
Deliver written summary of recommendations
Review tools and tactics implemented thus far
Prioritize and implement additional solutions
Present on-site or recorded seminar for business owners/management team
