What We Do
Floer Millike Private Wealth Management offers you a sophisticated approach to managing your wealth by creating tailored strategies to meet your short and long term needs. We’ve provided wealth management services since 1991.
Our team will:
- Simplify your entire financial life
- Create peace of mind by reducing your financial concerns
- Guide you through critical financial events
- Deliver tax-efficient strategies across all aspects that improve your financial position
- Proactively adjust your plan as opportunities are identified
A holistic view of your wealth and your life
Our financial planning approach incorporates integrated tax and risk management strategies across six key dimensions of your financial life.
Optimizing your retirement
We’ll help manage the risks of retirement, aiming to preserve the capital you’ve built and to create a tax-efficient income stream to support your needs and goals.
Planning for major expenditures
We ensure you have the right plan in place to make your goals a reality – whether this includes education planning, investment or retirement property purchases, or other significant capital requirements.
Managing cash flow efficiently
We examine and continuously evaluate your cash and credit needs, with the goal to deliver the flexibility you require to meet your goals. From detailed cash flow analysis to tax-efficient income planning, we develop strategies tailored to you.
Preparing for the unexpected
We can’t always anticipate the challenges that we may be faced with, but we can plan for them. We’ll help you develop comprehensive risk management strategies to provide for those you care about.
Maximizing your business success
From optimizing corporate investments to business succession planning, we implement strategies that synchronize and enhance your personal and business needs.
Sharing your wealth
Establishing how to share your wealth will allow your legacy to live on for the people and causes you care about, including philanthropy, charitable giving, and intergenerational wealth and estate planning.
Experience our next generation IG Living Plan
Are you prepared for all the ‘what if’s’ in your financial life? Find out with our next-generation IG Living Plan.
With this interactive new digital experience, we can help you test different scenarios and show the impact of your decisions before you make them.
We implement a holistic approach to the financial planning process. It is not just about where you are today, but where you want to be. It’s your financial future and we will custom tailor solutions in your financial plan to address your unique goals and concerns.
Here are the SIX STEPS in our process and what you can expect.
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Mutuality Of Interest
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What To Expect From Us
- Explain issues and concepts related to the overall financial planning process
- Explain the services we will provide and the process of planning and documentation
- Clarify your responsibilities as a client
- Clarify our responsibilities including a discussion about how and by whom we will be compensated
We Should
- Discuss the scope of the client/planner engagement
- Agree on how decisions will be made
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Discovery
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What To Expect From Us
- Make every effort to understand your life goals and how your finances can impact those goals
- Obtain information about your financial resources and obligations
- Gather all necessary information and documents before giving you advice you need
We Should
- Investigate your values, preferences, financial outlook and desired results as they relate to your financial goals, needs and priorities
- Define your personal and financial goals, needs and priorities
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Assess
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What To Expect From Us
- Analyze your information to assess your current situation (including cash flow, net worth and tax projections)
- Identify any problem areas or opportunities with respect to your current financial situation
- Capital Needs
- Risk Management
- Investments
- Taxation
- Retirement Planning
- Employee Benefits
- Estate Planning
- Special Needs (i.e. adult dependent needs, education needs, etc.)
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Design
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What To Expect From Us
- Develop and prepare a financial plan tailored to meet your goals and objectives, values and risk tolerance while providing projections and recommendations
- Present the plan to you
- Establish an appropriate review cycle
We Should
- Work together to ensure that the plan meets your goals and objectives
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Implement
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What To Expect From Us
- Assist you in implementing the recommendations discussed (if that is what you want moving forward).
- This may involve coordinating contacts with other professionals such as accountants, lawyers and specialists.
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Monitor
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What To Expect From Us:
- Periodically contact you to review the progress of the plan and make necessary adjustments to the recommendations to help you achieve your goals.
This review should include:
- A review and evaluation of the impact of changing tax laws and economic circumstances
- A review of your life circumstances and an adjustment of the recommendations if necessary
- Circumstances often change through life events such as a birth, death, illness, marriage or retirement
We Should:
- Agree on who will monitor and evaluate whether your plan is helping you progress toward your goals.
Is your financial well-being on track?
Try our IG Living Plan Snapshot to find out. This straightforward online tool will help you assess if you’re on track to meet your goals, based on key dimensions of your financial well-being. From optimizing your retirement to preparing for the unexpected, answer a series of questions to provide an overall result out of 100. This tool also provides personalized recommendations to help create a comprehensive financial plan tailored to you and your family’s needs.