Before we invest the first dollar, we need to understand all the pieces of your situation. This means doing some homework before putting a plan in place. Once we understand who you are and what you are trying to accomplish, then we can make a plan to get there.
The planning process seeks to chart a course to get you from today through the end of your life. A good plan outlines specific tasks to accomplish at each stage of the process. All recommendations are tailored to each client’s situation.
The best recommendations do no good if they are not implemented. Management is an on-going partnership to implement your financial plan, including portfolio management and regular times to meet, reassess, and pivot as necessary.
We provide holistic financial planning targeted towards working professionals actively accumulating an investment portfolio.
Cash flow and Net worth
Peace of mind often means knowing where you stand: where is your money going each year, what do you own (assets), and what do you owe (liabilities). Your saving and spending patterns are just as important as your rate of return. Having a firm grasp of your net worth and cash flow are foundational for growing wealth.
Retirement savings & income planning
Saving for the future should be more nuanced than putting money into a 401(k). When it comes time to turn your savings into an income stream, it will be important to have an appropriate mix of taxable and deferred types of savings as well as knowing what level of withdrawal your portfolio can sustain over time. To maximize tax efficiency, it will also be important to have a handle on which assets should be used at specific times.
Investment planning & management
Diversifying your portfolio is key to growing and protecting wealth. An investor needs to understand where the pieces of the portfolio are, what are reasonable and unreasonable expectations for an investment portfolio, and what level of risk is necessary. A wise investor should not take more risk than what is needed.
Taxes are inevitable, but there are ways to be smart about it. From harvesting losses to offset gains, maximizing income during low bracket opportunities, converting to Roth accounts, gift clumping, social security planning, etc., there are ways to be strategic about paying taxes; you just need a plan.
When life is over, the ones we leave behind are the ones who suffer. Estate planning helps make the process easier for those left behind. Get a will put together, consider whether a trust is appropriate, update your beneficiaries, understand if there is a need for insurance, etc.
Outsource your personal finances so you can live your life
Even if you enjoy finances and investing, the stakes are too high for it to be a hobby or even a chore that perpetually lives on a to-do list. We exist to free clients of this responsibility so they can live life.
S&H does not provide stockbroker services, do your taxes, practice law, provide executor or trustee services, or sell insurance.
Act as stockbrokers; we will not recommend or advise on individual stock selections
We spend a lot of time researching investments and constructing portfolios comprised of mutual funds and ETFs. If clients want to day-trade or hold onto specific stocks for sentimental reasons, we will not manage those assets.
Prepare or submit tax returns
While we spend a lot of time helping clients with tax planning and believe it is a critical component of financial planning, we do not prepare or submit tax returns.
Practice law including drafting wills, trusts, or POAs
We are not attorneys and do not practice law
Offer executor or trustee services
In most instances, providing these services would be a conflict of interest, so we simply do not do it.
Sell insurance products
Insurance is important, but we are committed to a fee-only model of financial planning and will not sell products associated with commissions.
Sherrill & Hutchins is an independent, fee-only firm with simple origins and deep Atlanta roots.