In 2007, we began working with Southern California Edison to assist employees with guidance on the allocation of their 401(k) plan assets. We offered a complimentary detailed and customized financial plan to each interested employee, and suggested that they consider utilizing our services upon their retirement from Edison. This simple offer of free and competent advice has grown into a large part of our wealth advisory practice. We currently manage over $65 million in assets on behalf of Edison employees, and are proud to have written plans for over 350 employees at all levels from a wide range of departments and locations throughout Los Angeles, Orange and Riverside Counties as well as offices in Ventura, Visalia, Tehachapi, Bishop, Victorville, and Palm Springs. If managed prudently, the retirement package offered by Southern California Edison can be a solid financial foundation for a fruitful and enjoyable retirement.
Guardian Financial Partners now has a custodial relationship with the Charles Schwab Corporation. Since Edison offers retirement plan members the option of using a self-directed Schwab Personal Choice Retirement Account (PCRA), Guardian has the ability to manage any employee’s 401(k). In the past, we were limited to working with employees who were already retired or were over 59 ½ years of age.
We provide guidance and services in the following key areas:
- Retirement Planning
- 401(k) Asset Allocationand Management
- Budget Management
- Pension vs Lump Sum Analysis (grandfathered and non-grandfathered)
- Retirement Healthcare Analysis (grandfathered and non-grandfathered)
In addition, we provide all our Edison clients with updates on the interest rates that affect grandfathered and non-grandfathered pensions. We send out 4 updates a year over the summer months to keep them abreast of upcoming changes for the following calendar year and how it will impact them. If you would like to receive this valuable information or would like to discuss our services in more detail, please email Casey Bartels.