Retiring at the right time is critical to the long-term success of your retirement. We help you understand if you have enough to retire based on your stated goals and vision for your future. Our True Financial Planning approach will look at both sides of your balance sheet, your income and expenses and help you analyze things like Social Security and Medicare.

Your portfolio should be customized to your needs, risk tolerance, and stated goals. Our belief is your financial plan and investment strategy need to be in sync. After we help create your plan we will create a portfolio based on your Riskalyze® response using our Tailored Investment Offerings. This approach emphasizes flexibility, tax efficiency, and protecting your downside.

We start by understanding what your college costs may look like and set savings goals based on your means. We educate you on the various options for saving for college and help you understand their impact on taxes and financial aid.

When to turn on Social Security is an important decision. Our True Financial Planning approach takes into account your needs, sources of income, and assets. We run a Social Security Optimizer so you can see the pros and cons of starting it early vs. waiting.

We pride ourselves on being a “fee-only” registered advisory firm. This means we have made the decision to act as a fiduciary that will only act in your best interest. This is a different wealth management model than firms who get paid or incentivized by commissions. Our model allows us to get paid for planning and investment advice. We charge a fee on assets based on asset size and the service commitment. We will provide you with a full overview when we meet.

As with many things in life, the earlier you start the better. But we realized that people’s lives are busier than ever. We have multiple service options depending on where you’re at in your career and what your needs are.

Within the 401K employees have access to a menu of target date retirement funds, individual core funds or the Personal Choice Retirement Account (PCRA) through Charles Schwab where they can self-manage or work with an advisor. We can walk you through the pros and cons of each option and help guide you to an appropriate allocation based on your Riskalyze® response.

The pension rates that impact Edison employees change every calendar year. The rates impact grandfathered employees differently than non-grandfathered employees. Regardless of what plan you are under we will explain how the rates impact you and keep you apprised of the changes from year to year.

Everyone’s income and tax situation are different. Through our True Financial Planning process, we will work to determine which options are best to meet your long-term goals while taking into consideration taxes you pay now and in retirement.

We help you understand your healthcare options in retirement. Healthcare is a critical part of planning for retirement. Employees that have reached age 55 with 10 years of service generally qualify for some amount of assistance towards medical in retirement. Through the planning process, we will explain the different levels of benefits you can receive from the company, how those coordinate with Medicare and what happens if you move out of state.

Whether you sit on a board, investment committee or simply act as a fiduciary for a pool of investment assets, it is critical to have a process in place for meeting the commitment you have agreed to fulfill. GFP’s consulting services can assist you in formulating a pragmatic, disciplined and informative approach to fulfilling your responsibilities as a fiduciary whether you are a Non-Profit, Taxable Entity, or an Individual. Also, we stand next to you as a named fiduciary.

Yes. A good IPS will provide you a roadmap towards fulfilling the goals and objectives you have decided to employ for your pool of assets whether you are dealing with Trust Assets, Defined Contribution Assets, Defined Benefit Assets, Corporate Cash or Retail Assets. We assist you in developing a customized IPS that meets your unique set of requirements while following the “Prudent Expert” standard of oversight. A good IPS will clearly state your goals and objectives, but also make the transition to new board members or staff easier and seamless.

A critical component of your IPS is determining an appropriate mix of investments to meet the goals and objectives outlined within the document. What asset classes should you utilize? Are Alternative Investments appropriate? What level of risk should you adopt? How often should you rebalance your portfolio? What ranges of maximum and minimum constraints are appropriate? Do Monte Carlo simulations confirm your chosen allocation will meet your goals and tolerance for risk? A well-constructed asset allocation will help define and clarify these questions.

We will help you identify appropriate investment managers and vehicles for your asset allocation. Should you use Separately Managed Accounts? Is a Mutual Fund or Exchange Traded Fund more appropriate and a cost-effective choice? How does your portfolio compare to other organizations similar to your organization? We utilize several sources of institutional research like Morningstar Direct and Littman Gregory to help us develop a recommended list of investment managers for your pool of assets, and negotiate the cost of those managers on your behalf.

Regular reviews of the performance of your assets relative to your IPS goals and objectives, asset allocation, and individual manager performance are all part of the quarterly review document/monitor we provide to you as your fiduciary and consultant. We review each manager/investment relative to an appropriate style based benchmark, while also reviewing your total portfolio against a long-term Strategic Benchmark and a shorter term Policy Benchmark. We commit to a regular quarterly meeting review of all aspects related to your investment assets in addition to the goals and objectives outlined in your IPS.