Specialized Wealth Management Services in Rochester, NY

Working with a financial advisor can bring many benefits to clients. Here are some of the key advantages:

1. Expertise and Knowledge: Financial advisors have the knowledge and expertise to help clients navigate the complexities of financial markets and investments. They can help clients make informed decisions and avoid costly mistakes.

2. Personalized Advice: Financial advisors can provide personalized advice based on each client’s unique financial situation, goals, and risk tolerance. They can help clients develop a customized financial plan that is tailored to their specific needs.

3. Goal Setting: Financial advisors can help clients set realistic financial goals and develop a plan to pursue them. They can monitor progress towards these goals and make adjustments as needed to keep clients on track.

4. Portfolio Management: Financial advisors can help clients manage their investment portfolios and make informed decisions about asset allocation, diversification, and risk management. They can help clients pursue returns while addressing risk.

5. Retirement Planning: Financial advisors can help clients plan for retirement by developing a comprehensive strategy that takes into account factors such as savings, investments, social security, and pension benefits.

6. Tax Strategies : Financial advisors can work with your CPA to help make tax-efficient choices relating to personal investment decisions.

7. Estate Planning Strategies: Financial advisors can work in conjunction with a clients attorney to help plan for the transfer of their wealth to future generations by developing an estate plan that addresses taxes and ensures their wishes are carried out.

In summary, working with a financial advisor can bring many benefits to clients, from customized advice and personalized financial planning to retirement planning, tax planning strategies, and estate planning strategies. With a financial advisor’s help, clients can pursue their financial goals and long-term retirement dreams. 

An investment and insurance review is an assessment of your existing investments and insurance policies to ensure that they are aligned with your financial goals and that you are getting the best value for your money. We can help you identify any gaps in your plan and make recommendations to help address your overall financial situation.

Financial planning is the process of creating a plan to pursue your financial goals. We can help you assess your current financial situation, set realistic financial goals, and create a plan to pursue those goals.

Investment management is the process of managing your investments in pursuit of your financial goals. We can help you choose suitable investments, manage risk, and monitor your portfolio to help you stay on track as you work toward to your financial goals.

Legacy planning is the process of planning for the transfer of your wealth and assets after you pass away. We can work with your estate attorney to help you create a plan that ensures your wealth and assets are transferred in accordance with your wishes.

We offer a wide range of retirement planning services, including financial planning, financial advice, investment management, stocks, bonds, mutual funds, exchange traded funds, annuities, REIT’s, UIT’s, tax planning strategies, legacy planning, life insurance, disability insurance, long term care insurance, medicare supplements, budgeting and much much more…

All client accounts are held at LPL Financial Inc. Each client has an account at LPL Financial, solely in their name and each security is always in the client’s name, never in Rochester Wealth Solutions name. Rochester Wealth Solutions has selected LPL Financial as our Custodian and Broker/Dealer because they are the largest independent Broker/Dealer in the United States holding over $1 trillion in client assets. LPL is a Fortune 500 company and publicly traded on the NASDAQ (ticker: LPLA). Additionally, LPL provides exceptional technology and back office operations to our clients. Learn more at www.lpl.com. (*As reported by Financial Planning magazine, 1996-2022, based on total revenue).

When we place a trade in a client account, LPL Financial promptly notifies the client of the transaction details and complete terms of the purchase or sale. Additionally, clients receive monthly statements direct from LPL Financial that comprehensively list each position held in their account, including their respective values, as well as any dividends and interest credited to the account. To ensure continuous and seamless monitoring, clients can easily track their accounts online and through a mobile app, accessing real-time information on their investments.

Rochester Wealth Solutions minimum client size is $500,000 and may be comprised of several accounts such as cash accounts, retirement accounts, etc.

Rochester Wealth Solutions bills client accounts quarterly for portfolio management services. The fee is based on a percentage of the portfolio value and is agreed upon prior to account opening. Notably, we offer a decreasing fee structure for accounts exceeding $1,000,000. This approach reinforces our commitment to aligning our interests with our clients’ interests. Our fee structure ensures that our interests are directly linked to the growth of our clients’ portfolios, and