Comprehensive Financial Solutions Tailored to You
At Focused Wealth Management, we offer a range of services to meet your financial needs, including investment management, retirement planning, estate planning, risk management, and more. Our team of experts collaborates closely with you to develop personalized strategies that align with your goals and priorities. Whether you’re planning for retirement, building wealth, or preserving your legacy, we’re here to guide you every step of the way.
MASS AFFLUENT
Focused Wealth Management provides in-depth account analysis, regular reviews, and frequent communication. We collaborate with CPAs and attorneys, offer online access, and connect you to strategic partners. Stay informed with our newsletters, financial products, and optional daily market commentary. Our tailored financial planning, income distribution, and tiered fee schedule ensure your financial success.
- Strategize charitable contributions
- In-depth account analysis
- Comprehensive annual review meetings
- Comprehensive semi-annual portfolio review
- Frequent phone and email communication
- Collaboration with CPA
- Collaboration with attorney
- Online access
- Access to Focused Wealth Management’s strategic partners
- Monthly newsletters
- Comprehensive financial product offerings
- Daily market commentary (upon request)
- Next Phase Income Distribution planning*
- Financial planning*
- Tiered management fee schedule*
*These services are available with a financial services agreement.
HIGH NET WORTH INDIVIDUALS
Professional Asset Management Services for High Net Worth Clients
At Focused Wealth Management, a Registered Investment Advisor, we provide exclusive, fee-based asset management services tailored to high net worth individuals. Our offerings include:
- Custom, goals-based investment portfolios
- Management of 401(k), 403(b), and 457 retirement plans
- In-depth account analysis
- Comprehensive annual review meetings
- Progress meetings upon request
- Quarterly portfolio reviews
- Frequent phone and email communication
- Next Phase Income Distribution Planning
- Detailed financial planning
- Collaboration with CPAs and attorneys
- Family and inter-generational meetings
- Online access
- Tiered management fee schedule
- Access to our strategic partners
- Business planning and charitable gift planning
- Monthly newsletters and research reports
- Comprehensive financial product offerings
- Direct Platinum Client hotline
- Daily market commentary upon request
Financial Planning Services
We identify your specific goals and develop strategies to achieve them in areas such as:
- Individual financial planning
- Retirement education
- Wealth accumulation
- Insurance
- Estate planning
- Trusts
- Asset protection
- Wealth transfer
- Family foundations
- Investment advice
As a fiduciary, Focused Wealth Management operates with the highest standard of care, always acting in our clients’ best interests to help them achieve their financial goals.
Financial Wellness Series
Empower Your Financial Future with Expert Insights
and Practical Tips
Join Focused Wealth Management’s Financial Wellness Series to gain valuable insights and practical tips on managing your finances. From retirement planning and investment strategies to tax optimization and estate planning, our series equips you with the tools and confidence needed to achieve your financial goals.
401(k) AND 403(b) PLAN SPONSORS
Focused Wealth Management serves as a 3(38) co-fiduciary in writing to your retirement plan. As a 3(38) fiduciary, we shoulder the bulk of responsibilities to help plan sponsors meet the multitude of obligations to their organization’s retirement plan. Over the past two years, we have rolled out our patented Five Step Focused Fiduciary presentation to help plan sponsors fulfill their fiduciary duties.
INITIAL PHASE
- Focused Wealth Management presents Five Step Focused Fiduciary and, along with the plan committee, sets fiduciary goals for the year
- Define roles and responsibilities
- Draft Investment Policy Statement (IPS)
ONGOING PLAN MANAGEMENT BY FOCUSED WEALTH MANAGEMENT
- Daily monitoring of investment options
- Develop, monitor, adjust and rebalance risk-based investment models
- ERISA 404© compliance
- Ensure that as a whole, the menu of investment options provide distinguishable risk/return characteristics
QUARTERLY MEETINGS WITH PLAN COMMITTEE
- Review Quarterly Plan Report provided by asset custodian
- Focused Wealth Management provides a detailed review of all aspects of the plan, including investment performance, plan demographics, and participation.
- Highlight specific elements of the plan that we think are functioning particularly well
- Address areas where we see potential for improvement
- Review investment options’ performance against best-fit benchmark and peer group
- Assess each investment option’s performance over time (e.g., over a full market cycle—generally three to five years) in order to not overemphasize short-term results
- Note if there has been any significant change in the asset size of an investment option. If this is the case, determine if the change could hamper the option’s ability to meet its investment objectives or adversely impact the option’s investment implementation
- Review the reasonableness of each investment option’s fees and expenses when compared to similar alternatives in the marketplace
- Identify investment options which fall short of expectations or otherwise appear to be candidates for replacement.
- These investment options will be placed on a watch list at the discretion of the plan fiduciaries.
- Continue to monitor the investment option for an additional period of time for certainty that any perceived shortcomings are neither temporary nor erroneous and that removal is in fact warranted.
To Ensure That:
- The investment options are able to tolerate cash in-flows and out-flows consistent with the size of the Plan and the nature of the participant population (e.g., if unusually large amounts of distributions are anticipated).
- Participants remain able to create investment portfolios with aggregate risk and return characteristics appropriate for their current investment needs and individual investment styles.
- Any investment education offered to employees is consistent with their general level of investment expertise. Document quarterly meeting minutes!
Retirement Plan Portal
Strategic 401(k) Solutions for Employers
With Focused Wealth Management, you get easy portal access, fiduciary oversight, educational support, and proactive plan reviews. We keep your 401(k) or 403(b) efficient and fully compliant so you can focus on what matters most—your people.
RETIREMENT PLAN EDUCATION POLICY
Through hands on experience, Focused Wealth Management finds that a retirement plan’s participant education policy is just as important as the investment policy. We recognize that the success of a retirement plan is largely driven by the level of understanding and appreciation participants have for the program. The plan education policy will lay out, with calendar regularity, when and how we are going to meet with plan participants, our main goals (that we establish at our Five Step Focused Fiduciary meeting), and the details of our communication plan. Frequent access to high quality investing and financial planning education undoubtedly has a positive effect on employee retirement readiness by developing the high level of commitment needed from plan participants to be retirement ready.
Meeting with participants before the conversion of the plan
Monthly on-site meetings for the first three months, then quarterly thereafter
Plan hotline to reach an Focused Wealth Management advisor
Without question – on-site, face-to-face meetings are the most important driver of a successful education program. Our local presence is a differentiating factor in terms of the quality and frequency of interaction we can deliver to your plan.
1. Participation rates
2. Deferral rates
3. Account balances
4. Asset allocations
The plan’s education policy is also an extremely valuable plan management tool from a fiduciary standpoint, as it also allows us to document our employee education efforts.
Focused Wealth Management’s commitment to onsite education:
01. INITIAL PHASE
- Meeting with your participants at the outset of our relationship to introduce the new program and give participants a comfort level with Focused Wealth Management as their new provider
- Explaining the benefits of the plan: advantages of participation, reviewing plan highlights, discussing investment basics and examining the new investment options
02. Ongoing Education
- Meet with your participants one-on-one on a quarterly basis
- This is an incredible value added service that generates great excitement among plan participants
- Gives participants a chance to discuss their personal financial situation in a private setting
- Meet quarterly in larger groups to explore the plan in more depth, discuss recent market and economic trends and revisit the concept of asset allocation.
- Through these meetings we reinforce participants’ understanding across all facets of the plan and help them use it as a wealth creation tool.
- We stress an open, informal approach in our on-site meetings. We stimulate discussion and facilitate interaction so participants can get the most out of each meeting. We keep group sizes small whenever possible. This is important to reduce participants’ sense of “intimidation” that can come from being in large group settings, which can make them reluctant to ask questions
03. Supplemental Communications
- We stress an open, informal approach in our on-site meetings. We stimulate discussion and facilitate interaction so participants can get the most out of each meeting. We keep group sizes small whenever possible. This is important to reduce participants’ sense of “intimidation” that can come from being in large group settings, which can make them reluctant to ask questions
NON PROFIT 501c3
Focused Wealth Management serves as a co-fiduciary in writing to your Foundation. As your fiduciary, We shoulder the bulk of responsibilities to help foundations meet the multitude of obligations to their organization.
INITIAL PHASE
- Analyze the portfolios current performance
- Analyze the portfolio for fees
- Determine the proper asset allocation
- Implement appropriateFocused Wealth Management model
- Draft Investment Policy Statement (IPS)
ONGOING PLAN MANAGEMENT BY FOCUSED WEALTH MANAGEMENT
- Develop, manage, monitor, adjust and rebalance risk-based investment models
- Daily monitoring of investments
- Ensure that as a whole, the foundation account has distinguishable risk/return characteristics
QUARTERLY MEETINGS WITH PLAN COMMITTEE
- Review Quarterly Performance
- Focused Wealth Management provides a detailed review of all aspects of the account, including economic, market and investment performance
- Review investments performance against best-fit benchmark and peer group
- Assess each investment option’s performance over time (e.g., over a full market cycle—generally three to five years) in order to not overemphasize short-term results
- Note if there has been any significant change in the asset size of an investment option. If this is the case, determine if the change could hamper the option’s ability to meet its investment objectives or adversely impact the option’s investment implementation
- Review the reasonableness of each investment option’s fees and expenses when compared to similar alternatives in the marketplace
Meet the Team at Focused Wealth Management
Discover the Experts Behind Your Financial Success
Get to know the dedicated professionals who drive your financial success with their expertise and commitment. Meet the team at Focused Wealth Management.