Services
Financial Planning
The lifeblood of Sherman Wealth Solutions LLC has always been the financial planning process. We review all your current information and provide you with recommendations and options. Through our financial planning and tax background we incorporate several different strategies to assist you in reaching financial independence.
After our meeting, we help you implement your action items. Additionally, we help to monitor your action steps by doing semi-annually/quarterly to ensure the necessary items are completed in a timely matter.
All of our financial planning clients can expect to receive a copy of their financial plan as well as a meeting summary that details the aspects of our meetings.
Investment Management
We research all the holdings in your portfolio thoroughly using the several different types of screening methodology. This ensures we have the proper investment managers and pricing for your portfolios
Additionally, all of Sherman Wealth Solutions LLC clients receive a personal Investment Policy Statement to make sure their wishes are aligned in their investment portfolios.
Employer Sponsored Retirement Plan Advisory
As a way to support our business owner clientele, we have also specialized in the selection and implementation of the different employer sponsored retirement plans: 401(k) Plans, Defined Benefit Plans, SIMPLE IRAs, SEP IRAs, and Individual 401(k)s. We help business owners determine the feasibility of each of the plans to make sure we are obtaining their objectives.
For our 401(k) plan sponsor clients, we offer a unique service that helps them to select the appropriate vendors (custodian, third party administrators, and payroll providers), provide education meetings to participants, help determine an appropriate fund line up, as well as benchmark the different fees to ensure all of the plan fees are maintained at the market rates.
Divorce Planning
We assist with helping clients to prepare financial affidavits, running cash flow scenarios, tax strategy, and settlement analysis.
Tax Services
For our clients taking advantage of our full investment management, financial planning, or divorce planning suite of services, we offer them access to our tax compliance and preparation services. These services are offered through a separate, affiliated entity, Sherman Tax Solutions LLC.
In the current tax preparation environment, taxpayers are generally upset with their tax preparers because of two main pain points: the taxpayer doesn’t have an idea of how much in tax they will owe and the tax preparer is last minute. Providing solutions to these two items combined is the main reason for the success of Sherman Wealth Solutions association with Sherman Tax Solutions LLC.
Sherman Tax Solutions LLC may assist clients in running mid-year and year-end tax projections for planning purposes. This is a twofold benefit because we will be able to provide you with a rough idea of any potential refunds/liabilities you may owe to taxing authorities as well as having a better idea of your tax situation when it’s time to file your returns.
Insurance
As part of our financial planning process, we review your current insurance policies. During this review, we make sure your policies are all in force, the appropriate coverages are maintained, and beneficiaries are up to date.
The types of insurance we advise on for clients are:
- Life Insurance
- Short and Long-Term Disability Insurance
- Buy-Sell Insurance
- Key-Person Insurance
- Home, Automobile, and Umbrella Insurance
- Long-Term Care Insurance