Wealth Management
We tailor every plan to your unique circumstances and values, emphasizing a tax efficient and risk-aware approach to wealth accumulation and distribution. We can help with:
- Investment Portfolio Design & Management
- Retirement Income Planning
- Tax Planning
- Estate/Legacy Planning
- Philanthropic Planning
- Education Funding
- Special Needs Planning
- Insurance/Risk Analysis
- Executive Benefits, Equity & Stock Option (incl. RSU) Analysis
- Student Loan Analysis
- Cash Flow Analysis
Portfolio Design
Our portfolio management process includes a customized Investment Policy Statement (IPS) based on your level of comfort with investment risk or loss, as well as your financial goals. This IPS acts as a guide when evaluating your portfolio’s asset allocation, diversification, and strategic rebalancing when the time comes, ensuring we’re always in alignment with your long-term plans. Portfolios are constructed with traditional stock, mutual fund, and exchange traded fund investments. We do not use exotic, illiquid, or overly complicated investment vehicles.
Tax-Aware Investing
When designing your financial plan, we employ strategies to minimize taxes over your entire lifetime, not one year at a time. We also go to great lengths to keep you apprised on the ever-changing landscape of tax regulation and how you may be impacted. Our planning incorporates:
- Optimizing multiple accounts within one household portfolio model
- Taxable, Non-Taxable and Tax-Free accounts are invested differently, as they have different tax implications
- Less tax efficient asset classes (due to expected distributions or higher internal turnover) are placed in retirement accounts
- More tax efficient, typically passive ETF investments are placed in non-qualified accounts
- Active capital gain and loss harvesting, and tax loss swaps whenever possible
- Giving you clarity with a specific score of the tax efficiency of your investment portfolio
Retirement Planning
When planning for retirement, we help you develop a detailed cash flow plan based on your income needs in retirement and the resources available to you.
- Blended withdrawal strategies
- Cash strategies to reduce the risk of drawing down portfolio during market declines
- Strategies to maximize social security benefits
- College loan analysis and optimization
- Pension lump sum analysis
We also offer investment advisory and consulting services to retirement plan sponsors. As an independent RIA, we do not sell products to plan sponsors or receive commissions. Our revenue comes exclusively from advisory fees charged to the plan or paid by the plan sponsor. This alleviates any conflict of interest and ensures all advice is in the best interest of the plan sponsors and participants.
Canopy serves as a co-fiduciary to plan sponsors under ERISA section 3(21).
- Investment monitoring and research.
- Counseling to your investment committee.
- Education and advice to employees/participants.
- Assistance with provider search.
- Plan fee analysis and benchmarking.
- Canopy also offers investment advisory and consulting services to non-ERISA plans such as 457 plans, non-qualified deferred comp plans, etc.