Education Planning Services
Planning for your children’s or grandchildren’s future gives them the opportunity for success.
Take the stress out of financing your family’s education
We have extensive knowledge and experience in education planning. Let us help you identify and invest in education savings plans that help your family achieve their goals.
Comprehensive
We provide a comprehensive analysis of an individual or family’s financial situation, including their income, expenses, assets, and liabilities.
Customized
After considering your risk tolerance and specific needs, we’ll find a fit for you out of the multiple education savings accounts and plans we have available.
Tax-Efficient
Our guidance includes strategies such as using tax-advantaged education savings accounts and finding tax credits and deductions for education expenses.
Risk-Managed
We can monitor your accounts and investments on an ongoing basis to optimize returns and manage unexpected risks like market volatility or changes in financial circumstances.
Education Savings Accounts & Plans
We offer the following accounts to assist you in planning for education expenses:
- Custodial Accounts (UTMA/UGMA)
- Education Savings Accounts (Education IRA)
- 529 Plans
How to Get Started
STEP
1
First Meeting
At our first meeting, our priority is getting to know you and your goals. We’ll gather basic information, review your budget, and answer any questions you have.
STEP
2
Plan
In the planning stage, we’ll gather and organize your documents and data, prioritize your goals, and develop a plan for meeting those goals. Targets will be set to define success.
STEP
3
Act
Online access will be set up so you can monitor your accounts. Any paperwork for transferring or creating new accounts will be completed, and we’ll set up future appointments to check in.
STEP
4
Maintain
As we monitor your progress together, we’ll update your portfolio, plan, and budget. We can check tax returns for missed opportunities and discuss future needs like insurance, college planning, or a new home.
Wealth Management Services FAQ
Q: How do you charge for your services?
A: We are a fee-based RIA firm which means that the advisor charges a fee based on the assets managed. Consultations with the advisor are always free, and the exact tiered-fee structure is reviewed with every client during their first meeting before doing any investing.
Q: What is the minimum amount of assets required to work with your firm?
A: There is no minimum amount required to work with our firm.
Q: Can I meet with a wealth manager in person, or is everything done online?
A: We prefer that the first meeting with your advisor is in person if possible, however, we are also equipped to do online meetings. All of the paperwork, however, will be done electronically through secure electronic signings.
Q: How often will I meet with my wealth manager?
A: It is recommended that every client meet with their advisor at least once a year for an annual review to ensure that portfolio goals and objectives have remained the same. These meetings can be conducted in person, online, or through a phone review.
Q: Can I access my accounts and view my investments online?
A: Once you become a client of our firm, you will have the option to set up an online account where you can view your accounts as well as access statements, tax documents, and performance information.
Why Bowater Wealth Management
We understand that every client is different. Choose Bowater Wealth Management for personalized financial planning that puts your goals first.
