Wamhoff establishes long-term relationships with clients and their families, designing unique plans and providing clients the opportunity to continue doing what they do best, and helping them reach their retirement and investment goals.
Upon your first call to Wamhoff, you’ll receive a packet of information describing the firm and your investment options. That packet also includes a guide, listing all of the items to bring to your first meeting, along with a questionnaire which will help us to determine your goals, risk tolerances, and ideas. This will help us craft a plan that will be uniquely tailored to your needs.
Prior to your first meeting, we ask that you send us all requested information so that we can begin the process of analyzing your current portfolio and printing reports to review with you during our time together.
We see each client’s goals as distinctive: Like fingerprints, no two are alike. Your family’s plan must be equally unique, we believe our most important role is to serve as your advocate. This means:
Our planning process has six simple, but important, steps:
Advice is provided on investment management, retirement planning, estate planning, risk management, business succession planning, income tax planning, employee compensation planning and education funding, as well as other topics specific to the needs of individual families.
Our clients and their goals are of utmost importance, and we are committed to providing them exceptional service.
Wamhoff is an Independent Financial Planning Firm. That means we do not work for any one bank, investment house, or insurance company. Instead, we work for you. Being independent means we have the ability to provide you with the solutions that make best sense for your needs and goals – wherever those solutions might come from. We’re not bound to any one institution, or limited to any one product line.
Because we offer clients both financial planning and accounting services, all under one roof, we have the ability to manage your entire financial picture. Whether you’re an individual, business owner, non-profit, or part of a family trust, Wamhoff has the knowledge and experience to help you with investments, tax planning, tax filings, daily bookkeeping, and wealth transfer.
When you call the Wamhoff office, you are greeted by a live person – no recordings, no automated system that you must navigate. Because we’re local, we’re easily accessible for phone calls and meetings, and other members of our large staff can assist you if your primary advisor is not available.
Our goal is to take the stress and complexity out of managing your own personal financial affairs, so you can work toward living the life of your dreams. Our role is all about serving you: providing you customized, individual service. Wamhoff is also available to review and advise you on existing life, health, disability, property and casualty insurance policies.
Wamhoff views retirement in two phases: the accumulation phase (working years) and the disbursement phase (retirement years). For the former, we will help calculate and structure savings plans based on specific goals and objectives, and provide ongoing monitoring of the progress towards those goals. For those nearing retirement, more intense evaluation is applied and strategies are developed for your “paycheck replacement” after retirement.
During retirement focus is placed on tax-efficiency of withdrawals, determining from which accounts and which asset classes retirement withdrawals should be made, and providing ongoing analysis designed toward making your money last your lifetime
Wamhoff act as advocates for you and your family, creating long-term, personal relationships dedicated exclusively to helping you toward your financial goals and living your dreams.
Wamhoff has been ranked as one of the largest independent financial planners, based on assets under management, by Registered Rep Magazine1. In addition, Wamhoff has consistently been ranked the top producing independent financial representative with our broker/dealer, VSR Financial Services. 2011 marks the fourth year that Wamhoff was the top earner at VSR.
“When I started this business in 1975, I knew there was a better way to provide both accounting and financial planning under one roof,” said Wamhoff. “Today, we seamlessly integrate the two, and retain the principles of hard work and commitment to earning trust and standing by our clients through good times and bad.”
Wamhoff prides itself in having “Exceptional Employees, not just good employees, chosen to support a system committed to these values, ones which govern every aspect of the practice.
At Wamhoff, our job is to craft a retirement program that best fits your personal goals and objectives, using the full universe of available resources. In so doing, we provide our clients:
Diversification is KEY! That’s why Wamhoff offers clients a wide range of investment options that aren’t available everywhere. These are investments that most financial advisors just don’t have access to, or aren’t licensed (or experienced) to sell. We offer both traditional and alternative investments, including:
Mutual Funds – Hartford, MFS, Oppenheimer, Invesco AIM, Transamerica, Prudential
Variable Annuities – Forethought, TransAmerica, Prudential, Jackson National, AXA, Lincoln
Managed Money – MAP, Tealwood, Russell, Potomac & Bayhawk, GPS
Alternatives/DPP’s – KBS, UDF, Franklin Square, Phillip Edison, ARC, Carter Validus, Resource Real Estate, Northstar, CML
Accredited Programs – Mackenzie Patterson Fuller, Mewbourne
Investment management is a large piece of the puzzle, but the complexities of tax planning, philanthropy, estate planning, business succession and risk management also require a wide range of expertise.
Planning for educational expenses is a high priority for many families. As such, we work with families to help determine the right investments and savings plans to make their children’s, or grandchildren’s, college dreams a reality.
Estate planning is also a critical component of investing. When working with Wamhoff, we will:
Wamhoff will help you construct unique asset allocation strategies specifically tailored for your various portfolios. Each strategy will consider your time horizon and level of risk tolerance. As time and circumstance dictate, we will review your asset allocations and recommend appropriate changes. Where changes in strategy are not required, Wamhoff will provide the rebalance discipline necessary to help you capitalize on the inherent volatility of the financial markets.
At Wamhoff, we offer a wide range of investment options – both traditional and alternative investments – to allow for diversification of your portfolio, and to create the right plan to achieve your unique investment goals. Not all products discussed below are suitable for all investors. The following descriptions of products are general descriptions only and do not include all relevant information to be considered prior to investing. Consider your individual investment objectives and risk tolerances before making investment decisions and discuss those with your financial advisor.
How do we choose the investment options to offer clients? Wamhoff regularly participates in on-site due diligence programs hosted by the investment companies. These programs give advisors an opportunity to learn more about the investment, ask questions, and meet some of the representatives associated with the program. Wamhoff takes this process very seriously, and financial planning staff attends the programs in locations across the country. If programs are not available, Wamhoff requests a due diligence program on-site, or invites a representative of the company to Wamhoff’s office to review the investment and answer questions.
In addition to participation in due diligence programs, Wamhoff invites various investment representatives to St. Louis to do presentations and educational events for clients. This gives clients the opportunity to meet with the company, ask questions, and get the information they need to make decisions about their savings and investments.
A fund family is a mutual fund company offering many mutual funds, for various objectives. We use a variety of these companies in our managed accounts in order to provide diversification as well as freedom to pick each company’s top funds.
You should consider the investment objectives, risks, charges and expenses of any fund carefully before investing. The prospectus contains this and other information. Ask for a prospectus and read the prospectus carefully before investing.
REITS – A real estate investment trust, or REIT, is a corporate entity investing in, and managing, income-producing properties. Among other requirements, REITs are required to distribute 90% of their taxable income into the hands of the investors in the form of dividends. In turn, the REIT, itself, avoids significant corporate income tax. REITs can add portfolio diversification and generate income for certain investors, but involve certain risk factors to consider compared to other income producing investments.
REITs are generally illiquid (non-traded) and potential investors are encouraged to thoroughly review the “Risk Factors” section of the prospectus prior to investing. Investing in real estate involves risk and is not be suitable for all investors. Please ask for a prospectus from your representative and review the prospectus carefully prior to investing.
Oil & Gas – Oil and Gas Programs are another form of direct participation programs (DPPs). Offerings usually fall into either exploratory or developmental programs. Exploratory programs attempt to find oil or gas in certain areas. Developmental programs expand operations in areas already known to have oil or gas.
DPPs are most suitable for clients who need tax advantages on passive income, such as clients in the higher personal tax brackets. Oil and Gas DPPs may also be good investments for obtaining appreciation of capital. Most oil and gas programs are also illiquid (non-traded). Accordingly, DPPs should be considered long term investments.
Oil & Gas DPPs can add portfolio diversification and generate income for certain investors, but also involve certain risk factors to consider. Potential investors are encouraged to thoroughly review the “Risk Factors” section of the prospectus prior to investing. Investing in oil and gas programs is not suitable for all investors. Please ask for a prospectus from your representative and review the prospectus carefully prior to investing.
Active Money Management– Active money management involves ongoing buying and selling by Wamhoff as your advisor. We actively purchase investments and continuously monitor their activity in an effort to take advantage of what we feel are profitable conditions. We use active money management to provide our clients with the service of monitoring their investments on a daily basis. We do not believe the old buy and hold strategy will sustain the type of returns we believe active management will provide. We charge a flat management fee on these accounts instead of our clients paying a commission on every transaction.
Planning your portfolio– We believe this is one of the most important steps in your retirement planning. There is a large amount of information that should be gathered to plan your retirement. We like to look at everything from your current investments to what the terms of your home mortgage may be. In order for us to create your tailored retirement plan it is imperative to have a snapshot of your entire financial situation and future plans.
Portfolio Diversification– Diversification through investing in a variety of assets attempts to reduce overall risk in a portfolio. If the asset values of varying investments do not move up and down in perfect synchrony, a diversified portfolio may likely have less risk than the weighted average risk of its investment assets. Diversification allows you to take advantages of many different investments while not getting devastated if one investment were to decline in value.
In regards to an investor, risk tolerance is the degree of uncertainty that an investor can handle in regards to a negative change in the value of his investment portfolio. Investment Risk Tolerance is a life factor that influences the mix of asset classes one would hold. This may vary according to a person’s age, their financial goals, and their income needs. Where and how one invests depends on how they feel about investment risk, how much downside market fluctuations can be tolerated and how much they expect to profit when the markets are going up.
We gauge clients’ risk tolerance into categories, such as Conservative, Moderate Conservative, Moderate, Moderate Aggressive and Aggressive. Once our investment advisor classifies a client to a particular category, based on the client’s input, the investing corresponds directly with this category.
A technique of risk management is diversification. A mix of a wide variety of investments can offer lower overall risk, depending upon the investments chosen. Diversification attempts to lower overall risk. One concept behind diversification is that, when there is positive performance in some investments within a portfolio, there may be offsetting negative performance in other investments within a portfolio. This being said, the amount of diversification within a portfolio may also depend on ones risk tolerance.
SWe assist small to medium sized businesses in the design and implementation of employee benefit programs. Based on the size of the company and long-term objectives, we can recommend appropriate plan designs, coordinate administration and communication between our accounting and financial planning departments. Plan designs include 401(k), profit sharing, SEP IRAs, Simple IRAs, etc.