Working with the right advisor can plan an extremely important role in you and your family’s financial journey. That’s why we have worked tirelessly to develop a business model than optimizes our independence as an RIA, to objectively and effectively service our client’s wealth management needs. Independence, although imperative to our model, is not everything. We knew the icing on the cake for our client experience was going to be our philosophy – that’s when we created the Loop
The Difference
What is the Loop?
It’s no secret that in every person/family’s life cycle, there are typically a handful of professionals, each responsible for their own piece of a comprehensive planning puzzle. It’s our belief that all avenues of everyone’s financial life are intermingled and in most cases, reliant on one another. Conversely, we’ve found that the professionals who perform these services for the public seldom have any affiliation, communication or close contact with one another! Crazy isn’t it? After years of witnessing the fallout from this industry disconnect, our solution was to expand our in-house services to encompass all quadrants of our client’s financial lives. By keeping all, or most of your financial lives under one roof, it unleashes us as advisors to stay in “the loop” and do what we do best: optimize your client experience.
Toomey Investment Services
Everything we offer, grouped by what it helps you with.
Your Advisor
- Advisor on retainer: meet or call anytime
- We work with your attorneys and accountants
- eMoney client portalFull reports, live account connections and unlimited document storage
- Quarterly market analysis newsletter
- “Loose Change” publication
Financial Planning
- Comprehensive planning, adjusted during the year
- Goal setting and assessment
- Household cash flow, debt and balance sheet review
- Education planning
- Mortgage analysis and support
- Beneficiary review
- Family meetings and family dynamics
Investments
- Portfolio construction and managementCommission-free stock trading, no-transaction-fee mutual funds and low to no expense ratio allocations
- Taxable investment accounts
- UGMA/UTMA accounts
- Alternative investment analysis
- Asset leveraging strategies
- Executive planningConcentrated stock, stock options, net unrealized appreciation and ESOPs
Tax and Business
- Tax planning
- In-house tax preparation
- Roth conversions and IRA recapture
- Relocation tax planning
- Self-employment planning
- Business planning and entity taxation
- Business retirement plansSEP IRA, SIMPLE IRA, Keogh, 401(k) and Solo 401(k)
- Intrafamily transfers of businesses
Retirement
- Roth IRA and traditional IRA
- Employer retirement plan rollovers
- Lump-sum pension benefit analysis
- Required minimum distribution strategies and concierge
- Inherited IRA and inherited Roth IRA accounts and distributions
Insurance and Estate
- Medicare Advantage and Medicare Supplement plans
- Life insurance analysis and planning
- Long term care planning
- Risk management and asset protection
- Estate planningWills, power of attorney, power of appointment, inter-vivos, irrevocable and special needs trusts
- Generational wealth transfer
- Gift planning and charitable gifting
Our Process
1. We Connect
Toomey Investment Management Inc. is a 6 time recipient of Connecticut Magazine’s Five Star Wealth Manager award* and has also appeared in Forbes Magazine.
2. Getting to Know Each Other
This isn’t about cutting to the chase. The first step to building long standing relationships starts with trust. Our process depends on getting to know you, your family, and what you’re looking to achieve.
3. We Analyze
After taking a look at your current financial/insurance, statements, legal documents, tax filings, etc. we apply all available resources and cash flows to your long term goals. The scope of this analyzation will vary greatly case by case.
4. Follow Up Presentation
We translate an often complicated plan in terms that make sense to you. When clients partner with us, the primary focus is to make your life easier and grant you peace of mind.
5. Implementation
Once you decide to move forward, we begin implementing the plan and initiating the onboarding process. It is imperative that clients take full advantage of the technology solutions offered to ensure constant transparency.
6. Constant Contact
Traditional firms have annual assessments – we don’t think that’s good enough. Our model is fee based, and that means we are always on retainer. If you want to book an appointment, a call/zoom meeting, we are always here.
7. Business of Variables
We are a multi-generational family business and we’re not going anywhere. We aren’t one of a few hundred “advisors” at a multinational corporation that know you as a file number. When a life event occurs (and it usually does) the same advisor you partnered with will be there to talk. We are your personal financial manager that insists on knowing you personally.
Read more about what client-centric planning means in practice in A Client-Centric Approach to Financial Planning.