Dyste Williams Financial Group offers flexible, fee-based advice dedicated to helping you define and achieve your financial goals. . We help clients create, protect and distribute their wealth.
Reaching Your Goals
As your wealth coach and counselor, we provide unbiased advice to help you assess your needs, plan for your financial future and reach your life goals, whatever they may be. We’ll help you define your goals and write a strategic plan as a guide. Our focus is on comprehensive planning. We look at the entire situation and help with every facet.
Our First Meeting
The first step is to set up a complimentary assessment meeting. We get to know you and what you would like to accomplish. You decide if we’re a good fit for your needs. There are six parts to our flexible financial planning process, and you can pick several or complete the entire process. The process includes cash flow and budgeting, risk management, tax planning, investment planning, retirement planning, and estate planning.
Cash flow and budgeting are an important part of any financial plan. We help you determine your needs vs. wants and work with you to establish a budget. We’ll discuss cash reserve strategies, discretionary income, debt management using lines of credit and net worth.
This part of the process is an insurance review. We review your current insurance coverage, assess your liability, and discuss your needs and preferences. Do you feel adequately protected? What’s the right amount of insurance for you? We listen and make recommendations. The insurance overview includes discussion of employer benefits (if applicable), life insurance, disability, long term care, auto and home policies, umbrella liability, deductibles vs. cash reserves, policy status, beneficiary designations, special needs situations and additional coverage strategies.
Health care planning can have a significant impact on finances for those close to, or in, retirement. It’s important to consider the choices carefully, particularly regarding Medicare and Medigap policies. We work closely with our in-house expert in these matters, Heidi Michaels of Dyste Williams.
We can work with you and your accountant to maximize your tax planning opportunities. We look at ways to reduce taxable income, restructure investments to your benefit and develop strategies to improve net income.
Assessing our clients’ investments is a key part of what we do. We review asset allocation based on your risk tolerance and the performance of your current investments. We may recommend repositioning investments to get you on track to reach your goals. We recommend investments from a wide range of stocks, bonds and mutual funds. You benefit because we are an independent investment resource not tied to any specific investment company or entity.
- Asset allocation
- Stocks, bonds, mutual funds
- Education funding
- Lump sum accumulation
- Options/restricted stock
- Non-qualified deferred compensation
- Ongoing investment fees
- Risk tolerance
- Tax implications
- Cost basis
- Diversification strategies
- Dollar-cost averaging
- Market timing issues
- Alternative investments
- Vacation homes
- Real estate
We review retirement plans, both individual and through employers, to examine diversification. If necessary, we will realign risk to your benefit. How and when you withdraw retirement money has important tax implications, and we can help you distribute assets to your best advantage. We can help you manage or set up 401K plans (and 1-person 401Ks), pensions, simple IRAs, SEPs, 419 plans, Roth 401Ks and Roth IRAs. We address pre-age 59½ strategies and Social Security, as well as Roth conversions, income streams and transitions, minimum distributions, tax transitions and risk tolerance.
We help clients determine the best way to leave a legacy. We can help you use wills, trusts, and other advanced planning techniques to distribute your wealth to family and/or charity.
- Estate balancing and liquidity
- Capital transfer
- Asset ownership
- Wills and trusts
- Special needs dependents
- Family foundations
- Generation skipping
- Educational trusts
- Charitable planning
- Charitable remainder trusts
Planning for Business Owners
Business owners have complex financial lives that blend business and personal considerations. We offer comprehensive planning that incorporates both individual and business needs. We understand the greater needs of the business owner who must consider personal tax and retirement issues while strategizing to maximize the financial health, success, and future of the company.
For more information or an appointment, please contact Patrick Boria, Managing Director, 952-843-4437.
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PATRICK BORIA, MANAGING DIRECTOR
Patrick Boria, LUTCF, CLTC, is Managing Director of Dyste Williams Financial Group. Patrick is a wealth coach and advisor who excels at helping clients work through all aspects of their financial puzzle and take action to achieve their goals.
Registered Representative. Securities offered through Cambridge Investment Research, Inc., a Broker/Dealer, Member FINRA/SIPC. Investment Advisor Representative Cambridge Investment Research Advisors, Inc., a Registered Investment Adviser. Dyste Williams Financial Group, LLC and Cambridge are not affiliated. Check out the background of firms and investment professionals on FINRA’s BrokerCheck.