Strategies

The correct tools are needed for any job worth doing right. Lucido-Morris Wealth Management is positioned to offer most financial tools available in the market place, but only after we understand your family and/or business, your current position, your risk tolerance, and your vision for the future. Most importantly, we will take into consideration how these tools will provide you with financial balance by enhancing your existing holdings, mitigating future risks, and increased flexibility when making future decisions as you strive for financial independence.

Risk Management Analysis

Implementing a risk management program is fundamental to an individual family or business.  The economic loss that can result due death, disabling injury or sickness can be devastating.  Lucido-Morris Wealth Management offers knowledge on selecting life, disability and long term care insurance coverage for such a program.

We conduct a financial security analysis to determine the appropriate protection for families, companies and their key executives, which encompasses evaluating risk management needs and balancing them with living or wealth accumulation objectives. We design risk management programs to be affordable, to fill corporate and individual needs, and to be flexible enough to allow for a change as needs change. Our analysis also involves a review of any existing coverage to ensure it is cost effective and includes up-to-date features.

Through risk management analysis, we can deliver strategies in the form of policies valued and designed according to our clients’ needs.

Retirement Planning

Having the ability to retire comfortably and free from financial pressures remains the main issue for our clients - both for individual families and business owners. It is critical that the retirement plan be properly assigned, implemented, communicated and administered. The appropriateness of a "qualified" or "non-qualified" plan for any individual is determined based on the individual’s existing financial condition as well as on his or her goals and dreams.

Retirement planning is dynamic, due to the changing tax laws and individual circumstances of our clients. It demands continued and careful analysis, proper asset allocation and implementation.  Most importantly, we must consider various exit strategies and create options for our clients which will allow them to flexibly adapt as their life unfolds.

College Education

For many people there is no financial objective more important than providing for an education for their children, whether that be fully funding their college education costs or helping out at various levels. So whether you are planning on providing a full scholarship or simply helping out as much as possible, Lucido-Morris Wealth Management will guide you through the multitude of options available.  It is important to consider many factors not just finding a particular product or investment. We will develop a strategy that takes into effect the age of your children, who is contributing the capital, what are the potential tax and financial aid implications, if your child receives a scholarship or does choose to attend college, market/interest rate fluctuations, and the rising cost of college tuition. 

Investments

Effective planning and execution, properly integrated with your overall comprehensive plan, is crucial to your success.  Only a financial firm with an appreciation of the full breadth of financial opportunities within today’s complex marketplace can tailor an investment strategy to meet your unique needs.  Lucido Morris Wealth Management offers a full spectrum of investment and retirement products through Park Avenue Securities, LLC (PAS).

Park Avenue Securities, LLC offers a wide variety of trading platforms that provide the flexibility to trade securities in the manner most beneficial to you, and includes stocks, bonds, mutual funds, Exchange-Traded Funds (ETFs), unit investment trusts, options and variable contracts. Park Avenue Advisory Services offers access to proprietary, private label and non-proprietary fee-based investment planning from some of the nation’s leading investment advisory firms.

Business and Estate Planning

Lucido Morris Wealth Management assists business owners in the design and implementation of programs to ensure their businesses are passed along to family or valued employees without being detrimentally impacted by estate or inheritance taxes. We help owners and executives plan their personal estates to ensure maximum distribution and conservation to future generations.

Executive Compensation

Non-qualified deferred compensation programs, typically employed to provide supplement retirement benefits to senior management, include selective incentive plans, wherein the company makes contributions to fund the plan on behalf of selective employees. Executive Compensation plans are a popular vehicle to attract and retain key individuals of your company.

Corporate Retirement Services

Having the ability to retire comfortably and free from financial pressures remains the main issue for our clients - both business owners and employees. It is critical that the retirement plan be properly assigned, implemented, communicated and administered. The appropriateness of a "qualified" or "non-qualified" plan for any individual is determined based on the individual’s existing financial condition as well as on his or her goals and dreams.

Retirement plans are dynamic, changing as client’s businesses and tax laws change. They demand continued and careful analysis, IRS compliance review and plan administration. Working closely with consulting actuarial firms allows us to provide the ongoing administration of our client’s plans, including document preparation, annual reporting and servicing.

Business Succession Planning

A key goal of many of our business owner clients is to someday transfer their business interest to either family members or key employees. Properly done, this type of planning can offer to both the current and successor owner a worry free, tax efficient method of business succession. Furthermore, the loss of a business owner through death or disability can catch even the most efficiently managed small companies off guard and, worse, unprepared to deal with the repercussions. Family businesses, in particular, are susceptible to erosion of capital due to estate taxes and legal fees; not to mention the possible hurdles of voting control being scattered among heirs, with conflicting points of view impeding the business’ operation and growth.

Employee Benefits

Providing an employee benefits package that includes quality, affordable health care coverage continues to be one of the greatest challenges for today’s employers. We put our considerable experience in this field to work on delivering alternatives to our clients. We evaluate the design of different benefits packages to achieve the best pricing structure and advice on implementing such options as cafeteria plans that allow for employee cost-sharing through tax deductible contributions. As well, we administer the benefits program, assisting employers with the claims filing procedure.