3 Reasons Your Spouse or Partner Should be Included During Planning Conversations

/ Castle Wealth Advisors, LLC/
3 Reasons Your Spouse or Partner Should be Included During Planning Conversations

Have you and your spouse discussed your retirement plans?  In the 2017 study, Age Wave/ Merrill Lynch, “Finances in Retirement: New Challenges, New Solutions” showed that only 16 percent of pre-retirees older than 50 feel prepared for a 20-year retirement.  

Personally, I found that to be a truly sobering statistic.  As a Certified Financial Planner™ I’ve seen the importance and difference working with a professional to develop and follow a financial plan can make.  Also, I know there is a significant need in our country to help individuals plan their finances and retirements.  However, I was shocked to see a number less than 20 percent!  

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Meeting the Often-Overlooked Needs of Business Owners

/ Castle Wealth Advisors, LLC/
Meeting the Often-Overlooked Needs of Business Owners

Business owner clients put a great deal of faith and trust in their Financial Planners, Wealth Managers, and Accounting Professionals. Clients who own their own businesses rely on us to keep them up to date on events that may have in impact on the financial health of their businesses.  Often times taking a holistic approach when working with business owners is best to address their needs.  

Many financial, investment, and accounting professionals have recognized the need to work with their business owner clients on succession planning.  However, they have not been able to because they lacked a process and simplified workflow needed when working on these cases.  This has led to an ever-widening gap between the client’s needs and the service they are receiving

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Social Security Benefits and You Retirement Plan:

/ CastleWealth Advisors, LLC/
Social Security Benefits and You Retirement Plan:

Many individuals have difficulty understanding how their Social Security Retirement Benefits are calculated and questions about the impact of taking retirement benefits early or waiting receive them.


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Small Businesses Need Retirement Plans Too- Retirement Planning for Your Small Business

/ Castle Wealth Advsiors, LLC/
Small Businesses Need Retirement Plans Too- Retirement Planning for Your Small Business

Providing a retirement plan for your business can be beneficial to both you as an owner and your employees.  With the move away from pension plans many individuals will be relying more heavily on their own savings to provide income during retirement.  One of the best tools we have to create retirement savings is a plan through their employer. 

If you are considering creating a retirement plan for your small business you have several options.  Below will be a discussion about a few of those options.  This is not an exhaustive list and there may be some plan types that will benefit you more than another.  Prior to implementing a plan you should consult with a seasoned professional (financial advisor and tax advisor) who can help you select the plan that will best fit your small business.  The contribution limits and tax deductions can vary from plan to plan and year to year. So, it is advised to work with a trusted advisor.

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Investing for Small Business Owners:  3 Tips to a Better Portfolio

/ Castle Wealth Advisros, LLC/
Investing for Small Business Owners:  3 Tips to a Better Portfolio

For many small business owners, their business is their biggest asset as well as the largest producer of their family’s income. Business owners are entrepreneurs and are generally more comfortable taking on risks. For these reasons, small business owners face unique challenges when considering and selecting investments for their portfolios, and it’s important to keep in mind some basic investment principals. Not doing so can cause business owners to take on too much risk unnecessarily and can endanger their business and their income.

Here are three tips that small business owners should use to guide their investing decisions:

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Understanding the Difference Between a Financial Advisor and a Certified Financial Planner™

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Understanding the Difference Between a Financial Advisor and a Certified Financial Planner™

You more than likely have seen Financial Professionals call themselves by different titles.  And like many other consumers you may be confuse about the differences, or if there are any differences. If you have ever wondered about the difference between your friend’s Certified Financial Planner™ and your Financial Advisor, keep reading to find out. 

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Castle Wealth Advisors, LLC Partners with NMS Capital Advisors, LLC

/ Castle Wealth Advisors, LLC/

Castle Wealth Advisors, LLC., a hybrid Register Investment Advisors located in Los Angeles; Ca. has partnered with NMS Capital Advisors, LLC (“NMS”) a leading global focused investment banking and asset management firm.

Founded in 2006, NMS Capital Advisors, LLC is a leading full service investment banking, securities and wealth management firm headquartered in Beverly Hills, California. NMS provides a full array of investment banking and advisory services including debt and equity capital raising for public and private companies, mergers and acquisitions, cross-border advisory, private equity and hedge fund advisory, valuations and fairness opinions, EB-5 capital advisory, securities brokerage and other strategic advisory services. 

Castle Wealth Advisors, LLC looks forward to working with NMS Capital Advisors, LLC to increase the depth and breath of wealth management, alternative investments, insurance and asset management services offerings. 

NMS Capital Advisors is registered broker-dealer with the Securities and Exchange Commission and are members of the following:

·      Financial Industry Regulatory Authority (FINRA)

·      Municipal Securities Rulemaking Board (MSRB)

·      Securities Investors Protections Corporation (SIPC)

 

/ Castle Wealth Advisors, LLC/ /
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Heather Castle

I am originally from Virginia and grew up in Tuscaloosa, Al.  I completed both of my degrees at the University of Alabama.  My undergrad degree in Finance and then later my MBA from the Manderson Business School through their Executive MBA program. 

I started Castle Wealth Advisors, LLC because I wanted to provide ethical and approachable financial planning and investment management to individuals and business owners, concerned with their financial futures, regardless of age, sex, race, or net worth.

I've always believed clients should work with reputable, qualified, and experienced advisors.  So it was important to me to gain industry experience as well as pursuing additional industry specific designations.  I have passed the following licensing exams:

     Series 7, General Securities Representative

     Series 66, Investment Advisor Representative 

     Series 9 & 10, General Securities Sales Supervisor

     California Life, Health, and Variable Insurance (License #0K01554)

I have been in the financial services industry since 2006 and have work with many differing type of clients over the years.  One thing I know to be true, everyone wants to feel heard and cared about.  Meaning everyone I have ever worked with wants to feel like their desires, wants and needs have been heard and taken into consideration when speaking about their personal financial matters.

Many people have the same goals, they just express them differently, and then there are a few who’s view and desires are completely different.  This is one of the aspects I love about my job.  The PEOPLE!  I get to meet some many interesting people and they challenge me daily.  No day in my line of work is the same.  Today I could be planning for a family who owns a small business and tomorrow working with a women going through a painful divorce.  Listening and building financial plans and strategies around personal needs is why many of my clients have said they do business with me and have stayed with me. 

Another reason I love my job… I get to truly HELP people.  I get to make a living and provide for my family while helping others.  Over my career I have felt a need to dive deeper into financial planning and working with high net worth individuals who have greater planning and investing needs.  Listed below I have highlighted a few of the areas I specialize in:

·      Women in transition (divorce/ death)

·      Corporate Executives

·      Young Entrepreneurs

·      Small Business Owners

·      Family with Special Needs Members

·      Complex Retirement and Estate Planning Needs

Currently I live in Brentwood and really enjoy the West Side of Los Angeles.  I am actively involved with the Junior League of Los Angeles.  I have a passion for trying new things and new experiences.  So, in my free time I love traveling and scuba diving.  I also am interested in learning French, taking pilot’s lessons and dancing the tango!

Concerns Business Owner’s Should Revisit – Don’t Forget A Business Review

/ Castle Wealth Advisors, LLC/
Concerns Business Owner’s Should Revisit – Don’t Forget A Business Review

Whether you have one employee or many, being a business owner is hard work and no matter how hard you try there always seems to be a growing list of tasks that need your attention. I both sympathize and empathize with you.  

For me personally, I started Castle Wealth Advisors, LLC because I felt there were many individuals, families, and businesses who were underserved by the investing and financial planning industry.  I wanted to provide an ethical and approachable financial planning and investment management service to individuals, families, and business owners who were concerned with their financial futures or just had a few questions, regardless of age, sex, race, or net worth.  That was very important to me and it still is today.  

The paths that leads business owners to start their own companies will vary greatly from business owner to business owner.  Sure, we started our companies because we felt there was something we could add to our industries that would be new, make a difference, or help people.  However, there is one common theme among us.  We all need help along the way to ensure we have made informed decisions with regard to our companies.  

Given today’s environment of low interest rates and the increasing volatility in equity markets, many investment portfolios are at risk and for those who own their own businesses the stakes can  be even higher.  This has caused many business owners to re-think their strategies  and goals, both personally and from a comprehensive business perspective.  

If you own your own business here are a few areas to consider:

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5 Retirement Saving Tips for Anyone

/ Castle Wealth Advisors, LLC/
5 Retirement Saving Tips for Anyone

We all know the importance of planning and saving for retirement; we hear it everywhere we go.  We can point to statistics, articles, and studies that all tells us the responsibility of retirement savings is being placed more and more onto the individual worker.  While we may know this and hear it from multiple outlets, how much action are individuals and business owners actually taking?

 

Here are 5 tips to help save for your retirement that anyone can use:

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3 Tips To Make The Most Of Your Tax Return in 2018

/ Castle Wealth Advisors, LLC/
3 Tips To Make The Most Of Your Tax Return in 2018

2017 brought many changes for individual taxpayers and small business owners and left many scratching their heads.  As we approach tax season here are three tips to keep in mind that may help you as you file your tax returns. 

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