Comprehensive planning service called "Financial Strategies and Analysis"TM - You as a client are provided with a detailed report, following a detailed analysis, that identifies several financial strategies, which if implemented should result in an amount of "extra money" that is at least a multiple (usually 10 times) of the fee paid at the outset, or the total fee is computed as a percentage of the amount of extra money created. (For example $800,000 of "extra money" would have a fee of $40,000 if a 5% fee was agreed upon at the outset. Another example is $50,000 of "extra money" would have a fee of $5,000 if a 10% fee (or 10 times multiple) was agreed upon at the outset. The "extra money" is the aggregate amount realized in the first year from the following:

• reduced expenses
• reduced income taxes
• the present value of reduced estate taxes
• increased income, including investment income (usually over a defined period of 10 years), and
• other increases in cash flow.

Financial Management Corporation (FMC) is a Registered Investment Advisor, and this service is described in detail in the SEC Form ADV that was filed with the Securities and Exchange Commission and with the Department of Law of the State of New York.

Expected results - Extra money as defined above.

 Fees - A retainer is paid at the start of work based upon the estimated hours X $285 (usually for an amount of $2,500 - $5,000. The balance is based upon the fee arrangement (percentage basis or fee multiple as described above) and is paid upon completion of work and agreement of of the client to implement the strategies. Client satisfaction is guaranteed or the fee is refunded.

1. Meet with Frank Sisco for a detailed discussion.

 

2. Fill in the following FMC forms, which are proprietary to FMC and Frank Sisco. You should click on the underlined words to go to the pertinent web pages and then print the forms and fill them in by hand. If you have any questions, please call Frank Sisco at 914-381-3737:

 

#1 - Checklist for Tax Reduction and Financial Planning

#2 - Family profile

#3 - Financial Snapshot of Assets, Liabilities, and Net Worth

#4 - Financial Snapshot of Cash Flow

#5 - Risk Tolerance Questionnaire

#3 - Provide copies of the following:

• Account statements for bank accounts and investments
• Statements for all mortgages and debts
• Financial statements and tax returns of any closely-owned businesses
• Information about insurance policies (life, disability, health, home, auto, long-term care, supplemental, etc.) including recent statements, projections if applicable, and declaration pages of policies
• Wills, trusts, living wills, health care proxies, etc.

#4 - Have several discussion with Frank Sisco and meet with him to discuss FMC findings and report, and implementation steps.

"Financial Review" - This involves analysis and reporting that is much less detailed (and thus having less precision) than the "A" service described above, but also focuses on developing strategies that generate "extra money."

Expected results - Extra money as defined above.

 Fees - A retainer is paid at the start of work based upon the estimated hours X $285 (usually under $2,000). Client satisfaction is guaranteed or the fee is refunded.

The process for Service "B" is similar to Service "A" but FMC's work and resulting report is less detailed.

 Specialized planning work - This involves work in one or more of targeted areas such as:

• Investment allocation analysis, including effects on taxes, yields, returns, risk, return, expenses, etc.
• Tax planning strategies for income taxes and estate taxes
• Review of adequacy of insurance and comparison of policies
• Review of cash flows and budgeting and what-if analyses
• Debt review including potential for cost reduction through consolidation and refinance
• Retirement planning, including projections using different assumptions, decisions on payouts, cash flow planning, annuities and company retirement plans, social security, place of residence decisions
• Savings strategies, including dollar cost averaging, rebalancing and automatic investing
• The use of computers to improve information management and access and to streamline the processing of data, saving time and expenses
• Estate planning strategies including wills, trusts, gifts, organization structures, various legal documents, etc.

Expected results - Accomplishing a specific objective sought by the client.

 Fees - A retainer is paid at the start of work based upon the estimated hours X $285. The number of hours depends on the work undertaken.

What is needed from you depends largely on which of the above-listed areas are being analyzed and advised.