Our Services for...
Net Worth of $25 million+ or Investable Assets of $10 million
Tax Planning
Tax Reduction, Efficiency, & Investment Tax Harvesting Strategies
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Business Owner
Business Succession, Liquidation, and Generational Planning
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Business Owner
Tax Planning Strategies 10 Years Prior to Selling or in Anticipation of Selling
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Financial Life Coach
Financial Quarterback & Family Guidance
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Estate Planning
Wealth Transfer & Gifting Strategies
Wealth Transfer & Gifting Strategies
Estate Planning
Trust(s) & Controlling from the Grave Strategies
Trust(s) & Controlling from the Grave Strategies
Estate Planning
Wealth Preservation & Generational Planning
Wealth Preservation & Generational Planning
Insurance Planning
Protection & Wealth Optimization Strategies
Protection & Wealth Optimization Strategies
Asset
Management
Publicly Traded & Downside Protection Strategies
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Asset
Management
Private Equity & Private Credit
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Asset
Management
Real Estate Investments, REITs, 1031 Exchanges, DST, Opportunity Zone
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Asset
Management
Alternative Investments
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Philanthropic & Charitable Planning
Making a Difference Strategies
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Executive Benefits / Corporate Stock Programs
ISO, RSU, RSA, Stock Grants, ESPP, ESOP, NUA
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Compensating Our Firm
Consulting Fee
Flat Retainer Fee
Asset-Based Fee
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Private Banking & Lending
Securities, Assets, and Margin Lending
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Cash Flow Planning
Cash Flow Needs, Pension, Pension Optimization, & Social Security Strategies
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Special Needs Planning
Protect Loved Ones Who Have Special Needs
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Widowhood Planning
Protect Your Family's Livelihood
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Divorce Planning
Asset Protection, Business & Property Considerations,
Complex Asset Division, Prenuptial & Postnuptial Strategies,
Wealth Protection
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Estate Planning
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Wealth Transfer & Gifting Strategies
Estate Planning
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Trust(s) & Controlling from the Grave Strategies
Estate Planning
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Wealth Preservation & Generational Planning
Insurance Planning
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Protection & Wealth Optimization Strategies
Asset Management
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Publicly Traded & Downside Protection Strategies
Asset Management
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Private Equity & Private Credit
Asset Management
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Real Estate Investments
REITS, 1031 Exchanges, DST, Opportunity Zone
Asset Management
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Alternative Investments
Philanthropic & Charitable Planning
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Making a Difference Strategies
Executive Benefits / Corporate Stock Programs
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ISO, RSU, RSA, Stock Grants, ESPP, ESOP, NUA
Compensating Our Firm
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Consulting Fee
Flat Retainer Fee
Asset-Based Fee
Private Banking & Lending
-
Securities, Assets, and Margin Lending
Cash Flow Planning
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Cash Flow Needs, Pension, Pension Optimization, & Social Security Strategies
Special Needs Planning
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Protect Loved Ones Who Have Special Needs
Widowhood Planning
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Protect Your Family’s Livelihood
Divorce Planning
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Asset Protection, Business & Property Considerations, Complex Asset Division, Prenuptial & Postnuptial Strategies, Wealth Protection
Our Technologies
We pair personalized financial guidance with a range of technology services, including planning tools and artificial intelligence (AI).
Types of Clients We Work With
Every client brings a unique situation with its own set of complexities, stemming from diverse backgrounds. Click the 'Learn More' button to explore the array of clients we've successfully worked with.
Steffens Financial - Financial Planning Services
Click below to learn more about how we implement, maintain, and review your financial plan.
Understanding the Emotional Side of Finances
Finances aren't just about numbers; they are deeply intertwined with our emotions. Whether you’re budgeting, investing, or dealing with debt, emotions can play a significant role in how you manage your money. Here's why it's important to acknowledge and understand the emotional aspects of financial decisions:
Financial Decisions are Often Emotional Decisions
- Money as a Security Blanket: For many, money represents security and stability. When financial situations change, whether for better or worse, it can trigger feelings of anxiety or relief.
- Personal Values and Identity: How you choose to spend, save, or invest can reflect your values and identity. Changes in financial status can therefore affect your sense of self-worth and confidence.
- Past Experiences: Your past experiences with money, whether positive or negative, can shape your emotional responses to financial situations today. For instance, growing up in a financially insecure environment can lead to a heightened sense of fear or caution around money.
Emotional Biases Can Influence Financial Decisions
- Impulse Spending: Emotional highs or lows can lead to impulsive financial decisions, such as splurging during a moment of happiness or stress-shopping during a tough time.
- Fear and Greed in Investing: These emotions can drive investment decisions. Fear may cause you to pull out of investments prematurely, while greed can push you into risky ventures without thorough consideration.
- Avoidance and Denial: Emotional discomfort can lead to avoiding financial realities, such as not opening bills or neglecting debt management, which can exacerbate financial problems over time.
Managing Emotions in Financial Planning
- Recognize and Acknowledge Feelings: Being aware of your emotional state can help you make more rational decisions. Take a moment to assess how you’re feeling before making significant financial moves.
- Set Clear, Realistic Goals: Having well-defined financial goals can provide a sense of direction and control, reducing emotional stress related to uncertainty.
- Develop a Financial Plan: A structured plan can act as a safeguard against emotionally driven decisions. It provides a roadmap to follow even when emotions are running high.
- Seek Support and Advice: Talking to a financial advisor or a trusted friend can offer an external perspective, helping to counterbalance emotional biases. Sometimes, just sharing your financial concerns can alleviate emotional pressure.
Emotional Resilience
- Build an Emergency Fund: This financial buffer can reduce anxiety about unexpected expenses and provide peace of mind.
Mindfulness and Stress Management: Techniques such as mindfulness, meditation, or exercise can help manage emotional responses to financial stress.
Regular Financial Reviews: Periodically reviewing your finances can prevent small issues from becoming overwhelming and help you stay on track with your goals.
Are you getting the personal attention you deserve?
The overriding principle that our clients’ best interests are above all else is the reason why the relationships we’ve built are authentic and long-lasting.
For more information about our firm and the services we offer, send us a quick email or call the office. We welcome the opportunity to speak with you.
info@steffensfinancial.com | 973-786-3696