Understanding Your Investment Needs
We’ve been helping friends and neighbors understand their investment needs since we opened our doors in Reno in the early 1990s. Our first steps in understanding your investment needs are listening to you and the goals you’d like to accomplish. Once we get a sense of those, we’ll start tailoring a plan that suits your needs. Since planning for financial freedom rarely comes down to investing alone, we’ll look at your insurance coverage, explore tax efficiency strategies and review your estate plan. Each of these plays an important role in helping us understand your investment needs. Whether you’re a long-time Nevada resident or one of our new neighbors, our Team is here to help bring meaningful impact to your life through investing.
TCI's Effective Investment Strategies
TCI’s data-driven approach to investing is about focusing on long-term results. A lot of noise surrounds investing, and we think it’s best to tune that out. The noise can make people feel stressed and overwhelmed. Who needs more of that? Instead of focusing on market activity, we want to build a plan with which you are comfortable and confident. Our goal is to provide you with peace of mind knowing you and your assets are in good hands. There are more important things to do in the beautiful Reno area than worry about your portfolio. We would rather have you skiing down Mt. Rose, hiking the Tom Cooke Trail or mountain biking the Dry Pond Loop, or whatever you’re into than track market performance.
Creating Your Custom Investment Strategy
A well-built financial plan feels like a puzzle coming together, potentially messy at the beginning but once the pieces come together your objectives take shape. When these details are taken care of you have more time to focus on your purpose and passions, and that’s when you truly begin to be yourself. The plans TCI creates for clients are built around their unique investment needs and consider cash flow needs, risk tolerance and behavior towards money. The plans are not about chasing hot stocks and hoping for a big hit. Our plans are backed by academic research and discipline. Markets may jolt, but they shouldn’t derail a well-crafted plan.
What Does a Successful Investing Experience Look Like?
The number one question we receive is “Will I outlive our money?” While this question holds a lot of weight, finding the answer is simple. At TCI, we examine three key questions:
- What is your desired lifestyle?
- What are your goals?
- How much will it cost?
When we answer these questions, we set the baseline for the goal of your financial plan, and we begin to envision an outcome from which we can work backwards. Your financial plan and fulfilling your aspirations are all about you–the Advisor you select to accompany you on your financial journey is a means to help you get wherever you want to go.
Tax Planning in Reno
We all want financial peace of mind in our future. At TCI, one way we achieve this for our clients is through proper tax planning, often referred to as being tax efficient. Since we are focused on fulfilling long-term goals, one of the last surprises we want you to receive is an unexpected tax bill. While you are taking advantage of all the Reno area has to offer, we want you to focus on the breathtaking place we call home. Whether you’re skiing, mountain biking, or hiking, our purpose is providing you the peace of mind of knowing that your financial plan is in good hands.
Tax Planning is Part of TCI's Roots
In 1984, Douglas L. Nelson CPA, PFS, with his partners, opened Ashley Quinn Nelson Consultants and CPAs in the heart of Incline Village at Tahoe Boulevard and Country Club Drive. Douglas’ firm specialized in tax planning for individuals, families and businesses. His clients noticed the integrity he brought to their accounting needs and eventually, the conversation shifted to other financial topics, such as wealth management.
Douglas was not impressed with the advice his clients received from some advisors, and this got him thinking. Could he bring the ethics of a CPA to wealth management? Within a couple years, Douglas transitioned from being a CPA to being a wealth advisor. Yet, he never lost sight of his CPA roots, utilizing his accounting knowledge in every plan he built. Doug is now based out of TCI’s Tucson office. Now, he and TCI bring tax efficiency strategies to our clients in the Reno area.
Tax Optimization in Reno
While we’re not CPAs, part of our comprehensive approach to wealth management involves suggesting ways to optimize your taxes, because financial plans and tax planning go hand in hand. By making recommendations, we try to plan for the future. As early as possible, we want to identify any tax liabilities your plan may have. For example, if you incur any capital gains taxes, we can help you offset them by donating to one of Reno’s remarkable nonprofits. Mapping out your tax future is one of the many ways we help plan your financial future. We want to get to know you and your goals. Then, we can build a financial plan that utilizes tax strategies to help you achieve your goals.
Our Tax Planning Approach
Our approach to tax planning is straightforward and time-tested, and our strategies are unique and personal. First and foremost, your current economic situation, as well as your future goals as a client, are always at the forefront. Every decision we make is centered on you. The second is based on real-time tax data with the goal of keeping as much money in your pocket as possible. Our method is fact-driven and data-focused, using high-level tax expertise you and your family can trust.
Insurance Planning in Reno
Looking for Insurance Planning in Reno? Secure your financial future with customized insurance plans at TCI. Our experienced wealth Advisors connect you with local agents for the protection you need.
Understand Your Coverage
There are countless insurance plans available. It’s overwhelming to know where to start and who has your best interest at hand. Before talking to someone, make sure you have a good grasp on your current insurance coverage. Here is a “to do” list as you start your insurance journey.
- Review each of your insurance plans.
- If you can identify gaps in coverage, act sooner rather than later. Do not wait for a significant event to happen to discover the insurance coverage you have in place is insufficient.
- Talk to your employer to see what insurance options are included in your benefit package. Employer-provided coverage may not be adequate, but it is a good place to start and is usually offered at reduced cost.
- Analyze your current coverage with an insurance professional who works in your best interest. Consider working with an insurance broker, as opposed to an insurance agent.
Understanding how insurance products work and how they can protect you today and tomorrow is critical in choosing the most fitting policies. When you work with a TCI Advisor, we’ll be with you along the way. If you need education on a particular type of insurance or your needs change, we’ll be the first to help you decide on new coverage.
Looking Beyond Standard Insurance
Hopefully, everyone is covered by the standard forms of insurance: homeowners (or renters), auto, and health. All of these offer important protection in the event something unexpected happens. However, to truly protect yourself and your loved ones, you might need additional coverage, including liability, disability, life and long-term care. These may not be necessary for everyone, but it is important to review whether you need them.
One insurance transition that will be necessary in your life is signing up for Medicare. People often ask us, “ How does Medicare fit into my financial plan, and how do I know which is the right plan?” At TCI, we have resources to help make this transition as smooth as possible. Your health is one of your greatest assets and represents one of the biggest sources of expense. Please, lean on your TCI team as you navigate Medicare and all its intricacies. Give yourself and your family the gift of knowing that you are doing everything in your power to be protected against life’s unknowns.
Creating Your Custom Insurance Plan
Insurance is not one-size-fits-all. You need a custom insurance plan that provides specific protections. At TCI, we’ll consider aspects like your age, family structure, health, and assets to determine what insurance protections could serve you best. Then, we will make recommendations based on your plan and connect you with the right insurance agent to fulfill your needs.
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Contact Reno Team
If you are searching for Reno wealth advisors who put client interests first, who communicate with honesty and warmth, and who are dedicated to providing independent investment and financial planning advice, choose TCI.
Whether you come to TCI for investment strategy, tax planning, cash flow strategy, or financial education, you can expect exceptional advisory services offered with kindness and understanding.
In addition to Reno we’re also proud to serve Scottsdale, Tucson, Denver, and Flagstaff. If you have questions for our firm or you’d like to see if we’re a good fit for each other, fill out the form below. We’d love to hear from you.