Financial and Investment Planning in Connecticut

When it comes to wealth management, often, it’s difficult to know where to start. There are many factors to consider, and creating a plan that fits your needs can be…

Tax

April 24, 2023

Written by John Wonneberger

When it comes to wealth management, often, it’s difficult to know where to start. There are many factors to consider, and creating a plan that fits your needs can be difficult.

At Nesso Wealth, we’re a full-service financial planning and investment firm that offers comprehensive wealth management services to individuals and families in Connecticut. We provide our clients with the guidance they need to make sound financial decisions, achieve their goals, and protect their wealth.

Our team of experienced professionals has the knowledge and expertise to help you reach your financial goals and navigate through changing market conditions.

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Our Top-Notch Wealth Services in Connecticut

True wealth goes beyond cash. It’s the ability to live your life freely, without restrictions. True wealth is knowing that your next generation will be well-taken care of. And finally, true wealth means having peace of mind about your future.

Here at Nesso Wealth, our mission is to help you achieve those goals—no matter where you are. Whether you’re just starting and trying to save up, getting ready to retire soon, or already enjoying retirement, we want to assist you in any way possible.

We’re not simply financial advisors. We mentor you through the most crucial points of your life so that nothing stands in your way from achieving goal success. Our financial advisor’s skillset includes coaching people from all walks of life to find their definition of wealth.

At Nesso Wealth, we help you establish a definition of wealth, develop a plan to help achieve this vision, and then support you along the journey to maintain the new level of prosperity achieved. There are 2 main wealth management services at Nesso: Financial Planning and Investment Planning.

Financial Planning at Nesso Wealth

Our financial planning professionals will work with you to evaluate your current situation and determine your assets, income, and spending. This evaluation will help us to identify the following:

  • What do you need daily?
  • What are some steps you can take to achieve your financial goals?

We provide regular reviews and modifications to your financial plan, ensuring it stays current and dynamic. Your road to financial success begins with finding the right advisor. At Nesso Wealth, we take a bespoke approach to your individual or business needs.

How Does Our Financial Planning Program Work?

Financial planning creates a roadmap to achieve your short-term and long-term financial goals. Nesso Wealth will work with you one-on-one to get an in-depth understanding of your unique financial situation.

We’ll develop a personalized plan that outlines steps to reach your desired level of wealth.

The Benefits of Financial Planning

Many benefits come with financial planning, some of which are:

  • Achieve short-term and long-term financial goals.
  • Save money by avoiding costly mistakes.
  • Reduce stress associated with finances.
  • Make informed decisions about how to best use your money.

 

Why is Financial Planning Important?

Financial planning is important because it gives you a clear path to follow as you work to achieve your financial goals. It can help you make better decisions with your money and avoid costly mistakes.

Our financial planning program will consider your current situation, goals, and the risks involved in achieving those goals. It will also consider your time horizon and the resources you have available to you.

Investment Planning at Nesso Wealth

Investment planning is creating a roadmap to achieve your financial goals through investing. When you use our investment process, we provide you with the information and service needed to proactively achieve your financial goals while fostering transparency and trust.

At Nesso Wealth, we offer each of our clients a unique perspective through personalization and cutting-edge technology. Our team works with you to create a comprehensive financial plan that accounts for your short and long-term wealth management goals.

Using the latest software, we monitor your progress and make regular adjustments to ensure that you are always on track. Together with your advisor, you’ll build a model and regularly monitor your portfolio to assist you in achieving your goals.

The Benefits of Investment Planning

There are many benefits of investment planning, some of which are:

  • Achieve short-term and long-term financial goals.
  • Save money by avoiding costly mistakes.
  • Reduce stress associated with finances.
  • Make informed decisions about how to best use your money.

 

The Importance of Investment Planning

Investment planning is important since it gives you a clear path to follow as you work to achieve your financial goals. It can help you make better decisions with your money and avoid costly mistakes.

Having an investment planning process in place will make it easier for you to track your progress and make necessary adjustments. Nesso Wealth is here to help you with every step, from creating your initial plan to monitoring your progress and making regular adjustments.

Other Wealth Management Services We Offer in Connecticut

In addition to financial planning and investment management, Nesso Wealth offers other services. These services include:

Retirement Planning

People often think of retirement as an ambiguous concept that is challenging to define and far in the future. As a result, more people are unprepared for retirement than at any other time in history. According to the Insured Retirement Institute’s 2019 study, 45% of baby boomers haven’t put any money away for their retirements.

Nesso Wealth can help you take control of your retirement by mapping out a plan that accounts for your specific goals and needs. We understand that sometimes retirement seems daunting, but we’re here to help you every step of the way.

Estate Planning

Your legacy is more than your tangible assets. It encompasses your values, the enduring memories associated with you, and your entire belief system. Your estate plan should be a faithful reflection of the legacy you want to leave behind.

Our advisors will help you create a comprehensive estate plan aligned with your financial goals and objectives. This may include beneficiary reviews, creating a will or trust, regular updates and reviews, addressing commonly overlooked items that can create risks for your loved ones, and more.

We’ll help you consider the following:

  • Medical Power of Attorney – Who can doctors discuss your medical information with?
  • Durable Power of Attorney – If you’re incapacitated, who should be able to direct your assets without court approval?
  • Living Will – What will happen if you’re unable to make your own medical decisions?
  • Special Needs Trusts – If you have a loved one with special needs, how can you pass assets to them without jeopardizing government benefits?
  • Second Marriages – Do your beneficiaries align with your wishes, including your former spouse or children from prior relationships?
  • Blended Families – Does your estate plan include your stepchildren?
  • Nontraditional Families – Does your estate plan protect your significant other or family members?
  • Creditor Protection – Are the assets in your estate protected from your beneficiaries’ creditors?
  • Dementia – Does your estate plan, medical power of attorney, or trust include the possibility of dementia?

 

Tax Planning

Taxes are one of the biggest expenses you’ll face in your lifetime. Nesso Wealth can help you minimize your tax liability through comprehensive tax planning. We’ll work with you to understand your unique financial situation and recommend strategies to help you save money on taxes.

Our firm has a professional tax team of CPAs that can coordinate with your Accountant to review past returns and identify potential savings or restructuring opportunities. Consequently, you will proactively learn ways to save money in the future.

We offer financial planning services that focus on tax efficiency. This encompasses many needs, from retirement savings to developing strategies for reducing income tax liability.

  • Investment: Understanding the tax consequences related to your investments.
  • Retirement: Maximizing your retirement plan savings under current tax law.
  • Business: Evaluating business structure to optimize the benefits of the Internal Revenue code.
  • Industry: Focusing on opportunities unique to your individual business or industry.

How Does Our Easy Process Work?

At Nesso Wealth, we want to make your financial and investment planning in Connecticut as easy as possible. Here’s how our process works:

#1 Schedule a Consultation

The first step is to schedule a consultation with us. We’ll meet with you to discuss your financial goals and objectives. This initial meeting is complementary and comes with no obligation.

#2 Develop Your Plan

After our initial consultation, we’ll develop a comprehensive financial plan tailored to your needs. This plan will be designed to help you achieve your short and long-term financial goals.

#3 Implement Your Plan

Once your financial plan is developed, we’ll work with you to implement it. We’ll help you make changes to your investment portfolio and other accounts. We’ll also provide ongoing support.

Working With Us Has Many Benefits

There are many benefits to working with Nesso Wealth, including the following:

  • An easy process that’s designed to be convenient for you.
  • A focus on tax efficiency can help you save money on taxes.
  • A team of experienced professionals who are dedicated to helping you achieve your financial goals.
  • A comprehensive approach to financial planning that considers all aspects of your financial life.

 

Nesso Wealth: The Leading Financial and Investment Planning in Connecticut

Stop looking for other wealth management firms. At Nesso Wealth, we’ve got you covered. Nesso Wealth is dedicated to helping you grow and protect your wealth so you can live your best life. We count on a team of financial professionals with the experience and knowledge to help you make sound financial decisions.

Nesso Wealth offers comprehensive wealth management services designed to meet your unique needs. Every business has different goals, so we tailor our services to fit each client. Contact us today to get started.

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