Vidwans Financial
As-Needed, Fee-Only Financial Planning
Vidwans Financial, LLC was initially located in and operated from Saline/Ann Arbor, Michigan area but now we are operating from ‘Research Triangle Park’ (Morrisville) area of North Carolina.
OUR PHILOSOPHY
At Vidwans Financial Planning, we are of the firm opinion that financial advice should be given in an environment free from conflicts of interest. As Independent, Fee-Only financial planners, we do not sell any products such as private or personalized funds or accept commissions from the sales of those products, nor do we require account minimums. This philosophy allows us to work independently, free of any third party pressures and solely in your best interest.
We take pride in our independent work in providing hourly, as-needed financial planning and advice to people from all walks of life. Whether you need a second opinion on a particular financial decision or would like professional guidance in reaching all of your financial goals, we are here to help.
Call us or email us today to schedule a meeting. Our initial meeting is complimentary. We need to understand your needs and desires first; hence the first step is getting to know you and finding out how we can best meet your financial planning needs, no matter what they are.
This website provides information about the qualifications and business practices of Vidwans Financial, LLC and more details about how we would conduct our business. Our focus is to keep your interest in mind and provide you what you need and desire for your and your family’s financial health.
About
We are fee-only, independent Financial Planners. Our business is strictly of advisory nature; the advice spans from balancing the monthly or annual budget (and ideas for saving more) to funding children’s (or grandchildren’s) education to complete retirement and estate planning. We recommend investments in stocks, bonds, mutual funds and myriad of other avenues available depending on the risk tolerance of our clients. We often help our clients to set-up their own accounts with broker-dealers or other places where they are more comfortable. We also train and educate them to manage these accounts on their own, if they so desire. Unless it is requested, we do not wish to manage or have interests in any of our clients’ assets. Consequently, there are no quarterly or annual fees based on your assets.
Our experience shows that, as a rule, each client is different, has very different needs that we must address and our advice is always tailored to their needs and specific objectives they put down in their initial application.
We do not sell any specific products as our own and consequently we do not get any commissions or discounts from any one. We are proud of the fact that we are fee only, independent Financial Planners focusing strictly on the interests and objectives of our clients. It matters to us that we advise only what is best for our clients.
As a general practice, we do not recommend any particular firms that our clients must work with for their business or investments interest.
We take pride in helping our clients achieve their goals by identifying, prioritizing and creating personalized plans. Some of the newest trends we are observing are: planning for survivor spouses, probate-free transfer of assets to the next generation and planning for same-sex or unmarried couples among many other issues. We have also seen a very strong need for seniors to start talking to their children and trustees about their own desires and wishes like health decisions, proper transfer of assets, where all the pertinent information is for all of such items and how to access it. Absence of such meaningful conversations can create time consuming and painful problems for the trustees whoever they are.
Mo Vidwans, CFP®, MBA, PE
Services
We provide complete financial planning services to individuals, families and small businesses. Complete financial planning encompasses all aspects of one’s financial life including education for the children to retirement/estate planning to investments. Planning for disabled person and planning for the same-sex couples and unwed couples, single mothers and survivor spouses has become an important and significant aspect of our work today.
EDUCATION PLANNING
INSURANCE PLANNING
RETIREMENT PLANNING
INVESTMENT PLANNING
ESTATE DISTRIBUTION & ESTATE TAX PLANNING
FUTURE TAX PLANNING
EDUCATION PLANNING
Educational planning for children is an important consideration for many families and should be considered immediately after the child is born but it is never too late to consider planning for child’s education. This allows the educational funds to be set aside to grow for the maximum length of time possible. There could be tax benefits too.
INSURANCE PLANNING
Insurance needs, especially how the various insurance plans should be structured to benefit an individual or families during their lifetime, are important. The various insurances that need to be covered are life, health, disability, long-term care, house, cars and liability umbrella insurance among many others. Insurance needs change (but they are always there) as a family progresses through life e.g. from late twenties with young children to middle age with grown children to retired age with empty nest.
RETIREMENT PLANNING
Retirement planning remains one the most important aspects of financial planning. Many couples and individuals, may not even think of such planning until it is too late. With benefits from social security and conventional pension plans uncertain and dwindling and with longevity increasing, retirement planning becomes even more critical. Two factors that are most critical are planning financially for the survivor spouse and hassle-free transfer of one’s assets to the next generation.
INVESTMENT PLANNING
Investments, IRAs, 401k/403b etc. are important for various reasons. They are, at times, the only resources available in retirement. Without sacrificing the safety of the capital, we always strive to maximize the benefits for our clients. Investments in securities (stocks, bonds, Mutual Funds etc.) involve risk of loss and we ascertain that our clients acknowledge and recognize that risk and accordingly they invest appropriately. Risk tolerance levels of our clients is taken seriously in Investment Planning.
Estate Distribution & Estate Tax Planning
Estate planning and tax planning take significance as we reach retirement and non-work life. Without such planning it is very difficult for trustees/administrators and others to manage clients’ estate after they pass on. We especially emphasize actions that need to be taken now so that it becomes much easier for trustees/administrators to avoid probate later.
FUTURE Tax Planning
Tax planning has always been an important and significant facet of financial planning. With today’s complicated structure of tax codes, it is even more critical that we give special attention to minimizing the taxes in the future. Why pay any more than we have to? Tax planning is a central theme and would touch all the above aspects of financial planning.
Let's work together!
Call, text, or email me and let's talk.
Phone
(734) 476-0579
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