Comprehensive Financial Planning

In today's uncertain economy, comprehensive planning has become increasingly important. With an overwhelming number of options for saving, investing and insurance, managing your finances can be difficult. Creating a comprehensive plan helps see the big picture so you can set short and long-term life goals, a crucial step in mapping out your financial future. Without it, your situation may resemble that of an empty, rudderless ship floating in the ocean. You can't tell where the ship has been or where it is going. This type of plan gives you direction to make solid financial decisions.


How does this type of planning address all the different financial issues in your life?


Breakwater's comprehensive financial planning is goal-oriented, highly customized and involves the analysis of multiple financial concerns together at the same time. We will consult with you and (or) your family to discuss:


  • Cash flow planning

  • Financial Organization

  • Retirement Planning

  • Investment Management

  • Corporate Benefits Optimization

  • Risk Management and Insurance Needs Analysis

  • Estate Planning

  • College Planning

  • Debt Management


Unless you have done this type of planning, you may have a false sense of security. Without taking a realistic look at your whole financial picture, you can't really know if the steps you have taken thus far are enough to help you reach your goals. A comprehensive financial plan that is unique to you and your circumstances gives you an objective view of what you're doing right and recommends changes that need to be made.


If you are interested in having us design a customized, comprehensive plan for you, please contact Eric Roberge at 978-273-3135 ir email him at This email address is being protected from spambots. You need JavaScript enabled to view it. .


Breakwater Asset Management provides fee-only comprehensive planning. Our only compensation is the fee paid by our client. We do not sell annuities, insurance or commissioned products. We provide objective, comprehensive financial planning based on our client's best interest.


As part of our comprehensive financial planning process, we provide the following services:


Cash flow planning (income and expense analysis):  This is where it all begins. Without a complete understanding of your monthly income and expenses, we cannot plan for your short and long term goals. Cash flow is king and we will help you analyze where your money comes from and where it goes. Only then will you be clear to move forward with the planning process.


Financial Coordination: The above process allows us to get a feel for the various fixed expenses you pay every month/year. Those payments help us to identify the many aspects of your financial life. During this segment of the comprehensive planning process we take a look at statements for all accounts that are in your name, including, but not limited to bank accounts, investments, insurance (auto, home, life, etc.), credit cards and utility bills, mortgages and personal loans, and estate planning documents. By organizing your accounts in this fashion, it will help you understand what your “financial life” looks like today. We can then begin to identify strong areas and those that may need some work.


Retirement Planning: Retirement… just around the corner for some and years away for others. Regardless of your stage in life, planning for retirement is a key element of the comprehensive financial planning process and the best time to start is today! By taking a candid look at your current circumstances and future goals, we can help you get on track to achieve a successful retirement. Whether your definition of retirement is golfing and travelling, working part time, spending time with the grandkids, or simply relaxing, we can help you develop a clear path to your ideal future. With the help of our state of the art financial planning software, we can establish the structures necessary to get you to where you want to be.


Investment Management: Our goal is to help you keep focused and on track, building your net worth. If you are like most busy professionals, commitments to your family, your life and your career may leave you with little time to personally oversee the management and growth of your investment accounts in the most effective manner possible. We can tailor an investment strategy to help you meet your individual short and long-term goals. We will help you determine what level of risk is appropriate for your needs and implement an investment strategy that will help you achieve your goals.


Corporate Benefits Optimization Analysis: Most people take the benefits package they receive from HR and throw it on a shelf somewhere saying they will get to it when they have time. We all know that isn’t going to happen. This packet of information provides detailed information about benefits offered to you that might be extremely important to you and your family. Our specialized service can help you understand the options that are available to you through work and then help you determine which ones you should consider. It’s very common to not only find cost effective ways to increase your insurance coverage, but also save money by paying for various services before tax.


Risk Management Planning (Insurance needs analysis): Have you ever thought about what would happen if you or your spouse had an accident and became disabled or even died? Along with the emotional anguish you would suffer, there are also financial circumstances to contend with. Would you be able to continue paying the mortgage or saving for your children’s college tuition if your family’s income decreased dramatically? Our detailed analysis of you insurance policies, or lack thereof, can help clarify the appropriate steps to take to protect your future if such a scenario were to occur. We will work with you to identify the risks that exist in the various areas of your life and discuss personalized strategies to fill in any coverage gaps. Along with the above benefits analysis, this portion of the comprehensive planning process can help reduce risk in the most cost effective manner possible. And, we don’t sell insurance, so you can rest assured that we will offer objective advice, helping you find the solutions you need when you need them most.


Estate Planning: It is important to design a plan for who will make decisions for you in the event of sickness, disability or death. Although insurance can help cover you financially in these situations, legal documents are needed to preserve your wishes. We will work with you to ensure that you have in place all the necessary estate planning documents so that your assets are protected, avoiding unnecessary costs and family conflict.


College Planning: When it comes to saving for college for our children, things can get overwhelming rather quickly. Questions often arise that seem to contradict one another like, “Do I continue to save for retirement, or should I establish a fund for the children’s education?” The truth is that there are solutions out there that can help satisfy both goals. Whether you have questions about loans and tax advantaged savings plans or more subjective questions about how to go about choosing a college or identifying a career for your children, we will guide you through the process.


Debt Management: No one likes to have conversations about debt, yet many Americans find themselves in varying levels of it. Credit card debt, college loans, mortgages and other forms of personal debt can sometimes derail us from achieving our goals, but they don’t have to do so. Just as with any other segment of the comprehensive planning process, consistency is key. By building an easy to follow plan, we can help you get rid of this debt once and for all, allowing you the ability to focus on the more important things in life. Our structured process and guidance provide an additional layer of accountability, providing you the support system that you need to get out from under your debt.


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