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Services

How HWM Works

Over the past several years, I have earned the trust and confidence of individuals by serving their personal financial and tax needs. My commitment to service extends to the information and resources that I provide year-round to help my clients make informed decisions on personal tax strategies, retirement, saving for education, estate planning, personal investments, and much more.

Hoenings Wealth Management will develop and implement financial plans for the clients. I recognize that each client, family or business has its own unique set of goals and objectives. These specific circumstances drive the customized financial plan I create for each client, and that plan may include elements from any / all of the services I provide.

Portfolio Management

Portfolio Management

I work with you and your family to explore an investment portfolio that takes into consideration your goals, time horizon, and risk tolerance.

Retirement Strategies

Retirement Strategies

What money are you prepared to spend first in retirement? A strategy based on your income sources may help you decide. The good news is you won't have to do it alone.

Risk Management

Risk Management

I'll help you discover which risks to transfer to an insurance company and which risks can you manage yourself.

Estate Strategies

Estate Strategies

An estate strategy involves more than updating key documents. Let's build a strategy to protect your legacy with a comprehensive estate strategy.

Life Insurance

Life Insurance

Life insurance is a key risk-management tool that can help you pursue your financial dreams while protecting the ones you love.

Charitable Giving/ Legacy Planning

Charitable Giving/ Legacy Planning

I can help you create a legacy that makes a lasting impact through charitable giving and estate strategies.

Estate Strategies

Estate Strategies

An estate strategy involves more than updating key documents. Let's build a strategy to protect your legacy with a comprehensive estate strategy.

Small Business Ownership

Small Business Ownership

Navigate the unique financial challenges and opportunities of owning a small business with personalized financial guidance.

Charitable Giving/ Legacy Planning

Charitable Giving/ Legacy Planning

We can help you create a legacy that makes a lasting impact through charitable giving and estate strategies.

Financial

  • Tax Planning Strategies
  • Education Funding
  • Estate Planning/Wealth Preservation
  • Trust Review
  • Retirement Planning
  • Brokerage Accounts
  • 401 (k)s
  • Profit Sharing Plans
  • IRAs
  • Insurance Plans
  • Real Estate Programs
  • Managed/Fee Based Accounts

Investment Planning
How your investments are structured will, in part, determine your tax situation, your risk exposure and the potential return on your investments. Your portfolio will be assessed, and recommendations will be made based on, among other things, your objectives and risk tolerance. Asset allocation will be discussed, and we will make recommendations for changes to your portfolio, if needed and appropriate for your situation.

Retirement Income Planning
Personal retirement savings, employer plans, and non-registered investments, generally form the basis for most individuals’ retirement income. All of these areas will be addressed, and recommendations will be made based on your retirement goals, your current and (likely future) tax status, your family situation and your risk tolerance. We will consider the integration of government-sponsored income plans with your personal portfolio in order to structure your retirement income in the most efficient manner possible.

Education Planning
Education funding is also one of the areas in which the needs will be addressed. Asset allocations will be recommended as well as funding requirements and which tool(s) is most appropriate i.e. 529 Plans, Stafford Loans etc.

Estate Planning
Ensuring the orderly transfer of a client’s estate to his or her beneficiaries usually forms a substantial part of that client’s financial plan. We are knowledgeable about the tax laws governing the transfer of investment and other assets at death, and can advise you as to the most favorable manner in which to structure your current holdings. If required, you will also be advised on the subject of “living wills” and powers of attorney, and can be referred to a lawyer for more detailed estate planning at your request.

Risk Management/Insurance 
For many people, protecting their family and assets is of utmost importance. We will analyze your protection needs, assess any existing programs you may have, and advise you of areas requiring attention. These areas may include life insurance, key person insurance (should you be a business owner), disability insurance, and critical illness insurance, long-term care coverage and extended health insurance.

Taxes

Professional Tax Preparation

  • Individual Returns
  • Corporate Returns
  • Partnership Returns
  • Trust and Estate Returns
  • All State Returns Prepared
  • Electronic Filing
  • Amended Returns
  • IRS/Audit Representation
  • Year Round Tax Planning

Free Annual Meeting
I will review current year tax projection and impact of any current tax reform free of charge once a year.

Tax Sensitive Investment Advice
An Investment Professional will focus on after-tax rates of return, tax loss harvesting, and other tax sensitive strategies.

Quarterly Estimated Tax Payments
Estimated payments will be coordinated as needed.

Other Services

  • Bookkeeping/Payroll
  • Estate Planning Services
  • Life Insurance
  • Long Term Care
  • Disability Insurance

Hoenings Wealth Management is committed to looking at the big picture. Although (based on your circumstance) some of the areas noted above may not become part of your customized financial plan.

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