Along your journey to reach your personal financial summit, we provide a full suite of services and solutions that help steer your path in the right direction.
Investing is the bread and butter of wealth management, and we are committed to providing you with well-researched information and a tailored approach to your needs. As always, we begin with a deep understanding of your goals and put together a portfolio with products that will help you optimize your wealth. At True North, we offer a wide variety of investment products to choose from, including:
- Stocks
- Bonds
- Mutual funds
- Exchange-traded funds (ETFs)
- Annuities
- Brokered certificates of deposit (CDs)
Our advisory services at True North can be either professionally managed, or we can help you manage them yourself. While some investors are confident in their ability to monitor their portfolio’s performance, others prefer to work with a professional portfolio manager for day-to-day management without the hassle of regular consultation. In either case, you only pay a one-time fee rather than a commission for each transaction (as you would with a traditional brokerage account).
For both pre- and post-retirement planning, our services are designed to help you identify your goals for retirement and create a plan to help you achieve them. From managing your asset allocation and detailing your monthly income, to deciding on healthcare plans and planning for your legacy, we’ll help you work through all aspects of your eventual transition from working to retirement.
Contributing to an IRA is a great tax-advantaged investing strategy, even if you already participate in an employee-sponsored retirement plan. Over time, an IRA can make a significant difference in your retirement savings, helping you reach your goals on your timeline. Both Traditional and Roth IRAs offer tax advantages, a wide variety of investment options, the flexibility to choose whether or not to invest annually, and the same contribution limits. Contact True North to explore which plan is right for you.
As a parent or grandparent, you may be looking for strategies to help fund your child or grandchild’s education without completely derailing your own plan for retirement. Our team can help you balance funding college education with funding your personal savings. Some popular ways to dedicate your savings to education include opening 529 savings plans, custodial accounts, Coverdell Education Savings Accounts, or educational trust funds. With a holistic view of your wealth, we will help you develop a plan to help your loved ones pay for college without tapping into your retirement fund.
When it’s time for you to change jobs or retire, you’ll need to decide what to do with existing assets in your 401(k) or other qualified employer-sponsored retirement plan. Typically, you have four distribution choices, and we’ll help you evaluate all your options before taking action. Contact True North to discuss which strategy is best for you.
- Roll the assets into an Individual Retirement Account (IRA)
- Leave the funds in your former employer’s retirement plan (if allowed)
- Move savings to your new employer’s retirement plan (if allowed)
- Withdraw or “distribute” the money
An annuity is a contract an insurance company issues that can provide income or investment guarantees to fit your individual needs. They can be an important and effective part of your overall retirement plan by helping to:
- Generate a guaranteed lifetime income stream
- Increase your savings through tax-deferral
- Protect what you’ve saved
- Provide protection for your beneficiaries
Learn more about incorporating annuities into your portfolio.
We’ve all been there – unexpected things happen in our lives. That’s why insurance coverage is a crucial aspect of your wealth management plan. It helps cover unpredictable financial risks that result from market shifts, as well as life-changing events that affect your family, business, retirement, or legacy. At True North, we offer life, disability, and long-term care insurance to help cover risks that could disrupt your investment plan and to protect what matters to you most.
Each of these options has advantages and disadvantages and the one that is best depends on your individual circumstances. You should consider features such as investment options, fees and expenses, and services offered. Your Wells Fargo Advisors Financial Advisor can help educate you regarding your choices so you can decide which one makes the most sense for your specific situation. Before you make a decision, read the information provided in this piece to become more informed and speak with your current retirement plan administrator, and tax professional before taking any action.
Advisory services are not designed for excessively traded or inactive accounts and may not be suitable for all investors. Please carefully review the Wells Fargo Advisors advisory disclosure document for a full description of our services. The minimum account size for these programs is $10,000 to $250,000.
Wells Fargo Advisors and its affiliates do not provide legal or tax advice. Any estate plan should be reviewed by an attorney who specializes in estate planning and is licensed to practice law in your state.
Trust services available through banking and trust affiliates in addition to non-affiliated companies of Wells Fargo Advisors.
Insurance products are offered through nonbank insurance agency affiliates of Wells Fargo & Company and are underwritten by unaffiliated insurance companies.