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Executive Counseling
Programs
Many companies offer special executive compensation
and benefit programs to recruit, reward and
retain the key members of its leadership team.
Often, however, these “perks”
such as stock options, deferred compensation
plans and supplemental life insurance plans
are not utilized to their fullest possible
extent because employees lack the knowledge
to take advantage of them.
Brick & Kyle’s Executive/Key
Employee Financial Consulting Services
are designed to not only assist employees
in understanding the dollar value of their
total compensation and benefits program, it
also instructs them on how to get the most
advantage from them. In addition, the employee’s
benefits and compensation program is explained
in the context of a financial/estate planning
model which will ensure that he/she is on
the right track to build long-term financial
security.
What the Program Includes:
- An initial personal planning session
(2 to 2 1/2 hours) with the executive/key
employee (done on or off site).
- Follow-up meetings as needed throughout
the year to review changing personal circumstances
and/or market conditions.
- Unlimited phone support throughout
the year for the executive to use for
any tax or financial questions.
Topics covered during this process include:
- Maximizing executive compensation and
benefits programs provided by the company.
- Strategies when exercising stock options.
- Tax implications of deferred compensation
plans.
- Estate planning, including a review
of by-pass trusts, durable powers of attorney,
living trusts and gifting and the importance
of an updated will.
- Valuation of one’s estate and
federal estate tax liabilities.
- Development of a cash flow analysis
and budget to monitor spending.
- Review of insurance needs from a financial
planning perspective (life, disability,
long-term care for self and/or parents).
- Preparation of a balance sheet of assets/liabilities
to determine net worth.
- Ongoing counsel relative to tax law
changes, investment strategies, and retirement
planning.
Brick & Kyle consultants will have an
initial meeting with the company’s human
resources director (or appropriate management
representative) to become intimately familiar
with the company’s compensation/ benefit
program prior to setting up any initial counseling
sessions. This will ensure that the employee’s
personal compensation and benefits entitlements
are incorporated into the process in a meaningful
and comprehensive way, something that an external
financial consultant or broker would not be
able to do.
No-Solicitation
Policy
It is also important to note that while Brick
& Kyle does provide asset management/investment
advisory services, we have a strict no-solicitation
policy when working with client companies’
employees. Any investment-related advice is
provided without the bias that can result
from commission incentives and/or affiliation
with a particular family of funds.
Click here to review
Frequently Asked Questions
about this and other Brick & Kyle Corporate
Programs. |
