Long-term financial security doesn’t happen by chance. Take control of your future with customized financial planning services.
If you live for it, we’ll help you plan for it.
Our version of financial planning isn’t just a plan for your money, it’s a plan for your life. That’s because my team and I start with you—your life, your family, and your priorities. Then we tailor your unique plan from a range of financial options using multiple strategies designed specifically to help you reach your goals.
What you get with a plan from Northwestern Mutual
Financial strategies tailored to your life
You’ll have multiple strategies within your plan, built from financial options specifically selected to help you reach the goals you have for right now and later on.
A wide range of financial options
Get access to more financial options designed to reinforce each other so your plan can work its hardest for you, including investments for growth, insurance for protection, and annuities for help with income in retirement.
Your go-to financial expert to guide you
Your advisor listens to what’s important for you to do today and down the road and designs a plan, with personalized recommendations tailored to your life, to help make it happen.
The flexibility to pivot as your priorities change
When your priorities shift throughout your life, we’ll work with you to shift the strategies in your plan. So your plan stays flexible, and you stay on track to meet goal after goal.
A real-time digital plan personalized to you
You’ll see where you are today and how you’re doing over time, tracking your goals to reveal the progress you’ve made, any gaps you might have, and any opportunities we find.
The confidence to know you can live the life you’ve always wanted
Because your financial plan is based on your priorities, it’s uniquely designed to help you do the things you’ve been dreaming of. So you’ll always know you can.
Your business is unique, and it takes a personalized business planning approach to help you create, grow and protect your business’s value.
Whether you’re thinking about launching a new business or hoping to expand an existing one, we can help you create, grow and protect your business’s value with comprehensive business planning services.
We’ll work with you to develop a personalized financial plan with solutions designed to meet the unique needs of your business, with strategies to:
- Integrate all aspects of financial planning for your business and your personal life to ensure success on both fronts.
- Minimize risk by being prepared for the unexpected.
- Safeguard your business with coverage to help offset the loss of cash flow if you become sick or hurt.
- Recruit and retain employees with competitive benefits programs.
- Enhance your benefits programs to reward employees who are key to the success of your business.
- Transition your business smoothly with a properly designed and funded business succession plan.
A personalized wealth management strategy is necessary to sustain and grow your long-term wealth, meet your financial goals and align your comfort with market risks along the way
Our wealth management services go above and beyond what you might expect from a financial services provider. Northwestern Mutual Wealth Management Company offers:
Investment advisory services, designed to:
- Provide high-quality investment services and products.
- Build and monitor diversified portfolios.
- Develop objective, personalized plans.
- Focus on long-term results.
Trust services and partnerships, designed to:
- Provide continuity of stewardship that can last multiple generations.
- Preserve family harmony when carrying out your intentions.
- Carry out detailed record-keeping and accounting.
- Calculate taxes and file returns.
Northwestern Mutual Wealth Management Company serves as trustee on Irrevocable Life Insurance Trusts. In addition, through our Trust Alliance Program, we partner with nationally-recognized trust administration firms that offer a broad range of services to revocable trusts, charitable trusts, endowments and foundations.
Online access to your account, so you can review:
- Comprehensive monthly statements.
- Performance reporting.
- Account access on a secure website.
- Current account balances on your investment holdings.
- Detailed transaction records on all accounts.
One of the greatest financial challenges is preparing adequately for retirement. And now more than ever, strategic retirement planning is crucial to help meet your goals.
Now more than ever, retirement planning is critical. Gone are the days when pensions and Social Security provided all of the income you needed for retirement. The new reality is that you are responsible for managing your own retirement, and that starts with making sure you're strategic in your planning.
We can help. At Northwestern Mutual, our approach to retirement planning is designed to help you get to—and through—retirement with a greater level of financial confidence, so you can relax knowing you have a road map to achieve your goals.
You'll want to start by considering how much to save for retirement and where to save it. By accumulating as much as you can as soon as you can, you can put time on your side—time to plan, time to weather the ups and downs of the market and time to let your money grow.
And then, as you zero in on retirement, you'll need a different set of strategies to manage risk and make your money last through retirement.
Fee-Based Financial Planning
Ensure your goals and unique financial needs are prioritized and planned with the expertise of a credentialed fee-based financial planner.
Fee-Based Financial Planning
When you want a financial plan developed with your goals and interests put above all else, it’s a good time to engage a fee-based financial planner.
Fee-based financial planners design unique personal financial plans and are compensated for their time and expertise. Under this fee structure, the planner is a fiduciary and has a legal and moral responsibility to place your interests first.
Of course, your planner’s role goes beyond just providing expert guidance in the creation of your financial plan. A fee-based planner can also help you with the implementation of your plan through a combination of appropriate and innovative insurance, brokerage, advisory and/or private client platform solutions.
In the end, your planner is paid to work with you to make sure your financial needs are met with care, with expertise and with an understanding of your unique circumstances and individual goals. Together, you will agree on the appropriate fee structure based upon those needs and the specific services required.
Making great decisions about your wealth, whether you are deciding to grow it, protect it or both, starts with sound thinking – thinking that makes sense. Here’s how our thinking starts when it comes to helping you make important financial decisions.
The Planning Process
With financial independence, family legacy and social capital solutions in place, wealth optimization becomes the focus of the planning process. Your planner will use a unique and disciplined values-based approach to help you make wise choices and to help ensure that your plan is focusing on what you value.
The planning process consists of four quadrants or phases, each one representing one planning cycle: Discovery, Creative Solutions, Strategy Deployment, and Results Management.
- Discovery: Identify and think about the problem. The first phase begins by thinking clearly about the problem. This is called the Discovery phase, and this is where clarity on your goals is achieved and planning gaps are identified.
- Creative Solutions: Think about the solution. The second phase is the Creative Solutions phase, in which you think clearly about the solutions and make decisions regarding closing the planning gaps.
- Strategy Deployment: Implement the solution. The third phase is the Strategy Deployment phase, in which you implement the solution that helps you achieve your desired results.
- Results Management: Manage the results. The final phase is the Results Management phase; we establish a plan to manage and implement the results. This assures that you have confidence your plan will work over time.
Working with a knowledgeable and experienced planner who has access to current technologies and a thorough understanding of tax rules and financial planning techniques is important. Working with an advisor who takes the time to understand your unique desires and goals is critical.
Your planner will take the time to help you make that assessment, develop a plan that works for you and provide you with the tools and strategies necessary to successfully implement that plan.
Life Insurance Planning
A well-constructed life insurance policy should be a valuable part of your overall financial security plan.
Life Insurance Planning
You work hard to give your loved ones every advantage. But would your family have the financial resources to maintain its lifestyle if you died?
While nothing can replace you, a life insurance policy can help ensure that your loved ones have the financial security necessary to live out their dreams. Life insurance benefits can help:
- Pay the mortgage or any other debt.
- Maintain your family’s standard of living.
- Keep your children in their current school and fund college.
- Pay for final expenses.
- Leave a legacy.
Life insurance can also be more than a safety net. Depending on the type of life insurance, it can also be the foundation for a sound financial strategy. With permanent life insurance, for example, as you pay premiums, the policy accumulates cash value that grows tax deferred and can become a source of funding you can utilize to help meet your financial goals.*
That’s in contrast to term life insurance, which does not build cash value but is one of the more affordable types of insurance you can buy.
If you’re a business owner, offering life insurance as part of a comprehensive benefits package will help to recruit and retain valuable employees and give them the financial security they need while contributing to the success of your business.
Life insurance can also minimize the financial impact felt by the death of a key contributor to your business. Its proceeds or cash value can be used to cover the potential loss of business or recruit a successor.
Executive Benefits Planning
As a business owner, it’s important for you to recognize the dedication and commitment of your most important contributors.
Executive Benefits Planning
We can help you design an executive benefits package that provides additional compensation to selected employees, which may include:
A supplemental executive retirement plan that allows you to promise to pay additional income to yourself or your key employees at a later date, which is usually retirement.
An executive deferred compensation plan that allows you or your key employees to forgo receipt of a portion of current income until a later date, which is usually retirement.
Bonus plans that provide you or your key employees with additional income that can be used to purchase insurance, annuity or investment products.
Employee Benefits Planning
A well-designed benefits package can give you a competitive advantage in the war for talent. Our team can help you with benefits planning to help attract and retain top talent.
Employee Benefits Planning
One of the biggest challenges faced by business owners today is the need to recruit, retain and reward talented employees. Good benefits planning can help you get the top talent.
We can help you design a quality, affordable benefit plan that may include features such as:
- Group health insurance
- Group life insurance
- Group disability income insurance
- Dental insurance
- Vision insurance
- Flexible spending accounts
- Qualified retirement plans such as SEP IRA or 401(k) plans
Group health services are offered through an independently owned and operated company, which offers access to comprehensive employee benefit services and is not affiliated with, nor a subsidiary of The Northwestern Mutual Life Insurance Company.