Naveo is happy to announce we’re enhancing your membership by offering access to new services that fit your needs and lifestyle. Naveo members now have access to comprehensive financial planning services through a strategic alliance with Alexandre Oliveira of Olive Tree Wealth.
Developing a sound financial plan for the future can be one of the toughest financial challenges you face. Planning for retirement while saving for your children’s education, creating tax strategies, evaluating your investment options, and creating a forward-thinking savings plan — all while managing today’s expenses — can be overwhelming and confusing. Alex Oliveira of Olive Tree Wealth provides guidance to help you set achievable short and long-term goals, avoid costly financial mistakes, and implement a plan that matches where you are in life and where you want to be.
OLIVE TREE WEALTH’S SERVICES INCLUDE:
- Financial Planning
- Asset allocation review
- Tax planning
- Cash flow analysis
- Estate planning
- Qualified Accounts
- Individual Retirement Accounts (IRAs)
- Simplified Employee Pension Plans (SEPs)
- Profit Sharing Plans
- Advisory Accounts
- Mutual fund wrap accounts
- Active & passive strategies
- Investment Programs
- Mutual funds
- Real Estate Investment Trusts (REITs)
- Variable annuities
- Educational Accounts
- 529 Plans
- Educational IRAs
- Uniform Gifts to Minors Act accounts (UGMAs)
- Uniform Transfers to Minors Act accounts (UTMAs)
- Non-Qualified Accounts
- Standard Brokerage
Stop by our Cambridge branch between 3PM and 6PM on Fridays to meet Alex or schedule an appointment.
We currently do not have any scheduled Financial Planning workshops. Please check back soon for updates.
Q: WHAT DOES A FINANCIAL PLANNER DO?
A: A financial planner by definition is an investment professional that helps individuals and corporations pursue their long-term financial objectives by analyzing the client’s status and setting a program to work towards that client’s goals. This can also come in conjunction with pursuing short and midterm goals as well based upon what the client is seeking to work towards.
Q: WHAT CAN A FINANCIAL PLANNER DO FOR ME?
A: There are a variety of things that financial planners do to help people. They include, but are not limited to: helping to allocate a 401(K), rollover an old 401(k) from a previous employer, help with retirement planning, funding of a child’s education, construction of an investment portfolio, saving for a home, and even future tax planning and estate planning. Ultimately, as a comprehensive planner, we can help people with getting their financial life in order.
Q: WHY IS IT IMPORTANT TO HAVE A FINANCIAL PLAN?
A: A financial plan is important because it is the framework for the future. A good way to think about it is to compare it to traveling. You wouldn’t plan a trip without first carving out the route you want to take and making proper accommodations for your destination. The same is true with a financial plan. A proper plan will help you understand where you are today while looking ahead into the future. From there you can see what it will take to get you to your goals in a succinct way that you can track over time to determine your progress.
Q: WHAT IS THE FINANCIAL PLANNING PROCESS?
A: The financial planning process has several steps to it. First, I sit with each person on a complimentary basis to discuss goals, objectives, and gather data. Second, I take that data and begin to run analyses for each goal a prospective client has. This analysis will help to paint a picture of where certain pitfalls are as well as areas of strength. Once I determine those pitfalls, the next step is to provide recommendations on what I believe is the best way to overcome those pitfalls and avoid new ones from developing. These recommendations become the framework for how we plan to work towards each of your goals. Lastly, since nothing is completely static, we cannot just assume that putting these steps in motion and letting them ride will ensure success. Therefore, a follow-up process needs to be put into place to ensure we are getting together to review how the recommendations are progressing and make changes, if necessary.
Q: HOW DO YOU GET PAID?
A: There are a few different ways in which I receive compensation. The first way, and the most common, comes from fees collected from the accounts we manage for our clients. I believe that a fee based approach helps to put the client and I on the same level since the performance of the accounts dictates our revenue. If the value goes down, so does our revenue and vice versa. The second type of compensation is through commissions. Depending upon the client, the products available, and amount of the investment, commissions are the only way for us to be paid. However, regardless of the form of compensation, I have always believed in a full disclosure type of approach so that the client can rest assured that they will know how they are paying me not only in the initial stages of our relationship, but also ongoing.
Q: DO YOU HAVE ANY INCENTIVES TO SELL ONE PRODUCT OVER ANOTHER?
A: No. One of the most rewarding feelings in our business is complete objectivity. Since we clear our business through independent channels, I have access to a large array of companies and their products in the industry without any incentives tied to them. My approach is to do thorough research of the available products and then choose the one that fits the needs of our clients’ best. For that, I receive the same compensation from each company so I’m not being enticed to use one product over another.
Q: ARE MY INVESTMENTS PROTECTED FROM LOSS?
A: Unfortunately, no. Unlike the products offered through the Credit Union, these investments are open to potential losses and are not NCUA insured nor are insured deposits. The products are not obligations of the credit union and are not endorsed, recommended or guaranteed by the credit union or any government agency. However, there are ways to invest in which someone can seek to reduce the overall level of risk they take on, and still potentially stay on track with their goals.
Q: ARE YOU ABLE TO DO MY TAX RETURNS OR CONSTRUCT A WILL?
A: No, since I’m not a CPA or attorney I am not able to help with those services. However, I’ve spent several years developing contacts in those spaces that can help with taxes and estate planning. As a result, I have several trusted sources that I can refer members to in order to achieve what they’re looking for.
Q: HOW DO I PREPARE FOR MY FINANCIAL PLANNING CONSULTATION?
A: It’s fairly easy to prepare for a consultation. We will usually send out a list of items that we believe you should bring with you in order to maximize our time together. Some items may be hard to obtain, so don’t worry too much about. If we really need it, we can always get it later. Also, feel free to bring anything that may not be on the list, but you feel would be pertinent to our discussion. Ultimately, we’re there to learn as much about you as possible to determine if we can help.
Financial planning offered through Northeast Planning Associates, Inc. (NPA), a registered investment adviser. Securities and advisory services offered through LPL Financial, a registered investment adviser and member FINRA/SIPC. Insurance products offered through NPA, LPL Financial or its licensed affiliates. The Credit Union, Olive Tree Wealth, NPA and LPL Financial are not affiliated.
|Not NCUA Insured||No Credit Union Guarantee||May Lose Value|