Services We Provide
Comprehensive Financial Planning
Every plan is based on a structured process and so should financial planning. At Essence Wealth, we take all necessary steps before any recommendations can be given.
Step 1- "Getting to Know You and The Most Important People in Your Life". Without knowing you and what's important to you how can any financial advisor make a sound suggestion on your finance?
Step 2 - "Setting Goals". If you don't know where you are going how can you ever get there? Let's figure out where you want to be first.
Step 3 - "Prioritize Your Goals". There are too many things we'd like to accomplish in our lives. It's impossible to achieve all of them at once. We have to prioritize what's the most important first and take care of the rest later with an written action plan.
Step 4 - "Initiate Plan of Action". Having a plan with no action is waste of time. My job is to make sure that you implement the plan within a reasonable period of time.
Step 5 - "Review and Improve". This step should be an ongoing process. Even your most expensive suit will go out of style someday. Like anything in life, plans and priorities change. I'll be sure to be there with you when it does and help you to create a worry free life for you and your loved ones.
Every plan is based on a structured process and so should financial planning. At Essence Wealth, we take all necessary steps before any recommendations can be given.
Step 1- "Getting to Know You and The Most Important People in Your Life". Without knowing you and what's important to you how can any financial advisor make a sound suggestion on your finance?
Step 2 - "Setting Goals". If you don't know where you are going how can you ever get there? Let's figure out where you want to be first.
Step 3 - "Prioritize Your Goals". There are too many things we'd like to accomplish in our lives. It's impossible to achieve all of them at once. We have to prioritize what's the most important first and take care of the rest later with an written action plan.
Step 4 - "Initiate Plan of Action". Having a plan with no action is waste of time. My job is to make sure that you implement the plan within a reasonable period of time.
Step 5 - "Review and Improve". This step should be an ongoing process. Even your most expensive suit will go out of style someday. Like anything in life, plans and priorities change. I'll be sure to be there with you when it does and help you to create a worry free life for you and your loved ones.
Investment Solutions
After identifying your financial needs, we may utilize certain products or tools to help you implement the strategy. Since we have aligned ourselves with one of the top Independent Broker Dealers in the country - Cambridge Investment Research Inc, we have a wide range of product selections such as Mutual Funds, ETFs, Stocks, 529 Plans, Fixed Income Products, Variable Annuities, Variable Insurance, Alternative Investments (Non-Traded REITs or Real Estate Investment Trusts, BDCs or Business Development Companies, Hedge Funds, Limited Partnerships, Equipment Leasing, Private Placements, Private Equities, Precious Metals, etc). We also have a variety of Professional Portfolio Managers to choose from which allows our retail investors to participate in Institutional Quality Management.
Because of our independence, we are not associated with any product providers or have to meet their quota. Our advice is completely unbiased.
Insurance Services
Risk management is the foundation of any business or financial plan. Without a solid preparation for risk, when accident happens nothing else will matter. We believe you should have adequate insurance coverage on your life, health, assets, investments, and most importantly your ability to produce a continuous income.
Among all the insurance products out there which ones fit you the best? Buying insurance is not as simple as you think. There are many different types of products from thousands of companies. Each product can help you accomplish your many unique goals. You need to first know your purpose of buying the insurance, and then carefully calculate the amount of insurance you need. Lastly, pick the best one of the kind. Some times this process requires an expert to guide you through it so you don't pick the wrong product which you will commit paying for a very long time. With our strong insurance background we're confident to find the best options for you and your family. We will also review your current insurance policies as well.
Insurance products offered through Essence Wealth & Insurance Services and its strategic partners are Life Insurance, Group and Individual Medical Insurance, Long Term Disability Income Insurance, Long Term Care Insurance, Keyman Insurance, Annuities; and Property and Casualty Insurance.
Similar to our investment solutions, we are not an employee nor an associate of any individual insurance companies. We recommend a product only based on your special needs.
Education Planning
Education Planning is part of our comprehensive planning process and it definitely deserves some special attention. Many of our clients are high net-worth and high income earners which hinders them from qualifying for need based financial aid. Our goal is to help you qualify as much financial aid and scholarships as possible through strategic planning, such as asset allocation and school selection. We also provide services like electronic FAFSA form filing each school year and negotiation of your financial aid, etc. We have aligned ourselves with the best of the best in the industry to provide you with state-of-the-art services. Make sure you check out our sister company College Plan Dude at www.CollegePlanDude.com.
Retirement Planning
There are different stages of retirement planning, Accumulation Stage and Distribution Stage. Each stage has its own uniqueness. We take the time to understand your current retirement plans and your objectives so that we can make the best recommendations to you.
Business Planning
At Essence Wealth & Insurance Services we often find ourselves helping business owners with their continuation and succession plans. A business owner has many concerns such as,"What if I'm no longer capable of operating my business due to illness or death?", "Will my family be treated fairly by my business partner if I die today?", "How will I pay my business partner(s)' family if he/she were to die today?", "Do I want to be in business with his/her family?", "How will my business recover if my key employee dies or leave today?", "How do I retain my top employees?", "Are my employee benefits competitive in the market?", "Are there benefits to reward only my key employees and executives?", etc.
Other business related services we provide are Employee and Executive Benefits, Defined Contribution Plans, Defined Benefit Plans, and Deferred Compensation, etc.
Tax Planning
Although we are not accountants and we don't help people file tax returns, we work with your accountants and we understand tax. Most of our clients send at least 1/3 of their pay checks to the IRS each year and some even pay at the highest tax bracket. Tax strategies is one of our most talked about subject. If this service is requested we have the ability to project your future tax liabilities based on your current financial situation, review your tax returns to identify areas to improve on and opportunities to reduce your taxes, provide you with various of strategies to manage your income and capital gain taxes, brainstorm ideas so you can talk to your accountants and know exactly what to ask when you meet with them.
Other Planning and Consultation Services
Many clients come to us for services like analyzing their real estate purchases and sales and investments. These are some of the biggest financial decisions one can make in their lives. These decisions cannot be taken lightly because not only it'll affect your finances today but it can also modify your long term financial goals like retirement plans and kids' college education planning in a negative way. However, if the plan is done correctly your decision could very well enhance the likelihood of achieving your financial goals. Consequently, an accurate financial analysis many times is a must do.
Being in the heart of Silicon Valley, we get plenty of opportunities to work with high tech professionals or employees from some of the well known fortune 500 companies, such as Apple, Cisco, Google, Facebook, Netflix, just to name a few. We enjoy very much working with some of the smartest individuals. We are confident to say that we have reviewed many company benefit booklets and we understand them well. This is another important area most people fail to take a notice of. Although some of these benefits are provided free to you and your family you should understand how they work fully to your advantage. When you really need to know it sometimes it's too late. You might also not realize how much you have been paying for them and if you are paying for them. I'm sure you'd like to know if it's necessary to keep them and how competitive they are comparing to alternative options.
Do you also understand your stock options, such as ESPP, RSU, etc? What are the tax implications on them? When should you sell them? There are so many questions should be asked, but has anyone asked you any of these questions?
Contact us Today for a Free Consultation! 650-996-0924 or Sunny@EssenceWealth.com
After identifying your financial needs, we may utilize certain products or tools to help you implement the strategy. Since we have aligned ourselves with one of the top Independent Broker Dealers in the country - Cambridge Investment Research Inc, we have a wide range of product selections such as Mutual Funds, ETFs, Stocks, 529 Plans, Fixed Income Products, Variable Annuities, Variable Insurance, Alternative Investments (Non-Traded REITs or Real Estate Investment Trusts, BDCs or Business Development Companies, Hedge Funds, Limited Partnerships, Equipment Leasing, Private Placements, Private Equities, Precious Metals, etc). We also have a variety of Professional Portfolio Managers to choose from which allows our retail investors to participate in Institutional Quality Management.
Because of our independence, we are not associated with any product providers or have to meet their quota. Our advice is completely unbiased.
Insurance Services
Risk management is the foundation of any business or financial plan. Without a solid preparation for risk, when accident happens nothing else will matter. We believe you should have adequate insurance coverage on your life, health, assets, investments, and most importantly your ability to produce a continuous income.
Among all the insurance products out there which ones fit you the best? Buying insurance is not as simple as you think. There are many different types of products from thousands of companies. Each product can help you accomplish your many unique goals. You need to first know your purpose of buying the insurance, and then carefully calculate the amount of insurance you need. Lastly, pick the best one of the kind. Some times this process requires an expert to guide you through it so you don't pick the wrong product which you will commit paying for a very long time. With our strong insurance background we're confident to find the best options for you and your family. We will also review your current insurance policies as well.
Insurance products offered through Essence Wealth & Insurance Services and its strategic partners are Life Insurance, Group and Individual Medical Insurance, Long Term Disability Income Insurance, Long Term Care Insurance, Keyman Insurance, Annuities; and Property and Casualty Insurance.
Similar to our investment solutions, we are not an employee nor an associate of any individual insurance companies. We recommend a product only based on your special needs.
Education Planning
Education Planning is part of our comprehensive planning process and it definitely deserves some special attention. Many of our clients are high net-worth and high income earners which hinders them from qualifying for need based financial aid. Our goal is to help you qualify as much financial aid and scholarships as possible through strategic planning, such as asset allocation and school selection. We also provide services like electronic FAFSA form filing each school year and negotiation of your financial aid, etc. We have aligned ourselves with the best of the best in the industry to provide you with state-of-the-art services. Make sure you check out our sister company College Plan Dude at www.CollegePlanDude.com.
Retirement Planning
There are different stages of retirement planning, Accumulation Stage and Distribution Stage. Each stage has its own uniqueness. We take the time to understand your current retirement plans and your objectives so that we can make the best recommendations to you.
Business Planning
At Essence Wealth & Insurance Services we often find ourselves helping business owners with their continuation and succession plans. A business owner has many concerns such as,"What if I'm no longer capable of operating my business due to illness or death?", "Will my family be treated fairly by my business partner if I die today?", "How will I pay my business partner(s)' family if he/she were to die today?", "Do I want to be in business with his/her family?", "How will my business recover if my key employee dies or leave today?", "How do I retain my top employees?", "Are my employee benefits competitive in the market?", "Are there benefits to reward only my key employees and executives?", etc.
Other business related services we provide are Employee and Executive Benefits, Defined Contribution Plans, Defined Benefit Plans, and Deferred Compensation, etc.
Tax Planning
Although we are not accountants and we don't help people file tax returns, we work with your accountants and we understand tax. Most of our clients send at least 1/3 of their pay checks to the IRS each year and some even pay at the highest tax bracket. Tax strategies is one of our most talked about subject. If this service is requested we have the ability to project your future tax liabilities based on your current financial situation, review your tax returns to identify areas to improve on and opportunities to reduce your taxes, provide you with various of strategies to manage your income and capital gain taxes, brainstorm ideas so you can talk to your accountants and know exactly what to ask when you meet with them.
Other Planning and Consultation Services
Many clients come to us for services like analyzing their real estate purchases and sales and investments. These are some of the biggest financial decisions one can make in their lives. These decisions cannot be taken lightly because not only it'll affect your finances today but it can also modify your long term financial goals like retirement plans and kids' college education planning in a negative way. However, if the plan is done correctly your decision could very well enhance the likelihood of achieving your financial goals. Consequently, an accurate financial analysis many times is a must do.
Being in the heart of Silicon Valley, we get plenty of opportunities to work with high tech professionals or employees from some of the well known fortune 500 companies, such as Apple, Cisco, Google, Facebook, Netflix, just to name a few. We enjoy very much working with some of the smartest individuals. We are confident to say that we have reviewed many company benefit booklets and we understand them well. This is another important area most people fail to take a notice of. Although some of these benefits are provided free to you and your family you should understand how they work fully to your advantage. When you really need to know it sometimes it's too late. You might also not realize how much you have been paying for them and if you are paying for them. I'm sure you'd like to know if it's necessary to keep them and how competitive they are comparing to alternative options.
Do you also understand your stock options, such as ESPP, RSU, etc? What are the tax implications on them? When should you sell them? There are so many questions should be asked, but has anyone asked you any of these questions?
Contact us Today for a Free Consultation! 650-996-0924 or Sunny@EssenceWealth.com
Registered Representative, Securities offered through Cambridge Investment Research, Inc. a Broker/Dealer, Member FINRA/SIPC. Investment Advisor Representative, Cambridge Investment Research Advisors, Inc., a Registered Investment Advisor. Cambridge and Essence Wealth & Insurance Services are not affiliated. Representative only operates in the state of California, Texas, Louisiana. If necessary we are able to obtain other state licenses to work with clients.
Essence Wealth is member of FINRA and SIPC. www.finra.org www.sipc.org
Essence Wealth is member of FINRA and SIPC. www.finra.org www.sipc.org