Tag Archives: Finding a certified financial planner

Financial Planning in the Shadow of Dementia

Alzheimer’s, the most common form of dementia, is an epidemic. More than 5 million Americans are living with Alzheimer’s. It’s irreversible and fatal although some may linger for up to 20 years. And the number is expected to soar.

The Alzheimer’s Association has created a list of the 10 warning signs. These range from memory loss, through confusion to severe mood changes.

Because of the widespread nature of this disease, for people with Alzheimer’s and their families there are a number of things that should be done. Plans should be in place well before the onset of the symptoms.

• Review your insurance policies, especially your Long Term Care policies.
• Talk with your family and your financial advisor to make your wishes known.
• Review your wills and trusts.
• Appoint an advocate who has the legal authority to act on your behalf.
• Make sure you have provided for an appropriate Power of Attorney.

Research shows that declining financial skills is one of the first symptoms of the early stages of Alzheimer’s. This includes anything from difficulty in balancing a checkbook to being victimized by criminals who prey on the elderly. This usually leaves family members to take responsibility for the individual’s finances.

In some cases, people assume these responsibilities without having experience handling money or dealing with financial issues. This is the time to bring in a trusted financial advisor. We can provide practical guidance on both day-to-day and long-term financial decisions.

For a report on this subject, contact Korving & Company – the Financial Planning and Investment Management experts.

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“What Is the CERTIFIED FINANCIAL PLANNER™ Certification?”

No doubt you’re well aware of the volatility that has characterized the economic environment over the past five years. It’s little wonder that personal financial security is still uppermost in many peoples’ minds. They’re eager for advice about their retirement, estate plans, insurance, emergency funds, liabilities and their asset allocation. Today’s financial conditions require a holistic approach – looking at an individual’s entire financial picture, not just one aspect or another. Working with a Certified Financial Planner™ professional is assurance that he or she is a credentialed expert who is held to high ethical and professional standards.

So I’m taking this moment to remind you that I’ve been a CFP® professional for 21 years. The designation comes with extensive training in financial planning, estate planning, insurance, investments, taxes, employee benefits and retirement planning, as well as in CFP Board’s Standards of Professional Conduct, which are rigorously enforced. As a CFP® professional, I’m required to uphold my certification through continuing education – something to consider with new financial instruments appearing regularly on the consumer market. In fact, CFP® certification is the most recognized in the industry for personal financial planning. So as you think about your financial future, please bear in mind that only 17% of all financial advisors in the industry can claim this distinction.

Please ask for the CFP® brochure. E-mail us at info@korvingco.com Visit our website to learn about us. If you have any questions or would like an analysis of your current financial situation, I’d love to hear from you.

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Why Stephen Korving Is One of the Best Financial Advisors Under 40

STEPHEN-KORVING

Stephen Korving was recently nominated as one of the country’s best Financial Advisors Under 40. Here’s a little background on Stephen.

After earning a degree in Finance from Virginia Tech, Stephen joined the prestigious institutional investment advisory firm Cambridge Associates. While there he was asked to join a new group designed to analyze hedge funds for institutional investors and ultra high net worth families.

His father persuaded him to join him at UBS, a major global investment firm headquartered in Switzerland. The goal: to provide regular investors the same level of expertise and care that institutional investors and the very wealthy were getting.  The crash of 2008 showed the risks that the major global investment firms were taking, so Stephen and his team began searching for a better way to serve their clients.  That led to the establishment of Korving & Company, an RIA firm, in 2010 with Stephen as President.

Stephen is a Certified Financial Planner™ Practitioner and a member of the Financial Planning Association.

He is active in a number of civic and charitable organizations, currently serving on the Board of the Portsmouth Museums Foundation and as a community adviser to PARC (Portsmouth Area Resources Coalition).

Part of our firm’s mandate is to help people at all levels of wealth.  When Stephen is not managing the portfolios of his clients, many of whom are widows, he is helping people who are in financial difficulty by showing them how to budget and use their income wisely.

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