The first component of Our Approach to Wealth Management is Investment Consulting. Investment Consulting focuses on making smart decisions with your money. This is the #1 concern of successful individuals and couples, which is to always make smart decisions about their finances using investment strategies to support the quality of life that’s important to them. While 100% of financial advisors do this, some do it better than others.

The next component of Our Approach to Wealth Management is Advanced Planning. Advanced Planning addresses the other 4 major areas of concern of successful individuals and couples. Only a few financial professionals address these areas. Our formula for Advanced Planning is Wealth Enhancement + Wealth Transfer + Wealth Preservation + Charitable Planning.

Wealth Enhancement is the second major concern of successful individuals and couples. It involves the desire to mitigate income taxes. Top financial advisors address that concern by developing strategies to prevent your assets from being excessively taxed, allowing you to keep more of your hard-earned money

Successful people are not only concerned with their own wealth but taking care of their heirs as well. This is the third major concern of successful people. Advanced Planning can provide sound strategies to address the needs of your heirs as well, helping you make smart decisions.

The fourth major concern reported by successful individuals and couples involves protecting their assets they have worked so hard to grow. Advanced Planning addresses that concern by exploring barriers to prevent your assets from being unjustly taken or lost due to excessive risk as part of a tailored estate and risk management plan.

Most successful people are generous, so it is no surprise that the fifth major concern of successful people is desiring to make an impact. Advanced Planning focuses on leveraging generosity through charitable planning to magnify its impact both today and for generations to come.

The last component of Our Approach to Wealth Management is Relationship Management. Our formula for Relationship Management is Client Relationship Management + Professional Relationship Management.

Client Relationship Management includes the Wealth Management Planning process used to address the Top 5 Critical Concerns of successful people. At Covenant Wealth Management, we have a highly disciplined 5-step process that helps us identify and address the key wealth management issues that impact success. 

At Covenant Wealth Management, we work with a select team of qualified professionals in a coordinated fashion to help you address your key financial goals. These professionals include accountants, attorneys, investment portfolio managers, insurance specialists, and others as well as the professionals on our client’s team and any professionals that we recommend that you add to your team as well.

A fiduciary standard of conduct puts the interests of our client first. At Covenant Wealth Management, we maintain a fiduciary standard at all times when working with our clients in keeping with the fiduciary standard of care of the Certified Financial Planner Board.

Covenant Wealth Management is an independent firm. We neither have nor use any proprietary products or services, maintaining a consultative approach to advice. To accomplish this, we are able to draw on the resources of LPL Financial, one of the leading independent financial services companies (As reported by Financial Planning Magazine, June 1996-2024), to provide financial products or services our clients may need to address our clients goals and fill any gaps.

Covenant Wealth Management is a planning firm. All of our planning begins with a client’s life purpose and associated vision, mission, and goals. Our Wealth Management Process incorporates our client’s vision into the first step of our process and it serves as the ultimate guide to all recommendations.

Our professional advisors are members of Kingdom Advisors, an international association of financial planners who incorporate biblical wisdom into their advice. We encourage clients to incorporate biblical wisdom and values into their planning, from wisely stewarding their resources for maximum impact to passing a legacy of generosity to future generations.

We recognize that financial decisions affect multiple areas of a client's life. Making financial decisions with incomplete information is never wise. Our Wealth Management Approach integrates various aspects such as taxes, investments, risk management, and wealth protection. We collaborate with a team of professionals, including accountants, attorneys, investment managers, and insurance specialists, to help clients pursue their financial goals and recommend any necessary additions to ensure comprehensive support.

As a firm, we encourage clients in their desire to infuse generosity into their financial lives today and into their legacy for future generations. We also “practice what we preach” as we cheerfully give generously to both local and international organizations that help meet the needs of others.

We help clients define their goals based on their life purpose and unique values.

We gather all the personal and business information currently in place related to those goals. This could include current estate planning documents, tax returns, business buy-sell agreements, investment statements, insurance policies, and anything else that relates to our clients’ financial situation today and in the future.

We compare their priorities against their current resources and identify any gaps that may exist.

After clearly determining any gaps that exist, We develop coordinated strategies tailored to address those gaps.

Once we review the strategies and make any needed adjustments, we help our clients implement the steps necessary to address their goals and objectives and monitor their plan over time and make adjustments as needed.