Our Approach

We help clients achieve clarity, confidence and structure through our six step process, learn more about each step below. Throughout the entire process we address each of the 10 critical wealth management concepts helping clients to uncover any financial blind spots.

We Begin by Listening to You

We bring our collective education and experience to each client relationship. We direct our energy, passion and expertise to the process of helping our clients succeed personally and financially.

Our Process

Wealth Management Services

Family in field

FAMILY FINANCIAL OVERVIEW

Clarify family values, goals and objectives

Assemble consolidated
financial statements

Identify and triage immediate
financial priorities

Create financial organizational binder

Business Meeting

DEVELOP A PLAN

Define an ideal and acceptable lifestyle

Identify sources of income

Optimize spending and saving priorities

Implement Envision® plan and
financial strategy action plan

Business Meeting

WEALTH AND INVESTMENT
MANAGEMENT

Executive summary portfolio review

Customized portfolio solutions

Third party investment
management services

Cash management services

Couple Laughing

LIABILITY MANAGEMENT*

Liability analysis and optimization

Through Wells Fargo affiliates, you have access to banking services, including:

  • • Securities-based lines of credit
  • • Residential mortgages
  • • Home equity financing
  • • Small-business financing
  • • Credit cards
Business Meeting

RETIREMENT PLANS
AND COMPANY BENEFITS

Retirement plan analysis and coordination

Executive stock compensation strategies

Managing and understanding
corporate benefits

Concentrated equity strategies

Couple Riding Scooter

RETIREMENT INCOME PLANNING

Design tax efficient streams of income

Incorporate life cycle spending strategies

Administer required
minimum distributions

Develop Social Security and Medicare planning strategies

Financial Planner with Couple

INSURANCE AND
ASSET PROTECTION**

Policy reviews and needs analysis

Life and disability insurance

Extended care planning

Wealth replacement strategies

Graduation

LEGACY PLANNING
AND PHILANTHROPY

Beneficiary and account titling review

Estate and wealth transfer strategies

Philanthropic and gifting techniques

Donor advised funds

ADVANCED PLANNING

Business succession planning

Intergenerational planning

Life management services

Education planning

Family

COORDINATION WITH
CPA AND ATTORNEY***

Collaborative meetings

Open and proactive communication

Legacy document and tax return reviews

Tax control strategies

“The greatest risk to a client's well-being is deviating from a long-term plan in search of short-term comfort during times of temporary unease. Our planning process and the education we provide help replace the stress often felt during times of uncertainty with confidence.”

– Tony Parr

IMPORTANT DISCLOSURES

*Lending and other banking services available through Wells Fargo Advisors (NMLS UI 2234) are offered by banking and non-banking subsidiaries of Wells Fargo & Company, including, but not limited to Wells Fargo Bank, N.A. (NMLSR ID 399801), Member FDIC, and Wells Fargo Home Mortgage, a division of Wells Fargo Bank, N.A. Certain restrictions apply. Programs, rates, terms, and conditions are subject to change without advance notice. Products are not available in all states. Wells Fargo Advisors is licensed by the Department of Business Oversight under the California Residential Mortgage Lending Act and the Arizona Department of Financial Institutions (NMLS ID 0906158). Wells Fargo Clearing Services, LLC, holds a residential mortgage broker license in Georgia and is licensed as a residential mortgage broker (license number MB2234) in Massachusetts.

**Insurance products are offered through nonbank insurance agency affiliates of Wells Fargo & Company and are underwritten by unaffiliated insurance companies.

***The Parr McKnight Wealth Management Group, Wells Fargo Advisors Financial Network and its affiliates are not legal or tax advisors. Trust services available through banking and trust affiliates in addition to nonaffiliated companies of Wells Fargo Advisors Financial Network. Any estate plan should be prepared and reviewed by an attorney who specializes in estate planning and is licensed to practice law in your state.

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LET’S TALK

333 South Seventh Street, Suite 2370
Minneapolis, MN 55402
Directions
(612) 324-0240
info@pmwmg.com
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