Financial Planning and Tax Preparation

Service Offerings, Trinity Financial Advisors, Chicago, Illinois

Trinity Financial Advisors is a full-service advisory firm offering investment management, financial planning, life planning, and tax preparation services for our valued clients.

Financial Planning

Our comprehensive financial planning engagements are tailored to address the unique needs of each client and can include one or more of the services listed below.  

Each comprehensive financial planning engagement is established under a retainer agreement which includes open access to our services over the course of the engagement.  For financial planning services we bill semi-annually at the beginning of each six month period.  Depending upon the complexity of the engagement, our financial planning fees typically range from $4,000 to $10,000 annually.  We also offer limited project engagements at a reduced fee. 

Financial planning engagements are not a requirement to become an investment management client.  Many of our clients choose to engage us annually for ongoing financial planning, however others choose to engage us for a single year and thereafter as needed.

Financial Projections, Trinity Financial Advisors, Chicago, Illinois

Financial Projections
We offer either cash flow based or goal based financial projections to help you assess your current personal budget and formulate your retirement objectives. Both types of projections include a Monte Carlo analysis to provide you with a statistical probability of whether your money will last through the end of your retirement.

Employee Benefits, Trinity Financial Advisors, Chicago, Illinois

Employee Benefits Planning
Our review and assessment of your employee benefits help you select the optimal benefits your employer offers towards achieving the goals of your overall financial plan. This includes management of executive compensation.

Estate Planning, Trinity Financial Advisors, Chicago, Illinois

Estate Planning
In reviewing your current estate plan, we assess the plan in the context of your broader life and legacy goals. We propose any recommended modifications and coordinate and work with your attorney to implement any changes.

Income Tax Planning, Trinity Financial Advisors, Chicago, Illinois

Income Tax Planning
With the assistance of Certified Public Accountants, we prepare detailed tax projections to assess the impact of financial and investment decisions on your tax liability. This includes a tax withholding and estimated payment analysis to mitigate underpayment penalties. We also offer tax preparation services in certain cases under a separate tax preparation engagement.

Insurance Planning, Trinity Financial Advisors, Chicago, Illinois

Insurance Planning
In reviewing your current insurance, we determine if you and your family are adequately covered across various types of insurance, including life, disability, and health insurance. We coordinate with outside specialists to determine if you also have adequate property and casualty insurance. We then work with your insurance agent to implement any necessary changes.

Social Security Analysis, Trinity Financial Advisors, Chicago, Illinois

Social Security Analysis
We review the benefit-claiming strategies that are available to you and determine your optimal claiming strategy according to your current cash flow and long-term financial goals.

Education Planning, Trinity Financial Advisors, Chicago, Illinois

Education Planning
Also covered under our investment management engagement, education planning determines your annual and lump-sum savings needs as based upon your education funding goals.

 Life Planning, Trinity Financial Advisors, Chicago, Illinois

Life Planning
As part of a financial planning engagement, we also offer life planning to help you develop a financial plan tied to your life aspirations. As a Registered Life Planner, our Principal, John Wimbiscus, will lead you through this mindfulness-based and non-judgmental approach. This process encourages you to consider your ultimate aspirations and discuss and resolve potential obstacles in achieving your dreams. Fees for this additional service are factored into your financial planning quote.