Blue Cove Capital is a leading boutique financial planning practice that provides innovative, non-biased strategic advice to a diverse client base nationwide. We assist our clients in pursuing their financial objectives by offering comprehensive integrated planning services pertaining to all areas of the financial landscape. Our dynamic advisory practice supports clients through all phases of the financial planning cycle through skillful capabilities in Wealth Accumulation, Asset Allocation, Tax Diversification, Capital Preservation, Retirement Distribution, Legacy Planning and Risk Management.
We manage our firm as an integrated whole. Our members have varying practice areas and demographic focuses that collaborate together to provide our clients with the full-service capabilities they require to formulate and execute a comprehensive and holistic financial plan.
We measure our performance not by short term results but by the long term success of our clients.
Blue Cove Capital brings together an array of experiences, skill sets, and industry knowledge that allows its members to cater to their Clients' particular needs. Blue Cove operates under an "Open Architecture" platform. There is nothing proprietary on the investment side and insurance business can be placed with over 40 carriers. This infrastructure allows for the customization of plans for clients based on what their particular goals are and what they are hoping to achieve. The value proposition that Blue Cove brings is their unique ability to sift through the market and piece together the various vehicles available in order to create a comprehensive and cohesive self-completing financial plan.
During the discovery process we want to learn about you. We listen to your goals, outline your objectives and determine what degree of risk you are comfortable with. We look to gather quantitative data, such as investment and insurance statements, tax returns, benefit plans, income statements, expenses, and existing estate structure information. It is important that we understand your past and present so that we can help you as you build a brighter and more secure future.
We study your existing plan to see if it is properly structured to meet your stated goals. We then develop a draft analysis to help you understand the implications of your present planning and to identify inconsistencies that may exist between your current situation and your communicated goals and objectives.
After methodical review of your current situation and needs, we offer a range of options that focus on your goals. Each plan anticipates opportunities and pitfalls, as well as addresses your specific needs. Recommendations are made comprehensively in the areas of:
Once a plan that meets your specific goals and objectives has been identified, we will manage the implementation from A to Z to ensure purposeful execution.
Your plan is not a one-time occurrence but rather an ongoing process. It is always active. We react to changes proactively and monitor it so that new developments in your personal situation and external conditions are reflected in ongoing maintenance and management ensuring your financial future is on track. This is accomplished through our scheduled quarterly reviews as well as our digital relationship management platform and eMoney, our cloud-based aggregating system.
Our financial professionals develop achievable plans to help our clients meet their education savings goals. We create customized projections in order to recommend the funding methods and savings strategies best suited to enable our clients to finance their children's educations. Throughout the course of each plans implementation, we continuously monitor progress, correcting as necessary to support each of our clients every step of the way.
Blue Cove Capital has an extensive Estate Planning practice. When planning for estates, our objective is to help our clients achieve their goals with respect to the disposition of their assets with the least tax cost while minimizing the risk of potential claims of creditors. Our group coordinates and supervises the creation of estate planning strategies that can take advantage of tax-saving opportunities, avoid probate and ensure a seamless transition of their estate when they die. We are extremely sensitive to the many family and personal issues that arise in these matters and have earned the trust of our clients for our professionalism, discretion and knowledge. With our extensive professional network and our ability to effectively work with our clients' tax and legal professionals, we imbue our clients with the confidence that their plan will meet its stated objectives.
At Blue Cove Capital, we believe that sustainable long-term wealth preservation and growth is achieved by establishing a particularized financial plan. We take a holistic and comprehensive view of our clients' financial landscapes to understand each of their unique needs and circumstances. Our financial planning process begins by establishing a strong relationship, gathering information, and analyzing the data to develop and implement the optimal plans to meet each of our clients' goals.
Our financial professionals assess:
Through our in-house expertise and our network of experienced legal, tax, and insurance professionals, we provide the guidance our clients need to achieve their financial goals.
Blue Cove Capital believes in custom investment strategies for every client. Whether a client's goal is saving for college, buying a home, securing retirement, mitigating tax liability, or general wealth accumulation, the relevant time frame associated with a particular objective will be a dispositive factor in determining an investment approach. An acute understanding of time horizon enables us to determine the appropriate level of risk and in turn the right financial instrument that best suits an individual's needs.
Through a comprehensive research process, we develop and implement a particular investment strategy by using a diverse array of investment vehicles, including, but not limited to, institutional money management, open-end mutual funds and Exchange Traded Funds that adhere to our stringent investment criteria. Our open architecture platform allows for the selection of “best in class” options with no allegiance towards any specific fund manager.
Moreover, we do not have a myopic view towards the effectiveness of active versus passive management. Rather, we seek to maximize account growth and net return in various ways. For instance, in asset classes where managed funds have consistently underperformed their respective indices (net of fees), we turn to passive investment strategies via indexing. Additionally, we increase value for clients by thoroughly analyzing the tax consequences of specific investment strategies.
We take pride in our comprehensive investment approach that takes into consideration timeframe, tax consequences and fund management in order to net our client's more rather than focusing solely on gross rate of return.
At Blue Cove Capital we work with our clients to develop achievable retirement plans based on personalized forecasting and conservative expectations. We conduct thorough analyses of each client's retirement needs and concerns to create an appropriate accumulation, conservation and distribution strategy. By focusing on downside protection, hedging, tax mitigation and controlling costs, we develop approaches that are consistent with our clients' objectives. The final result is a comprehensive plan complete with optimal asset allocations and funding methodologies designed to maximize and secure retirement income.
A crucial aspect of well-rounded, secure financial planning is adequate protection of wealth through insurance. We safeguard the assets of our clients by insulating them from the financially detrimental effects of unanticipated events, such as death, disability, illness, or market fluctuations. We provide our clients with thoughtful, appropriate recommendations for the types of coverage necessitated by each of their unique financial considerations. These recommendations can include, but are not limited to:
Life, disability income, and long-term care insurance serve to transfer financial risk from our clients to insurance policies should a tragedy occur. Similarly, annuities can be a powerful tool to guarantee some income in retirement, providing our clients with additional downside protection. Our dedicated financial professionals at Blue Cove Capital strive to protect the lifestyles, income, and wealth of clients and their families.
In an increasingly competitive job market, a comprehensive Corporate & Employee Benefits package are essential for attracting and retaining top talent. As Employee Benefits specialists, we offer strategic guidance and support to employers to help ensure you implement plans that continue to meet the current, and ongoing, needs of your employees, executives, and organization. Every company is unique and therefore requires customized solutions to set your company on the right track. Our process is designed to address:
Want to learn more about retirement, social security, or estate strategies? We have a wealth of resources.
Senior Vice President
Director of Financial Planning
Director of Operations
Director of Employee Benefits
Senior Client Associate