The Farcosky Group
At The Farcosky Group, the depth and breadth of our offering distinguishes our practice and the enduring benefits our clients can enjoy.
Who do we serve? Generations of financially-astute individuals who share our optimism, energy and entrepreneurial spirit.
As they build wealth and families, these clients are strapped for time – facing myriad decisions that include managing concentrated equity positions, selling their enterprises, being tax efficient, planning for retirement, and creating meaningful legacies.
To learn from clients, we apply our knowledge as CERTIFIED FINANCIAL PLANNER®, CFP® certificants to ask questions meant to provoke thoughtful discussion – not just at the outset of each relationship, but frequently thereafter. This ongoing dialog can help clients explore and articulate goals and concerns as they occur.
We may ask:
“What is the purpose of your wealth?”
“What is your greatest career achievement?”
“What is your greatest financial concern or regret?”
“Do you want to leave a family legacy?”
“How do you envision a rewarding retirement?”
“What do you see as potential obstacles?”
“What have you always wanted to do, that you don’t think is possible?”
As active listeners, we encourage clients to share what they may never have told a previous advisor, or even a close friend. Our intent is to discuss whatever is on a client’s mind – their health, work-life balance, cash flow, tax situation, career opportunities, sending children to college, or legacy and philanthropic planning. We follow up with a clear assessment and alternate scenarios of what should be expected going forward.
Results and relationships matter to us – and to our clients. For a more detailed description of how we can help you, please read the sections below.
At The Farcosky Group, our deep experience serving corporate executives allows us to provide requisite and thoughtful guidance as it pertains to restricted stock, grants, options, complex compensation packages, and advise on their retirement plans.
Many clients come to us with concerns about having personal assets linked too closely to their firm's fortunes. Other clients feel attached to a stock – or are driven by a sense of loyalty, bullish sentiment about their company, concern about receiving a large tax bill, or restrictions that limit their options.
Time and again, we remind clients that the same asset that represents a large portion of their wealth can become their biggest risk in the future.
Because your situation and ambitions are yours alone, we don't make assumptions. Instead, we make time to ask, "How much longer do you want to work for your company? And are you considering another career move or a new venture? "
Then we examine your overall financial picture and balance sheet, including assets held elsewhere, real estate, income from other sources (including investments, deferred compensation, executive benefits, retirement or pension plans, and Social Security), along with liabilities.
That helps us determine where your concentrated position fits in, among your assets.
To help solidify and insulate your net worth, we will also examine and may suggest:
• How much compensation you should defer.
• Divesting company stock while abiding by your contractual restrictions.
• Locking in the value of underlying shares.
• Planning for the wise distribution of retirement assets to minimize tax consequences.
• Utilizing your company-sponsored plans to help maximize short- and long-term benefits.
Depending on your needs, we can establish a pre-determined trading schedule that specifies the exact number of shares of stock to be sold (and when) – and execute those sales automatically.
We look forward to helping you satisfy regulatory requirements, account for market optics, mitigate insider-trading concerns, minimize risk and tax consequences, and enjoy the benefits you richly deserve.
CFP®, CIMA®, CPFA®, CPWA®, CRPC™