Investment Management
A lot may be riding on your investments: retirement, children’s or grandchildren’s education, your financial legacy. Your investment plan should get the attention it deserves. Some investors enjoy managing their own plan. They are confident in their abilities and have the time to research and monitor their investments’ performance. You’re not alone if you don’t fall into that category. Like many others, you may want to work with a professional by taking advantage of an advisory program.

Advisory Programs
You can save time and have a professional manage your investments when you use the services of an advisory program. They generally fall into two categories. One gives another party the power to make decisions for your account’s day-to-day management. This means you can allow a portfolio manager, in some cases your Financial Advisor, to decide when to buy, sell, and hold investments without consulting you. 

Your portfolio manager will make decisions based on a variety of factors:
-Your long-term objectives
-The time you have to reach your objectives
-Your risk tolerance 

In the other program, you collaborate with your Financial Advisor. We will provide you with objective advice and guidance based on your needs, goals, and today’s investment environment, to help you make your own buy, sell, and hold decisions.

Fee Structure
In an advisory account program, you generally pay a fee. This is often charged on a quarterly basis based on a percentage of your account’s value. In a traditional brokerage account, you would pay a commission for each transaction.

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Next Steps
• Decide if you would like some extra help with making your investment decisions.
• Make an appointment to talk with us about advisory accounts.

The fees for advisory programs are asset-based and assessed quarterly in advance. There may be a minimum fee to maintain this type of account. Fees include advisory services, performance measurement, transaction costs, custody services, and trading. These fees do not cover the fees and expenses of any underlying exchange traded fund (ETF), closed-end funds, or mutual funds in the portfolio. Advisory accounts are not designed for excessively traded or inactive accounts and are not appropriate for all investors. Please carefully review the Wells Fargo Advisors advisory disclosure document for a full description of our services, including fees and expenses. The minimum account size for these programs is between $10,000 and $2,000,000.

We provide customized products and services to help you maximize the success and profitability of your business. Our specialized products and services can help give your business the cash flow and support it needs to thrive. 

Some services we offer and can assist with include: 

Employee Benefit Plans & Packages
A competitive employee benefit package helps you attract and keep employees, regardless of the size of your company.  

Business Owner Life Insurance
As a business owner, it’s important to consider both replacing the income your family depends on and also providing funds to pay off business-related liabilities.  

Funding a Buy-Sell Agreement
If your business has more than one owner, you need to understand the risks you may face if one of you dies unexpectedly. A buy-sell agreement sets up how ownership of the business may be transferred if one owner dies.

Key Person Life Insurance
Proceeds from this type of business insurance can help offset the loss of sales your business would experience or expenses it may incur if a key person dies. 

Succession Planning & Business Exit Strategies
It can be helpful to start the succession planning and exit strategy process many years in advance. When selling a business, there are many options to consider in both the sale and how you will generate income after the sale. If you're transferring the business to a family member, there are a variety of succession planning strategies you can use to transfer the business to a family member 

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Next Steps
• Make an appointment with us to talk about your business needs.
• Talk with your family or partners about insurance or succession planning.
• Check the beneficiary designations on your financial and investment accounts.

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

Passing along your legacy to the next generation can seem like a daunting task with many tactics, roles and guidelines to consider.

At Smith Crouse Griffith Wealth Management Group of Wells Fargo Advisors, we provide access to Wells Fargo Bank Estate Services to help our clients with their trust and estate planning needs. As one of the leading national providers of estate settlement services, Wells Fargo Bank, N.A. can help you pass your legacy on to your beneficiaries.

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If you’re changing jobs or retiring, you’ll need to decide what to do with assets in your 401(k) or other qualified employer-sponsored retirement plan (QRP). These savings can represent a significant portion of your retirement income, so it’s important you carefully evaluate all of the options.

Generally, you have four options:

1) Roll the assets to an IRA
Rolling your retirement savings to an IRA provides the following features:
-Assets continue their tax-advantaged status and growth potential
-You can continue to make annual contributions, if eligible
-An IRA often gives you more investment options than are typically available in an employer’s plan
-You also may have access to investment advice 

2) Leave the funds with your former employer 
You may be able to leave your retirement plan savings in your former employer’s plan, assuming the plan allows and you are satisfied with the investment options. You will continue to be subject to the plan’s rules regarding investment choices, distribution options, and loan availability.  

3) Move savings to your new employer’s plan 
If you’re joining a new company, moving your retirement savings to your new employer’s plan may make sense. This may be appropriate if:
-You want to keep your retirement savings in one account
-You’re satisfied with the investment choices offered by your new employer’s plan
This alternative shares many of the same advantages and considerations of leaving your money with your former employer. In addition, there may be a waiting period for enrolling in your new employer’s plan. Investment options are chosen by the QRP sponsor and you must choose from those options.

4) Withdraw or “distribute” the money 
Carefully consider all of the financial consequences before cashing out. The impact will vary depending on your age and tax situation. Distributions prior to age 59 1/2 may be subject to both ordinary income taxes and a 10% IRS tax penalty. If you must access the money, consider withdrawing only what you need until you can find other sources of cash.

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Next Steps
• Learn about your choices before taking a distribution
• Pay special attention to taxes, penalties and fees associated with each action
• Contact us or your tax professional if you have questions about how to proceed

Please keep in mind that rolling over your qualified employer sponsored retirement plan (QRP) assets to an IRA is just one option. Each option has advantages and disadvantages, and the one that is best depends on your individual circumstances. You should consider features such as investment options, fees and expenses and services offered. Investing and maintaining assets in an IRA will generally involve higher costs than those associated with a QRP. We recommend you consult with your plan administrator before making any decisions regarding your retirement assets.

Wells Fargo and Company and its Affiliates do not provide tax or legal advice. This communication cannot be relied upon to avoid tax penalties. Please consult your tax and legal advisors to determine how this information may apply to your own situation. Whether any planned tax result is realized by you depends on the specific facts of your own situation at the time your tax return is filed.

You can’t avoid all risks in life. Insurance can play a key role in helping preserve your assets and achieve your financial goals. We offer life, disability and long-term care insurance to help protect what matters most to you.  Each type of coverage can help protect the key areas of your financial life: family, business, retirement, and legacy.  

Life Insurance
Life insurance helps protect the financial security of your family. Each type of life insurance is designed for a specific purpose. There is no “one size fits all.”  We offer a wide selection of life insurance products, all from highly rated insurance companies, to help meet your specific protection needs.

Life insurance falls into two main types: term or permanent.
-Term insurance covers a temporary need in your life, such as until your children are in college.
-Permanent insurance provides lifelong coverage. A key feature of many permanent insurance policies is the potential for it to accumulate cash value. This, added with the unique tax treatment of life insurance, can help create a source of supplemental income during retirement or provide funds for other needs such as long-term care. Permanent life insurance can also be a powerful tool when it comes to funding your legacy or charitable giving plans. 

Long-Term Care Insurance
This type of insurance can help pay for the costs of long-term care should you need it. It is important to know that Medicare does not pay the largest part of long-term care services or personal care, such as help with bathing, or for supervision often called custodial care. 

Extended care planning is a key component in any retirement income plan. It can help provide a source of income tax-free funds to pay for care, helping protect your retirement savings from the rising cost of care.

Disability Insurance
Disability insurance is designed to replace a portion of your income if you're unable to work because of a sickness or injury. Even if you could weather a temporary gap in earnings, an extended disability can be financially devastating and put your other goals, such as retirement and college planning, at risk.

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When it comes to the amount of coverage needed to help protect your financial goals, the “right” answer is unique to you. Factors such as your age, who depends on you, and your income and assets, should be carefully reviewed. It’s important to understand the amount may change over time and when major life events occur, making a regular review is critical.

Next Steps
• Research the costs associated with skilled nursing care, adult day care, and other services.
• Understand your annual expenses to help ensure you have the proper disability and life insurance coverage.
• Evaluate how your needs may change over time.
• Call us to see how insurance can play a role in your retirement planning.

Insurance products are offered through non-bank insurance agency affiliates of Wells Fargo & Company and are underwritten by unaffiliated insurance companies.
Guarantees are based on the claims-paying ability of the issuing insurance company.