Wealth Management

You have big plans for every stage of your life. Funding your kids’ education. Giving to causes you care about. Retiring comfortably. And finally, leaving a legacy.

Money is personal, like your dreams. So, when you’re looking for guidance in managing your personal wealth, take a serious look at Barnes Dennig Private Wealth Management.

If you’re a business owner or entrepreneur, Barnes Dennig may already be helping you with corporate tax or accounting strategies. You’ve seen our innovations transform your bottom line. You know us. We understand you, your business, and many of your goals.

So tell us where else you’d like your money to take you. Because when you trust your navigator, you can relax and enjoy the ride.

The experience to guard your assets at every turn

Each of our wealth managers has over 20 years of financial management experience, and many are certified Personal Financial Specialists as well – a high-level certification available only to CPAs (learn more about the CPA/PFS designation in our CPA Advantage video series).

Our wealth management pros will design estate plans and wealth management strategies to keep more of your hard-earned assets for yourself and your family. They’re always on top of new financial regulations. And as your life changes, they’ll keep adjusting your plans so you won’t miss those milestones you’re saving for.

Types of Advisory Services

Our wealth management advisory services include:

• Investment Advisory Services
• Retirement Plan Management Services
• Retirement Plan Consulting Services

Details about each of these services are provided below.

Investment Advisory Services

Barnes Dennig Private Wealth provides Clients with continuous investment advisory services which include:

• Client discovery
• Portfolio analysis
• Investment proposals
• Portfolio management
• Portfolio monitoring
• Portfolio reviews
• Financial and investor profile updates
• Quarterly performance reporting
• Ongoing availability for Client questions and check-ins
• Coordination with Client’s legal, accounting, and/or tax advisors

Retirement Plan Management Services

BDPW provides management services to retirement plans and individual plan participants such as Cash Balance Plans, SIMPLE IRA Plans, participant-directed plans, etc. Our retirement plan management services are designed to provide continuous and ongoing investment management over the designated retirement plan assets in accordance with the objectives, guidelines, and Investment Suitability of the plan or plan participant. Our services may include any of the following:

• Define and set objectives and guidelines for the retirement plan
• Identify Investment Suitability for the plan participant (participant-directed plans/self-directed accounts)
• Review the existing retirement plan(s)
• Propose retirement plan and/or plan service provider options
• Work with Sub-Advisers to build custom portfolios or select investment strategies
• Provide continuous and ongoing management over plan assets or participant assets
• Actively monitor the portfolio and make changes to investments or investment strategies

Retirement Plan Consulting Services

Barnes Dennig Private Wealth provides consulting services to retirement plans. Our services involve working with the plan sponsor and providing them with retirement plan recommendations, i.e., plan type, plan service providers, investment options, etc. For the most part, our retirement plan consulting services are provided to 401(k) plans. Depending on the needs of the plan, we may provide any of the following retirement plan consulting services:

• Set Objectives: We help the plan sponsor identify, review, and set objectives and guidelines for the retirement plan they wish to offer their employees.
• Plan and Service Provider Selection: When applicable, we identify and recommend the retirement plan type and/or service providers that are suitable based on the plan’s objectives and guidelines.
• Investment Due Diligence, Advice and Selection: We provide general investment advice and recommendations regarding asset classes and investment options.
• Investment Due Diligence Review: We provide periodic due diligence reviews of the plan’s reports and investment options.
• Investment Monitoring: We monitor investment options periodically for investment performance and consistency of fund management and make recommendations to maintain or replace investment options.
• Default Investment Alternative Advice: We provide non-discretionary investment advice to assist the plan sponsor with the development of qualified default investment alternative(s) (“QDIA”), as defined in DOL Reg. Section 2550.404c5(e)(4)(i), for participants who are automatically enrolled in the plan or who otherwise fail to make an investment election. The plan sponsor is solely responsible for providing all notices to participants required under ERISA section 404(c)(5).
• Participant Education and Enrollment: We provide education services to plan participants about general investment principles and the investment options and alternatives available under the plan. We assist the plan sponsor with group enrollment meetings designed to increase retirement plan participation among employees and investment and financial understanding by the employees. When meeting with plan participants, we generally take into account the individual circumstances of the plan participant and provide individual investment recommendations based on the suitability information the plan participant shares with us. Securities and other types of investments all bear different types and levels of risk. Those risks are typically discussed with plan participants in defining the investment policies and objectives that will guide investment decisions for their qualified plan accounts. Upon request, we can discuss those investments and investment strategies that we believe may tend to reduce these risks for a particular client’s circumstances and plan participants. Ultimately, plan participants are solely responsible for enrollment and implementing transactions in their own accounts.
• Plan and Service Provider Due Diligence Review: We provide the plan sponsor with periodic due diligence reviews of their retirement plan type, objectives, and guidelines and their retirement plan’s fees, expenses, and service providers and may recommend a change of retirement plan type or service provider.

Our wealth managers are proficient with numbers, of course. But they also see beyond the numbers to a wealth of hidden opportunities for you. An earlier retirement, say, or college funds for all the grandkids.

Our approach goes beyond simply managing investment assets. We have the ability to marry multiple tax planning strategies, creating a fresh approach that benefits our clients.

If you’ve worked with Barnes Dennig, you know our relationship is an asset in itself. So build on that strength, and allow us to help guide you through your plan.