Memphis Planning and Wealth: Committed to Total Client Focus
Written by Haley Clift
It’s important to know you can depend on the businesses in which you invest both your time and your money. Committed to a total client focus, Josh Black and his team of Certified Financial Planners at Memphis Planning and Wealth put clients first. By simplifying the many moving parts of wealth management, Memphis Planning and Wealth helps clients understand their own finances.
Personal finances--scattered across various apps and websites--can become overwhelming if they are not organized well. However, Memphis Planning and Wealth offers a solution to simplify online banking and wealth management.
Memphis Planning and Wealth offers a system which allows clients to see all their financial accounts in one place, making their financial experience more feasible than ever before.
“With a single logon, we offer a private and secure web-based software that allows our clients to see all of their financial accounts in one place.”
The software aggregates all of the client’s banks, credit cards, mortgages, insurances, and credit cards. For sensitive information--such as tax returns or estate planning documents--the system has a document vault. This private and secure software is included for all clients at no charge.
At Memphis Planning and Wealth, your Advisor serves as your financial professional and coach. Black assures that with his team, you will no longer have to be the mediator between your financial parties.
“We serve as the lead strategist for our client’s entire financial life.”
Black states, “We create open lines of communication with CPA’s, attorneys and bankers. If a client does not have a full team, we facilitate their needs with a referral and a warm introduction, usually via an appointment in our office.”
When asked about the specific financial role Black assumes with his team, Black replied that Memphis Planning and Wealth is typically asked to take over the traditional investment manager role and put all life insurance, annuity, and long-term care contracts under their supervision for servicing. “Clients want us to be able to provide execution in tandem with advice and technological support. If we’re doing all three, it provides simplicity for the client and makes previous relationships redundant.”
Moreover, as a small business owner, seeking a consultation with Joshua Black would help you gain both guidance and direction, as well as begin to find a path where you may focus on long-term career goals.
“As business owners ourselves, we also understand that external partnerships are critical to having a competitive presence. We have utilized local talent for every element of our business and we’re happy to make introductions.”
Before your consultation, you should understand how you want your business to fit into your lifestyle and what the end goal is. Black shared that knowing this is important for directing your resources.
“We’re especially adept at helping owners understand the financial side of building their team. We have proprietary tools that will model the payroll tax liability so the owner can confidently hire a team and create a pay structure that rewards performance. We can even simulate the cost of different retirement plan designs, including safe harbor.”
Lastly, we asked Black whether his business has changed since the recent outbreak of COVID-19. Black explained time in isolation has provided more time for people to look at their finances and seek consultation: “Among our clients, anxiety is low, except for those who need to consider another bank option for the government Paycheck Protection Program”
“We’re getting people on the right track.”
To help, amid this unprecedented time, Black shared that they have recently added their digital budget for free download to the homepage of their website, MemphisAdvisory.com, to help people visualize their financial lives and adapt where they can.
Uniting as a local community and sharing the tools which can make us stronger will only bring us back together sooner. We are so thankful to have such an amazing business within our Memphis|Oxford Community! Learn more and connect with Joshua Black and the team of Certified Financial Planners from Memphis Planning and Wealth on their website HERE.
