Wealth Management Services

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Ericksen Krentel Financial Group, LLC is a wealthcare firm that is completely integrated within Ericksen Krentel LaPorte, LLP, a multi-generational CPA firm that has been serving citizens and business owners of New Orleans and the surrounding communities for over 50 years. 

Ericksen Krentel Financial Group understands how certain financial decisions can positively or adversely affect your taxes and overall wealth goals. Our knowledge as CPAs and financial advisors provides an unprecedented resource of skills that ensures all pieces of your current wealth management plan are working together in the most tax-optimized manner possible. Our team of professionals, spearheaded by Bill Hodapp, CPA, CFP® provides custom, sophisticated financial solutions in the following areas:

 

Tax Planning

By leveraging our tax and financial advising professional experience, Ericksen Krentel Financial Group will help ensure your wealth management plan is operating in a tax-optimized manner. This includes looking for ways to reduce current and future tax burdens.

Retirement Planning

Whatever your vision of retirement is, diligent and ongoing planning and goal setting are necessary for your retirement to live up to your expectations. Ericksen Krentel Financial Group will help you make the most of your employer-sponsored plans, IRAs and other retirement vehicles to make sure your income is sustained during the time when you reward yourself for years of hard work.

Investment Planning

Many people find the investment planning process to be intimidating, and will often not review investment strategies as often as their lives change.  As life and goals change, your investment strategy may need to be modified to accommodate those changes. Ericksen Krentel Financial Group will help you understand your risk tolerance, continually determine your asset allocation needs and recommend the appropriate investment vehicles to help you protect your wealth and reach your goals.

Education Planning

Considering that education costs increase yearly, your children’s education – as well as your current and future lifestyles – depend on the wealth you build up now. It is important to regularly review your specific goals, and actively plan for education costs.

Insurance Planning

Illness and injury can happen to anyone. In fact, a person has a one in four chance of becoming severely ill or disabled. If you’ve planned for this possibility, when was the last time you reviewed your plan and does it take into account recent life events? As life changes, so do your insurance needs to protect your lifestyle and your family who are dependent on your income.

Income Protection

Asset and income protection includes strategies to shield assets from illness, taxation, and frivolous claims from third parties. Successfully planning for these potential events cannot be understated considering they affect other aspects of your planning process including investment planning and insurance planning.

Business Planning

Business owners have countless daily demands on their time. Additionally, they must save for retirement and plan for what will happen to the business when the owner retires. Whether it’s a buy-sell agreement between owners or an income preservation plan for your loved ones, our firm offers comprehensive support for complex business planning including business formation, multi-entity, and succession planning.

Debt Management

Living with debt may not only cause stress, but can also delay you from the life you want. Ericksen Krentel Financial Group offers effective planning strategies to help you move past the debt you have and prepare for major purchases and unexpected costs in the future.

Estate Planning

Designing your estate plan and defining your legacy is one of the most difficult and emotional components of your wealth management plan. Successfully planning the transfer of your wealth is critical to fulfilling the promises you’ve made in your life. Ericksen Krentel Financial Group will work to minimize income and estate taxes and help maximize the financial opportunities you provide to your heirs and chosen beneficiaries. The goal is to help you leave behind the legacy you desire.

Special Situations

Any event that forces dramatic and sweeping changes, such as marriage, divorce, birth, death or a large inheritance is considered a special situation. These events can affect your estate plans and investment strategies. Our firm will guide you through these situations to make sure you are prepared.

     

Securities offered through 1st Global Capital Corp. Member FINRA, SIPC. Investment advisory services offered through 1st Global Advisors, Inc. Insurance services offered through 1st Global Insurance Services, Inc. We currently have individuals licensed to offer securities in the states of LA, AZ,CA,FL,MA,OH,OR,TN and TX. This is not an offer to sell securities in any other state or jurisdiction.