Kayla Tausche CNBC

clients’ financial future.
MLM Wealth Management Group’s philosophy is
based on the principle that client education and an understanding
of a client’s current financial situation are vital
to successfully making prudent decisions concerning
their future financial condition. The firm’s products and
services include investments in stocks, bonds, and IRAs;
financial planning for college, retirement and tax plans,
401(k) and 403(b) plans, estate planning, and profit sharing
plans; and insurances including disability, life, and
long term care insurance.
Long term care insurance is discussed with clients at
company stock or assets.
Currently, one hot button issue in the investment industry
is whether a uniform fiduciary standard to govern the
activities of all financial advisors under one set of rules
and regulations will be established. Morris believes that
establishing such a standard is a positive move. “In the
CPA world, from the east coast to the west coast, we all
follow the same standards, and I think that is also proper
in the financial advisory industry, so that the playing
field is level and that clients know what they are receiving,”
said Morris. He added that advisors should not be
afraid to divulge what compensation they are receiving
“We work together with you to make smart choices about your money, allowing you to
pursue goals that are important to you. Through a careful evaluation of your needs, we
will map out the right course for you to reach your desired destination.
the beginning of the relationship so they can make informed
decisions about whether to include it as part of
their overall financial plan. “Long term insurance helps
people offset some of the cost for long term care,” said
Morris. “You have insurance on your car and your house,
and most likely health insurance on you as an individual,
but what you don’t have is insurance on your portfolio –
and that’s where long term care insurance would come
in.”
Determining the particulars of retirement planning,
such as where sources of cash will come from and tax
planning, are also a part of the initial planning process.
“Financial planning is a work-in-process that needs to
be reviewed and modified as things change in a person’s
life,” said Morris, citing inheritances, the number of children
and medical life-changing events as examples. Along
with his CPA and planning expertise, Morris collaborates
with attorneys, bankers and other professionals to help
clients achieve their goals. Once a plan is implemented,
the educational process continues throughout the relationship
with the client, and in the case of a married couple,
both spouses must be present to understand exactly
what is being designed and prepared for the family unit.
MLM Wealth Management Group also assists business
owners with exit planning strategies by helping them to
determine the tax ramifications resulting from a sale of
for products and services.
Located in Mission Viejo, CA, MLM Wealth Management
Group’s advisors are registered representatives
with LPL Financial, one of the largest independent broker/dealers
in the nation. LPL provides a weekly commentary
providing insight on market and economic news
prepared by their financial research team, which is made
available on MLM’s website.
“The greatest success is to see a smile on a client’s face,
knowing that we’ve defined their problems, helped them
with a solution and that we are moving forward,” said
Morris.
Morris has also served as treasurer for the Fullerton
Museum Center for 25 years and has a 2nd degree black
belt in Tae Kwon Do.
27405 Puerta Real Suite 380
Mission Viejo, CA 92691
Office: 949-502-8530
www.mlmwmg.com
THE SUIT MAGAZINE p.53