A comprehensive financial plan should be based on your goals. Baker Camp Capital offers complete, holistic planning services. We will work with you to create a custom financial roadmap by assessing your current financial situation and identifying gaps.
Our full suite of financial services ranges from life insurance, disability income insurance and long term care insurance to estate planning, investments and retirement planning.
We also offer solutions to corporate clients and growing businesses, including benefits administration, risk management, business succession planning, retirement planning and education funding strategies.
Take a look at our planning paradigm:
Discovery: Identify and think about the problem The first phase begins by thinking clearly about the problem. This is called the Discovery phase and is where clarity is achieved around your goals and planning gaps are identified.
Creative Solutions: Think about the solution The second phase is the Creative Solutions phase where you think clearly about the solutions and make decisions regarding closing the planning gaps.
Strategy Deployment: Implement the solution The third phase is the Strategy Deployment phase where you implement the solution and help achieve your desired results.
Results Management: Manage the results The final phase is the Results Management phase where we establish a plan to manage and implement the results. This assures you have confidence your plan will work over time. The client is free to implement the plan recommendations with whomever he/she chooses. Periodicreviews or updates require a new agreement and may be subject to additional fees.
Baker Camp Capital has partnered with The MassMutual Center for Business Analysis.
The Closely-Held Business Evaluation Program (ChBEP) was developed to assist in analyzing the estate and business planning needs of closely-held business owners.
The program is especially useful with (and is therefore limited to) businesses of the following characteristics:
1. The business has Annual Gross Revenue of at least $1 Million per year for the past 3 to 5 years;
2. The business is a LLC, C Corporation or an S Corporation;
3. The business is Closely Held (fewer than 10 shareholders);
4. The business must exhibit consistent growth of at least 2 percent annually over the past 3 to 5 years.
Note: Startups (with less than three years of activity) are not eligible for this program.
We want to understand your business inside-and-out so that we may recommend strategies and solutions to grow and protect it.
We will work with you to develop a plan that includes:
Business Succession Planning
Qualified & Non-Qualified Benefit Planning
Group Life, Disability and Health Insurance Planning
Client Referral Services
You have worked hard to accumulate wealth, and Baker Camp Capital is skilled at assisting you in protecting your estate and leaving a legacy that reflects core values and beliefs. We will work with you to develop a comprehensive plan to meet your goals and ensure your family’s financial security.
Through comprehensive estate planning we work to ensure your assets are protected and distributed according to your wishes. Our team will also help you navigate the complex estate tax landscape.
Baker Capital Management offers:
Coordination of Tax Attorneys
Asset Distribution Services
We offer the following trust services:
Revocable Living Trusts
A revocable trust allows for the professional management of your assets during your lifetime and following your death. This type of trust often permits your assets to be managed without the need for a court-ordered guardianship if you become incapacitated, and allows your assets to pass to beneficiaries outside of the potentially costly and time-consuming probate process after your death.
An irrevocable trust allows for the professional management of your assets and allows you to make gifts to the trust – free of gift tax up to certain limits – so that assets can grow and pass to your beneficiaries without being diminished by estate taxes.
Charitable Remainder and Lead Trusts
Irrevocable trusts that are designed to provide income to beneficiaries and to charitable organizations, often at a lower tax cost than gifts made outside of these trusts.
These are irrevocable trusts that endure for multiple generations, so that assets can be managed for, and distributed to, grandchildren and generations beyond. This strategy frequently avoids estate and gift taxes that would apply if assets were transferred outright to each generation.
Marital and Credit Shelter Trusts
Trusts that take advantage of state and federal estate tax exemptions so that property can pass to a surviving spouse and other beneficiaries while minimizing the impact of estate taxes.
Investment fiduciaries are constantly exposed to legal and practical scrutiny — it comes from multiple directions and for various reasons. It is likely that complaints and/or lawsuits alleging investment mismanagement will continue to increase. Although some of these allegations may be justified, many can be avoided by having clear knowledge of who constitutes a fiduciary and what is required of one.
The AIF training and designation help mitigate this liability by instructing in practices that cover pertinent legislation and best practices. The Accredited Investment Fiduciary® (AIF®) designation represents a thorough knowledge of and ability to apply the fiduciary Practices. Through fi360’s AIF Training programs, AIF designees learn the Practices and the legal and best practice framework they are built upon. AIF designees have a reputation in the industry for the ability to implement a prudent process into their own investment practices as well as being able to assist others in implementing proper policies and procedures.
For these reasons, the AIF® was named one of the “Ten Most Wanted” designations in the investment industry by Financial Planning magazine.
And here is the code of ethics AIF® designees are requires to attest to:
fi360 AIF® Code of Ethics
To our clients, we will:
Employ and provide the client information on the Prudent Practices when serving as an investment fiduciary and/or advising other investment fiduciaries.
Act with honesty and integrity and avoid conflicts of interest, real or perceived.
Ensure the timely and understandable disclosure of relevant information that is accurate, complete, and objective.
Be responsible when determining the value of my services and my form of compensation; taking into consideration the time, skill, experience, and special circumstances involved in providing my services.
Know the limits of my expertise, and refer my clients to colleagues and/or other professionals in connection with issues beyond my knowledge and skills.
Respect the confidentiality of information acquired in the course of my work, and not disclose such information to others, except when authorized or otherwise legally obligated to do so. I will not use confidential information acquired in the course of my work for my personal advantage.
Not exploit any relationship or responsibility that has been entrusted to me.
To our community (whether defined by work, family, and/or friends), we will:
Proactively promote and be a steward of ethical behavior as a responsible partner among my peers in the work environment and in my community.
Ensure that the overall promotion of my practice is implemented in the best interests of my profession.
Seek, accept, and offer honest criticism of technical work; acknowledge and correct errors; and properly credit the contributions of others.
Use corporate assets and resources employed or entrusted to me in a responsible manner.
Continue to improve my knowledge and skills, share ideas and information with colleagues, and assist them.
We believe that you deserve a fiduciary standard of care.
Why Choose a Certified Financial Planner™ Professional?
Most people think all financial planners are “certified,” but this isn’t true. Just about anyone can use the title “financial planner.” Only those who have fulfilled CFP Board's rigorous requirements can call themselves a CFP®professional.
CFP® professionals are held to strict ethical standards to ensure financial planning recommendations are in your best interest. What’s more, a CFP® professional must acquire several years of experience related to delivering financial planning services to clients and pass the comprehensive CFP® Certification Exam before they can call themselves a CFP® professional.
Financial planning is a dynamic process. Your financial goals may evolve over the years due to shifts in your lifestyle or circumstances such as an inheritance, career change, marriage, house purchase or a growing family. As you begin to consider how best to manage your financial future, you should feel confident knowing that with a CFP® professional, you’re working with someone committed to providing the highest standard of financial planning.
Baker Capital Management has partnered with Tyler S. Camp, CFP® to facilitate planning models held to the highest fiduciary standards.
Financing a loved one’s education is challenging. Baker Camp Capital will develop a personalized plan to achieve goals to fund higher education.