Product and Services
JK Jones Financial Network offers a full range of services to help meet each clients needs. We work with each client to determine goals and risk tolerance to develop an investment program. We are well-versed in the principles of investing, diversification, asset allocation, tax issues and risk assessment. We educate our clients for financial success and continue to monitor and advise as economic conditions which affect the portfolio change.
JK Jones uses a variety of products and services to help meet the needs of our clients.
- Managed Stock and Bond Portfolios
- Insurance and Annuities
- Long Term Care Insurance
- Legacy Planning
- Estate and Trust Planning
- Charitable Giving
- College Planning
- Tax Planning
Managed Stock and Bond Portfolios
Most investors want above-market performance with below-market risk. With this in mind, we seek to solve the investor's dilemma by providing wealth management solutions that participate in growth markets and help protect principal in down markets to provide greater peace of mind. Diversification is sometimes not enough to weather bear markets, as we saw in 2008. Over the history of investing in the market, the less an investor's account loses in negative markets, the further ahead they will be when the market turns positive. If an investor loses 15% in one year, they will need to gain 17.65% to get back their original investment. Our quantitative, unemotional and rigorous approach to managing risk and volatility helps reduce your investment exposure in down markets so there can be more principal available in growth markets.
Insurance and Annuities
- Life Insurance
Life insurance is an essential part of any financial program. A variety of policies and limits can be used to pay off a mortgage, cover future education expenses, fund a business buy-sell agreement and more. The type of policy and contribution limits you need will depend on your financial goals. We can help you review your existing policies and recommend policy changes, when appropriate. - Term Insurance
Term insurance provides protection for a specified period of time and pays a benefit only if you die during the term. This type of insurance can often be renewed when you reach the end of a specified time period, but it does not build any cash value. - Permanent Insurance
Permanent insurance enables you to accumulate a cash value while you are still alive, offering tax-deferred growth until withdrawal on the cash value during life and, generally, a tax-free death benefit. - Annuities
Fixed annuities are long-term investments designed for retirement purposes. Guaranteed interest rates are based on the claims-paying ability of the underlying insurance company. Surrender charges may apply. Withdrawals are subject to ordinary income taxes, and if made prior to age 59 1/2, may be subject to a 10% penalty.
(Note: Withdrawals before the age of 591/2 could result in a 10% penalty. Withdrawals from annuities will affect both the account values and death benefit. Guarantees are based upon the claims-paying ability of the underlying insurance company.) - Fixed Annuity
Fixed annuities pay the recipient the same amount every month. Because the amount of withdrawal remains the same, there is the danger that inflation over several years may reduce the purchasing power of the payment.
Long Term Care Insurance
Long-term care is a type of personal care service you may need if you become unable to care for yourself because of a prolonged physical illness, a disability, or a cognitive impairment, such as Alzheimer's disease. If you can't take care of yourself when you're old, there are plenty of resources from which to choose: home-health services, adult day-care centers, assisted-living facilities, or nursing homes. Finding the money to pay for such help, however, presents a dilemma. Long term care insurance is another method to pay for long term care expenses. Long term care insurance premiums are based on your current health, age and the type of plan that you purchase.
Legacy Planning
Will your families' legacy be defined by what you value or by the value of what you own? Studies show that nine out ten wealthy families will see the family fortune dissolve by the end of the third generation. [1] Why? Beneficiaries of wealth can not maintain their inheritance if they have not realized their own self actualization (affluenza).
When families have built wealth through their investments, or a business, prepare with their attorney to leave these assets to their heirs, they have prepared for their death and not for what will sustain the family fifty years down the road. The families' values, faith, traditions and work ethic which built the wealth is not passed on in wills and trusts and provides little chance of the families' survival. Traditional planning is important, but it does not go far enough to sustain the families' heritage.
We help clients identify the values that helped their family achieve success, and then we assist in making those values the foundation for a strong family designed to last for generations.
Estate and Trust Planning
- Estate Planning
Up to 70% of your estate could be owed in estate and income taxes. We are experienced in the analysis of the current estate plan, including wills, trusts and business agreements. Estate planning creates a master plan for the management of your property during life and the distribution of that property at death. It will give you more control over your assets during your life and allow for the transfer of wealth to whom you want, when you want, at the lowest possible cost. We can work closely with your attorney in accomplishing these goals. Key areas include property titling, life insurance, gifting, wills, and trusts. - Trusts
We offer impartial investment advice, years of experience in managing trusts, and an understanding of the laws and regulations that affect any trust you establish. We will help protect your trust assets, follow the terms of the trust agreement and related documents, and help serve the best interests of your beneficiaries. Based on your needs and circumstances, you may utilize us as an agent for your trustee or personal representative, and your portfolio manager or advisor. - Living (Intervivos) Trusts
Gives donor full control of assets, flexibility and access to professional management throughout lifetime. - Irrevocable Trust
Permanently transfers assets and their subsequent appreciation to heirs. - Marital Deduction Trust
Created under a living trust or by will, established to receive an amount on behalf of the surviving spouse that qualifies for the marital deduction. - Minor's Trust
Controls gifts to child under annual gift exclusion, providing asset management until the child reaches the age of majority. - Irrevocable Insurance Trust
Keeps proceeds from a life insurance policy out of donor's estate and provides beneficiaries with liquidity to pay estate taxes. - Charitable Remainder Trust
By making a gift of highly-appreciated assets to charity, lets donor receive income from assets for life, as well as current income tax deduction. Can serve as a supplemental retirement plan.
Charitable Giving
Ultimately your estate can pass to only three places: your heirs, a charity, or the government, so it is important to know that you have control over how this split will be determined. Charitable planning involves selecting the gifted property and charitable structure that will target your needs. Special trusts and beneficiary designations allow you to direct a gift to your favorite charity in an efficient manor.
College Planning
- 529 Plans
Section 529 College Savings Plans are higher education savings plan trusts established under Section 529(b) of the Internal Revenue Service Code as qualified tuition programs. Through these plans, individuals may make investments for the purpose of accumulating savings for education costs of beneficiaries. 529 plans are administered by individual states and most state 529 plans have open enrollment, allowing both residents and nonresidents to participate. Plans differ from state to state, and many states offer different contribution limits and investment strategies depending on the account holder's investment goals.
(Note: Investors should consider carefully the investment objectives, risks, charges and expenses of the municipal fund before investing. This, as well as other important information, is contained in the official statement. Please read it carefully befroe investing or sending money.
An investor's home state may offer favorable tax treatment only for investing in a plan offered by such a state.Consult your tax advisor regarding state and federal tax consequences of the investment.
Participation in a 529 plan does not guarantee that the contributions and investment return will be sufficient to cover future higher education expenses. Investments involve risk and you may incur a profit or a loss.) - Coverdell Education Savings Accounts
Education savings accounts are a tax-advantaged way to save for college. Like an IRA, there are limitations on how much an individual can invest each year, as well as income restrictions on receiving the tax-advantaged investment treatment. - Custodial Accounts
Custodial Accounts - Uniform Gift Act (UGMA) accounts or Uniform Transfer to Minor Act (UTMA) accounts are another tax-advantaged tool by which to save for a college education. A parent, grandparent, or other adult generally serves as the custodian for the account and makes all the investment decisions until the child for whom the account was opened reaches the age of majority.
Tax Planning
JK Jones Financial Network combines the highest levels of experience and knowledge with personal care and concern to provide you with the most complete, accurate and effective tax services available. We have highly experienced tax professionals who help minimize your tax liabilities. Tax planning is a necessary component of wealth management in this increasingly complex environment. Our dedicated team of tax professionals will help identify and resolve your tax issues, and assist you in formulating and implementing a customized tax strategy.
We are business advisors experienced at serving the needs of a diverse client base, with an understanding of the concerns faced by all sizes of business. We offer an extensive array of products and services to help you successfully manage your financial future. From tax return preparation (through Jones & Company, Certified Public Accountants) to retirement and compensation planning, consider JK Jones your financial partner.