Broker Check

Business Planning Services

FMA provides a number of services to business owners and doctors and their firms as well as employees who are key to the success of their business or practice. For employers, these services may be provided in their entirety or on a selected basis. When necessary, we will confer with outside professionals or subcontract certain aspects of our service to deliver the highest quality advice to our clients.

Employer Sponsored Retirement Plans

As an Accredited Investment Fiduciary Analyst and CEFEX Analyst, Arnie Beck acts as a fiduciary advisor to assist businesses meet their fiduciary responsibilities to their employees and retirement plan under ERISA, including:

  • Evaluation of your existing retirement plan and cost structure
  • Conduct a feasibility study to maximize the company and employee tax benefits of your retirement plan
  • Develop a formal investment policy statement and establish clear criteria for selecting and monitoring investment managers
  • Assist you in reviewing and analyzing retirement plan proposals
  • Manage the transition from your current plan to your new retirement plan, including employee enrollment and education
  • Advise you on regulatory changes, program enhancements and investment due diligence n a quarterly or semi-annual basis
  • Advise the selecting and monitoring Third Party Administrator (TPA) services

Business Entity Analysis

FMA assists our clients to determine which business entity best meets their company and practice structure. These business entities include:

  • Sole Proprietorship
  • General Partnership
  • Limited Liability Company or Partnership
  • C Corporation
  • S Corporation

Business Continuity/Succession Planning

FMA advises business owners on issues involving transition of ownership interests among partners and shareholders. We also assist in implementing recommendations as a result of the review and analysis where appropriate.

Document Review

FMA provides a review of documents such as articles of incorporation, shareholder agreements, partnership agreements, employment contracts, non-compete and non-solicitation agreements and corporate by-laws. This service may also include the review of Board meeting minutes to determine if they are correct, up-to-date and appropriate for the business and medical practice’s needs. Where necessary changes are appropriate, FMA will arrange and coordinate their creation and implementation. 

Insurance Analysis

FMA assists our clients in determining appropriate insurance coverage and review current policies for proper coverage and cost competitiveness. In addition we will make recommendations for additional coverage or alternative solutions, where needed, and assist in selecting policies. Types of insurance coverage reviewed include, but are not limited to:

  • Executive Life
  • Disability or Disability Buy-sell
  • Group Life
  • Healthcare
  • Individual and Group Long Term Care
  • Professional Liability Coverage
  • Workers Compensation

Employee Benefits

FMA will assist our clients in reviewing the business owners  employee benefits options. Each review is done with emphasis on cost reductions and/or improvements. New or restructured benefits are recommended, where appropriate. Some of the benefits reviewed are:

  • Education Assistance
  • Health Savings Accounts
  • Group Life Insurance
  • Group or Individual Disability Insurance
  • Health and Dental Care Insurance, including prescription drugs
  • Individual and Group Long Term Care Insurance
  • Cafeteria Plans
  • Qualified Retirement Plans
  • Legal Aid Plans
  • Vision Care Plans

Compensation Benefit Arrangements

FMA reviews as needed, business and medical practice compensation benefit arrangements for appropriateness and cost effectiveness. FMA coordinates the implementation of new benefits, if appropriate, such as:

  • Non-qualified Deferred Compensation Agreements
  • Personally owned Disability and Life Insurance
  • Split Dollar and Reverse Split-Dollar Life Insurance where it meets IRS guidelines
  • In addition to the above specialized services to businesses and medical practices, the advisors at FMA also provide Financial Planning, Investment Advisory
  • Services, Retirement Planning, Estate Planning, College Education Planning,
  • Philanthropy and Charitable Gifting and Tax Preparation Planning and
  • Representation to our individual Business and Medical practice clients as a company or practice benefit.