A financial plan is a personalized roadmap for achieving your financial goals and it’s an important tool to help keep your investments on track. At Santander, we conduct a comprehensive analysis of your current financial situation, then we’ll work with you to create a plan for your goals, whether it’s for a big purchase, securing your retirement, or for growing your rainy-day fund. Your plan will highlight ways to reach your goals, like reducing spending, changing your investment strategy, or saving more.

A personalized plan can cover a range of concerns, including generational wealth transfer, investment planning, incapacity planning, education funding and income planning. It will also consider your prioritized goals, such as building a tax efficient income plan or creating a custom investment strategy based around personalized risk levels. 

We review your plan to analyze the projected data and determine your current financial situation. This allows us to advise you on your roadmap. It also helps us make specific recommendations. For instance, if your current portfolio is concentrated in one specific market sector, a recommendation might be to diversify the portfolio to reduce risk.

Finally, it helps us to conduct annual reviews with you, to track your progress. Changes in your life today often will change your goals for tomorrow. It’s important to continually update your plan to ensure your goals and concerns are being addressed. 

Yes, you choose whether you want to focus on income or growth with your investment dollars, or a combination of both. A Financial Advisor can show you various ways to assist with this goal. 

• Assets: Financial statements from investment accounts, bank account detail information
• Liabilities: Outstanding debt obligations, mortgage, HELOC, student loan, personal loan, car loans
• Monthly payments: Broken down by principal and interest
• Income: Pre-retirement: salaries, rental income, etc.
• Retirement Income: Social Security payments, pension payments, etc.
• Expenses: What are your current monthly expenses? Will these expenses increase during retirement (travel, moving, etc.)? 

Yes, our Financial Advisors are fully licensed to provide insurance advice and alternatives appropriate for your family and your goals. 

We can help clients plan for retirement income. We use your retirement income goals to develop a financial plan, implement strategies to help achieve those goals, and can periodically assess your plan's progress. 

Among the potential benefits:

• Being prepared for the "what ifs" of life
• Realistic retirement expectations
• Personalized financial planning
• Tax-efficient wealth transfer* 

Investing involves risk. Your Santander portfolio is based in part on your comfort with, and ability to tolerate, risk. For example, you may have a high comfort with risk (you’re okay with big market downturns while seeking a better return in the long run). Alternatively, because of your income, spending needs, or age, you may not be able to tolerate big market swings. Santander Investment Services offers investments that are appropriate for many different risk tolerances. Your Financial Advisor will take your risk tolerance into consideration when making investment recommendations. 

A Financial Advisor can advise on the appropriateness of various retirement plans. Santander Investment Services offers a traditional individual retirement account (IRA), Roth IRA, rollover IRA (for funds rolled over from a former employer’s 401(k) or 403(b) plan), and SEP IRA. Your Financial Advisor will review your personal financial situation and consider things like the appropriateness of tax-advantaged investment accounts*. 

Yes, you can set up automatic monthly contributions to your investment account from linked bank account(s). This is one way to help continue growing your money and may reduce the effort required to meet your financial goals. 

You can access your investment account documents, including your tax documents, through Santander Online Banking or by calling us at 866-736-6475.