McCormack Financial Planning

In the realm of financial planning, one undeniable truth stands out: each individual’s financial objectives are unique, rendering a one-size-fits-all approach inadequate. Today, many financial practitioners tend to adopt a generic strategy, which often falls short in addressing the complexities of risk management, return optimization, and prudent financial stewardship.

At McCormack Financial Planning, the emphasis is on personalization, trust, and integrity, cultivated through extensive field expertise and over two decades of experience in the financial industry.

“We’re not just financial planners; we’re trusted advisors, committed to creating a personal and caring relationship with clients. We build individualized portfolios through transparent conversations about their past, present, and future financial goals,” says Barbara McCormack, CFP^®, principal at McCormack Financial Planning.

A recent collaboration with a family facing numerous financial challenges serves as a testament to this commitment. This family, comprised of a couple and their three children, sought the company’s assistance. Recognizing the complexity of their financial situation, McCormack Financial Planning proactively recommended disability insurance for the wife.

The importance of this strategic insurance planning became abundantly clear when tragedy struck—the wife developed a severe illness and, sadly, passed away. The family expressed deep gratitude for McCormack Financial Planning’s unwavering support and guidance, which not only ensured their financial stability during the crisis but also laid a foundation for their future financial well-being.

This story showcases the company’s hands-on experience in assisting clients in making sound personal and business decisions. In each client engagement, McCormack Financial Planning places the utmost care in understanding their needs and financial goals. The process entails a comprehensive analysis of a client’s current financial status in relation to their future objectives, encompassing all aspects—analyzing assets, liabilities, net worth, cash flow, investments, taxes, estate planning, and risk management. This thorough analysis forms the foundation for all their financial decisions.

A crucial aspect that underpins McCormack Financial Planning’s process is risk management. The firm collaborates with clients to identify risks, review existing policies, and recommend necessary modifications if their coverage falls short. Additionally, it constructs suitable investment portfolios to help clients attain their financial goals, transfer their risks, and protect them and their assets.

Behind the firm’s successful problem-solving capabilities is a team of certified, trusted, and objective experts who guide clients through the entire financial planning process. This team comprises a full-time trader and active CFPs who collaborate with attorneys, insurance agents, CPAs, and other advisors to coordinate and implement each plan aspect while continuously monitoring and adjusting their investments with changing circumstances.

The wide array of services and dedicated team of advisors who genuinely care for clients’ financial well-being continue to position McCormack Financial Planning as a leader in the financial planning space. The firm remains committed to proactively guiding clients to plan for their future, delivering on its promise of exceeding their expectations with a transparent, customized approach to their financial needs.

In addition to its dedication to personalization and transparent financial planning, McCormack Financial Planning serves a diverse clientele, including first-generation clients, their children, and their grandchildren. The firm offers a range of services, from investments and taxes to estate planning and risk management. It follows a fee-based model that combines fees and commissions from annuities and life insurance, with all commissions received being credited back to the clients against any fees, thus uniquely ensuring clients receive comprehensive financial solutions. Clients sign annual contracts and are billed quarterly based on a percentage of their assets, demonstrating an ongoing commitment to their financial success.

With its unwavering commitment to transparent and personalized financial planning, McCormack Financial Planning continues to excel in the financial industry, ensuring that clients receive individualized, trustworthy guidance to achieve their financial goals.