Important Questions You
Should Ask About MemberCARE® Financial
Services
In order
to provide you with some background information, here are the answers to some
questions you might have.
WHO IS MemberCARE®
Financial Services?
MemberCARE® Financial Services is a division of the CUMIS group
of Companies offering financial planning, life insurance, and investments to
members and non members of credit unions and their communities.
WHAT DO WE OFFER?
Sound
financial advice regarding investments and related tax consequences, insurance,
estate planning, farm estate planning, retirement, and general financial
matters.
WHOM
DO WE SERVE?
Individuals,
corporations, small businesses, estates, and trusts.
WHO CAN BENEFIT MOST BY OUR
SERVICES?
Any client
who has a financial, or investment problem or seeks investment strategies to
minimize tax or who wishes to plan prudently for their financial future. Furthermore, clients who desire a higher,
more sophisticated level of financial or investment planning services than they
are receiving from their other advisors may find our programs appealing.
HOW MUCH DO WE NEED TO START A
FINANCIAL PLANNING PROGRAM?
There is
no minimum or maximum dollar requirement.
We recognize that persons with modest assets have financial problems or
needs as well.
WHAT IS A FINANCIAL PLAN?
An overall
review of your financial situation, taking into account your goals and
objectives and focusing on such areas as: investment tax minimization, asset
management, estate planning, risk management, education planning, and
retirement. The plan analyzes and
recommends ways that you can achieve your financial objectives. Depending on your specific desires and
needs, some or all of these areas will be addressed by the plan, which will be
presented in writing.
HOW MUCH DO WE CHARGE FOR PLANNING
SERVICES?
We do not
charge a fee for service for financial planning. We prepare financial plans before making any specific
recommendations for individuals. If you
invest through us, we may receive commissions from the vendors of some
investment or insurance products. Other
cases there may be commissions charged to your account. In any event, we outline any direct or
indirect commissions related to your investment decision before final purchase.
UPON THE DEVELOPMENT OF A FINANCIAL
PLAN, ARE YOU OBLIGATED IN ANY WAY?
Absolutely
not.
DO
WE PROVIDE LEGAL SERVICES OR TAX PREPARATION SERVICES?
No, we do
however recommend competent individuals in these areas as required or requested
by our clients.
WHAT
TYPES OF INVESTMENTS DO WE PROVIDE ADVICE ABOUT?
GIC’s,
mutual finds, fixed income and equity investments such as stocks, and insurance
products such as life, disability or critical illness.
WHAT
METHOD OF ANALYZE DO WE USE TO ANALYZE INVESTMENTS?
We use a
fundamental approach, such as economic conditions, earnings, industry outlook,
historical data, price earnings ratios, dividends, general level of interest
rates, company management and tax benefits.
We attempt to select a client’s investments to harmonize with their
financial objectives.
DO
WE GUARANTEE INVESTMENT PERFORMANCE?
No, nobody
can.
WHAT TYPES OF INVESTMENT STRATEGIES
DO WE USUALLY RECOMMEND?
We make
long-term recommendations with occasional short-term strategies as the
circumstances may indicate.
WILL CLIENT INFORMATION BE KEPT
CONFIDENTIAL?
Yes, it is
the law.
ONCE A PROGRAM IS COMPLETED, DOES
OUR RELATIONSHIP END?
Absolutely
not. Working with MemberCARE® Financial Services is a process and not a “one shot”
transaction. We offer on going service,
periodic review, and day-to-day consultation as necessary.
HOW DO WE GET STARTED?
Tell us
your problem or need and we’ll let you know if we can be of assistance to you.
Contact us at:
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