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Providing the integrated components of successful wealth management.

We are focused on maximizing every aspect of our client’s financial ecosystems to create an ideal balance. KB Financial Partners’ investment philosophy and process are driven by our collective experience and knowledge, developed over decades of investing through many market cycles. We have built a seasoned, integrated team that partners closely with our clients to see the whole picture and identify opportunities that drive better outcomes.

Our investment management services are provided by our independent Registered Investment Advisor, KB Financial Partners. Our investment philosophy and process are driven by our investment committee’s collective experience and knowledge, developed over decades of investing through many market cycles. Our investment team defines our firm’s overall approach, regularly monitors markets and client portfolios and identifies both strategic and tactical opportunities for our clients. These principles form the foundation from which our investment services are delivered.

Who we are
KB Financial is a multi-discipline wealth management firm with over 40 years of retirement plan experience. Few firms have our depth of knowledge and experience. We believe in the golden rule of plan responsibility, that the retirement plan must be operated for the benefit of the plan participants.

Why we are different

  • We act as a plan fiduciary, accepting the role of a 3(21) co-fiduciary with you, or a 3(38) discretionary investment fiduciary. Brokers will not act as a plan fiduciary.
  • KB utilizes the science of behavioral economics to maximize plan design and operation. Features like automatic enrollment, auto increase, financial wellness and one-on-one consultation with plan participants.

For example, the typical plan education and enrollment meeting is a group powerpoint presentation to a room full of participants looking at pictures of senior citizens on sailboats. The science says that these meetings have less than a 1% influence on participant behavior. KB utilizes a system of one-on-one access that encourages participants to meet with a Certified Financial Planner to help them achieve the financial goals that are important to them, in a confidential consultation. The participant determines when the time is right to have these discussions.

Independence
We establish relationships with a variety of leading providers across the retirement plan provider marketplace. Instead of being limited to a small portfolio of products or platforms, our clients can benefit by choosing the provider that best meets their needs from a diverse lineup including many of the industry’s most prominent brands. We work with leading retirement plan providers including Fidelity, Charles Schwab, VOYA, Empower, John Hancock, Vanguard and Nationwide.

Resources
As an independent Member Firm of M Financial Group, we are supported by the resources and expertise of a firm with thousands of plans and billions of dollars of assets under management. With access to the intellectual capital of more than 145 M Member Firms around the country, we have the opportunity to collaborate with some of the leading minds in the industry and share these insights with the clients and advisors we serve.

Expertise
To complement our highly personalized process, knowledge and experience, KB Financial also offers our clients:

  • Comprehensive plan design and implementation services developed through years of hands-on experience
  • Sophisticated alternatives, including defined benefit carveouts, cash balance plans and many other customizable retirement plan features
  • Objective proprietary research provided by our in-house investment group with extensive asset allocation, mutual fund and investment management experience
  • Third-party research to help with plan menu selection and monitoring

Our combination of a highly personalized process, in-house knowledge and independence allows us to deliver effective retirement plan services for plans with $5 million to $500 million in assets. We can also offer meaningful advice to start-up plans with a contribution rate of $500,000 per year or more.

When a closely held business owner examines their succession plan and determines that the best course of action is to monetize part or all of the family legacy, rarely are they in the best position to execute a transaction. Positioning the business and establishing the most appropriate structure is essential to ensure the value of the enterprise is maximized, not only currently, but for future generations.  While it is possible to engage in planning strategies after a transaction has been announced, the largest benefits can be achieved by planning before a transaction is even contemplated and before significant appreciation in the business is realized. Our unique team of professionals work together to help take advantage of opportunities that may not be commonplace for firms that only execute transactions. With effective pre-transaction planning, often our clients can develop an enduring family legacy, and save significant sums in income and estate taxes.

Busy, affluent clients can often neglect their own planning and as a result may not maximize return on their assets, integrate corporate benefits, and have a complete view of their personal planning. Our program is designed to provide a centralized coordinating resource that brings clarity and continuity to our clients’ planning and utilizes a comprehensive view to maximize opportunities. By drawing on our 35 years of expertise, KB Financial will identify issues and opportunities and then develop a clear plan to address the gaps between our clients’ personal financial status and future goals. This planning approach is designed to assemble a diverse team around the executive and treat their personal affairs as a professional enterprise. This approach produces a highly adaptable wealth management program that provides our clients with a sense of clarity, confidence, and control of their family enterprise.

We understand the importance of preserving your legacy for future generations and supporting your philanthropic pursuits. KB Financial Planning and Wealth Management professionals collaborate with our clients on a strategic and tactical level to achieve their family estate planning and charitable giving goals.

  • Charitable Giving and Philanthropic Planning
  • Foundation Administration
  • Estate Planning Oversight

 

Many of our wealthy clients and their families maintain a complex array of assets with varying levels of liquidity. Implementing wealth and estate planning strategies can be a gradual, time-consuming process in order to be most effective. Additionally, factors such as market instability and the restructuring of assets and goals can have a noticeable impact on the creation and preservation of a client’s wealth.

Through life insurance, clients have the ability to maximize returns (free from income tax) and provide immediate liquidation upon the death of the insured(s). A well-constructed life insurance portfolio can provide vital stability to a client’s net worth, more liquidity than time-consuming wealth transfer strategies and protection from the forced sale of assets that might otherwise be required to fund estate tax liabilities at the insured(s)’ death.

Private Placement Life Insurance (PPLI) is a class of exclusive, institutionally priced variable life insurance, available to skilled purchasers and qualified investors. PPLI has the important ability to tax-efficiently apportion account values to both mutual and alternative investment funds. Our strategic partner, M Financial, is a leading expert in the structuring and administration of PPLI. Some of the largest portfolios in the industry are managed by M Financial Member Firms and include a wide variety of life insurance companies.

The recently passed 2017 Tax Act subjects the investment portfolios of many wealthy investors to a higher level of income tax, which results in lower after-tax returns on investment, prompting an increasing number of wealthy clients to utilize Private Placement Life Insurance (PPLI). This allows high net worth clients to enhance their after-tax investment returns.

If professionally structured, the values inside a PPLI account grow tax-deferred. Additionally, during the insured(s)’ life, a large percentage (~85%) of the account value is able to be accessed income tax-free. Upon the death of the insured(s), the remaining values not accessed during the insured(s)’ lifetime are paid to the beneficiary(ies) as an income tax-free life insurance benefit. A significant advantage is that typically the incremental cost of PPLI represents a savings over the cost of income taxes otherwise necessary on investment gains.

KB Wealth Team

James D. Kaplan

Chief Executive Officer
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Erik Mosholt

Chief Investment Officer, KB Wealth
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William H. Damora

Senior Director, Co-Founder KB Financial Companies
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Elliot Silverstein

Managing Director, Wealth Management
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Steven Zeiger

Managing Director, Wealth Management
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Linda Valente

Operations Manager
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Daniel J. Furiness

Director, Financial Planning
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Brad Heindel

Director, Investment Research
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Drew Frantz

Analyst, Portfolio Design
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Thea C. Kennedy

Manager, Client Services
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Robert L. Auer

Analyst, Insurance Solutions
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Rhea Jacobs

Executive Assistant
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Erika LaRocca

Executive Assistant
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Henry Ellis

Associate, Wealth Management
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James Firpo

Associate, Wealth Management
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