01. About Us
Qualified financial professionals are the heart of Southern Kentucky Financial Services. We are passionate about helping people achieve their goals. By working together to create a plan, we are able to build important relationships and address critical issues that are important to you and your family.
02. Our Mission
Our mission is to provide the most exceptional client experience in our industry and to always put our clients first. Southern Kentucky Financial Services strives to increase spendable income, reduce risk, and minimize taxes.
03. Our Process
Our process begins with getting to know you and your goals. Tell us where you want to go, and we'll work with you to develop a plan that suits your needs. And as your life changes, we'll adjust your plan so it better aligns with your new path.
We serve people who care about their families and are transitioning from working to retirement. We set our clients at ease by helping them with their investment advice, fee-based holistic financial planning, and planning for retirement. Our firm continues to grow, and we are sought after because of our client-focused service in a welcoming atmosphere where clients are treated like family.
We are proud recipients of the 2019 and 2021 "Best of BG" Award for our financial services! “Best of BG” is an annual popularity contest sponsored by the Bowling Green Daily News in Bowling Green, Kentucky. Voters go online to cast their ballot for their favorite companies around BG!
How often do we communicate?
We feel that communication is the cornerstone of a successful relationship. It is also a two-way street. We routinely meet with our clients at least twice per year, generally at the beginning of the year to map out the road ahead, as well as towards the end of the year to solidify any decisions that may have an impact on the tax year. In addition to our routine meetings, we pride ourselves on unlimited availability for our clients. We want to be a part of every major financial decision you face, as well as a trusted resource for things you just need a second opinion on. For this reason, we generally are speaking with most of our clients between 3 – 10 times per year.
In addition, we regularly communicate ideas, economic conditions, market trends, investment ideas, and other writings we feel will benefit our clients through our blogs and emails.
What is the difference between tax preparation and tax planning?
Tax preparation is reactive, you are taking historical numbers and filing them into software correctly to determine how much you owe or receive back as a refund. Tax planning is proactive and is a year-round process. From ensuring a plan is in place to fund estimated tax liabilities, to monitoring investment transactions or stock options so they don’t cause the wrong type of tax, to managing proper investment types to maximize after tax returns, proper tax planning can add substantial wealth to you and your family over time. When clients engage with our wealth management offering, tax planning is included in our offering.
How do I work with southern kentucky financial services for wealth management services?
At Southern Kentucky Financial Services we utilize the spectrum of financial disciplines available, such as financial and investment advice, estate planning, tax services, and retirement planning, to manage our client's wealth for one set cost. That cost generally ranges between 0.5% – 1.0% of the assets we manage, depending on the amount invested. This fee is deducted right from your investment advisory account on a quarterly basis. For example, if the annual investment advisory fee is 1.0%, then 0.25% is billed quarterly.
We only assess our fee on the assets under management by our firm, but we do advise on all our client’s assets to help them achieve their goals and objectives. For example, if a client had $1,000,000 of assets under management with Southern Kentucky Financial Services but also has $500,000 of company stock and 2 investment properties, we help advise on all their assets, liabilities, and opportunities even though we are only actively managing and billing on the $1,000,000 they have entrusted with us.