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Our Core Areas of Expertise

Plymouth, MN based GPS Wealth Management, LLC (GPSWM) offers wealth management, portfolio management, retirement confidence planning, tax, estate, and financial planning services. Plan for your financial future today with a cutting-edge firm for today's fast-paced financial world. GPSWM wasn’t named that by mistake. It is our belief that in today’s world, your wealth manager and investment advisor needs to have all of the cutting-edge resources available. The traditional meaning of GPS is Global Positioning Satellite. In our terms GPS has a similar meaning: It is a Global world where positioning is critical and our clients think of us as their Satellite to help them navigate the complexities of the investment, tax, estate planning, insurance planning, and business planning world.

GROW - PROTECT - SUCCEED


GPS Global Positioning POWER Principles™

At GPSWM we take both yours and our core principles seriously. It is our belief that anything in life without the backing of prudent principles is doomed to fail or not succeed. Without making this too complex, we value our services with three core principles:

1. As fiduciaries we take that responsibility seriously. Our clients' needs come first and last – always. A relationship based on solid principles is a set-up for success.
2. As a group of human beings collectively working for the success of our clients we strive to create a hardworking and fast-paced work environment that is also enjoyable and rewarding for each team member.
3. In order to achieve success we ask our current and prospective clients to interact with us in an honest and open forum so we can provide the advice and services you need and avoid what you do not need.

“There are three constants in life... change, choice and principles.”
--Stephen Covey


GPS Global Positioning POWER Priorities™

At GPSWM we collectively discuss your priorities and focus on what we collectively need to do to mold a plan to achieve success. Often this could entail meeting with more than one of our team members. Your priorities will be the cornerstone of the GPS Map we will help you create. This is a “road map” and time frame of what you need to do to accomplish the success of your priorities.

1. Be efficient, honest, and considerate when interacting with clients and prospective clients.
2. Be respectful to all.
3. Be considerate of our clients' time and needs.
4. When the phone rings or an e-mail comes in – we answer them whenever available. We have a strict response time whenever possible.
5. Assemble whatever internal or external team members necessary for each client to achieve growth – protection and success.

“Our life is the sum total of all the decisions we make every day, and those decisions are determined by our priorities.”
--Myles Munroe


GPS Global Positioning POWER Planning™

At GPSWM we use state-of-the-art financial planning software, projection analysis tools, tax-planning programs, estate planning technology and more. Not everyone needs a complete financial plan so we go back to the initial priorities discussion and form a strategy to focus on your areas of need and create plans to achieve success of those priorities.

There are many aspects to developing a financial (wealth management) plan; some of which may or may not be appropriate for a particular situation. Below is an outline of what GPSWM can provide in an, high-tech planning system.

• GPS MAP—If appropriate, we will develop a GPS Map. This map will outline the areas of need and a timeline for discussion and implementation. The plan will include ongoing topics of review such as portfolio management, tax planning, investment ideas for the current market situation and more.

Portfolio Management—At GPSM we take a global, tactical, and opportunistic approach. What does this mean? We look at all asset classes and sectors and determine if the particular investment is overvalued or undervalued. If it is significantly undervalued, e.g. stocks after the crashes of 2001-02 and 2008-09, we may elect to overweight that particular area in a proactive approach. Conversely, if something is overvalued, e.g. stocks before the dot.com bubble, before the financial crisis in 2007 and what might be approaching (?), we may elect to underweight or even avoid a particular asset class or sector. We also can implement alternative investments when we don’t have a high conviction of traditional stocks or bonds or when they pose an opportunity.

Retirement Planning—At GPSWM we know that no one wants to outlive their assets. We use sophisticated projection software that is not a simple calculator to determine prudent retirement income streams, tax consequences, market volatility and more. Our clients know what they can expect or what they need to do to achieve certain retirement goals in an easy-to-understand though detailed retirement plan. We incorporate Social Security, pension analysis and maximization, annuity income (if applicable), investment income, tax strategies and more into our retirement planning.

Tax-planning—We have an in-house CPA firm where we work in conjunction with to help form our clients' tax-planning. We systematically do tax harvesting, which is selling investments that are down to capture the tax-loss that can often be used to offset gains in a taxable account. GPSWM also can develop a separate tax plan that includes avoidance of tax when selling highly appreciated assets through the use of certain trusts, etc., planning for age 70.5 when people have to take out their required minimum distributions from IRA’s, finding certain tax-shelters and write-offs, helping small business owners reduce their tax bill and more.

Estate Planning—We only go as needed when developing estate plans. Some situations are more complex and require more time to develop a proper estate plan while some situations are fairly simple. We have in-house estate planning attorneys as well as a group of local attorneys we frequently work with. Our clients are always free to collaborate with GPSWM and their own attorney. We can also incorporate charitable planning and the use of tools such as charitable remainder trusts, CRUTs, GRAT, s, family limited partnerships, donor advised funds, cabin trusts, life estates’ etc. This type of advanced planning can be discussed on an individual basis.

Insurance Planning—It is our belief to only insure what is necessary and to use the most cost advantage products available. We can include in the financial plan the necessary need for life, health, long-term care, disability and liability amounts and cost-effective product choices.

Small Business Planning—Many of our clients own small businesses. We have helped them with succession planning, ongoing tax strategies, selling of the business, how to organize the business (S corp, C corp, LLC, sole proprietorship), buy/sell agreements, trusts and more.

“Productivity is never an accident. It is always the result of a commitment to excellence, intelligent planning, and focused effort.”
--Paul J. Meyer


GPS Global Positioning POWER Portfolios™

GPSWM specializes in tactical management - actively rebalancing and overweighting in areas that are considered undervalued asset classes and sectors.  GPSWM then underweights or avoids areas we do not like (overvalued asset classes and sectors). We overlay this with an “opportunistic” approach whereas our asset class base is expanded to more than the cookie-cutter approach most investors use when simply allocating to traditional stocks and bonds. GPSWM feels the traditional market place will not achieve the results most investors are seeking in the next few years so we often overlay alternative strategies when we are not overly optimistic about traditional categories.

GPSWM utilizes low-cost exchange traded funds (ETF’s), money managers that can make a difference and have a knack, talented stock and bond pickers and alternative types of investments. Some of the alternatives we have implemented for clients in the past are global macro funds, long/short funds, event driven funds, managed futures, real estate, commodities, gold, mining stocks, inverse funds and more.  GPSWM is one of few wealth management firms that use stock and index options when appropriate to help grow and protect portfolios.

GPSWM doesn’t believe in traditional “risk tolerance forms” or as we call them “risky tolerance forms” that use "point systems" to identify risk tolerance.  We believe in getting to know our clients and have developed an out-of-the-box investor questionnaire that helps communicate what each investor is trying to accomplish and how we need to advise them to succeed.

GPSWM does do an extensive risk analysis by asking real life questions, "what if" scenarios and adhering to our clients' priorities. While we hold our investment vehicles to their independent benchmark, we typically do not use traditional benchmarks to measure portfolio success. Most traditional benchmarks are outdated for today's investment world.  Instead, we work with our clients to build a customized benchmark or a success scale (are you on pace to achieve success).  We then have the option of developing an Investment Policy Statement (IPS) which outlines predetermined portfolio constraints that our clients desire.

“Management is efficiency in climbing the ladder of success; leadership determines whether the ladder is leaning against the right wall.”
--Stephen Covey


GPS Global Positioning POWER Progression™

At GPSWM we realize the need for state-of-the-art technology for client reporting including your goals-based success scale, progress reports, asset allocation, performance, online access to accounts and financial tools as well as frequent progress updates based on your portfolios and financial planning success.

GPSWM has partnered with some of the world’s best technology partners and reporting services to give you the best available technology and knowledge to review your situation as often as you desire.