Orlando, FL based Fiduciaries, Financial Advisors and Insurance Agents working exclusively with Business Owners and their employees. As Fiduciaries, we have partnered Nationally with Best in class organizations to offer our clients a level of Independent unbiased research, planning and support that can’t be matched by smaller firms.
In addition to our national partners are local partners play in equal role to the success of our clients. Local attorneys in Estate, Property, ERISA and other matters combined with the most informed forward thinking Certified Public Accountants.
"I only work with business owners because I continually see their needs not being met. Owning a corporation with employees comes with Additional considerations - Taxes, Corporate Structures, Trusts, DOL Regulations, ERISA and Qualified Plans must all be working together to create an effective and compliant business and Retirement for the owner. If your Financial Advisor doesn't know your CPA and Attorney, you most likely have an in-efficient plan"
Level-funded also called Partially Self-Funded has been getting a lot of attention the past few years as most employers are seeing an average of a 20% reduction in premium costs.
These plans provide an attractive and innovative alternative to traditional health insurance solutions. The industries improved version at self-funding, level funded plans employers can budget for small, predictable claims-and use stop loss protection to protect their business from unpredictable catastrophic claims. This allows both the cost reduction in premiums, access to excess claims fund (if any) while adding the stop-loss on downside protection if claims are exceeded. Level-Funded can be practical and cost effective for groups with as few as 10 participating employees.
Reduced Fixed Costs – All health insurance plans have administrative costs associated with the payment of claims. A partially self-funded plan typically saves 20% on administrative costs over a traditional health insurance plan.
Improve Cash Flow – Unlike traditional plans where you pay a premium that funds claims if and when they occur, claims under a partially self-funded plan are paid only when they occur. Rather than paying a set amount to an insurance company every month, you keep and earn interest on your money and only pay for actual claims submitted.
Customize Plan Flexibility – With a partially self-funding health plan, you have limitless options for designing the best possible plan for your business. Co-pays, coinsurance, deductibles, covered benefits, and excluded benefits can all be tailored to meet the needs of your employees with limited risk.
Claim Utilization Report –
Claim utilization reports identify claim trends specific to your group and allow you to better manage and control the costs of your benefit plan to budget effectively. limited risk.
|SERVICES||RETIREMENT PLANS AND SERVICES|
|Annual reports to the employer||IRA’s|
|Signature-ready and electronic 5500 filing||SEP’s|
|Plan document preparation and maintenance||SIMPLE Plans|
|Loans, hardships, terminations, RMDs, QDROs||Defined Benefits Palns|
|Defined Contribution Palns, including 401 (k) s|
Our staff of dedicated professionals specializes in providing retirement plan products, support services and consulting to organizations across the nation. The plan sponsor and advisor can choose from a platform of plan investment and/or plan administration services and select the ones that best meet their needs.
Instead of re-creating the wheel, use our resources for:
By partnering with Local attorney’s and CPA’s we make sure to consider and collaborate to develop a comprehensive tax, legal and Investment strategy.
Implementing and Amending corporate 401(k)’s. Often combining plans with Private Pensions for additional tax deferral.
Private Pensions or Defined benefit plans allow business owners Personal tax deferral beyond what they could achieve by other methods- often $250k or more of annual tax deferral. Pensions are usually designed with the owner’s personal tax in mind while all allowing for some employee benefits.
Proper Insurance Planning can allow Executives and Owners Tax Deferred Compensation with Index Universal Life. Further planning like Premium Financing, Split Dollar Agreements can accelerate wealth accumulation.
With our relationships with LifeMark and Duncan Advisor Group, we have access to Best-in-Class insurance carriers. With a full research team and advanced case design clients can be assured they’re receiving the highest and best use of their Insurance premiums. For employees we offer all state group health insurance plan to be sure you have the lowest premium. This includes Level Funded options you likely haven’t seen!
J Donovan Financial partners with Redhawk Wealth Advisors as our Registered Investment Advisory. All business conducted with Redhawk Wealth Advisors is Fee based only Investment Advice with no Commissions taken. This allows the client to be certain the advisor is always acting in the client’s best interest. We offer several investment platforms for advisors to select appropriate investments that are in the best interest of their clients. Our diverse platforms will ensure that the investment account fits your needs and how much discretion you want over your account.
If you want to create an account under our institutional platform for investments that the investor wants to keep as a holding, the non-managed account option allows for this. In addition, you might have a collection of non-managed accounts you would like to keep in combination with one or more wrap account or fully managed account options.
Wrap accounts are managed by the Redhawk Investment Committee. The investment committee meets weekly to select, monitor, and replace the underlying investments in the portfolios. These accounts are actively managed and will go to a cash position based on market conditions. Redhawk has full discretion over the account and executes the trades on behalf of the client based on the direct of the Redhawk Investment Committee. Redhawk pays for the trading and transaction cost associated with this account. The portfolios include the following:
Managed accounts includes various sub-advisors selected and monitored by Redhawk’s investment committee. Redhawk has full oversight over the sub-advisor’s portfolios and Redhawk has full discretion over the account and executes the trades on behalf of the client based on signals provided by the sub-advisors. Your Redhawk advisor has access to some of the leading sub-advisors that cover fixed income, tactical management, strategic management, and alternative investments. The client pays for the trading and transaction cost associated with this account. The sub-advisors approved include the following:
Redhawk’s investment committee meets monthly in order to select, monitor, and replace the portfolios managed by the sub-advisors. The investment committee also evaluates and determines the appropriate risk of each investment based on a proprietary methodology and has placed each investment in a portfolio matrix. The investment committee also publishes a monthly advisor communication that provides a monitoring report and any restrictions imposed on a portfolio.
This account allows your advisor to have full-discretion and fiduciary oversight of your account. In order for a Redhawk advisor to take on full discretion over your account, they must meet higher standards in order to qualify. Under this arrangement, your advisor will be responsible for managing your account and executing trades on your behalf. Your advisor is also responsible for sending you quarterly account statements. You must execute a written power of attorney with your advisor. Virtually every investment vehicle is available under the OIP. The client pays for the trading and transactions costs associated with this account.
At Redhawk Wealth Advisors, Inc., (“Redhawk”) our focus is on creating, growing and managing wealth through a broad range of financial products and services that promotes the economic well-being of our select group of clients and advisors.
Originally founded in 2005, Redhawk Wealth Advisors is an SEC Registered Investment Advisor (“RIA”) firm based in Minneapolis, Minnesota. We are a full-service RIA serving independent advisors throughout the United States. We offer a full-suite of wealth management and retirement plan services through leading technology and service providers. These services are supported by our proprietary technology, comprehensive clearing and compliance services, practice management, training and research.