Planning Solutions Group

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Introduction: As a CERTIFIED FINANCIAL PLANNERtm (CFP®) professional I have a true passion for helping families plan for a successful future. What makes me standout from your traditional financial advisor is an unrelenting energy and passion for the financial planning industry and dedication to constantly provide the highest level of service to all of my clients’ needs. You will rarely see me without a smile and most importantly I will act as an uncompromising advocate for my clients. Since I was a young child, my parents taught me about the basics of personal financial planning. I started my career working with Ultra high-net worth ($10 million+) clients in a local family office. It didn’t take me long to realize that I genuinely enjoyed working with upper middle class families like the one I grew up in in Ellicott City, MD. Over the past 10 years I have built my practice around upper middle class families who after many years of managing their own family finances, have decided to hire a professional so they can spend their time and energy on family and work using their unique abilities. I advise my clients on the following topics: *Cash Flow and Net Worth Projections *Retirement Modelling *Investment Management *Life, Disability and Long Term Care Insurance *Annuity Strategies *Estate Planning (Trust and Will planning) *Tax Strategies *Financial Organization *College Education Savings Strategies *Inheritance Planning and How to Build Wealth for Future Generations On a personal note, I grew up in Ellicott City, MD and live in Sykesville, MD with my wife, Emily. I am active in the Baltimore Jewish community and am currently serving on the Young Leadership Council of the Associated. I love staying physically active by running, rock climbing and going to the gym and while sitting around the house you can find me watching my favorite sports teams, the Mets, Orioles, Jets and University of Maryland Terps. Finally, our firm, Planning Solutions Group is a holistic, fee based, independent financial planning firm based in Fulton, MD. We coordinate with our clients’ existing advisors and review their financial outlook to design a comprehensive plan to fit their needs. Our approach is unique because we make recommendations based on all aspects of our clients’ lives. Over the years, we have been proud to serve as a trusted advisor in the areas of wealth management, estate planning, business succession, retirement, and risk management. Our talented team of experienced professionals considers legal, accounting, and financial perspectives to offer a cross-disciplinary approach to planning. Given the complex needs of our individual, executive, retiree, and business owner clients, we provide the input and advice that you need to make timely and informed decisions. We are committed to providing our clients with the highest level of service and “Exceeding Expectations” to ensure a positive and life-changing planning experience. Securities offered through Triad Advisors, Member FINRA / SIPC. Advisory Services offered through Planning Solutions Group, LLC. Planning Solutions Group, LLC is not affiliated with Triad Advisors. PSG Clarity is a division of Planning Solutions Group, LLC I love it when I have helped my clients feel so confident about their situation that they hug me each time we get together. Knowing that you've truly made a difference in someone's life is unparalleled. The best part of meeting new clients is not only asking them questions to learn about their family and future goals but also learning about their past and how it influences who they are today. Helping clients navigate the complex maze of tax laws or how to prioritize multiple goals is extremely rewarding. The best part about working with my clients is watching their family grow over the years. It is rewarding helping family pass wealth to the next generation and watching their children and grandchildren grow. My typical client is in the mid 40’s to late 60’s. They are professionals who are competent about managing their finances but due to time constraints, have decided to delegate. Often times they want to start by taking a holistic look at their situation to see where they stand and to map out their future. Clients are looking for an advocate and a partner to help them feel confident.

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30 employees

23 years in business

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Steven Stern

FAQs

What should the customer know about your pricing (e.g., discounts, fees)?
Our first meeting is always free. We typically charge a flat fee based on the complexity of the client’s situation for the financial planning work. Typically clients ask us to implement investment management or insurance solutions at which time we disclose our advisory fee schedule. We are a fee based firm and always disclose our compensation to our clients prior to entering any agreement.
What is your typical process for working with a new customer?
I always start with a complimentary meeting either in person at our office or my client’s home or a phone call. The purpose of this first meeting is to understand what my client is looking to accomplish and to see if we would be a good fit. It also allows me to share with the prospective client what I do and how our firm works with clients. Once we have had our introductory meeting, we do a free review of our client’s situation at which time we schedule a second meeting where we review areas we think they can improve. At this meeting we propose the next steps and agree to work together.
What education and/or training do you have that relates to your work?
I attended the University of Maryland, College Park and graduated in 2005 with a B.S in Finance. I have worked at various financial firms ranging from a stock broker, family office with client minimums of $10 million and two independent financial planning practices. Each place has helped shape me as a planner and understand the types of clients I enjoy working with. *CERTIFIED FINANCIAL PLANNER *Licensed insurance agent in multiple states *Series 7 and 63 licensed to sell stocks, bonds, mutual funds and provide investment advice.