June 27th, 2008 - This past week has been especially volatile. Most experts would agree that the levels the Markets sank to this week indicate that a bear market is creeping in. Bear markets are inevitable, but so are their recoveries. It is prudent to ensure that you have a plan of action regarding your investment portfolio. Further, it is important that you stick to it, with minor opportunity adjustments along the way. Give our office a call to learn about the opportunities that have presented themselves.

Edward R. Collins, AAMS, RFC
President
Family Wealth Management Specialist

Mr. Collins is a Family Wealth Management Specialist at Collins Wealth Management, LLC, a financial planning practice assciated with Summit Financial Resources, Inc. and Summit Equities, Inc.   Specializing in the complex areas of family wealth management and investment portfolio design, he dedicates himself to helping his clients to enhance their financial literacy and to achieve their financial goals and objectives.  As a comprehensive financial consultant, he works as the financial planning team leader for his clients, ensuring that each area of a client’s financial life is being reviewed.  He then weaves those separate planning areas together into one cohesive, living document that can adapt to the dynamic nature of life.

A true student of Wealth Management, Mr. Collins has achieved advanced accreditation in the area of professional money management and has earned his Accredited Asset Management Specialist (AAMS) designation as well as his Registered Financial Consultant (RFC) designation, which is certification for achievement in advanced financial planning concepts and strategies.  He is an active member of the Society of Financial Service Professionals (S.F.S.P.), the International Association of Registered Financial Consultants (I.A.R.F.C.), the Estate Planning Council (E.P.C.), and the National Association of Insurance and Financial Advisors (N.A.I.F.A.).  With these designations, certifications, affiliations, his Series 7 and Series 66 Investment Licenses, his Life and Health Insurance Licenses, and his unique approach to wealth management, Mr. Collins offers his clients Advice That Matters.  He has written numerous articles for newspapers, magazines and trade journals covering a variety of financial planning topics and is a sought after speaker for business groups and other organizations.

Serving clients from Massachusetts through Florida, Mr. Collins spends much of his time traveling up and down the East Coast.  An avid tennis player, he can often be found on a tennis court when not in a meeting with a client or at an industry conference.  Community Service plays an important role in Mr. Collins’ life.  He serves on the Business Advisory Council for Caldwell College.  He serves as a Trustee and Treasurer of the Brian C. Kull Memorial Foundation, Inc., a foundation that issues college scholarships to high school seniors and college students that demonstrate excellence in the areas of service, leadership and fellowship within their community.  He also actively participates in numerous Chambers of Commerce in New Jersey and Georgia.

Whenever he is asked to briefly describe what he does, he is most often quoted as saying:

“The Journey Of Financial Success Requires Proper Planning.  That Is What We Help Our Clients Do … Properly Plan For Their Financial Futures.  We Help Them To Understand Where They Are Today And To Verbalize Where They Want To Go.  We Then Assist Them In Taking The Appropriate Steps In That Journey Toward Financial Success.”

Through his strategic alliance with the Summit Team of Companies, Mr. Collins is able to bring an exceptional team of professionals to the table to assist in the development and servicing of truly cutting edge financial plans.  The following are a list of a few of these professionals:

Steve Weinman, CPA, MBA, APC

Specialization:
Investment Strategies
Estate and Income Tax Planning
Business Structuring

Rembert D. McNeer, JD, CPA

Specialization:
Investment Strategies
Estate and Income Tax Planning
Business Structuring

Joseph F. Rowek, JD, LL.M.

Specialization:
Estate and Income Tax Planning
Insurance Structuring
Business Succession Planning

Frederick R. Stubbs, CFP, CEBA, CSA, CLTC

Specialization:
Risk Management Planning
Fringe Benefit Planning
Elder Care Planning

(From Left To Right)

Joseph F. Rowek, JD, LL.M.
Mentioned Above
 

Michael S. Mirone, JD, LL.M.

Specialization:
Estate, Gift and Income Tax Planning
 

Rembert D. McNeer, JD, CPA
Mentioned Above
 

Brian D. Loreti, JD, LL.M.

Specialization:
Estate Tax and Insurance Planning
Individual Income Tax Planning
Business Tax Planning and Structuring

(From Left To Right)

Shant Tashjian
Financial Plan Design

Ted Cheesman
Financial Plan Design

Brian Peck
Financial Plan Design

Frank Bardales
Financial Plan Design

Kevin Burns
Investment Plan Design

Richard Carrier
Investment Plan Design

Paul T. Mascia, CLTC, CSA
Long Term Care Design

Mr. Collins made the decision to align his practice with the Summit Team of Companies in 1998, because he knew that together they would go well above and beyond comprehensive financial planning services.  Separate divisions showcase specific strategies for sports stars and other celebrities, risk management planning for families and individuals, equities management that leaves no stone unturned, and wealth counseling that helps his clients make a difference in the areas that matter to them.

Summit Financial Resources, Inc.
Personal & Business Financial Planning

Registered Investment Adviser with the Securities and Exchange Commission (SEC)

Through a comprehensive analysis of present position and an evaluation of goals and objectives, the team of professionals at Summit Financial Resources, Inc. assists in developing financial plans for clients utilizing cutting edge strategies.  A four-disciplined approach to financial planning (combining expertise in taxation, accounting, investments and insurance) assures every client receives a coordinated and comprehensive set of solutions to the financial problems faced by successful individuals today.  Understanding that planning in and of itself is not enough to achieve success, Summit Financial Resources, Inc. has established affiliated companies that will assist in the implementation and servicing of each client's financial plan.

Summit Equities, Inc.
Professional Money Management

Registered Investment Adviser with the Securities and Exchange Commission (SEC); Securities Broker/Dealer Member of the National Association of Securities Dealers, Inc. (NASD) and the Securities Investor Protection Corporation (SIPC)

In an effort to realize the benefits of the high quality financial plans, Summit Equities, Inc. has created a business environment in which the needs of the client can be met in an objective manner.  Summit Equities is not affiliated with any one particular investment company.  Due to its premier status in the industry and its satisfied client relationships, Summit Equities, Inc. has been able to develop strategic alliances within the financial service arena.  This makes it possible for clients to have access to some of the most successful money managers available from the universe of Retail Mutual Funds, Institutional Money Management Programs, and Private Money Managers, while often reducing minimum investment requirements.

Summit Marketing, Inc.
Preservation of Wealth Through Proactive Insurance Planning

Recognizing that the purpose of investments is to create wealth, Summit Marketing, Inc. seeks to complement investments by being committed to preserving that wealth.  This is accomplished by providing access to a great variety of highly competitive insurance companies.  With no one particular affiliation, Summit Marketing, Inc. is able to search the market to find the most appropriate products and fringe benefit programs for clients.  With preservation of wealth and protection as its objectives, Summit Marketing, Inc. provides a much needed service to our clients.