Our Principled Counsel Options

Posted in Fixed Income Trading

We offer several levels of service so that you can choose the best fit for your needs.



Platinum

Your success rewarded

  • Tax preparation*

  • The integration of tax planning, preparation and forecasting is integral to the service we provide to our Platinum clients.

    Step 1 Historical Data collection, analysis and import. We collect your previous tax returns and documentation. Analyze the unique characteristics of your situation-Income, expenses, deductions and additional schedules (itemizations, depreciation, AMT, business related).

    Step 2 Tax Minimization.With a deep understanding of your tax history we identify techniques to reduce your current tax liability.

    We implement these techniques on the investment accounts that we manage for you and across your financial household. We use our planning technology to model and visualize the impact of these minimization strategies in our planning reviews so that you can see the benefits of the technique before we implement it and as we progress through implementation. 

    Step 3 Annual Tax Preparation. Our tax professionals collect the data required to prepare and file your personal tax return. After filing we update your financial plan with new insights from the current year filing and implement additional tax minimization strategies that we identify. In the final step, we also update your planning projections to maintain an up to date view of your tax situation and the impact of this liability on your goals.

  • Tax Planning Meeting
  • Quarterly Planning Consultations
  • Fiduciary Asset Management with Total Portfolio Access
  • Asset Based Fees Only. For investors with more than $1,000,000
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Premium

Retirement Preparation

  • Tax Preparation*
  • Tax Planning Meeting
  • Quarterly Planning Consultations
  • Fiduciary Asset Management with Expanded Portfolio Access
  • $170/month reduced by LeConte asset management fees**

  • Premium Planning Fee Examples.

    Year One.

    • Initial Managed Assets $65,000
    • Anticipated annual contributions to your LeConte investment accounts $10,000
    • Initial subscription fee: $2,040
    • Fee Credit for Managed Assets: $975.00
    • Net fee: $2,040 minus $975 = $1,065 or $88.75/month

    Year Two.

    • Accumulated Managed Assets $65,000 + $10,000 = $75,000
    • Anticipated annual contributions to your Leconte investment accounts $4,000
    • Subscription fee: $2,040
    • Fee Credit for Managed Assets: $1,125.00
    • Net fee: $2,040 minus $1,125 = $915.00 or $76.25/month.

    Once Premium Planning Clients have accumulated more than $136,000 in managed assets at LeConte the subscription fee is completely offset. 
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Value

The First Step

  • Tax Preparation*
  • Tax Planning Meeting
  • Semi Annual Planning Consultations
  • Fiduciary Asset Management
  • $85/month reduced by LeConte asset management fees**

  • Value Planning Fee Examples.

    Year One.

    • Initial Managed Assets $15,000
    • Anticipated annual contributions to your LeConte investment accounts $4,000
    • Initial subscription fee: $1,020
    • Fee Credit for Managed Assets: $225.00
    • Net fee: $1,020 minus $225 = $795 or $66.75/month

    Year Two.

    • Accumulated Managed Assets $15,000 + $4,000 = $19,000
    • Anticipated annual contributions to your Leconte investment accounts $4,000
    • Subscription fee: $1,020
    • Fee Credit for Managed Assets: $285.00
    • Net fee: $2,040 minus $285 = $735.00 or $61.25/month.

    Once Value Planning Clients have accumulated more than $68,000  in managed assets at LeConte the subscription fee is completely offset. They can either remain at the value service level or upgrade to Premium.
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  • Budgeting tools to tame your spending
  • Retirement Projections
  • Household Organizer
  • Portfolio Risk Analyzer
  • Monthly email tips to encourage your success
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* Tax Preparation is included for the typical personal Federal and State tax return. Complex personal and business returns can be addressed separately.

Municipal Bond Investing

Posted in Fixed Income Trading

Municipal bonds offer conservative investors an attractive mix of characteristics. We have decades of experience in trading individual Tennessee municipal bonds for our discretionary and brokerage clients. We have the experience to effectively address the inherent risks of municipal bonds and to navigate the myriad of primary and secondary offerings in the market. We exercise due diligence in analyzing the unique terms of each prospective bond before we invest or recommend it:

  • Credit risk
  • Call Risk
  • Yield analysis
  • Duration
  • Reinvestment risk
  • Issue specific concerns- extraordinary calls, bond covenant terms, debt coverage ratios

Our decision making process isn't complete until we effectively negotiate a competitive price execute the trade at the best price that we can. This is a labor intensive process that LeConte adheres to even as our competitors through lack of expertise or attention to detail, fail to execute. When circumstances dictate a bond sale, we exercise the same diligence on that side of the transaction as well. Individual investors may find it difficult to sell individual State and local municipal bonds at good prices or in a timely fashion. During our tenure in the industry, we have developed an extensive network of contacts that help us find buyers and bid competitively.

Disclosure: Municipal bonds are federally tax-free but may be subject to state and local taxes, and interest income may be subject to federal alternative minimum tax (AMT). The purchase of bonds is subject to availability and market conditions. There is an inverse relationship between the price of bonds and the yield: when price goes up, yield goes down, and vice versa. Market risk is a consideration if sold or redeemed prior to maturity. Some bonds have call features that may affect income.

Fixed Income Trading

Posted in Fixed Income Trading

World class wealth management requires expertise in fixed income securities selection, trading and monitoring. As active investors in Agencies, Corporates and Tennessee municipal bonds since 1987, we offer over 20 years of fixed income experience to our clients.

The income portion of your portfolio plays a vital role in reducing overall portfolio risk. This steady cash flow provides your portfolio with liquidity that you can withdraw or reallocate elsewhere in your portfolio as opportunities arise.

Fixed income investing presents it's own unique risks and challenges to investors. Bonds can at times, be as volatile as stocks. Most bonds don't trade on a transparent exchange, so investors need experience and know-how to negotiate the best prices. State and local municipal bonds can be difficult to sell at a good price because of the dealer mark-ups and trading commissions.

An easy route for investors with less than $500,000 is through packaged products. The liquidity and diversification that these products provide come with a price. Packaged products lack a critical feature that individual securities have - a maturity date. 

For clients who allocate more than one million dollars to fixed income, we construct a portfolio around individual fixed income holdings. You own the securities and collect the income.

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  • 1 865 379-8200