Carolyn Lloyd-Cohen LLC

Financial Planning

Protecting the long-term financial future of business owners like you is our first priority at Carolyn Lloyd-Cohen LLC. We can help you avoid the costly pitfalls that commonly occur when your time, attention and energy are almost entirely focused on running your business. These may include:

  • Not spending enough time planning for the day when you might want to be doing something else, or
  • Reinvesting most of your hard-earned profits back into the business, with little left over for different “buckets” of money that you just might need if the future doesn’t turn out exactly as planned.

We can help you tackle these types of issues, as we develop a comprehensive financial plan based on your unique circumstances, personal values, lifestyle choices, goals and aspirations. The planning process addresses not only your objectives but also the challenges that might get in the way of you achieving them. These may include a variety of “what-if” concerns such as unforeseen risk and exposure, legislative changes, potential lawsuits, economic changes, management inefficiencies or a major question like: “What will happen to my business if I am no longer here or want to retire?” Together, we will design a roadmap that will help you balance the demands of your business and the needs of your personal life, renew your confidence in the future, and restore your peace of mind. We can address all aspects of traditional as well as more sophisticated financial services such as:

  • Investment Consulting Services and Asset Management, including highly specialized financial and advisory services
  • Insurance Analysis and Wealth Preservation Techniques
  • Estate Planning and Asset Protection
  • Insurance Analysis and Wealth Preservation Techniques
  • Retirement Strategies for both wealth accumulation and distribution The first step is discovering your goals, values, ideas and hopes for the future.


Our services begin with an in-depth Discovery Process designed to identify and prioritize both short-term and long-term objectives, uncover obstacles that could block your progress, and pinpoint issues of greatest concern. Our professionals will meet with you and your life partner to determine if you are both on the same page. And if not, we will help you find middle ground. A series of fact-finding discussions and personal meetings will bring greater clarity to your current situation, your future aspirations and your readiness to achieve them. Through this shared exploration, we will develop a realistic framework for all subsequent planning, help you make wise choices, and ensure that all decisions and strategies are consistent with your goals and values.

Investment Consulting Services and Asset Management

Our clients’ portfolios are designed to address their specific income objectives, growth versus- liquidity requirements, risk tolerance and tax concerns, as well as personal values and attitudes toward wealth. Because we understand both bull and bear markets and the opportunities they offer, we can implement strategies to help you navigate volatile markets, while never losing sight of your overall financial objectives. Our capabilities are strengthened by an affiliation with NFP Advisor Services, LLC, a registered broker-dealer, whose professionals provide the first layer in our multi-layer due diligence process. NFP also offers immediate access to leading-edge investment analysis tools and technologies, a broad range of best-in-class products, and a wide choice of innovative investment strategies. NFP Advisor Services, LLC is a member of the Financial Industry Regulatory Authority (FINRA), registered with the Securities and Exchange Commission (SEC) and registered and qualified to do business in all fifty states.

Qualified Plan Design and Administration


Preferred Pensions LLC

, we provide qualified plan design, and investment and administration services for a variety of pension plans, including defined benefit, cash balance, profit sharing and 401(k). Whether it is a business with just one employee or a work force of hundreds, we work directly with company principals to match qualified plans with specific objectives, designing tax-advantaged financial strategies and minimizing fiduciary liability. Utilizing our creative plan design capabilities, we can often provide greater enhancements to key individuals. And our broad range of administrative services ensures legislative compliance, including document preparation and tax filings.

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Fiduciary Services for 401(k) Plans

Many fiduciaries are not even aware that they are a fiduciary for their qualified plan, and that can lead to some very unpleasant surprises. At Preferred Pensions LLC, our professionals provide documented compliance with ERISA 404(a) and 404(c), assisting plan sponsors in identifying and minimizing fiduciary liability. To establish firm guidelines for subsequent decision-making, we provide customized investment policy statements, clearly defining investment objectives, selection criteria and procedures, and underlying philosophy. And, through our robust 401(k) fund scoring system, we also help in selecting, monitoring and evaluating the plan’s investment options.

Our disciplined process of monitoring investment performance—relative to specified guidelines—is consistently applied. It includes regularly scheduled and documented investment policy committee meetings, and a reliable system for replacing lesser-quality funds. Funds are evaluated on ten criteria, including investment performance in a variety of market conditions, risk-adjusted returns, reasonable and competitive fees, and qualitative characteristics, such as acceptable manager tenure.

Privately Held and Family Business Consulting

For owners of privately held and family businesses looking to the future, questions can be daunting: How can we preserve our business for future generations? How do we prepare for executive retirements and transitions in leadership? Do we have enough personal assets if the business isn’t as successful as we had hoped? If we decide to sell, who would buy? And how would that affect the people who work here?

At Carolyn Lloyd-Cohen LLC, we can provide answers. Our professionals are highly skilled in small-business consulting and in every aspect of succession planning. We can help you prepare for a transition in senior management; guide you in developing an effective management team and the systems required for seamless continuity; or facilitate the sale or merger of your company, if that is the ultimate decision. Because of our proficiency in wealth management, we can also help you balance your personal assets, so that all of your financial resources are not tied to your business.

We begin by identifying and defining what is most important to the company’s key individuals and their families, and what is critical to the future of the business itself. On that foundation, the plan is developed. And because implementation is typically a multi-year process, you should begin planning right now—long before you are ready to launch a new lifestyle or a well-deserved retirement, and long before unforeseen circumstances, like a sudden illness, disability, or death, could precipitate a crisis.

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Estate Planning, Gift Tax and Charitable Giving

The first step in estate planning is a realistic determination of your financial needs now and during your entire lifetime. We help you clarify your financial goals and wealth philosophy, as you develop your own personal definition of financial independence. With that established, we can begin planning for a range of wealth-transfer solutions, matching your assets to strategies specifically designed to minimize estate taxes.*

For those who are charitably minded, defining financial independence can help pinpoint the appropriate time and the best strategy for asset donations so that benefits may be optimized. That is all part of estate planning at Carolyn Lloyd-Cohen LLC, but we don’t stop with plan development. By working closely with your estate attorney, we will not only help ensure timely follow-through and execution, but also help safeguard the financial independence you have so carefully defined.

Insurance Analysis and Wealth Preservation Techniques

Insurance coverage—such as life, disability, or long-term care—can protect your assets from untimely liquidation and help preserve your wealth. Insurance can provide liquidity for family income or the wherewithal to pay off estate taxes or bank loans. Adding trusts, where appropriate, can preserve assets for generations to come.

Life insurance should be considered one of your asset classes. It is not a commodity, but a sophisticated financial planning tool. Choices depend on a myriad of objectives and considerations depending upon the purpose of the insurance: Are you covering a loan, meeting a short or long-term need, replacing potential income loss, building cash for retirement, or setting up an inheritance for future generations? Product design is also critical, and the magnitude of options can be staggering: Do you need temporary or permanent coverage, do you want to pay more now and less later, do you want the underlying investments in the policy tied to the stock market, an index, or in a fixed investment?

Dealing with issues like these is a core competency of Carolyn Lloyd-Cohen LLC. We understand life insurance and the importance of its coordination within your estate plan. Because we are not affiliated with any one carrier, we have the independence to conduct impartial in-force policy review and benefit analysis to determine whether your current coverage is consistent with your risk tolerance and objectives, which may have changed over the years. And if not, we can help offer a solution.

As a member of PartnersFinancial, a national independent financial services organization owned by more than 200 member firms, we have preferred access to the industry’s leading carriers; we are positioned to achieve the most competitive underwriting results possible; and we can provide the resources for specialized products and sophisticated strategies.

*To ensure compliance with requirements imposed by the IRS under Circular 230, we inform you than any U.S. Federal tax advice contained in this communication, unless otherwise specifically stated, was not intended or written to be used, and cannot be used, for the purpose of (1) avoiding penalties under the Internal Revenue Code or (2) promoting, marketing, or recommending to another party any matters addressed herein.

NFP Advisor Services, LLC does not provide tax or legal advice. Any decisions whether to implement these ideas should be made by the client in consultation with professional financial, tax, and legal counsel.

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Securities offered through NFP Advisor Services, LLC (NFPAS), member FINRA/SIPC. NFPAS is not affiliated with Carolyn Lloyd-Cohen LLC or Preferred Pensions LLC.

This site is published for residents of the United States only. Registered Representatives and Investment Advisor Representatives of NFP Advisor Services, LLC (NFPAS) may only conduct business with residents of the states and jurisdictions in which they are properly registered. Therefore, a response to a request for information may be delayed. Not all of the products and services referenced on this site are available in every state and through every representative or advisor listed. For additional information, please contact the NFPAS Compliance department at 512-697-6000.