Wealth Management Services:

As registered representatives and investment advisors through Royal Alliance Associates Inc., our advisors at Savage and Associates have several different wealth management options that are available to you and can assist you with any of the following:

Educational Savings

Coverdell Savings Accounts (“Coverdell ESA”, formerly called education IRAs) can be used for the costs associated with elementary and secondary schools (public private or religious) as well as college.  Funds grow tax deferred and can be distributed federally income tax free if used for qualifying education costs. The investment professionals at Savage and Associates can explain the benefits of the Coverdell ESA. We can also discuss the pros and cons of the different types of education savings accounts that are available.

Mutual Funds

Savage and Associates provides access to a wide variety of investments from various top-rated sponsor companies.  Our registered representative can provide you with more information.

All investing involves risk including the potential loss of principal.  No investment strategy can guarantee a profit or protect against loss in periods of declining values.  Past performance is no guarantee of future results.  Please note that individual situations can vary.


An individual retirement account (IRA) is a way to save money for retirement that provides tax advantages. There are many different types of IRAs and it is sometimes difficult to determine which type of account would work best for you and your individual circumstances. The benefits professionals at Savage & Associates can explain the benefits of the different types of IRA accounts and help you to determine which one is best for you. Traditional and Roth IRAs are set up by individuals who can contribute up to a set maximum dollar amount each year. Funds contributed to the traditional IRA may be tax deductible. However, funds removed from the IRA at a later date will be taxed as income.


An annuity is a retirement savings account into which the investor deposits funds either as a lump sum or as payments over time. The money in the account compounds over the years tax-deferred until the funds are withdrawn. Upon annuitization when the individual is typically ready to retire, the funds are paid out in either fixed or variable payments. There is typically no limit to how much money can be invested in an annuity. For investors who need immediate access to their money, immediate annuities are a good choice. However, most investors opt for the deferred annuities which usually pay out after one is retired.

REIT (Real Estate Investment Trusts)

Real estate investment trusts (REITs) are organizations that invest in different types of real estate or real estate-related assets and distribute at least 90 percent of their income to shareholders. REITs can invest in a wide variety of real estate-related properties including shopping centers, hotels, office buildings and mortgages. The REIT designation reduced or eliminates corporate income taxes an investor may have to pay when investing in real estate. Many REITs are publicly traded on national exchanges and file reports with the Securities and Exchange Commission. There are three different types of REITs: equity, mortgage and hybrid. Equity REITs are the most common type and invest or own real estate and make money for investors through rent that is collected. Mortgage REITs lend capital to developers or invest in financial products secured by real estate. Hybrid REITs combine the aspects of equity and mortgage REITs.

Investing in Real Estate Investment Trusts involves risks, which may be different from those associated with investing in stocks. The value of real estate securities is affected by the underlying real estate market, economic conditions and changes in interest rates.

All Investing involves risk including the potential loss of principal. Investing in real estate entails certain risks, including changes in: the economy, supply and demand, laws, tenant turnover, interest rates (including periods of high interest rates), availability of mortgage funds, operating expenses and cost of insurance. Some real estate investments offer limited liquidity options. When investing in real estate, you should be aware of all the risks involved.

Pursuant to IRS Circular 230: We are providing you with the following notification: The information contained in this document is not intended to (and cannot) be used by anyone to avoid IRS penalties. This document supports the promotion and marketing of retirement products.

Retirement Planning

For individuals and families, we tailor comprehensive asset management and wealth creation plans that reduce current income taxes and maximize the accumulation of additional assets.

401K and 403b Plans

A 401k plan allows employees to make contributions to a retirement account on either a post-tax or pre-tax basis. These funds are ordinarily automatically withdrawn from your check regularly and placed in the account with earnings accruing on a tax-deferred basis.

A 403b plan, also known as a tax-sheltered annuity (TSA), is a tax-deferred retirement savings plan for certain employees of public schools, tax-exempt organizations, and non-profit organizations. The features of a 403b are very similar to a 401k as employees make contributions to the plans before income tax is paid, allowing the funds to grow tax-deferred until the money is withdrawn from the plan.

Profit Sharing Plans

A profit-sharing plan, also known as a deferred profit-sharing plan (DPSP), is a retirement plan that gives employees a share in the profits of the company as an incentive. Profit-sharing plans give employees a sense of ownership in the company and often encourage them to work harder or more diligently as they have a financial stake in the success of the company. The company decides how much it will pay into the plan and employees receive a percentage of profits that is based on the salary level of the participant.

STRS / PERS Advising

The Public Employees Retirement System (PERS) and the State Teachers Retirement System (STRS) are programs set up to invest funds and provide retirement income for teachers in a public school setting and state and local workers. Both plans offer employees several different options in terms of investing their money depending on several factors including how long you have until retirement and the type of risk-taker you are. Both the PERS and the STRS offer a defined benefit plan, a health care plan and a defined contribution plan. Both plans are also highly diversified, managed by investment professionals and overseen by a Board of Directors.

Brokerage Accounts

An arrangement between an investor and a licensed brokerage firm that allows the investor to deposit funds with the firm and place investment orders through the brokerage, which then carries out the transactions on the investor’s behalf.

Custodial Accounts

An account created at a bank, brokerage firm or mutual fund company that is managed by an adult for a minor that is under the age of 18 to 21 (depending on state legislation).

Trust Accounts

An account that is managed by one party for the benefit of another. It is sometimes called an account held in trust, and the trust relationship can be either explicit or implied. Accounts-in-trust are typically set up for minors, and transfer of ownership will occur when the minor reaches legal age.

IRA Accounts

An investing tool used by individuals to earn and earmark funds for retirement savings. There are several types of IRAs: Traditional IRAs, Roth IRAs, SIMPLE IRAs and SEP IRAs.

Traditional and Roth IRAs are established by individual taxpayers, who are allowed to contribute 100% of compensation (self-employment income for sole proprietors and partners) up to a set maximum dollar amount. Contributions to the Traditional IRA may be tax deductible depending on the taxpayer’s income, tax filing status and coverage by an employer-sponsored retirement plan. Roth IRA contributions are not tax-deductible.

SEPs and SIMPLEs are retirement plans established by employers. Individual participant contributions are made to SEP IRAs and SIMPLE IRAs.

Also referred to as “individual retirement arrangements.”


Also called a “notary public,” this state-appointed official witnesses important document signings and verifies the identities of the signers to help deter fraud and identity theft. A notarized document will contain the seal and signature of the notary who witnessed the signing and will have more legal weight than a document that is not notarized. Document signings where consumers are likely to need the services of a notary include real estate deeds, affidavits, wills, trusts and powers of attorney.

What can I expect when I meet a Savage and Associates financial advisor?

  • Our Financial Advisor’s will get to know and understand your background, values and objectives to effectively manage your accounts and target your wealth management goals.
  • We keep you updated with monthly and/or quarterly statements from Royal Alliance, our brokerage firm, and depending on the account type chosen you may also receive quarterly performance reports from Pershing, the custodian of your brokerage accounts.
  • We will keep you informed about changes with taxes and economic news. You are always welcome to contact your Financial Advisor with any questions or concerns that you may have.

Our goal is to help you achieve your financial goals with knowledge, access and service beyond your expectations.