Investment Planning

Wealth Management
Investment Management

Income Planning


Photo of William Marohn, Senior Vice President/Investments,  Elizabeth Naquin Borger, MBA, Senior Vice President/Investments, and Brian Z. Borger, CIMA®, Senior Vice President/Investments, Branch Manager


At Stifel, we strive to improve and preserve each client's financial health through integrating our investment planning and wealth management processes in the execution of investment services.



Listening to you is the foundation of our investment planning process. We begin by understanding your personal situation including your goals, risk tolerance, tax situation, cash flow needs, and other important factors. This is opposite of the one size fits all approach. 
We gather and analyze your financial information to develop a snapshot of where you currently stand and determine your strengths and weaknesses.
Based on the information provided and our ongoing dialogue with you, we leverage the combined knowledge and experience of The Elkhart Group and their resources to develop a fully comprehensive investment plan. With your permission, we also coordinate with your existing advisors, including accountants and attorneys, when necessary.
Selecting from a wide array of alternative investment platforms and complementary vehicles, your plan is put into action in the most transparent, cost efficient, and tax effective manner.
Your investment plan is monitored on an ongoing basis, and adjustments are made when needed.

Stifel does not provide tax or legal advice. You should consult your legal and tax professionals concerning your particular situation





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Strategic Planning
We leverage the resources and insights of The Elkhart Group along with the broader team of experts at Stifel to offer customized strategies for the challenges that you face. Risk management is the cornerstone of what we do. We work with you to develop strategies to maintain tax efficiency and reduce risk exposure by allocating your portfolio across a diversified set of asset classes.

Asset Allocation Guidance
According to the CFA Institute, studies have shown that over 90% of a portfolio's returns are attributed to asset allocation. Developing an asset allocation strategy within the context of your risk profile is the most effective way to seek positive and sustainable portfolio returns over the long term. In determining an appropriate asset allocation, we take into account qualitative factors such as your individual goals and risk tolerance, as well as quantitative factors including the historical and forecasted returns and correlations of major asset classes.
Portfolio Modeling
The Elkhart Group of Stifel offers a broad and flexible menu of products and platforms that we draw upon when constructing portfolios for our clients. These can include research-based structured equity and fixed income portfolios as well as diversified portfolios utilizing mutual fund models, exchange traded funds, customized blends of independent, institutional investment managers and non-correlated alternative investments. The ultimate goal is to build a portfolio which strives for consistent, maximum returns for a defined level of risk tolerance.

Diversification (or asset allocation) does not ensure a profit or protect against loss. Past performance is not indicative of future results.


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Equity Investments 
Stifel's Equity Research Department and our Keefe, Bruyette & Woods ("KBW") subsidiary combined to win 23 awards in the 2017 Thomson Reuters StarMine Analyst Awards, ranking the firm tied for first in number of awards won among 161 qualifying U.S. firms.  With more than 1,600 companies under coverage in the U.S., Stifel also ranks as the overall largest provider of equity research and as the largest provider of small- and mid-cap coverage.  For more information on the StarMine Analysts Awards, please visit www.stifel.com/research.
Fixed Income Investments
Stifel offers access to nearly all fixed income instruments available in the marketplace today, including corporate bonds, government and agency securities, and municipal bonds. Stifel's Fixed Income Group applies its vast experience in asset management to find optimal strategies for your portfolio. Its unique regulatory and capital markets expertise, combined with a philosophy of customized analytics, enables Stifel to provide you with research, insight, and strategy based on your individual situation.                                                                   
FDIC Insured Certificates of Deposit (CDs)
Stifel provides access to FDIC-insured certificates of deposit (CDs) issued by banks across the country. With the ability to choose from an extensive network of banks, you are able to maximize your CD yields while maintaining the same FDIC insurance that you enjoy with your local bank. Further, the FDIC imposes limits on the amount of money covered at a single institution; your ability to choose from multiple institutions is an effective way to diversify your FDIC exposure from a single Stifel account.





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Income Planning

Advantages of Annuities
  • The power of tax deferral can help you work toward producing larger retirement assets.
  • You gain control over when your earnings become taxable.
  • Generally, you have no upfront sales charges.
  • Annuities can provide a death benefit to guarantee your heirs your principal and can provide guaranteed future income for current owners. (Guarantees are based on the claims-paying ability of the issuing insurance company, and additional charges may apply for some contract features.)
  • Annuities can provide guaranteed lifetime monthly income for one or two lives.

Types of Annuities

  • Fixed Annuities - In a fixed annuity, funds are invested for a guaranteed interest rate for a fixed number of years. Interest may accumulate or be withdrawn as needed, paying taxes only on the amount withdrawn. Typical terms range from one to ten years.
  • Fixed Index Annuities - Interest credited to a fixed index annuity is linked to the performance of a stock market index. However, your participation in any gain experienced by the index will be limited to the percentage of the gain set by the insurance company. This limits your upside earning potential, while the insurance company helps to protect your principal in negative markets through a minimum guaranteed contract value.
  • Variable Annuities - With a variable annuity, funds are invested in a professionally managed portfolio of stocks, bonds, or both, depending on your selection. Earnings may be withdrawn as needed, paying taxes only on the amount withdrawn. Variable annuities also offer an optional guaranteed future income payment regardless of the contract's subaccount performance. Variable annuities also offer guaranteed death benefits that guarantee your beneficiary at least the amount paid, regardless of the portfolio's return.
  • Immediate Annuity - An immediate annuity generates guaranteed income as soon as it is purchased and for a set number of years or for one or two lives. Immediate annuities can be either fixed or variable.


A Guaranteed Withdrawal Benefit (GWB) provides income protection, not principal protection.  In other words, your investment may decrease in value due to poor market performance, but your income will not be reduced.  Guarantees are subject solely to the claims-paying ability of the issuing insurance company and do not apply to the safety or performance of amounts invested in the variable investment options.  There may be conditions, limitations, and restrictions associated with a particular GWB.


Annuities are suitable for long-term investment and entail fees, such as mortality and expense charges and optional benefit rider charges.  All withdrawals of taxable amounts, including earnings, are taxable as ordinary income. Withdrawals may be subject to surrender charges, and if made prior to age 59 ½, may be subject to a 10% federal tax penalty. Withdrawals reduce the cash surrender value.


Investors should obtain a prospectus for an annuity's contract and the underlying subaccounts and consider the investment objective, risks, charges, and expenses carefully before investing.  The prospectus, which contains this and other important information, is available from your Financial Advisor and should be read carefully before investing.  Variable annuities are not insured by the FDIC or any government agency and involve market risk, including the possible loss of principal.







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