MY MISSION STATEMENT
Excellence in helping clients like you with your personalized investment and financial strategies
Excellence in helping clients like you with your personalized investment and financial strategies
Divorce is one the biggest financial transactions you will ever make. You will be required to make a series of major decisions that can have far-reaching consequences. It’s also an emotional experience where even the most financially savvy individuals need critical advice and guidance.
Bonnie helps provide clarity on the complex financial issues that arise before, during and after your divorce. She provides guidance on financial matters that attorneys are not trained to handle, helps you understand the financial impact (including post-divorce tax implications) of your decision, and develops a strategic financial plan for your settlement and your future.
Securities Agent: AZ, CA, MN, MO, NV, NY; General Securities Representative; Investment Advisor Representative; Managed Futures
Bonnie Hong has over 15 years of experience as a CERTIFIED FINANCIAL PLANNER™ and Portfolio Manager in the financial industry. Bonnie focuses on comprehensive financial planning for the most expensive chapter of your life, retirement. Retirement can be brought on by the sale or purchase of a new business, exercise of stock options, or major life transitions such as marriage, divorce, widowhood, and death of a loved one or inheritance. As a prudent fiduciary, Bonnie believes having a sound financial plan is critical to your success. Bonnie will discuss ways to hedge against inflation, provide for future health care expenses, cover recurring expenses, all while maximizing return and managing risk. Two of the most common questions asked are, “How much do I need to quit my job?” And “Can I retire earlier?”
In addition to retirement planning, Bonnie focuses on divorce-related financial matters as a Certified Divorce Financial Analyst™. Bonnie was one of the first Financial Advisors at Morgan Stanley* to obtain the Certified Divorce Financial Analyst™ designation. By combining her experiences in financial planning, investment management with divorce analysis, Bonnie demonstrates her commitment to providing the highest level of professionalism and personal attention in divorce matters. She works with divorcing individuals—and their attorneys—by serving as a settlement agent. She helps to determine the financial impact of proposed settlement offers by answering one of the client’s most pressing questions,“Will I be financially ok?”
Bonnie uses a comprehensive process to create an easy to understand, customized plan. She incorporates budgeting, investment and retirement planning, risk management, along with estate planning, family philanthropy and wealth transfer strategies. Bonnie will help you simplify your life, make informed decisions, and move forward with confidence.
DESIGNATIONS & LICENSES
CERTIFIED FINANCIAL PLANNER™
Certified Divorce Financial Analyst™ (CDFA™)
Chartered Advisor in Philanthropy® (CAP®)
Chartered Financial Consultant® (ChFC®)
Life, Health & Variable Annuity Insurance Licensed #0D93620
Series 7, 66, 31 Securities License
Institute of Divorce Financial Analysts, Member
Association of Divorce Financial Planners, Member
Los Angeles Collaborative Family Law Association, Member
Beverly Hills Bar Association Family Law Section, Member
Pasadena Bar Association Family Law Section, Member
Partnership for Philanthropic Planning of Greater Los Angeles, Past President
MEDIATION & COLLABORATIVE TRAINING
Mosten 40 hour Divorce Mediation Training
Collaborative Divorce Team Training
EDUCATION & EXPERIENCE
Morgan Stanley (2003-current)
Wells Fargo Bank, Premier Banking Manager
UCLA, Bachelor of Arts in English
The use of the CDFA™ designation does not permit the rendering of legal advice by Morgan Stanley or its Financial Advisors which may only be done by a licensed attorney. The CDFA™ designation is not intended to imply that either Morgan Stanley or its Financial Advisors are acting as experts in this field. This information, products and services described here are intended only for individuals residing in states where this Financial Advisor is properly registered as described in this site.
PRIVATE WEALTH MANAGEMENT SERVICES
Depending on one’s priorities, goals and needs, we can offer personalized advice (which is often coordinated with our client’s other advisors—tax, legal, insurance, etc.), assisting in areas such as:
• Budgeting & Cash-flow Management
• Risk Management
• Lending Needs
• Funding of financial goals for children, grandchildren or dependents
• Retirement Planning
• Investment Planning
• Estate Planning & Wealth-Transfer Strategies
• Charitable Giving
FINANCIAL ADVISORY SERVICES FOR BUSINESSES
Although all businesses differ (legal structure, ownership, management philosophy, etc.), some of the common financial advisory needs that we can help with include:
• 401(k) Plans
• 403(b) / 457(b) Plans
• Nonqualified Deferred Compensation Plans
• Health and/or Other Welfare Trusts
• Profit Sharing and Money Purchase Plans
• Defined Benefit Plans (105b-1 Plans)
• Taft-Hartley Plans
• SEP, SIMPLE and SAR-SEP Plans
• Stock Plan Services
• Restricted Securities / Cashless Stock Options
• Preset Diversification Programs
• Directed Share Programs - Corporate and Business Solutions
• Lending Services
INVESTMENTS, BANKING AND LENDING SERVICES
We offer an array of solutions for both your near-term priorities and long-term objectives.
• Fixed Income
• Mutual Funds, Closed-End Funds, Unit Investment Trusts
• 529 Plans
• Credit and Lending Services
• Structured Investments - Investments, Lending
• Managed Futures (for qualified investors)
• Hedge Funds (for qualified investors)
• Real Estate / Real Assets (for qualified investors)
• Private Equity (for qualified investors)
Gathering Your Information
Developing accurate and complete about your financial information is absolutely critical to negotiating an equitable settlement. Bonnie will work with you to identify and collect the financial data key to the dissolution of your marriage. A complete assessment and in-depth analysis of your marital assets and liabilities will be conducted.
Budgeting & Cash Flow Analysis
A comprehensive analysis of your post-divorce lifestyle, including cash flow and net worth projections that incorporate all potential incomes streams. Start your post-divorce financial life with a solid foundation.
Analysis of Settlement Options
An equal division of assets is not necessary equitable. Because all assets are not equal, it is essential to understand the financial issues and tax considerations of proposed settlements. Make informed decisions by understanding the pros and cons of all your options.
Risk Management and Asset Protection
A comprehensive review of your existing insurance coverage should be completed to meet your new objectives. Obtain security against the potential loss of your spousal and child support due to unforeseen death or disability of your ex-spouse.
Stock Option Analysis
Equity-based compensation can represent a significant portion of a family’s marital assets if your or your spouse is a highly compensated executive. Advanced planning strategies should be examined with regards to stock options, restricted stock, and stock appreciation rights. The compensation packages can be complex and mistakes can be extremely costly. Understand the nuances involved in the valuation, transfer or liquidation of stock options before finalizing your proposed settlement.
Estate Planning and Wealth Transfer
It is critical to update your estate plan, including wills, trust, beneficiary forms and custody agreements. Estate taxes can also quickly erode the wealth you have worked so hard to create. Develop strategies with your tax and legal advisors to properly structure and effectively transfer wealth to your heirs or charities.
Post-Divorce Wealth Management
As you move on to the next phase of your life, you’ll want to create a new financial plan based on the final mix of assets you retain. Bonnie will help you identify new financial goals, establish guidelines for managing your assets, and monitor and adjust the plan for any major life or market changes.
Managing Client Expectations
Often times, clients are unaware of their financial reality and the impact this has on their financial future. An impasse can quickly result with a client fixating on a particular assets and outcome or working with a high conflict spouse. As a CDFA™, Bonnie assists the mediator and attorney to manage client expectations and facilitate effective decision-making by educating them on the financial reality of their situation.
Data Gathering & Form Preparation
As a CDFA™, Bonnie works with your client to identify and collect all pertinent financial data. She assesses and analyzes all marital assets and liabilities, including personal finances, retirement plans and pension benefits, investments, building holdings, stock options and more. She helps prepare the Schedule of Assets and Debts, and Income and Expense Declarations, to accurately determine the client’s marital standard of living.
Litigation Support & Settlement Negotiations
As part of your divorce team, Bonnie provides guidance, education, support and analysis on complex financial issues. She collaborates with you and your client to create options to complicated settlement options. By educating your clients on the financial implications and tax considerations, she gives them confidence to make informed decisions so they may move forward with more confidence.
Stock Options Analysis
Equity-based compensation can represent a significant portion of a client’s marital assets, especially if one spouse is a highly compensated executive. Advanced planning strategies should be examined with regards to stock options, restricted stock, and stock appreciation rights. The compensation packages can be complex and mistakes can be extremely costly. Understand the nuances involved in the valuation, transfer or liquidation of stock options before finalizing your proposed settlement. Equity-based compensation can represent a significant portion of a family’s marital assets if your or your spouse is a highly compensated executive. Advanced planning strategies should be examined with regards to stock options, restricted stock, and stock appreciation rights. The compensation packages can be complex and mistakes can be extremely costly. Understand the nuances involved in the valuation, transfer or liquidation of stock options before finalizing your proposed settlement
Post-Divorce Financial Planning
As your clients moves on to the next phase of their life, they will want to create a new financial plan based on the final mix of assets they have retained. Bonnie will help identify new financial goal & risk tolerance, establish guidelines for managing the assets, and monitor and adjust the plan for any major life or market changes.
Structured Settlements may offer tax benefits for individuals involved in a wide variety of litigation and other transactions. If you’ve been involved in a divorce, personal injury or wrongful death case, a structured settlement can go a long way toward helping you reach your goals, provided that you plan for them in advice.
Working closely with you to guide your wealth and investments through the most challenging market cycles.
Partnering with you on key aspects of your business such as ownership, liquidity and developing opportunities.
Creating customized financial strategies for the challenges that today's families face.
Working with you to understand your life goals and develop a truly personalized wealth strategy. Today and for the years to come.
Making sure your philanthropic dollars are managed with the same best-in-class service as the rest of your wealth.
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This information, products and services described here are intended only for individuals residing in states where this Financial Advisor is properly registered as described in this site.
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*References to length of service at Morgan Stanley include years at Morgan Stanley and predecessor firms.
Morgan Stanley Smith Barney LLC and its affiliates do not provide tax or legal advice. Any such taxpayer should seek advice based on the taxpayer's particular circumstances from an independent tax advisor.
The securities/instruments, investments and investment strategies discussed in this material may not be suitable for all investors. The appropriateness of a particular investment or investment strategy will depend on an investor's individual circumstances and objectives. The views and opinions expressed on this website do not necessarily reflect those of Morgan Stanley.
Certified Financial Planner™ Board of Standards Inc. owns the certification marks CFP®, CERTIFIED FINANCIAL PLANNER™ and CFP® (with flame logo)® in the U.S., which it awards to individuals who successfully complete CFP® Board's initial and ongoing certification requirements.
Investment Management Consultants Association, Inc. owns the marks CIMA®, Certified Investment Management AnalystSM (with graph element)®, and Certified Investment Management AnalystSM .
*Private Bankers are employees of Morgan Stanley Private Bank, National Association, Member FDIC
* Morgan Stanley Smith Barney LLC does not accept appointments nor will it act as a trustee but it will provide access to trust services through an appropriate third-party corporate trustee.
Morgan Stanley Smith Barney LLC is a registered Broker/Dealer, Member SIPC, and not a bank. Where appropriate, Morgan Stanley Smith Barney LLC has entered into arrangements with banks and other third parties to assist in offering certain banking related products and services.
Investment, insurance and annuity products offered through Morgan Stanley Smith Barney LLC are: NOT FDIC INSURED | MAY LOSE VALUE | NOT BANK GUARANTEED | NOT A BANK DEPOSIT | NOT INSURED BY ANY FEDERAL GOVERNMENT AGENCY
Morgan Stanley Smith Barney LLC offers insurance products in conjunction with its licensed insurance agency affiliates.
Life insurance, disability income insurance, and long-term care insurance are offered through Morgan Stanley Smith Barney LLC's licensed insurance agency affiliates.
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