David A. Perkins, J.D., CPA, CFP®

David A. Perkins, J.D., CPA, CFP®

Over time, our financial lives seem to become more complicated. The number of bank accounts and investment funds multiply. The different parts of our financial life grow more interrelated, and the questions get more complicated. For most people, it becomes harder to continue making good financial decisions. Do you sometimes wonder if you are on the right track, or if you are missing opportunities? Or would you like your spouse and family to have a well-coordinated financial situation with an objective, qualified advisor in place should something happen to you?

Dave Perkins has a professional practice dedicated to helping families deal with these problems by organizing, coordinating and simplifying the management of their overall financial affairs. He has found that the best way to provide accurate, effective advice is to understand a family’s overall financial and investment situation, and then to work with them on a regular basis over many years.  Taxes are also a key consideration in nearly every financial decision. Since Dave is a licensed CPA*, he is able to integrate tax advice and tax forecasting into a broad range of investment consulting and financial planning services. Dave’s  unique combination of professional expertise and business experience enables this approach to work effectively.

Dave is a Consultant & Financial Planner with Carolinas Investment Consulting, LLC.  He has 30 years of practical, detailed financial experience in the objective advice business, having worked variously as an attorney, CPA, Certified Financial Planner, and Fee-Based Investment Consultant.

* David A. Perkins, CPA is a licensed North Carolina CPA firm. Although Dave provides his financial planning and investment consulting services through Carolinas Investment Consulting, it is a separate business from his CPA practice and bears no legal responsibility for tax advice provided by Dave in his capacity as a CPA.

Focused on Overseeing Your Family’s Financial Affairs

Cash Flow Modeling

  • Forecast cash flow based on different scenarios of income and expenses
  • Capital sufficiency testing for future goals
  • Monte Carlo simulation analysis to test success rate of different strategies
  • What’s my magic number to retire successfully?

Investment Management

  • Diversified portfolios based on modern portfolio theory
  • An institutional investment consulting process that can be applied to the needs of individuals, retirement plans, foundations, and other organizations
  • Carolinas Investment Consulting, LLC is the 4th –largest Charlotte area financial planning firm, with total assets under management of approximately one billion USD.

Income Tax Forecasting

  • Tax issues related to financial planning & investment consulting
  • Multi-year income tax forecasts to manage cash flow & identify strategies
  • Estate document flowcharting to understand how your plan works
  • Tax returns & CPA advice through David A. Perkins, CPA, licensed NC CPA firm

Risk Management & Asset Protection

  • Ownership arrangements and titling of assets for liability protection
  • Umbrella liability insurance coverage
  • Trusts to protect children or grandchildren from creditors in business & divorce
  • LLC’s designed to help shield your investment accounts from potential lawsuits

Estate Planning

  • Review of current Wills, Trusts and Powers of Attorney (documents must be drafted by client’s own personal attorney)
  • Flowcharts showing how your net worth will pass to spouse and heirs based on the design of your estate plan
  • Strategies to minimize estate taxes
  • Third Party Trust custodians to provide multi-generational fiduciary oversight

Insurance Review

  • Objective review of type and amount of life insurance coverage
  • Long Term Care Insurance
  • Survivorship Life insurance with Trusts for estate planning

Retirement Plan Services

  • Objective, disciplined investment process to meet fiduciary standards
  • Investment consulting for management of plan assets
  • Specialty custodians for real estate and private placement investments
  • Employee education and communication

Business Succession Planning & Exit Strategy

  • Strategies for sale or transfer of company ownership & management
  • Referrals to and coordination with investment bankers and M&A specialists
  • Consulting on buy-sell agreements

Relationship Structure & Pricing

There are three separate fee arrangements that can be customized to fit your particular needs and financial situation:

Assets Under Management

  • Minimum account for investment management: $1 million

Annual Contract Fee for Services

  • In some situations, assets under management is not the right fee structure
  • In those situations, we customize an annual fee based on the amount of time and complexity
  • Fees are invoiced to you for payment each calendar quarter in advance
  • It may be agreed that certain special services will be billed on an hourly basis
  • Typically, we will meet with you quarterly to discuss your customized agenda of ongoing issues
  • Typical annual retainer fees begin at $10,000/year and are scaled to the time and complexity of your situation

Tax Preparation & Advice

  • Tax return & CPA services provided by David A. Perkins, CPA, a licensed NC CPA firm
  • Although Dave provides his financial planning and investment consulting services through CIC, his tax return preparation and CPA firm is a separate business and CIC bears no legal responsibility for tax advice provided by Dave in his capacity as a CPA
  • Returns include personal 1040, state returns and related trusts, LLC’s, gift tax returns, and non-operating-business partnerships. No business returns.

Qualifications

Dave holds the following professional designations and certifications:

  • J.D.: Albany Law School, followed by several years of general legal practice in Connecticut
  • CPA: Certified Public Accountant, including 12 years in public accounting with PriceWaterhouseCoopers and KPMG Peat Marwick
  • Personal Financial Specialist from the AICPA, which is awarded to a CPA with the combination of extensive tax expertise and comprehensive knowledge of financial planning.
  • CFP: CERTIFIED FINANCIAL PLANNER ™ Designation since 1989
  • Former Director of Estate & Financial Planning for IJL/Wachovia Securities, now Wells Fargo Advisors.
  • Over the course of his career, Mr. Perkins has provided services to executives and directors from the following companies:
    • EnPro Industries
    • Goodrich Corp.
    • Lockheed Martin
    • General Electric
    • Belk Store Services
    • Enterprise Rent-A-Car
    • Wachovia Bank & subsidiaries
    • Piedmont Natural Gas
    • Carolinas HealthCare System
    • United Dominion (Now SPX)
    • Centex Homes
    • Lance, Inc.
    • Bank of America
    • Novant/Presbyterian Healthcare

Dave is a member of the NC Bar Association, Charlotte chapter of the Financial Planning Association, and Charlotte Estate Planning Council.

Dave serves on the Board of Directors of the United Way Legacy Foundation of the Central Carolinas United Way and on the Leave a Legacy Steering Committee affiliated with the Foundation for the Carolinas. He also serves on the Board of Advisors for Florence Crittenton Services in Charlotte.

Team Perkins

Dave and his clients are supported by Walker Shelton and Justin Louis.

  • Market Perspectives April 2023

    Capital Markets

    By: Wade Austin

    Although fans of Tobacco Road teams were disappointed with this year’s results, the men’s and women’s NCAA basketball tournament once again delivered March Madness, spiced with tense moments and numerous upsets.

    READ MORE
  • Market Perspectives February 2023

    Capital Markets

    By: Wade Austin

    Investor optimism returned to global equity and bond markets in January after both asset classes suffered their worst returns in over a decade last year.

    READ MORE
    • Account Access