Founded: January 1st, 2019
Designations:
License(s) and/or Registration(s):
“Are you currently involved in a lawsuit with a client? If so, please describe the lawsuit in detail.”- N/A
“Have you been in a previous lawsuit with a client? If so please describe the lawsuit in detail.” – N/A
“Are you currently involved in a regulatory action with your regulatory agency? If so, please describe the lawsuit in detail.” – N/A
“Have you been in a previous regulatory action with your regulatory agency? If so please describe the lawsuit in detail.” – Previously accused of securities violations by a fired former employee. Discharged by FINRA with a no action letter. Seperately accused by a former OBA business partner of selling away. Charges were investigated by the Securities Division of Virginia and FINRA. Charges were discharged by both entities with no action letters. Former business partner settled with myself and another partner after he diverted corporate revenue into his own account, stole $107,000, and left Virginia to avoid prosecution. Former partner was banned from the industry for other offenses.
Describe your firm in your own words and the types of clients that you typically work with:
Our clients include mid to wealthy clients who seek to minimize taxes, optimize their assets to produce maximum after tax cash flow in retirement and prior, all while supporting the charity(s) they love. (Average improvement runs from 25-45% in net cash flow)
How are you compensated for your work? List your compensation methods out in detail:
Primary compensation is an Intellectual Property Fee (2.5% to $2M; 2% $2-$4M; 1.5% $4-6M; 1% $6M+) to license our patented method and app. An annual maintenance fee of $1,500 beginning in year 2 is also charged. (Note: the fees listed here are subject to change in the future)
What is the one standout detail about your firm that clients find with your firm that they have not found elsewhere?:
Our novel, state of the art method is the only one of its kind. It substantially improves retirement income while supporting charity far better than CRATs, CRUTs, or Gift Annuities. The Charitable Payraise(r) is supported by a Patent, ‘Should’ Tax Opinion, multiple Trademarks & Copywrites, was reviewed and influenced by 8 different types of attorneys (Intellectual Property, Trusts & Estates, Internet Commerce, Securities, FINRA/SEC, Non Profit, ERISA, and Tax) before being brought to market. Experts from Law, Business, and Non Profits agree that this method makes meaningful philanthropy and a better retirement simultaneously possible for many successful, hard working folks that heretofore could not benefit from other charitable techniques.
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William R. (Bill) Lloyd, CFP®, ChFC, AIF®, CPFA
As a 34-year veteran of the financial services industry, Bill’s career has evolved over the years from starting in the insurance and investment side of things to evolving into financial planning. Within the latter, he has always had a bent on identifying different tax strategies to take some of the sting out of the tax bill for his clients. About five years ago, there was a small change in the tax code that opened the door to a new opportunity. It occurred to him, that if he harnessed that change in the tax code and combined it with a concept from the estate planning area, he could generate real good, for retirees as well as charities. Thus, he founded The Charitable Payraise®.
Bill has been on the planned giving committee of his alma mater, Colgate University, for almost 20 years. Bill’s father was a career Marine who ran DC Toys for Tots as part of his duty for three years. Giving back has been part of his family and professional life ever since. It is not an accident that Bill would create a method to help clients and charities at the same time.