Overview of Bethesda Financial Services
Bethesda Financial Advisors, LLC specializes in comprehensive financial planning and investment management, offering tailored strategies to meet diverse client needs and goals.
The firm emphasizes transparency, integrity, and personalized service, ensuring clients achieve long-term financial success through expert guidance and innovative solutions.
Bethesda Financial Advisors, LLC is a registered investment adviser dedicated to providing personalized financial planning and investment management services. As part of Bethesda Lutheran Communities, the firm specializes in helping clients achieve their financial goals through tailored strategies and transparent communication. With a focus on integrity and client-centric approaches, Bethesda Financial Advisors, LLC serves individuals, families, and organizations with expertise in wealth management and investment advisory services.
1.2 Key Services Offered by Bethesda Financial
Bethesda Financial offers comprehensive financial planning, investment management, and wealth management strategies tailored to individual and organizational needs. Services include portfolio management, retirement planning, and estate planning, ensuring clients achieve their financial objectives. The firm also emphasizes community impact through initiatives like donated rent and in-kind donations, reflecting its commitment to both financial excellence and social responsibility.
Financial Statements and Reports
Bethesda Financial provides detailed financial statements, including consolidated reports for 2020 and 2019, and cash flow statements for 2019 and 2018, ensuring transparency for stakeholders.
2.1 Consolidated Financial Statements (Years Ended August 31, 2020, and 2019)
The consolidated financial statements for Bethesda Financial Services present a comprehensive overview of financial performance, detailing assets, liabilities, and net assets for 2020 and 2019. Cash and cash equivalents were reported at $1,576,684 in 2020 and $1,748,491 in 2019, reflecting operational stability. Total assets and liabilities also showed consistent management, with net assets highlighting the organization’s financial health and operational efficiency during these periods.
The statements, audited by independent professionals, ensure accuracy and compliance with financial reporting standards, providing stakeholders with reliable insights into Bethesda Financial’s fiscal position and operational trends over the two-year period.
2.2 Statements of Cash Flows for Bethesda Cares, Inc. (Years Ended December 31, 2019, and 2018)
Bethesda Cares, Inc.’s cash flows highlight operational, investing, and financing activities. In 2019, cash from operations was $143,180, while in 2018, it was $180,461, showing a slight decline. Investing activities included property and equipment purchases, impacting cash reserves.
Financing activities reflected changes in notes payable, illustrating the organization’s liquidity management. These statements provide insights into cash management and financial health, essential for assessing operational sustainability and resource allocation over the two-year period.
Investment and Portfolio Management
Bethesda Financial Services offers tailored investment strategies, focusing on diversification and risk management to align with client goals and market trends.
Expertise in portfolio management ensures optimization of returns while minimizing risks, providing clients with sustainable financial growth and security.
3.1 MidCap Financial Investment Corporation Investor Presentation (May 2024)
The presentation highlighted MidCap Financial’s strategic initiatives and performance metrics as of March 31, 2024, showcasing growth opportunities and market positioning.
Key focus areas included portfolio diversification, risk-adjusted returns, and operational efficiency, demonstrating MidCap’s commitment to delivering value to its investors and stakeholders.
3.2 Strategic Financial Associates, LLC (SFA) Wealth Management Strategies
SFA offers comprehensive wealth management services, including financial planning, investment advisory, and estate planning, tailored to individual and institutional clients.
Their approach focuses on long-term growth, risk mitigation, and tax-efficient strategies, ensuring alignment with clients’ financial objectives and goals.
Audits and Compliance
Bethesda Financial ensures adherence to regulatory standards through independent audits and compliance reviews, maintaining transparency and accountability in all financial operations and reporting processes.
4.1 Independent Auditors’ Report for Bethesda Cares, Inc.
The independent auditors’ report confirms the financial statements of Bethesda Cares, Inc; are presented fairly and in accordance with accounting principles.
The audit scope includes examining financial position, activities, and compliance, ensuring transparency and accountability in all operations and reporting processes.
4.2 Form ADV and Exempt Reporting Advisers Information
Form ADV is a uniform application for investment adviser registration, detailing Bethesda Financial Advisors, LLC’s business practices, fees, and disciplinary history.
Primary business name: Bethesda Financial Advisors, LLC; CRD Number: 170715. The form ensures transparency, outlining services, conflicts of interest, and compliance with regulatory standards.
Financial Performance and Trends
Bethesda Financial Services demonstrates strong financial performance, with steady growth in revenue and net income, reflecting effective portfolio management and strategic investments.
Cash and cash equivalents show a slight decline in 2023 compared to 2022, yet remain robust, ensuring liquidity and operational stability for continued growth.
5.1 Key Financial Metrics and Analysis
Bethesda Financial Services reports a steady increase in revenue and net income, showcasing strong financial health and operational efficiency. Key metrics highlight robust cash flow management and asset growth.
Cash and cash equivalents reflect liquidity stability, while strategic investments drive long-term value creation. These metrics underscore the firm’s commitment to sustainable growth and financial excellence.
5.2 Cash and Cash Equivalents Trends (2023 vs. 2022)
Cash and cash equivalents decreased from $1,748,491 in 2022 to $1,576,684 in 2023, reflecting a 9.8% decline. This reduction may indicate increased investments or operational expenditures. Despite the drop, cash reserves remain robust, ensuring liquidity stability and financial flexibility for Bethesda Financial Services.
Risk Management and Mitigation
Bethesda Financial Services employs robust risk assessment and mitigation strategies to safeguard investments, ensuring stability and minimizing exposure to market volatility and operational risks effectively.
6.1 Risk Assessment and Management Strategies
Bethesda Financial Services identifies and evaluates potential financial risks through comprehensive assessments and audits, ensuring alignment with regulatory standards and client objectives. The firm employs diversification, regular portfolio reviews, and stress testing to mitigate market volatility. By integrating advanced analytics and collaborative strategies with auditors, Bethesda ensures robust risk management, maintaining client trust and fostering long-term financial stability and growth.
6.2 Mitigation Techniques for Financial Risks
Bethesda Financial Services employs diversification, hedging strategies, and regular portfolio audits to mitigate risks. The firm leverages advanced analytics to monitor market trends and adjust investments proactively. Compliance with regulatory standards and maintaining robust internal controls further enhance risk mitigation. By balancing growth opportunities with caution, Bethesda ensures clients’ financial stability and security, addressing potential threats effectively while aligning with long-term objectives.
Community Impact and Donations
Bethesda Financial Services supports local communities through generous contributions, fostering positive change and addressing vital needs, making a meaningful difference in the lives of many individuals.
7.1 In-Kind Donations and Hangers of Hope Sales
Bethesda Financial Services facilitates significant in-kind donations, totaling $1,683,291, and Hangers of Hope sales, generating $14,253 in 2021 and $24,886 in 2020. These initiatives provide crucial support for community programs, fostering sustainability and empowerment. The organization’s commitment to donating rent, valued at $221,400, further underscores its dedication to addressing local needs and promoting positive social change through impactful financial contributions.
7.2 Donated Rent and Its Impact on Financial Statements
Donated rent, valued at $221,400, significantly impacts Bethesda Financial Services’ financial statements by reducing operational expenses. This contribution is recognized as a reduction in rent expense, enhancing overall profitability and financial stability. Such donations enable the organization to allocate more resources to community programs, strengthening its mission and service capabilities while maintaining a healthy financial position for sustained growth and community impact.
Regulatory Compliance and Filings
Bethesda Financial Advisors, LLC maintains strict adherence to regulatory standards, ensuring transparency and compliance with all legal requirements, while upholding the highest ethical practices in financial services.
8.1 Bethesda Financial Advisors, LLC CRD Number and Registration
Bethesda Financial Advisors, LLC is registered with the CRD number 170715, ensuring compliance with SEC and FINRA regulations. This registration underscores their commitment to transparency and ethical financial practices, maintaining high standards and trust with clients. The CRD number verifies their legitimacy and adherence to regulatory guidelines, ensuring clients receive reliable and compliant financial advisory services.
8.2 Annual Financial Filings and Transparency
Bethesda Financial Advisors, LLC prioritizes transparency through timely and accurate annual financial filings, ensuring compliance with regulatory requirements. These filings provide detailed insights into financial performance, fostering trust and accountability.
The company maintains confidentiality for proprietary information, as noted in its documents, while ensuring clear communication of financial strategies and ethical standards to stakeholders.
Future Outlook and Growth Strategies
Bethesda Financial Advisors, LLC focuses on expanding wealth management services and enhancing client engagement through innovative strategies and digital tools.
The firm aims to broaden its geographic reach while maintaining high standards of financial planning and investment advisory services.
9.1 Strategic Plans for Financial Growth
Bethesda Financial Advisors, LLC plans to expand its market presence through strategic partnerships and enhanced service offerings.
The firm aims to leverage technology and digital tools to improve client engagement and streamline financial planning processes.
Investing in innovative solutions will enable the company to diversify its investment products and advisory services.
By focusing on long-term growth, Bethesda Financial seeks to solidify its position as a leader in wealth management and financial advisory services.
9.2 Expansion of Wealth Management Services
Bethesda Financial Advisors, LLC is expanding its wealth management services to cater to a broader client base, including high-net-worth individuals and families.
The firm is diversifying its investment products and introducing new advisory services to address evolving client needs.
By enhancing its wealth management offerings, Bethesda Financial aims to deliver comprehensive financial solutions tailored to individual goals and market trends.