Logo, Insight Wealth Management, Inc., Financial Services in Gainesville, Virginia

7250 Heritage Village Plaza, Suite 101
Gainesville, VA 20155-3058
vailable by Appointment Only


Financial Security and Stewardship Workshop Series

 "Financial Security and Stewardship" is a series of two-hour workshops created for churches and other non-profit organizations.  Its purpose is to teach people associated with such organizations how to plan for their own financial security while supporting their organization.  It can be offered in whole or in part, and can be structured to suit the needs of any non-profit, charitable organization whether they are faith-based or secular.

The series has been offered at Centreville United Methodist Church in Virginia and elsewhere.  Please contact IWM if your organization or church is interested in offering any or all of these workshops. 


Session One – Introduction

The workshops begin by studying Christian perspectives on money as John Wesley taught in his sermons on "The Use of Money" and "The Good Steward."  This workshop explores basic concepts of personal finance that are key building blocks to understand the lessons in later sessions, including how to calculate your personal financial net worth, budgeting, saving, debt and the proper use of credit cards.

Session Two - Understanding Your Investment Portfolio

Do you know that adding an apparently risky asset class, such as emerging market stocks, can actually reduce the long-term risk and increase the return of an investment portfolio?  Your investments must be evaluated in the context of your portfolio rather than in isolation.  This workshop teaches a rigorous process of determining portfolio risk and return objectives for each individual investor based upon their particular needs, creating a long-term investment policy and strategy designed to achieve those objectives, structuring a suitable asset allocation, implementing the investment policy using appropriate securities, and monitoring and evaluating the portfolio’s performance.  We will also discuss the impact of fees and taxes on portfolio performance.

Session Three - Selecting the Right Investments

After you have determined your investment policy and strategy, you need to implement them with various types of investments.  This workshop explores various types of securities such as stocks, bonds, exchange traded funds, mutual funds, alternative investments, derivatives, annuities and insurance products.  We'll look at their characteristics and examine their place in the portfolio, as well as survey how the professionals analyze and value them.

Session Four - Investment Planning for Retirement

This workshop teaches participants how to estimate their financial needs during retirement to maintain their desired lifestyle, and how to structure their investment portfolio to meet those needs consistently with their tolerance for financial risk.  It provides guidance on how to determine an appropriate asset allocation and create an implementation plan for that investment portfolio, based on their retirement goals.  We'll discuss also how to factor into your retirement investment planning other resources available to you such as Social Security and pension benefits.

Session Five - Investment Planning for Education

This workshop teaches participants how to estimate future education expenses for themselves and/or their children and how to design and implement an investment plan to accumulate the necessary funds.  Various investment vehicles are discussed including 529 plans, Coverdell Education Savings Accounts, Custodial (UGMA/UTMA) accounts, trusts, regular savings accounts and tax-deferred accounts.  The workshop will also discuss the financial aid process and the potential impacts of the various education savings vehicles on eligibility for financial aid.

Session Six - Estate and Tax Planning

Estate and tax planning explores methods of transferring wealth and assets to others, and to charitable organizations, while minimizing tax burdens.  The workshop will teach participants how to structure their investment portfolios to maximize tax efficiency through methods such as efficient use of tax-deferred vehicles including various types of IRA accounts, and methods of gifting securities to charitable organizations to gain full deductibility of the assets’ value and avoid capital gains taxes.  Various gifting structures are examined, such as charitable trusts and annuities, as well as any new vehicles that may be available in the future.  We'll also review methods of ensuring tax-efficiency of your investment portfolio, such as the most tax-efficient investments to use, and which investments to put in your tax-deferred accounts versus taxable accounts.

Session Seven - The Charitable Endowment

Have you ever wondered how the Church's endowment fund works or how the investment portfolio is managed?  We'll show you in this workshop.  We'll also explore what the endowment fund means for the church and your role in helping it succeed.  This workshop will expand on some of the topics from the estate and tax planning workshop such as how you can reduce your tax burden and guarantee an income for life for yourself through the endowment, and include the endowment as a part of your own permanent legacy.  We'll outline the steps and procedures involved in creating and maintaining an investment policy and operating procedures, consistent with both governing laws and the organization’s own goals and constraints, for a charitable endowment fund.  The workshop surveys relevant ethical and legal requirements including duties of fiduciaries and, for example in Virginia, the Commonwealth’s Uniform Management of Institutional Funds Act (§ 55-268.1 to 10).  This workshop will be relevant to those from faith-based and other non-profit organizations who want to create and manage an endowment for their charitable cause.


Other Faith-Based and Stewardship Programs Available from IWM Include:

"Fiducary Basics for Endowments and Trustees"

Workshop last presented by Bob Pugh, CFA, CFP® at Centreville United Methodist Church (CUMC), sponsored by the CUMC Endowment Committee, March 2, 2013

Churches and other non-profit organizations often ask members to serve on endowment committees, as trustees and in other roles in which they have a fiduciary duty to manage the assets under their care to serve the best interests of the assets’ beneficiaries.  People in such roles are often experienced, well-meaning individuals with extensive knowledge of their own fields but who lack expertise in managing financial resources on behalf of others.  They turn sometimes to third parties to manage the assets under their care without creating and maintaining an investment policy statement that ensures that the investment choices fit the risk and return needs of their organization.  They might attempt haphazardly to make investment choices on their own.  Either of these and similar approaches can lead to failure to serve their organization’s needs properly, or even liability for not properly exercising fiduciary duties.

This workshop will lay out some of the basics for trustees, endowment committee members, and other volunteer fiduciaries who are not investment professionals.  We will explore proper governance, how to create an investment policy statement focused on your organization’s goals and risk tolerance, and how to implement and maintain that investment policy.

We will use the CFA Institute’s “A Primer for Investment Trustees” as our text.  This monograph is available as a free PDF download from the CFA Institute website.


"Retirement Security and Stewardship"

Seminar presented by Bob Pugh, CFA, CFP®at Centreville United Methodist Church (CUMC), sponsored by the CUMC Endowment Committee, October 24, 2011

This seminar teaches participants how to plan for retirement by estimating their financial needs during retirement to maintain their desired lifestyle, and how to structure their investment portfolio to meet those needs consistently with their tolerance for financial risk. We’ll discuss also how to factor into your retirement investment planning other resources available to you such as Social Security and pension benefits.  The planning process will emphasize integrating stewardship into retirement planning, and review John Wesley’s teachings on stewardship and the use of money.


“Enough:  Discovering Joy through Simplicity and Generosity”

Centreville United Methodist Church (CUMC) is offering a Church-wide study based on, “Enough:  Discovering Joy through Simplicity and Generosity” by Adam Hamilton.  Bob Pugh, Lay Speaking Minister in the United Methodist Church, is leading one of the groups at the office of Insight Wealth Management, Inc. in Gainesville, Virginia. 
We will look at some of the financial challenges facing us as a nation and examine our own spending, saving, and giving habits.  In addition to exploring Biblical principles of financial management, we will learn ways to assess our financial situation and develop a financial plan that will allow us to experience true joy that comes through simplicity and generosity.    

The schedule of the sessions in Gainesville is as follows:

Session One – Faith in the Midst of Financial Crisis
Session Two – When Dreams Become Nightmares
Session Three – Wisdom and Finance
Session Four – Cultivating Contentment
Session Five – Defined by Generosity

Participants may join the program at any time, or attend sessions of their choosing. 


“Counterfeit Gods: The Empty Promises of Money, Sex, and Power, and the Only Hope that Matters”

Bob Pugh, Lay Speaking Minister in the United Methodist Church will lead a three-week discussion of Pastor Timothy Keller’s book, “Counterfeit Gods: The Empty Promises of Money, Sex, and Power, and the Only Hope that Matters” at Centreville United Methodist Church (CUMC).  The sessions will each meet for one hour starting at 11:00 AM.  We’ll discuss topics such as the meaning of idolatry in the world today, and the role of the “culture of greed” in the economic meltdown in 2008 and 2009.

From the book’s description, “Success, true love, and the life you've always wanted. Many of us placed our faith in these things, believing they held the key to happiness, but with a sneaking suspicion they might not deliver. The recent economic meltdown has cast a harsh new light on these pursuits. In a matter of months, fortunes, marriages, careers, and a secure retirement have disappeared for millions of people. No wonder so many of us feel lost, alone, disenchanted, and resentful. But the truth is that we made lesser gods of these good things- gods that can't give us what we really need. There is only one God who can wholly satisfy our cravings- and now is the perfect time to meet Him again, or for the first time.

“The Bible tells us that the human heart is an ‘idol-factory,’ taking good things and making them into idols that drive us. In Counterfeit Gods, Keller applies his trademark approach to show us how a proper understanding of the Bible reveals the unvarnished truth about societal ideals and our own hearts. This powerful message will cement Keller's reputation as a critical thinker and pastor, and comes at a crucial time-for both the faithful and the skeptical.”

For more information about the book and to watch a brief video by Pastor Keller, please visit the book’s page at Amazon.

The classes are free and open to everyone.  Guests and non-CUMC members are welcome to join us and attend worship services also.  For more information about the classes, please contact Bob or CUMC.