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IMI Tree of Knowledge

I would like to take a moment to introduce myself – I am Karla Leonard-David, CEO of IMI Asset Management Company. I hold a double B.A. in Business Economics and Art History. IMI Stands for Investment Management International and was originally founded in 1995. In 2012, IMI went through a complete transformation. That transformation included implementing a complete social media presence. I have designed and write an educational blog that is posted to my personal and company Facebook and LinkedIn pages. These articles are a tool to inform and educate on financial planning topics. The biggest part of that transformation occurred when IMI became a full service asset management company. IMI has partnered with Jerry Vines, MBA, EA and the Law Office of Sharon Morff, to offer a fully engaged estate planning package, designed specifically to your goals. Most people do not have a solid financial plan. A reason for this is that most lack insight into what is going on in the financial industry. I realize that the process of creating a strategy for retirement can feel pretty intimidating which is why I am constantly searching for new materials, whether they are videos, articles or just questions and answers to share with everyone. IMI Asset Management Company is focused on the belief that our customers’ needs are first. I am committed to meeting those needs. I am a firm believer of the personal touch, which is so lost in today’s world. As a result, a high percentage of IMI’s business is from repeat client business and referrals. IMI Asset Management Company was selected in 2012 by the USCA as the recipient of the Best of Rancho Cucamonga Awards in Financial Planning. We want you to be able to assess, from these insights, your financial portfolio to ascertain that it is aligned with your ultimate goals for your retirement and passing your estate probate free down to your heirs. We strive to make sure you evade the costliness that can result from poor planning. We would welcome the opportunity to earn your trust and deliver you the best individual and personalized service in the industry in helping you obtain your goals. We invite you to come “join” our IMI Family.


Karla Leonard Karla Leonard , 6/17/2015
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Ya know what is awesome? Today many people are living to 100 years old and beyond.  Think about the oldest person you have ever met or known.  Personally, the oldest person I met was a Tuskegee Airmen who was 105 years old.  I have a distant family member that is 108 years old.  However, I had a client whose cousin lived to be 116 years old!!! Imagine the history these people have seen through their lifetimes. The one thing that is just about definite is, with age comes the eventual need for assistance with everyday needs.  Needs or 'Activities of Daily Living' (ADL) as a young adult you take for granted, do not even think twice about.  ADLs such as dressing yourself, just getting from the bed into the bathroom.  Getting in and out of the shower by yourself.  Cooking for yourself, cleaning your home and how about getting in that car to go get some groceries.  Or something which used to be so easy such as going from sitting in your favorite chair to go and sit on the couch. As you age or if you have a critical illness like a heart attack, stroke, or cancer you may recover from the illness , but many times leaves you having to rely on others to meet your ADLs.  Something what used to very elementary for you like dropping a spoon and picking it up now can become very difficult for you to retrieve that spoon. How many of you currently are care takers for your parents? How many have placed your parents in assisted living facilities?  How many of you know of someone in their twenties or thirties who had the misfortune of being in a bad accident and now has to rely on someone to assist them with one of the 'activities of daily living'? NHHC is costly and can deplete a retirement portfolio very quickly.  $100,000 could be wiped out in less than two years. In New York it would not even cover one year of coverage.   However just utilizing that same $100,000 towards a Total Living Care (TLC) Life Insurance Policy would extend that $100,000 to cover 3 years of NHHC and would retain a death benefit for your beneficiaries (even in New York market). prepared are you for long-term care, especially you baby boomers out there? There are remedies within the industry that can take the financial burden of long-term care expenses off your retirement portfolio. These remedies are:
  • Long-Term Care Insurance
  • Long-Term Care Annuity
  • Life Insurance Policies with Long-Term Care Rider
  • Total Living Coverage (TLC) Life Insurance Policy
  • Critical Illness Insurance
  • LifeCare Funding
  • Litigation Funding
  • EquityKey
  • Life Settlement
  • Reverse Mortgage
  • Medicare
I'd recommended you contact a trust worthy financial professional to explain the advantages as well as the disadvantages of each of these remedies.