They say the first generation builds the wealth, the second generation spends it, and the third generation loses it. Wouldn’t you like to break out of that cycle? Here are four areas where we see roadblocks in the wealth transfer process, and strategies to help.
As an entrepreneur, you’re an attractive target for unfounded and frivolous lawsuits. That’s why protecting your wealth is so critical. But in our experience, far too many wealthy people fail to act – leaving them open to risk.
When considering any financial move – you have to look at the possible tax impact. And there are many strategies that can help you keep more of your hard-earned money for yourself, your family, and in your business. Here are some of them.
As a business owner, every day, you tackle tough decisions that impact a lot of people - clients, employees, your own family and livelihood. But have you ever come up against an obstacle or a dream that seemed too daunting to even attempt?
There’s a type of business owner called a Rainmaker. They generate most of their company’s revenue and know all their customers. On the surface it sounds great, but lack of time can result in what’s known as the Rainmakers’ Dilemma.
Everyone will exit their business at some point – it’s just fact. The decision is – whether you will do it successfully – in the best way for you and your family. To have a successful exit you need to be able answer two simple but crucial questions.
Divorce can have a devastating impact on financial security. Relationships often lack a lot of balance, even in the best of times. And it becomes very clear in the worst of times. We recommend four steps that you can take to help get a little balance back during a divorce.
Don Stellin chooses to act as a fiduciary for his clients, which means he puts his clients’ interests first and foremost. Your welfare is the number one priority and the guiding force behind every action and recommendation.
How many speakers have you heard drone on and on? The audience paying more attention to their phones than the stage, or worse, people start getting up and walking out? Your members don’t want that. You don’t have time for that. I’m here to offer something different.
Being the boss doesn’t mean you’re free of demanding customers and employees. For that level of independence, you may need to sell your business to fund the lifestyle you really want. If you’re considering doing that - here are 10 key questions your advisor team should be asking you.
Owning a business doesn’t mean the business has to own you. A great professional team can help you reach your freedom point faster by helping you avoid three critical wealth planning mistakes that family business owners make.
When you’re the parent of a child with special needs, it adds even more stress and worry. I have this concern myself. I addressed it with a Special Needs Trust in our estate plan – and over the last 35 years as an advisor, I’ve worked with dozens of clients to help them do the same.
Many owners think that only their financial results determine what the business is worth. But there are two key value drivers that you might be overlooking.
You’ve spent a lifetime building your business and creating wealth for you and your family. Have you thought about what happens to all of it, when you’re gone? A major tool in ensuring that the legacy you leave, will benefit generations to come is a trust.
Like you, I started my business for the freedom. But the challenge for many business owners, is their dream of freedom remains elusive. Do you know if you’ve reached your Freedom Point yet? We can help you answer that.
Papers, forms, documents – they’re everywhere! It can be difficult and overwhelming to sift through these documents and determine what is relevant, what needs to be shredded and what needed to be brought to an accountant. This is how we can help.
Tim Scannell, CPA, CFP® loves fly fishing. And believe it or not, skillful fly fishing strategies not only help him catch fish. They can also help you effectively exit your businesses.
Growing and owning a business does not mean the business owns you or holds you prisoner. You can work smarter and make work optional.
Every day, Tim Scannell, CPA, CFP® helps business owners like you step back from their organizations and plan for a future where work is optional and family and passions are a priority again.
Samantha Pietruszynski, CFP® empowers women to see the possibility of a healthy work-life balance by guiding them toward financial independence.
People often overlook the business value of non-quantifiable aspects of the selling process. When added up, they may add up to 53% of the difference in the value of two seemingly similar businesses.
Once you reach the Freedom Point - there’s no financial reason for you to continue owning the business. Because doing so actually puts you at risk. But we all know owning a business is much more than financial. It’s personal and it’s your passion.
As business owners, you work hard taking care of your employees and clients. You deserve a financial advising team that works just as hard for you – that fits just right and understands your specific goals and dreams.
Stress testing is becoming an increasingly essential tool for business owners. You have an opportunity to put your financial and legal strategies through their paces and determine if they’re set up to deliver the results you want.
We encourage business owners to step back from daily work activities to see the big picture – the worth of the company and how to increase it through identifying the value drivers of the business.
As a business owner, you spend time, focus, and energy on serving your clients and employees while managing a litany of daily risks and challenges. Tim Scannell wants to help you make work optional.
If you’re not picking a financial advisor who aligns with your specific needs, they may not be a great fit. Tim Scannell helps you compare four different types of advisor to pick the one best suited to your needs.
Tim Scannell describes the road that led him to becoming a fiduciary financial advisor.
How much do you know about the motivations of your financial advisor? Are they working in your best interest?
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