The Background

A local entrepreneur has been running a successful business for over 20 years. Though his business keeps him busy, he tries to find some time to spend with his family, to pursue philanthropic interests, and to engage in a number of hobbies.

 

The Issue

The owner has multiple properties, a multi-faceted business and a number of other factors that make his cash flow and overall financial picture particularly complicated. He doesn't have the time to manage efficiently the financial needs he has now, or to plan thoroughly for all that he wants to accomplish in the next 10-20 years.

 

The Solution
 

TIER 1
Needs, Wants and Aspirations

After clarifying his individual values and priorities, a number of specific goals are defined, such as semi-retirement within 10 years and supporting education in his family and community.

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TIER 2
Risk Analysis

Our proprietary risk analysis process allows us to create a unique portfolio that is clearly segmented into needs, wants and aspirations, with each category consistent with the nature of his objectives.

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TIER 3
Family Wealth Continuity

His family and a number of other specialists are called upon and included in discussions. He is then presented with a plan to help finance his grandchildren's education and to set up a foundation in the name of his business.

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TIER 4
Strong Decision-Making

We review both his ability (financial) and willingness (physiological) to take risk. We also help him to visualize how his short-term needs, mid-term wants and long-term aspirations will be balanced within his portfolio over time.

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TIER 5
Protection from Losses

Working with our business transition planning specialist, multiple solutions are uncovered to lessen the impact of taxes and improve his cash flow. This helps him transition into semi-retirement three years earlier than anticipated.