Owners of Privately Held Businesses

Business owners have very busy and complex lives. Typically wearing many hats, these individuals often have trouble finding the time to explore investment opportunities outside of their business - let alone take the time to create a comprehensive long-range financial plan - when the day-to-day demands of running their business takes precedence. And if you're one of the millions of business owners in the United States, you know how your income can vary depending on the performance of your company.

From a financial perspective, one of the biggest differences between business owners and other executives and professionals is the amount of your wealth that's tied up in your business or businesses. Another big challenge: determining how you'll transfer your business, and to whom, when the time comes.

Fortunately, as a business owner, you do have many opportunities for investing money in a tax-advantaged way through your business - something we would focus on as we build your financial plan. We'd also carefully consider how to create an investment portfolio to act as a potential counterbalance to the inherent risk to which you are already exposed by your unbalanced interest in your business. And, because so much of your wealth is tied up in your company, we will pay particular attention to your insurance needs to protect the value of your business interest for your spouse or family in the event of your demise.

In developing your plan, we would follow our proven six-step process that enables us to fully understand your specific needs and goals and the financial solutions best suited to your situation. Read more about our six-step financial planning process.