Business Solutions
For over 5 decades, we have specialized in creating financial solutions for family-owned and multi-generational businesses. We offer a diverse range of solutions to help businesses through every stage of their life cycle. With each recommendation, we prioritize strengthening your business and protecting its legacy based on your personal goals. Some of the ways we accomplish this are detailed below:
Business Succession & Exit Planning
Succession planning allows owners to transfer ownership of their business within their own time frame to family members, key employees, an outside party, or even a charity. This must be done in a way that achieves personal financial security, maintains harmony, and achieves maximum value for the business. We can provide financial strategies for succession planning that limit tax liability, enhance the business owner’s retirement, fund a buyout – whatever fits within your long term goals.
Executive Benefits
The success of most businesses is intertwined with the talent, passion, and work ethic of their key executives. Executive benefit packages can help you attract, motivate, and retain high-caliber employees and keep your company healthy and stable. We can help you with funding non-qualified plans, supplemental employee retirement plans, split dollar plans, and more.
Key Person Insurance
Key person life insurance is designed to protect a business from losses associated with the death of a person "key" to the business. This can help assure continuity of the business for employees, customers, and creditors, and protects against losses in sales, momentum, and credit. It can also be used to assist with recruiting and developing a replacement for the employee.
Buyout Arrangements & Business Transfer
There are several forms of buyout arrangements, including stock-redemption / entity purchase, cross-purchase, "wait-and-see," and one-way buy-sell. No matter the variation or variety, buyouts are an essential tool for business exit and continuation strategies. Business owners should never be in a position of not knowing specifically what will happen in the event of an owner's death, disability, or retirement.
Deferred Compensation
Deferred compensation is a written agreement between an employer and an employee in which the employee chooses to have part of his or her compensation withheld by the company, invested on their behalf, and distributed to them at a predetermined point in the future. Deferred compensation can be used as a flexible way to attract and incentivize key employees. We provide funding strategies for deferred compensation.
Employee Benefits & Employer Sponsored Retirement Plans
A well-rounded benefit package and retirement plan will help your business to attract and retain quality employees. We will help you to evaluate your options and make recommendations based on the unique needs of your business and its employees. In addition to being there for your business, we make every effort to be there for your employees on an individual level to ensure they understand the value of their benefit package.