Business owners have unique financial planning needs
With so much income and net worth tied to your business, it's vital for business owners to take a holistic view of their business and personal financial goals. Exiting a business is often a large part of a business owner's anticipated wealth and retirement income. Many of our clients are often surprised to learn about the various options they have to creatively exit their business. If you are looking for trusted expertise to help you understand how to connect your personal financial goals with your business owner priorities, we should talk.
Connecting the dots between personal financial goals and business needs
Our integrated approach to wealth management is particularly important for business owners and entrepreneurs, who have unique needs when it comes to diversification, income planning, and tax planning.
Financial planning for business owners
KW Wealth Management helps business owners balance complex business needs, while supporting personal financial planning goals. Key aspects of financial planning for business owners include:
Mapping Cash Flows
The liquidity needs of business owners can be complex. Whether it’s forecasting cash flow, deciding how much income to draw, or working with your accountant to understand business tax deductions, we can integrate your business cash flow needs into your personal financial planning.
Mitigating Risk
Owning a business comes with unique opportunities as well as risks. As part of the financial planning process, we identify investment strategies to help you diversify your income and wealth. We can also examine how insurance policies and other tools can help you protect your liability exposure.
Retirement
​Business owners have a wide range of retirement plans to choose from depending on their business structure. We work with tax professionals and plan sponsors to optimized retirement plan contributions and tax outcomes. Planning the exit of a business is a complicated aspect of retirement planning, and a process that we have deep expertise in.
Planning for an Exit
We help you think through different scenarios for the valuation and exit of your business, integrating that analysis into your personal financial planning. By working with your accountant, lawyer, and other key advisors, we can help you develop a blueprint for enhancing the value of your business.
Tax and Estate Planning
We can introduce lawyers, accountants, or help coordinate with your existing professional advisors. Our goal is to support a seamless approach to your wealth management and legacy planning strategy.
Implementing
Your Financial Plan
After creating a financial plan, many of our clients retain us to continue to the important next step, which is to implement their plan. KW Wealth Management designs an investment portfolio uniquely suited to each client's goals. All investment management is done within our firm, ensuring a seamless connection between financial goal-setting and investments selection.