Wealth Management Blog
What Comes After Success: Lessons From Santa Fe
I recently spent six days on a 4,600-acre ranch outside Santa Fe learning how to better help people navigate major life transitions. The experience fit the Santa Fe free-spirit vibe. Many of the instructors were free spirits themselves, encouraging us to slow down, think differently and occasionally step outside our [...]
Key Person Risk: What Happens If You Leave Tomorrow?
A business can be profitable, growing, and seemingly healthy and still be far more fragile than its financial statements suggest. Revenue, relationships, knowledge, and decision-making may be concentrated in one or two people without the owner ever viewing that dependence as a significant risk. The risk can be easy to [...]
How to Choose and Prepare a Business Successor
You may already have someone in mind to take over your business. Maybe it is the child who has worked beside you for years. Your longtime number two. A partner who knows the company almost as well as you do. The choice may seem obvious. But choosing the person is [...]
What Rising Bond Yields are Really Telling Investors
Long-term Treasury yields are moving higher again. For investors, the important question isn’t simply how high they are going, but why they are rising in the first place. One explanation has gained considerable attention: investors are becoming increasingly concerned about U.S. government debt and deficits, or perhaps losing confidence in [...]
How Economic Policy Can Affect Your Business and Financial Plan
As a business owner, you're constantly making decisions about hiring, investing, managing cash flow, and planning for the future. While headlines about government spending may seem removed from those day-to-day responsibilities, they can influence the economic environment surrounding your business, investments, and long-term financial goals. Government spending affects more than [...]
How to Create a Family Business Succession Plan
Four Decisions That Matter More Than Legal Documents Building a successful business is one of life's greatest accomplishments. Deciding what happens to it when you're no longer leading it may be even more important. For many business owners, succession planning begins too late. They assume they have plenty of time [...]
Business Succession Planning: Build a Business That Thrives Beyond You
True wealth is living life to the fullest. Business succession planning helps ensure the business you've built continues supporting the life you've worked so hard to create. Every Business Owner Will Leave Their Business Someday Most business owners don't wake up one morning and decide it's time to begin business [...]
Succession Planning vs. Exit Planning: Two Conversations Every Business Owner Should Have
Most Business Owners Spend Years Building Their Company. Far Fewer Spend the Same Amount of Time Preparing to Leave It. Building a successful business is one of life's greatest accomplishments. It requires years of perseverance, calculated risks, and countless decisions that shape not only the company but often an entire [...]
Business Exit Planning: How to Coordinate Your CPA, Attorney, Banker, and Financial Advisor
Exiting a Business Requires More Than Finding a Buyer For many business owners, selling a company is the largest financial event of their lives. Yet business exit planning is often approached too narrowly, with the focus centered on valuation or simply finding a buyer. A successful business exit strategy requires [...]
