“I’d like to leave/sell my business. Can you help me?”

This thought is on the minds of baby boomers aged business owners these days. Your Wealth Manager can inform and educate you about the sell-side process. Facilitate introductions by coordinating activities with you and other advisors. Providing the services necessary to ensure your successful transition from the business.

1 Establishing Goals & Objectives

1.1 Advise you on quantify your goals & objectives.

1.2 Perform a financial-needs analysis to determine retirement income needs and wants.

1.3 Review and offer advice regarding personal investment strategies that are aligned with your plan.

2 Determining the value/Price 

2.1 Determine the current amount of your investment assets.

2.2 Determine the level of income needed (as well as the level of income wanted) after your exit.

2.3 Prepare a financial plan for you and your spouse.

2.4 Discuss your tolerance for investment risk pre- and post-exit.

3 Protecting & Growing your Value 

3.1 Discuss, design, and fund non-qualified employee benefits, such as deferred-compensation plans.

3.2 Discuss, design, and fund qualified retirement plans, such as defined benefit plans.

4 Contingency Planning for the Business

4.1 Determine the amount of proceeds available to your surviving spouse if continuity plans are exercised.

4.2 Determine whether additional capital and income are needed: Will there be enough income for the family based on available assets and your financial-independence goal for the family?

5 Wealth Preservation Planning 

5.1 Review your estate plan at the outset of the process to ensure consistency with your objectives.

5.2 Determine the amount of capital needed for your surviving family to ensure their financial independence.

This article outlined areas of involvement and work with owner-clients you could expect from your Wealth Manager. It is far from exhaustive, but it does include the more commonly implemented tools and techniques used by Wealth Manager.

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