Beyond the Basics
Updated: Jun 9, 2021
The wealth management process breaks the planning process down into basic and discrete boxes.
Develop a savings plan, channel that savings from your salary into targeted goals: college education, vacation homes, retirement savings, and manage the investments accordingly. Insurance and estate planning are incorporated to protect against losses.
Totally straightforward, right?
But completely inadequate for the entrepreneur/business owner.
Case in Point: The value of the business for its owner is likely their largest single asset in their portfolio. A business with an EBITDA of perhaps 1 million annually could be worth 4 or 5 million if sold. And this is beyond the value of providing income to the owner annually. Any planning that doesn’t consider the business as having a primary effect on wealth is worthless.
The opinions expressed in this commentary are those of the author and may not necessarily reflect those held Twin Gryphon Advisors, LLC. This is for general information only and is not intended to provide specific investment advice or recommendations for any individual. It is suggested that you consult your financial professional, attorney, or tax advisor with regard to your individual situation. Comments concerning the past performance are not intended to be forward looking and should not be viewed as an indication of future results.
Investment advisory services offered through Twin Gryphon Advisors, LLC, a registered investment advisor.
The material is for informational purposes only. It represents an assessment of the market environment at a specific point in time and is not intended to be a forecast of future events or a guarantee of future results. It does not purport to be complete and is not intended to be used as a primary basis for investment decisions. It should also not be construed as advice meeting the particular investment needs of any investor. Neither the information presented, nor any opinion expressed constitutes a solicitation for the purchase or sale of any security.