|
|
|
|
|
|
|
|
|
 |
 |
Our net worth planning process starts with a personal financial statement. We believe you can only effectively “manage what you can measure;” therefore our goal is to measure you net worth each and every year. BRISE Model: Our process
begins with your business since it typically represents 40 – 60% of your net
worth. This process is tailored to help you focus on areas of your business
that will increase its value and profitability. An additional benefit is an
increase in the marketability of your business. Business development planning
helps your business become less dependent on you, the owner. This will enhance
your quality of life and increase the value of your business. We take a very
hands-on approach in this part of the model because it’s not just about the
numbers. It’s about the intangibles as well. Our job is not only to identify
what to improve but to create plans to make it happen. These plans, when
implemented, are what drive your business to become a leader in your industry.
Consistent follow-up is the key to this part of the net worth planning model.
Regular monitoring ensures that your business consistently exceeds its highest
potential year after year. Our role in this component is helping you assess your current financial situation to ensure that you will be able to maintain a certain lifestyle after retirement. The benefit to our assessment is the peace of mind that your financial needs will be supported throughout your retirement years. We take a less hands-on approach here, as an independent advisor that monitors the results of your plan and its makeup. Based on your current income needs, we project your retirement needs, prepare a personal financial statement, and evaluate the composition of your assets. According to the results of this analysis, action plans are developed to increase the value of each asset. The key to this component is also follow-up, but more importantly determining liquidity of assets and the timing of liquidity to fulfill retirement income needs. Our job is to constantly monitor and suggest any needed adjustments that keep your plan on track. This is a process by which we help you develop, implement, and monitor an investment philosophy for each of your investments. These include your personal portfolio, 401(k) or equivalent, and your investment in a business. The main benefits to engaging in this process are improved investment performance and increased asset value. By regularly monitoring your investment’s performance, you are able to make timely decisions to correct under-performing assets and assess proper asset allocation. Our role here is to help clients develop their philosophy and to raise any red flags when parameters and goals aren’t being met. Succession Planning for a Business The main goal of this component is the continued life and successful transition of a business investment in order to maximize its value. Remember, the sole purpose of a business is to sell it, whether or not you actually do. Regardless of the final destination of the business, the ultimate benefit to planning for succession is a maximized return on investment for the largest component of one’s personal assets, estate and life’s work. Planning for this transition increases its liquidity and marketability. This process can help the next generation, family or non-family, overcome the low survival statistics for second generation closely held businesses. This last component requires an abundant amount of planning for the orderly distribution of one’s assets after death. This process also reviews lifetime planning considerations through the use of gifts, trusts or methods of ownership. Proper planning ensures your estate will pass to the individuals or charities you desire and in the manner and time constraints you select. The main goal of estate planning is to maximize property passed to heirs, be it family or charity, while minimizing estate taxes. |
 |
|
|
