Total Wealth Management – Corporate
Designed to Keep You Aligned
Connecting Your Business Finances With Your Personal Goals
Synergize Goals
Your partners/executive team all have individual financial goals that they want to achieve through the work they are doing in the business. Our Total Wealth Management – Corporate service provides advice at the corporate level, as well as the individual level, for your partners/executive team under one corporate planning agreement. We start with individual goal setting with each member of your team and then move to the goals of the business. Our understanding of everyone’s situation gives us unique insight into how the business contributes to the individual goals of each team member. This insight provides context for decision-making at the business level while keeping personal planning goals confidential.
Focus on Key Metrics
You could spend hours and days dissecting data related to your business. We create a one-page metrics overview focused on the most consequential numbers for your business, such as return on equity, valuation, cash flow and balance sheet. Our collaboration with your professional team of attorneys, accountants and consultants keeps everyone focused on the same goals for the business and saves you significant time and effort in coordinating business planning. A coordinated, high-level approach creates a proactive planning process that keeps your personal goals in view.
Create a Sustainable Framework
After discussing your values and goals and establishing the most pertinent high-level metrics for your business, our annual planning process creates an ongoing framework for you to stay in front of planning opportunities and risk factors for your business. This framework also promotes flexibility in the planning process as opportunities arise. The framework will enable your business to consistently deliver on the goals you and your team establish and will provide confidence, continuity and ultimately a legacy that you can leave to those you love.
Annual Planning Rhythm
Financial planning is a process, not an event. Our process is built to be delivered on a calendar year basis, ensuring that your entire financial life is in order and in alignment.
Goal Planning and Cash Flow Review
In Quarter 1 we step back and revisit the big picture for your business. We review the prior year and the progression of your goals and financial metrics. We line-up the initiatives for the coming year so that the financial management of your business is aligned with your strategic initiatives and you are prepared to make future decisions that may come your way. Many times, this process will include your entire professional team to assure continuity of planning across all disciplines.
In the 2nd Quarter our focus is return on investment. A high-level overview of your prior year financials (balance sheet, income statement, liquidity position, return on equity) is necessary to assess how your business is helping you pursue your personal goals. This high-level overview also gives us metrics to measure business performance and valuation. We also analyze any individual investments within your business to benchmark them to your initial expectations.
In the 3rd Quarter we review the contingency and succession plans for your business. Owning a business comes with risk and planning for that risk ahead of time can help save significant time and money. We model the financial implications of an unforeseen event and review your succession planning timeline. We also work with your attorney to review your buy-sell and shareholder agreements to make sure they remain in line with your goals.
In Quarter 4 we collaborate to make end of year decisions, specifically around cash flow for your business. We also work with your tax professional to project your tax situation and discuss any tax strategies that might be beneficial to you. We take a forward-looking approach to tax planning to stay focused on the long-term efficiency of your plan rather than focusing on just one calendar year. We also review any year-end planning items so that you are turning the calendar from a position of strength.
