At some point in a business owners life there comes a time to make the decision to sell the company. We discuss how and when to recognize that this might be the time and to act on it. The best way to understand this is to plan for the eventual sale of a business, understand how much the business might be worth, evaluate whether that amount supplies the assets necessary to complete your retirement plan and start to formulate a spending program for post retirement. It is seriously important to invest carefully, conservatively and with a protection of assets mentality in order to successfully navigate this next chapter in your financial life.
Over the last 25 + years there has been a real change in the way we expect a financial advisor to help us. Years ago we had brokers that helped us trade stocks, had a large sales force, created and sold product and had a long history of depending on a client’s willingness to change. In today’s world your independent registered investment advisor is held to a highest standard of care, does not create or sell product and is able to help you fashion a financial plan that is specifically suited for your needs and wants. This remarkable evolution in asset management allows you to find and work with an independent financial advisor that will find investments that fit your portfolio instead of fitting you into his program.