Business owners wealth management
Tailored Wealth Strategies for Business Owners
As a business owner, managing your personal wealth and ensuring financial security requires strategic planning and guidance. It doesn’t matter what your financial position is, or how big your business is, everyone needs money advice.
We work with business owners and their professionals such as their accountant, to provide personalised financial advice. This advice recognises where they are at in their wealth creation journey. We also understand the complexities and challenges of running a business while trying to manage personal finances. And we are here to help you navigate through an area that can initial look simple, but is often filled with complexities and nuances. Our goal in working with you is to maximize your financial potential.
Whether you’re just starting your business, expanding it, or planning for succession and retirement, we can help you create and implement a comprehensive financial advice package.
Intergenerational Wealth Management
Intergenerational Wealth Management is the process of preserving, managing, and passing down personal and business assets to future generations. It involves creating a plan that not only focuses on building wealth but also ensures the smooth transfer of assets for the benefit of your family. It sometimes also called succession planning.
We have experience in helping business owners create intergenerational wealth management plans that align with their financial goals and values.
The early stages will start with a discussion and then are likely to progress to a Statement of Advice. This Statement of Advice will provide a written starting point that allows you to capture your thoughts at the time. Then, its normal to start working with your wider team including your accountant.
From there we are able to refine and work towards a finance statement of financial advice that fulfills the needs of you, your spouse, your children and sometimes multiple generations. Our advice normally covers formal financial investment advice including management of kiwisaver. But it may also make recommendations to engage with the appropriate professional individuals where we believe that tax planning, risk management, Kiwisaver advice, estate planning maybe required.
The core purpose of intergenerational Wealth Management is to ensure that your wealth endures for generations through tax efficiency, protecting assets from risks, and maximizing its growth potential. We work with you to develop a solid plan that addresses your unique needs and ensures the long-term financial well-being of your family business.
Why Business Owners Need Financial Management?
Managing personal finances, different investments, and staying focused on the business can be overwhelming for many entrepreneurs. Most business owners also recognise that that performance lies in being good at 1 thing versus generalising in many things.
Business owners may not have the necessary expertise or time to manage their wealth while running their business effectively. Our business owners’ wealth management services can provide valuable support and guidance.
We can work with you to simplify complex financial matters by providing insight into your financial position and where you want to go with it. This helps you make informed financial decisions and lets you focus on growing your business without worrying about personal finances.
How Our Services Can Help Business Owners?
Our wealth management services for business owners are designed to help you achieve your long-term financial goals and protect your personal wealth. Here’s how we can help;
Financial Assessment
Our team analyzes your financial status, considering both personal and business assets to provide a holistic view. We consider your assets, liabilities, profit and loss, and cash flow, otherwise known as your Statement of Financial Position. Our investment advice will be then tailored to this fit position to enhance your wealth while supporting tangible, long-term growth. This reassures you of a solid financial foundation.
Asset Allocation
We structure your investment portfolio by distributing assets across various sectors and markets. This diversification seeks to maximise returns and limit risk that can occur through concentration risk. Asset values do go up and down and we want to ensure that is both protected as much as it can be while growing. Our guidance in asset allocation instills confidence and enables you to sustain financial stability through market fluctuations.
Retirement Planning
Our Financial Advise is generally focused towards ensuring you maintain your desired lifestyle even after retiring from business operations. By evaluating your retirement needs and income projections, our advice focuses on securing your future. This process provides a reassuring pathway to living as comfortably and financially secure as we can at retirement.
Succession Planning
As a business owner, it is important to consider your company's future and who will take over after you. Our team can assist you in discussions to develop a comprehensive succession plan that considers factors such as family dynamics, business structure, and estate planning. We work closely with legal and financial experts to formulate a plan with the view to ensuring a smooth transition and protection of your wealth.
