Some financial planners use the term “holistic planning”. It’s meant to indicate that they consider the client’s short-term and long-term life goals and how the client visualizes their future. Holistic Wealth Planning is continuous and considers multiple aspects of a client’s life objectives. The Valuation Reality Gap Only one of those aspects is ownership of… Continue reading What is “Holistic” Planning?
In spite of severe polarization on so many issues, there is at least one thing that most Americans agree on across the entire political spectrum. That is: At some point in the past sixty years, or so, something major went wrong with the US economy and it is still causing problems today. What are those… Continue reading Symptoms or Causes
I have found some valuable things that propel me and others toward their own definitions of success. 1. Clarify Your Goals We often don’t spend enough time thinking about what we’re trying to accomplish and where we hope it will take us. We trail along with the crowd and follow the same playbook that everyone… Continue reading 6 Tools for Initiating and Sustaining Success
With the help of her Exit Planning Advisor, Sarah has decided that selling to a third-party buyer would best accomplish all of her goals (financial, values-based, legacy). Quantifying her business and personal resources with a financial gap analysis has been helpful to Sarah in determining her departure date in six years. She now knows the current… Continue reading Strategic Exit Planning: Deal Momentum, Deal Fatigue, and Pre-Sale Due Diligence
How will the transition change my day-to-day life? Owner-operators know a transaction will change their daily routines, but the change can take a variety of forms. If the transaction involves a passive investor or partnering with a family office, their daily activities may remain largely unchanged. However, a strategic acquirer or financial investor might bring… Continue reading Four Questions Business Owners Should Ask Themselves Before a Liquidity Event
FPA Owner Transitions 