KEY TAKEAWAYS:
- As a business owner, you can benefit from a comprehensive financial planning approach that aligns your personal and business wealth--helping you make more strategic decisions across every stage of your company’s lifecycle.
- By planning proactively in areas such as business succession, retirement plans, risk management, cash management, and tax strategy, you can help protect the value of your business, support employees, and prepare for a smoother transition when the time comes.
- With tailored solutions for retirement income, lending, estate planning, and wealth transfer, you can strengthen your financial foundation today while building a lasting legacy for the future.
As a business owner, you have a uniquely complex set of needs, circumstances, and concerns when it comes to managing your complete financial picture. At Janney, we can offer the resources, knowledge, and experience to help align your personal and business wealth through a comprehensive financial planning approach, including strategies and solutions for business succession planning, executive compensation, business retirement plans, business optimization, and more.
Business Succession Planning
You work hard to build your business, but have you considered what will happen when you’re ready to move on? Will you keep the business in the family? Transition to a business partner(s)? Sell the business?
We can help you develop a comprehensive business continuity and/or business succession plan, including a thoughtful exit strategy, to support a smooth transition of ownership and help protect your financial future.
Business Retirement Plans
A comprehensive retirement plan can be key to attracting and retaining talent for your business. We offer customized solutions, practical insight, and access to valuable tools and resources. Our team provides access to a full range of quality recordkeeping platforms and investment solutions and can help you select the plan most appropriate for your and your employees’ needs, including:
- 401(k) Plans
- 403(b) Plans
- Profit-Sharing Plans (Traditional or New Comparability)
- Defined Benefit Plans (Traditional or Cash Balance)
- Simplified Employee Pension (SEP) IRAs
- SIMPLE IRAs
Risk Management
Without sufficient protections in place, all that you’ve worked for may be at risk. We can help identify, customize, and implement insurance solutions for you and your business, including:
- Fully Funded Buy-Sell Agreements
- Key Person Insurance
- Disability Insurance
- Life Insurance
Cash Management
We have the resources and knowledge to better integrate your banking and investments and can help identify customized strategies designed to optimize cash flow and income, maximize tax efficiency, and address borrowing needs. Whether that means leveraging your portfolio, obtaining residential or commercial real estate loans, or accessing unsecured lending, some of the solutions we offer to help you use your wealth more efficiently include:
- Institutional Money Market Funds
- Cash Sweep Program (FDIC insured up to $2.5M or $5M, based on account type)
- Custom Bond Ladders and Portfolios
- Access to New Issue Municipal and Corporate Bonds
Tax Planning and Mitigation Strategies
Tax planning is fundamental to running a successful business. Wherever your business is in its lifecycle, we can help you protect its value—now and as you plan for the future. You can explore income and estate tax planning strategies to:
- Understand the tax implications of the sale of your business
- Evaluate the tax implications of transitioning the business to a family member through a gift, sale, or a combination of both, including:
o The use of discounts and multi-generational planning strategies
o Effective governance strategies
- Outline and execute the steps needed to prepare for selling your business to an outside buyer
- Ensure you have a plan in place in case of an unexpected loss of a business owner or key person
Comprehensive Financial Planning
As a business owner, you’re pulled in many directions. We’re here to bring your complete financial picture into focus—both personal and professional—and help those elements work together to support your needs and goals.
Not only can we help you explore ways to bolster your annual tax-deferred retirement savings, but we’ll also help you put a plan in place with the intent to generate tax-efficient retirement income and strategically leverage other assets to help you grow your business and personal wealth.
We’ll also partner with you to establish a meaningful legacy through a thorough estate plan, ensuring a tax-efficient wealth transfer to future generations while supporting any philanthropic causes close to your heart.
Working With Janney
Depending on your financial needs and personal preferences, you may opt to engage in a brokerage relationship, an advisory relationship or a combination of both. Each time you open an account, we will make recommendations on which type of relationship is in your best interest based on the information you provide when you complete or update your client profile.
If you engage in a brokerage relationship, you will buy and sell securities on a transaction basis and pay a commission for these services. Our recommendations for the purchase and sale of securities will be based on what is in your best interest and reflect reasonably available alternatives at that time.
If you engage in an advisory relationship, you will pay an asset-based fee, which encompasses, among other things, a defined investment strategy, ongoing monitoring, and performance reporting. Your Financial Advisor will serve in a fiduciary capacity for your advisory relationships.
For more information about Janney, please see Janney’s Relationship Summary (Form CRS) on www.janney.com/crs which details all material facts about the scope and terms of our relationship with you and any potential conflicts of interest.
By establishing a relationship with us, we can build a tailored financial plan and make recommendations about solutions that are aligned with your best interest and unique needs, goals, and preferences.
Contact us today to discuss how we can put a plan in place designed to help you reach your financial goals.
Janney Montgomery Scott LLC, its affiliates, and its employees are not in the business of providing tax, regulatory, accounting, or legal advice. These materials and any tax-related statements are not intended or written to be used, and cannot be used or relied upon, by any taxpayer for the purpose of avoiding tax penalties. Any such taxpayer should seek advice based on the taxpayer’s particular circumstances from an independent tax advisor.
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