This panel will focus on personal financial planning for the owner/family using two case studies highlighting asset diversification, real estate transitioning, and income replacement. We will highlight best practices building & partnering with the deal team to maximize both capital preservation and tax efficiency.
Learning Objectives:
- Plan how money/assets flow to the family
- Appropriate asset allocation post-close:
- right-size risk
- use of leverage
- How to plan for Lifestyle & Legacy goals
About the Presenters:
Hear from industry experts Robert Baker, Dennis Clapp and Daniel Ruben
Event Details
Who Should Attend?
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Attorneys
You have close relationships with clients, and can benefit from being the first advisor to introduce the idea of exit planning.
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CPAs/Accountants
Owners participating in the State of Owner Readiness research continue to indicate that you are the No. 1 "Most Trusted Advisor." You are a natural fit to lead the exit planning team and deepen your relationship (and retention) of next generation owners.
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Wealth Managers
You’re a skilled relationship person. Being entangled into your clients’ professional lives matters as you build a strategy to manage their wealth upon them harvesting it from their business. Exit planning allows you to build a deeper relationship with your client, expands your COI network, while giving you an early seat at table well before the liquidity event.
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Financial Advisors
One of the critical ‘legs of the stool’ is personal financing planning. An owner must have a strong financial plan & contingency plan post-transition to enable them to thrive in the next act of the lives personally and financially. Exit planning brings this future mindset into the present. Exit is now.
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Valuation Analysts
Valuation is both a billable engagement AND an opportunity to provide owners some perspective on how to accelerate value drivers (and deal with value killers). Use exit planning to make that valuation into a longer term value acceleration engagement.
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Investment Bankers
Only 2 of every 10 businesses that come to market actually sell. Learn how exit planning can bring attractive AND ready business to your purview.
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Estate Planners
Exit planning is a natural fit for estate planners who want to operate more holistically with their owner clients.
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Strategic Consultants
One of the most critical roles in exit planning is building transferable value. Strategic consultants have the ability to expand options and drive rapid business value that affect performance today.
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Insurance Professionals
Exit planning addresses the 5 D's. So do you. Approach the risk conversation differently with exit planning.
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Mergers & Acquisition Advisors
Proper exit planning causes less deals to fall through at the last minute. Connect with CEPAs to build your healthy deal flow network.
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Commercial Lenders
One of the best relationships a business owner makes is with their banker. How can you help your corporate clients think about the future and ensure financial continuity? Answer: exit planning.
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Family Business Advisors
More than 50% of lower middle market business owners would prefer to transition to the next generation. Help them succeed with exit planning strategies.
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Other Professional Advisors
Regardless of your unique specialty, there is seat at the exit planning table for you. Learn more at www.EarnCEPA.com.
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Private Business Owners
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Members of Family Business Boards
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Professional Advisors
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Business Consultants
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Other Business Professionals
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Business Owners
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Business Owners & Their Trusted Advisors
EXIT PLANNING IS GOOD BUSINESS STRATEGY
The Exit Planning Institute, provides Financial Advisors, Accountants, Consultants, and other advisors of business owners with the critical education to differentiate themselves and add value to their existing client relationships through a credential, conference, courses, and content. Download the CEPA brochure for more information.
ABOUT THE PRESENTERS
Meet Dennis Clapp, CFP®:
Dennis Clapp is an Executive Director with J.P. Morgan Private Bank in Los Angeles. He specializes in working with institutions and high net worth families to build and preserve assets by leveraging J.P. Morgan’s global platform. Dennis has over 15 years’ experience, having previously served as a Sr. Vice President with U.S. Trust, Bank of America Wealth Management and as Vice President with Wells Fargo Private Bank.
Board memberships have included: ACG101, Woodland Hills Tax & Estate Planning Council, Toastmasters Club #2847612, and Exit Planning Institute (Conejo Valley Chapter). Dennis earned his MBA in Finance and BA in Marketing, both from Loyola Marymount University. He completed his Certificate in Financial Planning from Boston University and holds the CFP™ designation.
Dennis is an avid offshore sailor, skier/snowboarder, and scuba diver.
Meet Robert Baker:
Robert Baker’s primary focus includes working with entrepreneurs and business owners to develop strategies across a wide range of areas including employee stock options, business retirement plans, estate and legacy planning, turnaround management and strategic business restructuring.
Meet Dan Ruben:
Dan Ruben focuses on business owners who own the real estate where they work, or other investment real estate which they wish to sell. He helps facilitate a tax-deferred (1031) exchange into passive real estate investments. Dan is a physician who had previously built and successfully sold a professional services business and currently enjoys working with business owners selling their business to propel them towards their personal goals and aspirations.