THE AFTER LIFE - FINANCIAL LIFESTYLE PLANS AND PAINS OF A BUSINESS OWNER AFTER THE SALE OF THEIR BUSINESS
To the external world the sale of a business is the culmination of a lifetime of hard work. But to the business owner, it can be both the happiest day of their life as well as the saddest day.
Once the business is sold, business owners very often lose their identity. They struggle to keep themselves busy and become paralyzed financially not knowing if the sale proceeds will allow them to maintain the standard of living that the business afforded them. They are also unsure if they will be able to gift to their children and give to causes they are passionate about.
Learning Objectives:
In this session, you will learn about:
- What retirement looks like to a business owner in a post sale world
- Wealth planning, long-term financial planning, investment management are all issues that will be introduced and discussed as a business owner begins to define a new financial road map across unknown terrain in a post liquidity event landscape
About the Presenters:
Learn from industry experts, Yelena Vayner, Senior Vice President and Private Wealth Advisor for Capital Group Private Client Services, Pamela Rubin Cohen, Vice President of Philanthropy Services for First Foundation Bank, and Jeff Ruderman, Wealth Strategist for Capital Group Private Client Services.
*Please Note: This meeting is free to attend virtually. If you are attending virtually, please register here through Zoom. If you are attending in-person, please use the button on the right.
Register for our first six meetings of 2023 and receive a one-meeting off discount! Click here for more information.
Thank you to our Sponsors
Event Details
Virtual Location: Zoom
Who Should Attend?
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Business Owners
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Other Business Professionals
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Business Consultants
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Professional Advisors
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Members of Family Business Boards
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Private Business Owners
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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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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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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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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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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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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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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.
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 Jeff Ruderman:
Jeff Ruderman is a wealth strategist for Capital Group Private Client Services. He joined Capital Group in 2011as a senior client relationship specialist, prior to joining Capital Group he spent over five years as an assistant vice president, senior private client associate with Bernstein Global Wealth Management. As a member of the Wealth Advisory Group, Jeff provides advice on various wealth planning topics, specializing in the areas of wealth transfer, charitable planning and working with private business owners.
Jeff earned a BA with Honors in International Finance and Marketing from the University of Miami and also studied International Business at the Hogeschool voor Economische Studies in Amsterdam. He holds a professional designation in personal financial planning from the University of Georgia and is a CFP®.
Meet Yelena Vayner:
Yelena Vayner is a Senior Vice President and Private Wealth Advisor for Capital Group Private Client Services. Yelena works directly with individuals and families to create customized plans for protecting and growing their wealth, often across multiple generations. She also helps nonprofit foundations and endowments pursue their long-term financial objectives through effective planning and investment management.
Prior to joining our organization, Yelena held positions at Wells Fargo Private Bank as a Managing Director, Wealth Advisor and as a Senior Vice President,
Senior Fiduciary Advisory Specialist. Previously, she worked in various capacities at Northern Trust Company and BMO Financial Group in Chicago. Yelena earned a Juris Doctor from Loyola University Chicago School of Law and a Bachelor of Science from Northwestern University. She serves on the boards of Vista Del Mar Child and Family Services as well as the UCLA Division of Geriatrics Board of Advisors.
Pamela Rubin Cohen is Vice President of Philanthropy Services for First Foundation Bank. She oversees the Philanthropy Services Group and is responsible for the administration of charitable foundations and donor advised funds for individual clients, families, and private foundations. Ms. Cohen provides services customized to clients’ philanthropic goals, including legacy planning, creating a charitable mission and focus areas, identifying high impact funding opportunities, governance and succession planning, engaging the next generation, facilitation of board meetings, retreats and site visits, and coordination with legal and tax advisors.
Pamela Cohen has more than 25 years of experience in the nonprofit, philanthropy and education sectors. Prior to joining the firm in 2011, she worked at the Jewish Community Foundation of Los Angeles, the California Community Foundation, and The Walt Disney Company, where she focused on bringing innovation and experiential learning to K-12 education. Pamela began her career in education reform at a Los Angeles-based nonprofit, LEARN, and at a D.C.-based government relations firm. Her experience led her to develop expertise in advising and managing clients in implementing a unique philanthropic strategy aligned with their values. She has served as a consultant to numerous family and private foundations including The Eisner and Jane Wyman foundations.
She is a member of the Los Angeles Advisory Board for Facing History and Ourselves, which provides teacher professional development to promote understanding about identity and belonging. She also serves on the regional and national board of the American Technion Society - Israel Institute of Technology, which advances critical research and technologies that serve Israel and the global good. Ms. Cohen is a graduate of the University of California, Berkeley (B.A., Political Science) and Harvard University (Ed.M., Education Policy and Human Development).
