.png?width=793&name=EPI-logo_transparent-background%20(1).png "EPI-logo_transparent-background (1)"){kind=logo}
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 Presenter:
Learn from industry expert, John Benun, 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
.png)
Event Details
Virtual Location: Zoom
Who Should Attend?
-
Business Owners
-
Other Business Professionals
-
Business Consultants
-
Professional Advisors
-
Members of Family Business Boards
-
Private Business Owners
-
Estate Planners
Exit planning is a natural fit for estate planners who want to operate more holistically with their owner clients.
-
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.
-
Insurance Professionals
Exit planning addresses the 5 D's. So do you. Approach the risk conversation differently with exit planning.
-
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.
-
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.
-
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.
-
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.
-
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.
-
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.
-
Attorneys
You have close relationships with clients, and can benefit from being the first advisor to introduce the idea of exit planning.
-
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.
-
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.
-
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.
Meet John Benun:
John Benun is Senior Vice President Private Wealth Advisor with Capital Group Private Client Services. John works with business owners as they prepare to sell their companies. Their businesses may have defined their lives for so long that the transition can leave them feeling vulnerable or uneasy. I work with clients to develop a financial road map that can help them achieve clarity and pursue the next chapter in their lives, whether it’s retirement or a new venture, with optimism and confidence.
John involves multiple generations in the planning process, educating children and even grandchildren about the responsibilities that come with wealth and guiding the entire family in how to think about their financial future. John’s goal is to help clients feel secure and free them up to focus on what’s most important to them throughout their lives.
Previously, John was Senior Vice Present and Private Client Advisor with U.S. Trust, Vice President and Market Manager with BNY Mellon Wealth Management, Vice President and Alternative Investment Specialist with Morgan Stanley and Senior Vice President and Regional Sales Manager of Northern Trust.