The Road Ahead: Planning for Income & Time Management

CONEJO VALLEY CHAPTER EVENT

The Road Ahead: Planning for Income & Time Management


Discuss two important planning topics after a business sale: 1) income replacement in zero interest rate environment, 2) emotional impact of transitioning from time poor to time rich. The first topic is around financial planning strategies to replace income from their business with lump-sum payouts. Second topic is discussing how they will spend their time after business sale, since often their time is defined by their business. Both of these topics affect virtually every business-seller.

*PLEASE NOTE: This meeting will utilize the Zoom Breakout Rooms feature. After registering for the event, you will receive a Zoom Link and Password from MemberExperience@beyondcepa.com.  Please ensure you save this to your calendar to access the meeting.  If you do not receive a confirmation e-mail within 15 minutes, please look in your Spam and Clutter mailboxes.

 

Learning Objectives:

Equip advisors/practitioners with high level tools to discuss both of these topics, language matters! Case studies will be provided, along with talking points & best practices. Income replacement strategies can include fixed income, dividends, real estate income, capital growth, part-time consulting fees, board member positions, etc. and mindful spending. In concert with financial strategy, lifestyle choices include regiment health routine, right-size lifestyle risks, overspending, becoming “family bank”, philanthropic activities, etc. These are topics that all advisors should be aware of as we council clients through a business transition.

 

About the Presenter:

Learn from industry expert Dennis Clapp, CFP®, Executive Director, J.P. Morgan Los Angeles Private Bank

Meet the Presenter

 

Thank You to Our Sponsors:

Esther Hopkins
Heritage LACG
Singer Lewak Morton Capital

EXIT PLANNING IS GOOD BUSINESS STRATEGY

The EPI Local Chapter is different than other groups because it brings together a diverse group of professionals from a wide range of specialties that can naturally work collaboratively on exit planning, succession planning, value growth, transaction or any engagement from both sides of the equation. The chapter meets regularly to network, reconnect, grow knowledge, and sharpen their skills with a common goal: Change the outcome for transitioning business owners. Make plans to join us for future events and connect with the local leadership by visiting www.EPIConejoValley.org.

About the Presenter


Dennis Clapp, CFP®

Dennis Clapp, CFP®

Executive Director, J.P. Morgan Los Angeles Private Bank

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 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. He began his finance career as an intern with UBS PaineWebber. He is Past-President of Toastmasters Club #2847612 and current board member of the Woodland Hills Tax & Estate Planning Council.

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 CERTIFIED FINANCIAL PLANNER™ designation.

Dennis is an avid offshore sailor, skier/snowboarder, and scuba diver


Continuing Education


This meeting qualifies for the following continuing education credits:

One (1) CPE hour (pending approval)

One (1) CFP hour (pending approval)

One (1) CEPA credit (pending approval)

NOTE: Proper documentation must be collected and submitted to qualify for continuing education. For questions regarding awarded continuing education credits, please contact the Exit Planning Institute (EPI).