Wealth Advisory Services
The Finish Line Plan
The Finish Line Plan is a comprehensive financial plan that includes a tax analysis and a holistic review of your personal financial picture. This combined analysis helps you clearly understand how your business exit affects your personal finances, giving you the confidence and insight needed to navigate your exit and make well-informed decisions.
Charting a Course
You spent years building a successful business, but how much time have you spent creating a personalized wealth plan that protects its value? Generational Wealth Advisors works with you to maximize your after-tax sale proceeds and design a clear plan that defines your goals and protects your wealth.
What is the process for completing a plan?
Your Finish Line Plan requires focus and a time commitment, but the valuable insights gained are critical to planning for your future. The onboarding process usually involves completing a detailed questionnaire, providing documents related to your assets and liabilities and having meetings with a CERTIFIED FINANCIAL PLANNER™ (CFP®) and with a tax professional affiliate. The timeline can vary, but our goal is to thoroughly understand your situation.
Phase 1: Understand Your Starting Point
We begin by thoroughly evaluating your current net worth and financial picture to understand where you are today and ensure your wealth is appropriately protected.
Phase 2: Clarify What Matters Most
Next, we identify your immediate and long-term goals for yourself and your loved ones, creating a clear picture of what you want your future to look like.
Phase 3: Analyze Opportunities and Gaps
We analyze how your current position aligns with your goals and work with a tax professional to review potential tax savings. If gaps are identified, we outline where adjustments may be needed.
Phase 4: Create an Actionable Path Forward
Finally, we develop practical, actionable steps designed to help realign your plan and keep you on track—so you can move forward with confidence toward the future you envision.
Through relationships with independent tax and estate-planning attorneys, clients may be introduced to planning options related to a potential business sale. The Tax Analysis Report helps show how different sale scenarios may affect personal finances, including potential state and federal tax impacts. Attorneys may then discuss strategies designed to help manage those taxes.
There are two general ways to approach financial planning; Cash Flow Planning and Goals-based Planning.
Cash Flow Planning
This process takes into account your current assets, how they will grow, and gives you a predicted amount of future cash flow. You then model your future lifestyle based on how much money you will likely have.
Goals-based Planning
This process focuses on outlining a clear picture of what your financial goals are. These goals are ranked by priority and given an estimated cost. Your assets are then used to fund these goals in order of importance.
We primarily use a goals-based approach. We want the focus to be on what you ultimately want to have. This allows us to set clear action items to help you achieve your stated goals. Cash flow planning is worked into our process, as we evaluate the money needed to fund your goals, but the focus is always going to be on what you want to achieve.
Award-Winning Wealth Management
Since 2010, our firm and its members have received recognition by various regional and national media. These awards are determined by a third party and in some cases by our peers in the finance industry. Additionally, we contribute as expert sources and writers in various areas of finance such as investment management and financial planning. Our firm’s members’ articles and quotes have appeared in publications such as Financial Planning magazine, USA Today, NASDAQ, and local news media.
