For business owners, a partnership with Hunt Valley Wealth can help maximize your financial potential and leave your unique mark on the world.
As a business owner, it’s likely that time is a precious resource. Between the demands of leading an enterprise, home life, and giving back to the community, it can be challenging to manage your personal finances, in addition to that of your business.
We work with business owners to maximize the value of their business to their personal wealth. And when we do that, we help people leave a lasting and unique mark on the world.
The owner of a manufacturing company came to us because he was looking for someone to manage the moving pieces of his personal life.
After getting to know him, his wife, and their financial life, it became apparent that we could do more than just help him manage cash flows and investment accounts. Over the course of several months, we worked together to prepare their financial life for the sale of the business in such a way that minimized his tax liability. In doing so, more wealth was retained that could go toward the couple’s philanthropic and giving priorities.
How We Helped
- Developed a comprehensive financial plan that addressed the couple’s near-term cash flow needs today as well as their longer-term objectives
- Helped the owner establish a cash balance plan to accelerate retirement during his working years
- Established an intentionally defective grantor trust that purchased a portion of the business from the couple in exchange for a note. When the business was sold several years later, the trust paid back this note to the couple, allowing a portion of the transaction to occur outside of the couple’s taxable estate
- Developed an investment strategy that helped keep the family’s wealth growing into their retirement years
Ready for a personalized approach to wealth management?
Speak with a Hunt Valley Wealth Advisor