Financial Advisors for Business Owners
Business-specific planning for your most treasured financial asset.
Your business is your legacy. Are you doing everything to help ensure that legacy lasts?
or give us a call:
708.479.7755
Business Financial Planning differs from Personal Financial Planning
If you own a small business, it’s possible that you have been trying to solve the following problems:
- “I want to put as much as I can away for retirement while saving on taxes along the way. Which company retirement plan best fits my needs?”
- “I have some key employees that would be hard to replace if they left or if something happened to them. How do I incentivize them to stay and how can I mitigate a financial loss if they die?”
- “Some of my kids are interested in taking over the business. How can I transfer the business to them without getting killed on taxes?”
- “My cash flow is seasonal and I’m not sure how debt fits into my company’s financial plan. How do I get a handle on this?”
How We Advise Business Owners With Our Plank-by-Plank Process™
Our firm’s president focused on his experience as a business owner to develop a service model that focuses on these main areas:
Company Retirement Plans
Our advisors work to gain an understanding of your company’s cash flow and coordinate with your accountant to implement and administer a retirement plan that fits your company’s needs (401(k), defined benefit, cash balance, etc.)
Business Insurance Needs
Our advisors work with third-party insurance professionals to explore your company’s needs for group health plans, key-person insurance, and buy-sell insurance agreements to protect your company’s value.
Business Continuity and Estate Plan
Our advisors have proactive conversations with your corporate attorneys and family members to map out a company transition that is both seamless and tax-efficient.
Cybersecurity
Our advisors can connect with you the proper third parties that will ensure that your firm’s data and reputation are protected from bad actors.
Featured Services For Business Owners
Estate Planning
We work closely with attorneys before your death to properly title your assets and after your death to transfer those assets efficiently to your family.
Tax Planning
We proactively provide your accountant with items they need for tax preparation but more importantly, use technology to help enhance your tax planning.
Insurance
We work with the insurance professionals in our network to cover the entire spectrum of your insurance needs.
Cybersecurity
You’ve spent a lifetime building your wealth, but in today’s world protecting that wealth has become equally important.
“Tim McCabe and his team have been invaluable advisors for our small business and now 3 generations of family. Over the years they have consistently provided helpful recommendations for setting up retirement accounts, life insurance, 529 college plans, and minor Utma accounts. One of the most significant recommendations was making us aware of profit sharing and pension plans. All these recommendations have allowed for building financial freedom of generational wealth as we have moved into retirement.”
Morgan and Jill C.
This testimonial was given by a client of the financial advisor and no compensation was provided directly or indirectly. This testimonial is not a guarantee of future performance or investment success, and the testimonial may not be representative of the experience of other customers. Please visit BrokerCheck (https://brokercheck.finra.org) to see more on the background of this professional. Investors should consider the investment objectives, risks, charges and expenses associated with municipal fund securities before investing. This information is found in the issuer’s official statement and should be read carefully before investing. Investors should also consider whether the investor’s or beneficiary’s home state offers any state tax or other benefits available only from that state’s 529 Plan. Any state-based benefit should be one of many appropriately weighted factors in making an investment decision. The investor should consult their financial or tax advisor before investment in any state’s 529.
Is Your Business Local or National? Our Process is Designed to Handle Both.
We know that trust is earned over time. Schedule a meeting with our advisors so that they can get a feel for your business before starting a relationship. We also know that business owners may have multiple offices all over the country. Our virtual business model allows us to work with you wherever you are in the US.
The McCabe Difference
We connect with your other professionals and lead discussions to make sure your tax, estate, and insurance plan are all working together.
Our company educates, implements, and helps administer company retirement plans for business owners.
We develop a specific financial plan for your business while keeping in mind your personal financial plan.
We know that business owners also want their employees to get sound financial advice. We are happy to talk to them.
We have over 40 years experience in this industry helping hundreds of clients.
Schedule A Meeting
Schedule a meeting with our advisors by using our Second Opinion Service, our advisors’ Calendly links, or simply call our office main line.
Meet With Your Advisor
Meet with your designated advisor virtually or in-person to get to know each other and the rest of your family. Many times, a follow-up meeting will be beneficial so you know the value that will be provided before you become a client of the firm.
Complete Our Onboarding Process
Assuming you and the advisor see the potential for a long-term relationship, our staff will guide you through our onboarding process to set up accounts with our custodian and join our portfolio monitoring system, Black Diamond.
Frequently Asked Questions
How do you charge for your services?
Our firm charges an Asset Under Management (AUM) fee that is calculated as a percentage of the overall assets that are invested.
How often do we meet?
We know that every business owner’s schedule is different. We cater our service model around your preference. However, we typically meet with business owners 2-4 times a year.
Why is planning for my business its own specialty?
Tax law, estate planning, and problems for business owners are simply different from the ones for the Average Joe. Similar to seeing a specialist for a health procedure, business owners need someone who knows the problems business owners face