Business Owners
As a business owner or executive, you have unique financial needs.
You need a financial advisor with the experience and qualifications to provide sound advice.
You are confronted with many issues, which often include:
Managing your
portfolio
Cash flow
(for both your business and
personal needs)
Tax strategy
Partnership
issues
Insurance issues
Establishing
a retirement plan
Exit strategies
Retirement planning
....and many more.
But the real issue is often a lack of time. Time spent on dealing with complex financial issues (which are often not within your core expertise) is time not spent on growing your business or professional practice. Let us relieve that burden from you; this is our area of expertise.
Retirement Plan Sponsors
Retirement plan sponsors have an enormous responsibility when providing a 401(k) plan to employees. The current litigious environment makes this responsibility even more daunting.
When you retain us as your financial advisor in a participant directed plan, you get the benefits of our membership in Buckingham Strategic Partners. As of June 30, 2022, Buckingham had $3.16 billion of discretionary regulatory assets under management and $13.87 billion of non-discretionary regulatory assets under management.
Buckingham provides administrative, back-office and retirement plan services to $17.74billion of assets managed or advised by the independent firms that hire Buckingham for its services. In the aggregate, the total number of assets under management or administration was $34.77 billion.
Buckingham acts as an ERISA §3(38) advisor the Plans that retain our services. As such, it takes discretion, authority and control of your plan assets. Buckingham assumes legal responsibility (and liability) for all decisions concerning the selection, monitoring and replacing of investments in your Plan.
As the plan sponsor, you remain responsible for prudently selecting a 3(38) ERISA investment manager and are required to monitor and benchmark this manager.
We act as 3(21) advisors to your Plan. We acknowledge our fiduciary status in writing. We monitor Buckingham (or any other Investment Manager) to ensure all responsibilities are being met. We monitor the performance of other vendors to the Plan.
We review and discuss investment reports and provide ongoing customized support to your employees as well as to your retirement plan committee to help you address your ongoing responsibilities as a plan sponsor.
Our goal is to partner with you to provide your participants with personalized advice and professionally designed portfolios, while safeguarding your own interests.
Through our affiliation with Buckingham, our work with plan sponsors offers these benefits:
Learn more from our blog!
Business Exit Strategies on Your Terms
If you’re a business owner, you’ll eventually step away from the company you’ve built. You might cash out to the highest bidder or work out a deal to sell the business to the next generation of your family or even to employees. The question is will you be able to make this transition on your own terms? The reality is that most business owners don’t have a clear, documented exit plan. And if you find yourself among them, you could find it leaves you in a tight spot when it’s time for you to step down.
Client Question: What Should I Do With an Inherited IRA?
Inheritances come in all shapes and sizes, whether an heirloom left to you by a loved one or a life-changing financial windfall. Regardless of the form it takes, figuring out what to do next can be a crucial question. This is especially true with inherited IRAs, which can be very well funded, but also come with very specific and complicated rules you must follow to unlock the assets within them. This guide will walk you through the basics of what to do. From there, we can review your personal situation together to help ensure you don’t overlook anything important.
What is the Fed and What Does it Do?
The U.S. Federal Reserve System, also known as the “Fed,” has become an ever-present subject of news and financial media headlines for much of the 2020s and various times throughout history. And with 2025 seeing more acute coverage of the Fed, we thought it apt to provide some relevant facts and historical context for how the Fed came to be and its purpose.
If opportunity doesn’t
knock, build a door.
