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!
Integrating Life, P&C and Disability Insurance with Your Overall Financial Plan
Insurance is a critical component of a well-rounded financial plan. Life, property and casualty (P&C), and disability insurance each serve distinct purposes, protecting different aspects of your financial health.
Facilitating Open Communication: Financial Advisors and Family Wealth Transfer Meetings
Facilitating open communication about wealth transfer is vital to ensure the longevity and harmony of family wealth. Here’s how you can work with your financial advisor to foster transparent discussions and build trust among family members.
A Recent Amendment to Supplemental Security Income Regulations Will Help the Disability Community
The Social Security Administration (SSA) recently amended its Supplemental Security Income (SSI) regulations. This federal program provides financial assistance to elderly, blind, and disabled individuals with limited income and resources.
If opportunity doesn’t
knock, build a door.
