John and Julie are successful entrepreneurs. They had done some good planning but were focused on growing their business and recognized a need to engage a team to help them organize their personal finances and think through some important decisions. They had a solid idea of their income and expenses, but weren’t sure how to optimize their investments or protect their assets.
John and Julie decided to engage our team in comprehensive financial planning to optimize their financial situation. Here is a partial list of some of the benefits they experienced:
Clarifying Intrinsic Motivations: Through the financial planning process, John and Julie were able to identify their intrinsic motivations for growing their business. Among other things, they realized that their primary goal was not to accumulate wealth, but rather to create a better life for their family. This clarity helped them prioritize their financial goals and make decisions that aligned with their true motivations.
Integrating Lifestyle Goals with Investment Planning: John and Julie were able to integrate their lifestyle goals with their investment planning. They wanted to implement solutions that put them in a better tax situation today and tomorrow, created spaces to accommodate their personal real estate goals, and eventually retire comfortably. By incorporating these goals into their investment plan, John and Julie were able to make informed investment decisions that would support their lifestyle goals.
Protecting Assets with Insurance Planning: As business owners, John and Julie knew that they had more exposure to risk than the average person. Our advisory team helped them assess their risks and identify the right insurance policies to protect their business and personal assets. This gave them peace of mind and allowed them to continue to place focus on growing their business without worrying about the potential financial consequences of a catastrophic event.