Business Legacy Planning Made Easy With DFG Advisors
Business Legacy Planning Made Easy With DFG Advisors
The expertise of a trusted financial advisor is beneficial to anyone facing big life decisions, but their advice becomes an especially helpful resource for business owners. Enter DFG Advisors, a financial solutions partner that helps owners work on their business, since they are often focused on the day-to-day operations, as well as strategically plan for the future.
The DFG team is housed in six locations throughout the Pacific states, and boasts a collaboration of some of the best minds in financial, tax and legal strategy. From the effectiveness of a client’s corporate structure to cash flow analysis, risk management and everything in between, they can help identify concerns, gaps and opportunities within a business’ overall strategy and develop solutions that fit their unique needs and goals.
“We help a lot of the membership transition or come up with a game plan on how to enhance or improve their finances, as well consider an exit planning strategy,” said Chris Brunell, retirement income specialist at DFG Advisors. “One of the trends we’re seeing within the construction industry is not only a general lack of planning, but also that ownership is aging and the younger generation isn’t stepping up to take over the planning. Whether we work with these firms or not, there’s a real need for an educational component on what happens next and how to succeed, from both a business and personal standpoint.”
Common areas of concern for DFG clients include:
• Executive benefits
• Buy-sell strategies
• Key employee retention
• Exit strategies and retirement
• Business succession
• Insurance solutions
“Just like their projects, no two clients are the same,” Brunell said. “To get started, we do what we call a financial needs analysis. We sit down and have a conversation to better understand what the client’s concerns are, then we come back with solutions that address those specific concerns and adjust as needed throughout the process. Similar to how contractors start a project with a blueprint to achieve the goal they desire, this is a financial blueprint for their business.”
A recent report shows only 35% of Americans have a financial planner — and 60% of business owners have never met with one. But these professionals are a great tool to help improve your overall financial picture. They help owners work smarter, not harder, by saving time and money that can be invested back into the company in various ways.
“We provide guidance to create and execute superior solutions for our clients, their families and businesses over a lifetime of changing events,” said Nick Homer, Sr. Vice President. “Too many owners haven’t thought about their own personal planning, and most of their assets are tied up in the business. We help navigate life beyond working in the business and what we can do to create a successful retirement, along with leaving a legacy.”
For help in establishing a legacy plan or other financial strategies as they pertain to your business, schedule a meeting with DFG Advisors.