Wealth Management for Business is a complex process of Personal Wealth Management happening concurrently with Business Wealth Management. We feel that Business Wealth Management cannot happen without the personal side as both drive toward the same goal: your overall financial outcome.
The Business Wealth Management Process
The process of Wealth Management for businesses is a complicated process that weaves together the owner's personal financial planning with the growth strategies on the business side. Building and planning both these aspects as you can imagine is a lengthy and complicated process. In an effort to illustrate this concept we have broken it down the planning process into four major parts: pre-management for the owner, pre-management for the business, the management process for the owner, and the management process for the business. Aspects of all four might happen in tandem or completely different times.
The Pre-Management Process
Because there are so many processes that will be happening in the Business Wealth Management process, the pre-management will have many more steps than our other wealth management process. Before any management begins, certain pre-management processes need to be taken in order to determine what you are looking to accomplish, set expectations, gather data, determine goals, and start building your accounts... for both the personal side AND business side. Our pre-management process is:
The Management Process
After all this preliminary work is complete, the professionals at Heritage take over and start driving.
The management of both the business and personal strategies will be both happening at the same time, but working independently at different paces using different strategies. As milestones and outcomes are met changes will be made ultimately driving toward the same end goal: a complete, whole-life financial growth system.
Just one of the many ways we feel your trust is gained is by being 100% transparent about the fee structures. Click to learn about our Wealth Management fee structure.
If you are ready to discuss the details of how Heritage Investors will manage the financial strategy of both your personal and business, schedule a meeting with one of our team members.