The Business Owner Succession Strategies (BOSS) Group provides training specifically designed to help business owners recognize the challenges of succession planning and implement appropriate solutions. Our team has experience and expertise in developing business succession strategies for business owners around the country. Waterfront Financial Group is an innovative financial services company that has worked with dealers and franchisees.
Mark Hegstrom, managing partner at Waterfront Financial Group, reviews investment policy statements and asset allocation models, part of a comprehensive financial planning approach that provides a tailor-made investment strategy for each client. He works with small business owners to design strategies for income and capital preservation in retirement.
Call Mark: 952.236.1756
Fred Borstad, managing partner at Waterfront Financial Group, is lead partner in Waterfront’s exit planning practice, and also works with business owners, professionals, and executives in the areas of estate planning, wealth management, and insurance.
Call Fred: 952.236.1751
Ryan Williams, wealth planner at Waterfront Financial Group, specializes in providing comprehensive wealth management services, which include asset management, retirement income planning, risk management, estate preservation, and has extensive knowledge in the various aspects of business planning.
Call Ryan: 952.236.5085
After years spent launching and growing your business, the day will finally arrive when you can sit back and enjoy the fruits of your labor. But, just as starting your business involved hard work and planning, the process of exiting your firm can be a long and challenging process.
If you’re a small business owner, you’ve invested a great deal of time and effort into building your company. With day-to-day demands, it may be difficult to imagine your eventual transition into retirement. Yet, if you want to build personal financial security and ensure business continuation, it is important to plan ahead.
One of the more difficult challenges facing a business owner is the formulation of a viable and economically beneficial exit strategy at retirement. Typically, the main goals of such an exit strategy are: 1) to identify a qualified buyer; and 2) to receive fair compensation for the business, which would, in turn, translate into a desirable retirement income.
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