When your name is on the door, your business and personal financial goals are inextricably linked. PPW helps entrepreneurs and their families navigate the complex financial issues that can affect their business and their personal net worth.
Entrepreneurs and executives face specific financial challenges that we understand:
Your primary focus is growing sales and reducing expenses such as interest and taxes.
Your wealth is concentrated in illiquid assets such as your business and commercial real estate.
You often lack the time to organize your financial life, create a wealth transfer strategy, acquire key-man insurance or coordinate for retirement and business succession.
The liquid assets you have accumulated are your emergency nest egg; you prefer to keep them in conservative investments until you have a liquidity event.
Every day you take risks and invest all your energy to grow your business. Our team supports your focus on the business while we help you manage your investments and assist in taking care of your individual financial needs. Whether you are still growing your business or preparing to sell it and retire, we can help you take important steps toward your financial goals.
Reducing your costs
Leveraging our access to high-quality lending sources, we look for opportunities to lower your interest costs by refinancing debt. We also seek ways to reduce foreign exchange conversion fees and insurance premiums. And if appropriate, we can help you redesign your company’s 401(k) plan to better align your benefits to your corporate structure.
Growing your revenue
With our extensive access to banking and lending services, we can position your business for growth through acquisition financing, capital expenditure financing, working capital loans and equipment leases. We can also guide you in restructuring your sales compensation with the goal of incentivizing your sales force. We even have the resources to introduce you to potential new markets and suppliers for your business.
Protecting your profits
We can recommend ways to turbocharge your company’s 401(k) plan to maximize your retirement income. We’ll also show you how to take advantage of R&D and Empowerment Zone tax credits. And we’ll discuss with you the tax deductions and additional income that may be available to you when you own your corporate building instead of leasing space.
The last thing you want to do is put your most valuable asset at undue risk. To protect your business, we offer strategies for risk management, including: hedging commodity, currency and interest rate risk, managing concentrated exposure, restructuring your corporate organizational chart and improving your insurance coverage with protection that includes key-man life insurance.
Being prudent stewards for your employees
As business owners we know the importance of showing people that you care because when your staff feels safe and appreciated, their loyalty can become unconditional. Our team is here to help you help your employees get closer to their own personal goals like being able to retire and protect their immediate families. We become your on-the-ground partners working to make sure that your family business takes care of its employees like family, so that they remain loyal, engaged and productive.