{"id":3784,"date":"2024-05-20T20:32:16","date_gmt":"2024-05-21T03:32:16","guid":{"rendered":"https:\/\/wealthchoice.com\/staging\/2629\/?p=3784"},"modified":"2024-06-07T07:54:34","modified_gmt":"2024-06-07T14:54:34","slug":"business-executives-leaders-case-study","status":"publish","type":"post","link":"https:\/\/wealthchoice.com\/staging\/2629\/business-executives-leaders-case-study\/","title":{"rendered":"Who We Work With: Business Executives &#038; Leaders"},"content":{"rendered":"<p><span style=\"font-weight: 400;\">In our last case study share, we talked about how the WealthChoice team serves breadwinning women, and addresses their unique financial concerns, challenges, and pain points. Today, we\u2019ll dig into how we partner up with business executives and leaders \u2013 from the multitude of questions they\u2019re juggling in the present to helping them plan for a fabulous financial future.<\/span><\/p>\n<h2><span style=\"font-weight: 400;\">Business Executives &amp; Founders | Case Study J<\/span><\/h2>\n<p><span style=\"font-weight: 400;\">J is the CEO of a mid-sized, profitable, and privately held company. She is in her mid-50s and married. J is the breadwinner of her family with grown children and a retired husband.<\/span><\/p>\n<h3><span style=\"font-weight: 400;\">What She Needed:<\/span><\/h3>\n<p><span style=\"font-weight: 400;\">J had no idea if they were financially on track. As a busy CEO, she was too occupied to manage her personal finances. She didn&#8217;t have a relationship with the broker her husband had been working with and lacked clarity about their overall financial situation or how they were invested. Here were her questions:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">J wanted to know if they were financially okay.\u00a0<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">She was considering selling her company \u2013 but didn\u2019t know how or what to sell it for.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">J craved clarity around their finances and a plan to continue their quality of life.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">She wanted a partner and guide she could trust to have her best interests at heart &#8211; someone relatable who understood what she was going through.<\/span><\/li>\n<\/ul>\n<h3><span style=\"font-weight: 400;\">How We Helped:\u00a0<\/span><\/h3>\n<p><span style=\"font-weight: 400;\">We began by examining J&#8217;s personal and financial life, as we do with all clients. After reviewing every investment, we found no cohesive strategy aligned with her retirement goals and expensive, poorly performing products.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">There were insufficient savings, and she was not on track to retire with a similar lifestyle.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">We created one investment strategy, consolidating accounts so that every dollar worked optimally and invested for growth. We divested from high-cost, underperforming investments.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Selling the business would be a significant component of funding J&#8217;s retirement, so we strategized around the business sale. We formed a strategic team involving a new CPA and business attorney, with our firm as an active participant. This team helped ensure J received maximum value from the sale while minimizing tax implications.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">We also reviewed the business insurance and retirement account investment options, which cost the company significant money and ate into profits. By optimizing these, we increased the business&#8217;s bottom line.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">For J&#8217;s personal life, we created a new strategic team, including a CPA for collaborative tax strategy, an insurance team to analyze and review personal insurance needs, an actuary to evaluate specific products they had been sold, and an estate attorney for legacy planning and updating estate documents.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">As a high earner, we implemented several tax savings strategies for J, such as tax loss harvesting on investment accounts, maximizing all retirement account contributions, and working closely with the CPA on tax options for the business sale proceeds. This included strategies like deferring income through tax-advantaged investments and structuring the sale tax-efficiently.<\/span><\/p>\n<h3><span style=\"font-weight: 400;\">Where Are We Now?\u00a0<\/span><\/h3>\n<p><span style=\"font-weight: 400;\">We&#8217;ve significantly increased J&#8217;s investment performance and net worth. There is now a clear plan for her to retire with a similar quality of life. We have a defined legacy plan in place, along with strategies for lowering taxes over time. Most importantly, J knows where she stands financially and trusts us to guide her toward her best interests.<\/span><\/p>\n<p>____<\/p>\n<p><i>The case study described above is a current client, though for privacy reasons we have omitted the client name. This planning case study should in no way be construed as a guarantee that a current or prospective client will experience similar results or levels of satisfaction if he or she engages with WealthChoice for wealth management services. Every client experience will differ. Future results cannot be guaranteed.<\/i><\/p>\n<p>____<\/p>\n<h2><span style=\"font-weight: 400;\">Want to read more of this series?<\/span><\/h2>\n<p><span style=\"font-weight: 400;\">Don\u2019t miss our other case studies!<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><a href=\"https:\/\/wealthchoice.com\/staging\/2629\/breadwinner-women-case-study\/\"><span style=\"font-weight: 400;\">Breadwinning Women<\/span><\/a><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><a href=\"https:\/\/wealthchoice.com\/staging\/2629\/attorneys-case-study\/\"><span style=\"font-weight: 400;\">Attorneys<\/span><\/a><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><a href=\"https:\/\/wealthchoice.com\/staging\/2629\/tech-executives-case-study\/\"><span style=\"font-weight: 400;\">Tech Executives<\/span><\/a><\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>In our last case study share, we talked about how the WealthChoice team serves breadwinning women, and addresses their unique [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":3786,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"nf_dc_page":"","site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","ast-disable-related-posts":"","theme-transparent-header-meta":"default","adv-header-id-meta":"","stick-header-meta":"default","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"set","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center 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