Business Owners

As a business owner, you have worked tirelessly to build and grow your enterprise, and your financial success is closely tied to the success of your business. We recognize that your financial needs extend beyond personal wealth management, and that’s why we are dedicated to serving the needs of business owners like you.

Whether you need assistance with business succession planning, employee retirement plans, tax-efficient strategies, or managing personal finances as a business owner, we have the expertise and experience to help you navigate the complexities of your financial landscape.

Our tailored services are designed to support your business and personal financial goals, so you can focus on what you do best, running a successful business.

See real client story below...

(Real client story. Names changed for privacy.)

Background

Jeff owns a successful technical services company in Pennsylvania with 13 employees and a seven-figure annual income. His business has grown steadily, and he already offers retirement and benefits programs for his employees. As the company expanded, Jeff wanted to strengthen his employee benefits, begin planning for succession, and explore tax-efficient strategies to support both his business and his personal financial goals.

Partnering with Willowbranch

Jeff turned to Willowbranch Financial Group to take a more coordinated approach to managing his business finances. His advisor helped him assess the effectiveness of his current retirement plan, identify opportunities for tax savings, reward key team members, and begin preparing for his eventual exit from the company.

Building the Plan

With Willowbranch’s guidance, Jeff:

• Redesigned the Retirement Plan: Implemented a Safe Harbor 401(k) plan with an optional profit-sharing feature, allowing for additional salary deferrals for Jeff and his employees. This structure not only rewarded his team but also created a new tax deduction to help lower the company’s overall tax obligations.
• Enhanced Employee Support: Ensured that all employees had access to personalized financial guidance. Willowbranch advisors meet with the team twice a year to review retirement investments and discuss individual financial goals, an approach that reflects Jeff’s commitment to helping his employees achieve long-term financial success.
• Rewarded Leadership: Introduced a bonus program and additional savings accounts to help Jeff’s management team make extra contributions toward retirement, aligning personal and company success.
• Expanded Strategic Partnerships: Connected Jeff with two trusted Willowbranch partners, one to redesign his health insurance options for a more flexible benefits package, and another to review his business’s tax strategies for improved long-term efficiency.
• Planned for Succession: Began building a five-year succession plan by evaluating the company’s value and exploring the financial and tax implications of both a sale and a potential financing arrangement.
• Optimized Retirement Distributions: Reviewed the tax impact of Jeff’s retirement savings and developed a strategy to gradually convert a portion of his pre-tax 401(k) assets to Roth or after-tax positions, providing greater flexibility and control over tax planning in retirement.

Life Today

Jeff now feels confident that his business is running efficiently and strategically. His employees enjoy stronger benefits, his management team feels valued, and his own path toward retirement is clear and well-structured. With Willowbranch’s ongoing partnership and coordinated team of experts, Jeff has not only strengthened his company today but also set the foundation for a secure and rewarding future.