The risks and rewards of owning your own business are great. Most of the wealthiest individuals in the country are entrepreneurs who had an idea, took the risk and created substantial value in the market.  However, owning a business creates unique opportunities and also creates unique challenges. As most business owners spend all of their time and talent working in the business, they often neglect their personal financial planning. A study by PWC indicates that 50% of business owners would like to exit their business and in the next 5 years.  A 2004 US Small Business Administration study found that only 15% of Family businesses made it to the 2nd generation and 5% of family businesses made it to the 3rd. These trends have positioned us uniquely as a firm that has the skills, credentials and experience to help business owners with these unique challenges.

Pillar has created a unique 7 step process to help successful business owners develop a framework to achieve financial independence, thoughtful risk management (including balance sheet risk in regards to the business value and cash flow), tax optimization strategies, and business and succession planning. This process provides entrepreneurs clarity and confidence by providing a integrated approach to business and personal planning and addressing the unique opportunities and complexities due to their concentrated wealth. Helping the business owner develop a personal financial plan that is coordinated with their business planning goals allows the owner to have the fulfillment that they have a coordinate plan and path to achieve their goals. Integrating the technology tools at our disposal allows Pillar to provide pro-active wealth management which can help to anticipate your needs in advance.

Specialized services should not be construed as a guarantee of a particular outcome. The effectiveness and potential success of adviser’s services can depend on a variety of factors, including but not limited to the manner and timing of implementation, coordination with the client and the client’s other engaged professionals, and market conditions. Past performance does not guarantee future results. All investing comes with risk, including risk of loss.