Your Business is a Legacy—We Help You Secure It.
Let Us Guide You
Silver Strand Wealth Management provides specialized guidance for business owners as they navigate the financial challenges of business ownership. As a business owner, your personal and professional lives are often intertwined. We work with you to develop wealth strategies that support both. In developing your integrated wealth plan, we draw upon our vast experience with business owners to help you with: Cash Management, Real Estate, Tax Management, Business Succession, and Wealth Management.
With the understanding that your company or professional practice may be one of you most important assets, we offer customized products and services. With access to the suite of Wells Fargo wealth services we help provide guidance and advice for many of the questions you may have including:
How does my business fit in my overall wealth plan?
- How can I manage my equity ownership position in the company?
- What are the options available for sponsoring a retirement plan for my employees?
- How might the sale of my business impact my wealth plan?
- Do I have the appropriate insurance in place for my family and my key employees?
You’ve worked hard for what you’ve built. We’ll work hard to support you.
Wealth Management
As a business owner, your personal and professional lives are often intertwined. We work with you to develop wealth management strategies that integrate both. We help you:
- Develop an integrated business-family investment plan
- Customize a dynamic investment portfolio based on your specific needs
- Access the financial suite of Wells Fargo Advisors wealth services
Family Business Transitions
Transitioning the family business to the next generation is much more than transitioning shares. A well-thought-out and documented plan that addresses ownership, control, and operations helps build a strong governance system for your business. This system, combined with communication with the next generation, can be key to helping ensure your transition’s success.
Business Succession
As a business owner, a large majority of your assets may be tied up in your business and will be accessed upon your business exit. We connect you to a team of professionals (banking, tax, legal, financial) to help you maximize your sale price and design your ideal business exit. The objectives of the team include helping you:
- Develop a clear plan and timeline to exit your business
- Sufficiently weigh your business exit options
- Manage the legal, tax and estate considerations of your exit
- Identify appropriate wealth transfer strategies
Cash Management
Our team works to help you maximize your returns on your liquid assets. By more efficiently managing your liquidity, we may be able to provide an additional income source for your business. In helping your assets work harder for you, you can spend time doing what you do best – running your business. We help you:
- Manage your cash and liquidity needs
- Align your risk tolerance with your investment options
- Create a personalized cash flow model based on your business needs
Tax Management*
We collaborate with your tax professional to design and implement strategies that minimize your tax liability. We help you with:
- Tax reduction and gifting strategies
- Tax efficient investing
- Tax deferred retirement savings plans
*Wells Fargo Advisors Financial Network does not provide legal or tax advice. However, Silver Strand Wealth Management and our Financial Advisors will be glad to work with you, your accountant, tax advisor and or lawyer to help you meet your financial goals.
Real Estate
Real estate provides business owners with an alternative asset class that is potentially non-correlated to the public markets. We partner with local real estate professionals to identify opportunities while also helping business owners as they consider:
- Whether to buy or lease
- When to buy or sell
- How to best hold the real estate asset (trust, LLC, corporation)