A SELF-HELP GUIDE FOR CHALLENGING TIMES
If you’re nervous these days, rest assured that you are not alone. In fact, you are in such good company that this lifeboat is starting to look a little bit crowded.
Episode 4: The Summer of Our Discontent
Saving for College
1Q 2022 Market Letter
Earth Day 2022: Let's Talk about ESG
2022 Tax Season: changes and factors to consider
Preparing a Business Succession Plan
Preparing a Business Succession Plan
Regardless of what your plans are for the future of the business, sooner or later, you will transition it to someone else. Either to family members, key employees, or some combination of the two. The transition is inevitable.
At Pacific Portfolio, we help facilitate the conversation between multiple parties, such as your close advisers and/or consultants that would be part of the business succession planning engagement. One of our goals would be to make sure that all advisors involved are in sync with one another.
In an ideal scenario, you get to control and be an integral part of the process, but that is not always the case. An unexpected death of an owner, key executive, or employee can damage a business if no successor is found and there is no plan.
Every business succession has their own unique characteristics, and not all are cut from the same cloth. Some owners want to exit entirely, at a certain date. Others want to stay involved to a lesser extent over time but never truly exit. These issues, and others, must be examined. The plan should be designed to:
Address expected timing
Designate one or more successor(s)
Indicate the value of the business
Allow for execution of the plan
Discuss communication with employees, customers, and family
Incorporate tax planning.
A proficient way to manage the process from what we’ve seen is by devoting ~9-12 months to the cause. Take a few months discussing the procedure with your family, executive employees, your bank, and other key stakeholders.
Contact your financial adviser, lawyer, and accountant, so they can get involved from the onset. Build and improve the plan over the next few months and put it into action over the last three or four months.
From our experience, we’ve found it critical to establish relationships with advisors ahead of the event. Therefore, we take the time to deeply understand our clients and their business, so that we establish long lasting mutual relationships with them from the onset.
War in Ukraine: Our Investment Committee's Perspective
Episode 3: Word is Bond
On this not-to-be-missed episode of the Value of Time podcast, we’re diving deep into the bond market: at a time of rising inflation and interest rates, what should we expect, what can we do, and why the heck would we even want to own bonds at a time like this?! We’ll get the answers to all of this and more with industry veteran Eddie Bernhardt of Invesco.
4Q 2021 Market Letter
BACK WHERE WE STARTED, HERE WE GO ‘ROUND AGAIN
Another year under our belts, another one already storming out of the gate. Before 2022 completely gets away from us, though, conventional wisdom dictates that, as investors, it is our duty to stop and scrutinize the books we only just barely closed this past December 31st. The purpose?
