Strategic Wealth Partners was acquired by Kovitz Investment Group Partners, LLC ("Kovitz"), a registered investment adviser with the SEC on May 1, 2024. Strategic Wealth Partners is now a division of Kovitz and its registered investment adviser. Materials created prior to this date were created by Strategic Wealth Partners and are accurate as of the time of publishing.
XPX Chicago – Case Study & Discussion: Owner Wealth
August 26, 2017
Mike Karmin, Wealth Advisor at Strategic Wealth Partners, recently sat on an XPX panel discussion regarding financial strategies for business owners. Some key topics that Mike spoke about included:
Different ways to deal with multiple owners who have different goals and priorities
The pre-sale planning process that owners should consider
The role of company retirement plans in growing a business
Mike is a member of the leadership group of Exit Planning Exchange (XPX) Chicago, a multi-disciplinary, non-profit community of professional advisors who work collaboratively to help owners build valuable businesses and assist them in preparing and executing a successful transition.
Selling a business isn’t something that should be done on a whim or even within a few months. In fact, most experts recommend starting your exit planning three to five years before...
How much do I need to retire?
I’ve been asked this question more times than I can count by people across all levels of wealth and experience. From business owners contemplating an exit strategy to corporate professionals grinding through another year to 20-somethings just entering the workforce. It’s a simple enough question that everyone asks at some point in their career.
When it comes to supporting family members financially, clients often consider two primary options: gifting money outright or making a loan. Both approaches carry tax implications, so understanding the distinction...
