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.

Sign in
Sign in

XPX Chicago – Discussion: Impact of Tax Reform on Business Owners

  • February 23, 2018

Mike Karmin, Wealth Advisor of Strategic Wealth Partners (SWP), contributed to a panel discussion regarding the impact of tax reform on business owners. Professionals who attended the event asked Mike the following questions:

  • How does tax reform impact business owners who are considering selling?
  • Which business owners are impacted the most by the tax plan from an investment and financial planning standpoint?
  • What is the first thing that you did for your business owner clients after tax reform went through?
  • Why does recent tax reform make it even more critical for my team of professionals – such as a wealth manager, accountant, and attorney – to work together?

Mike is a Board and Programming Co-Chair of the leadership group Exit Planning Exchange (XPX) Chicago, a multiple-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.

Categories

Strategic Wealth Partners (‘SWP’) is an SEC registered investment advisor with its principal place of business in the State of Illinois. For additional information about SWP, including fees and services, send for our disclosure brochure as set forth on Form ADV from SWP using the contact information herein. Please read the disclosure brochure carefully before you invest or send money (http://www.stratwealth.com/legal).

Investments
Making It Through Volatile Markets
Yesterday’s news about new worldwide tariffs and the resulting impact on financial markets is going to scare a lot of people. Whether you are someone who looks at your portfolio every day, checks periodically, or hardly ever looks at all, it would not be unusual to have some sort of impulse to take action with your portfolio. The most drastic would be to “go to cash,” presumably re-entering the market “when things get better.” The issue is always that it will never feel like a good time to get back in. Think back to March 23, 2020…everyone was locked down in their homes, and the impact of COVID had only just begun. Yet despite the fact that people were still wearing masks and maintaining other COVID-related precautions a year + later, that day in March 2020 turned out to be a generational buying opportunity for stocks.
Read More