While the business sale can be the most pressing issue for these clients, they also tend to need help examining their whole financial landscape to understand how a liquidity event will affect it. Their estate plan may need to change, their taxes could become more complicated, and they’ll need to explore new investment opportunities. They may also want to begin including their children in conversations around family wealth and the transition ahead.
With all these things in flux, successful entrepreneurs and company founders often come to Matter with a big checklist. They are ready for a thought partner that can address the big picture of their wealth, prepare them for upcoming transitions and transactions, help them plan for life beyond the sale – and manage all the important details along the way.
Matter assembles specialized teams for these types of clients, with deep expertise in running and selling family businesses, preparing families for major liquidity events, and planning for the future – whether that’s retirement or a new business venture.
We help founders and entrepreneurs:
- Think through the right process and team for their business sale
- Present modeling scenarios to make sure proceeds of the business sale end up in the right entities
- Create and fund family trusts with company stock
- Find the right estate attorney and update their estate plan
- Create cash flow and budget projections to meet their post-sale lifestyle needs
- Redirect their portfolio toward investments that better align with their values, future needs, and positive outcomes
- Begin long-range philanthropic planning that reflects their core interests and passions
- Set up bill-pay services to manage day-to-day needs
Many successful entrepreneurs are often concerned about how the business sale and sudden liquidity might affect their family – and especially their children. They want to make sure the rising generation will continue to thrive with inherited wealth and maintain the ambition to make their own ways in the world. Matter addresses these concerns directly.
Through our expertise in Family Learning & Communication, we:
- Help them articulate a short and long-term vision for their family wealth as well as shared values
- Work with them to build a purposeful Family Strategic Plan
- Help everyone in the family build financial acumen and communication skills to foster productive conversations about wealth
- Begin involving the rising generation in relevant inheritance discussions and decisions
- Help the children create their own personal financial plans
- Form a next-generation investment committee to give children experience managing one of the smaller family entities
We also help entrepreneurs leverage large liquidity events to realize longtime family goals and dreams, like purchasing a vacation home or taking the trip of a lifetime, so they can celebrate this milestone by spending more quality time together.
Our goal is to be a strategic partner and effective execution team, giving our entrepreneur and founder clients the confidence, flexibility, and free time to enjoy their accomplishments and live their lives to the fullest.