Integrated Solutions: for Your Business & Personal Financial Management
Tailored Wealth Management
At JF Bicking & Co., we are excited to announce our strategic partnership with Pallas Wealth Management, marking a significant enhancement in our service offerings. This collaboration brings together our renowned expertise in strategic advisory with Pallas Wealth Management’s distinguished capabilities in wealth management and insurance solutions. This partnership is designed to provide our clients with a comprehensive suite of business solutions.
By integrating Pallas Wealth Management’s services into our portfolio, we are now equipped to offer a more robust range of options tailored to meet the evolving needs of businesses and entrepreneurs. Whether you are looking to secure your financial future, protect your assets, or optimize your investment strategy, our combined expertise ensures that your business objectives are met with precision and foresight.
Succession Planning
For family owned businesses the succession planning process is often more complex and oftentimes becomes difficult to navigate. Much like the board game risk, succession planning for a family business can get quite tenuous and even lead to prolonged family infighting. Our strategic advisors understand the various challenges and hurdles that may arise both in the business and personally when deciding on the best exit strategy. We craft a custom roadmap for our clients to guide them through succession planning as well as any other business, financial, and insurance situations that may arise.
Digital Products
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$0
initial Consultation session
Most Flexible
$99
Liquidity Evaluation
Best Deal
$199
Liquidity Evaluation + Succession Plan Outline
Best Value
$149
Succession Plan Outline
Best Benefit
$299
All Other Products + Economic Health Analysis
Personalized Solutions for Unique Business Needs
Understanding that each business has unique challenges and opportunities, our approach focuses on providing personalized strategic advisory, wealth management and insurance products. These are designed to complement your strategic business and personal goals, enhancing financial security and fostering long-term growth.
Our Financial Products
Business Succession Planning is a critical aspect for ensuring the longevity and continuity of a business after the departure or retirement of its key leaders. This involves a comprehensive strategy that includes legal, financial, and operational planning to ensure a smooth transition. Here are key components and products involved in business succession planning, especially suitable for businesses whose leaders have significant financial stakes or whose operations are crucially dependent on their leadership
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These allow a business to retain key executives by providing supplemental retirement benefits or deferred compensation in exchange for the executives' continuing service.
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Beyond standard 401(k) plans, options like SEP IRAs, SIMPLE IRAs, and Solo 401(k)s designed for maximizing retirement savings tax-efficiently.
Individual Retirement Accounts (IRAs):
Traditional or Roth IRAs for individual savings.
Defined Benefit Plans:
Pension plans promising a specified monthly benefit at retirement, which can be crucial for long-term financial security.
401(k)Plans:
Employer-sponsored retirement savings plans which can also include an employer match
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Advising on optimizing both personal and business cash flows to support operational needs and personal financial stability.
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For businesses looking to expand or restructure, offering bonds or other debt products can provide necessary capital with tax-efficient implications.
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Tailored investment strategies to help grow the business owner’s personal and business assets. This could involve a mix of equities, bonds, mutual funds, and other investment vehicles.
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Strategic planning to minimize income, capital gains, and estate taxes through various mechanisms like trusts, charitable contributions, and tax-efficient investments.
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Developing strategies using trusts, wills, and other legal structures to manage how personal and business assets will be distributed upon the owner’s death. This also involves planning to minimize estate taxes and ensure the continuity of the business.
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Establishing education funds, such as 529 plans or Coverdell accounts, which can be an important aspect of personal financial planning for business owners with families.
Investment solutions should be as dynamic and personalized as the individuals and businesses they serve.
WHAT’S YOUR eXIT PLAN?
Interested in learning more about your options? Schedule a free consultation meeting today with one of our advisors