Maximizing client and partner wealth in real estate investments.

Experiencing a liquidity event after you’ve sold your company can be a highly satisfying experience. After years of putting in “sweat equity”, the time has come to cash your hard earned check! The reality may start to set in that many business owners can find difficulty in adapting to the next phase following a business sale.

Maybe you’ll decide to start another venture; maybe you’ll concentrate on as an active investor, or perhaps you’ll get out of business altogether and take advantage of the opportunity to pursue other life interests. The key is not the specifics of your next step, but how you go about building the infrastructure that enables it to happen!

Priority number one is wealth preservation, so what do you need to set in place to meet this priority?

Build Your “Board of Directors”!

It takes a team of well-experienced specialists to create and execute a comprehensive wealth preservation strategy. By building your board of directors, professionals from the fields of accounting, financial planning, law, and investment management will come together to ensure you have a game plan tailored to your goals.

Surrounding yourself with the skill sets of others can make a strong impact. Think of how you ran your business; You relied on others in almost every aspect of what you did. Build a mosaic of good advice and prudent planning to seamlessly execute your wealth presentation strategy.

Whom To Include on Your “Board of Directors”

Financial Advisor: Who runs your money? Are you currently relying upon a trusted resource to advise on a plan to meet your overall objectives? Do you currently have an asset allocation strategy in place that ensures you are aligned for varied business cycles and cash flow needs? A financial advisor on your board can help you navigate the waters, bringing important market insights to your wealth preservation strategy.

CPA: Many variables go into building a tax planning strategy. For example, it is imperative to pursue tax-efficient strategies. But tax laws evolve, and the recent tax overall will have a strong impact on present and future tax planning. Having someone at the table well-versed in tax matters is a must. A CPA specializing in high net worth individuals will understand the benefit certain types of investments may offer, especially when it comes to alternative investment structures that may provide certain tax planning benefits.

Attorney: After accumulating wealth to last a lifetime, it’s now time to plan how that wealth will continue well beyond your time on Earth and for generations yet to come: tax and estate attorneys will provide knowledge and insight to ensure successful transfer of your wealth to future generations, with all tax implications considered. A lawyer on your board will give you your own general counsel, the ability to review investment opportunities and protect your personal interests. In addition to the many qualities a skilled attorney brings to the table, there may be beneficial synergies when your attorney and CPA work together to construct a comprehensive tax and estate planning strategy.

Alternative Investment Managers: Alternative investment managers will provide the specialized knowledge and network required to compete for the strongest opportunities. If you have no experience in private real estate, how do you gain access to the industry and ensure success? Experience, trust, dedication, and investor-centric business structures are key factors to consider when vetting a potential alternative investment manager. You can read more about what to ask a potential investment manager in our article, “Top Five Questions To Ask an Investment Manager”.

Some Help To Get You Started

MLG Capital is more than happy to leverage 30+ years of existing relationships and provide references for seats at your personal board of directors table. In addition, we are more than happy to have a conversation with your personal advisors to see if our strategies fit within your objectives both in the near term, and long-term, as well as bringing planning expertise to the table.