What does WSG do? How does WSG do it? What does WSG do differently from what my current legal, accounting, financial advisors already do?
We design, implement and service comprehensive, integrated exit strategies and succession plans for successful business owners and wealthy families. That is all we do. We do not replace but rather work with your existing advisor group to make sure the business owner, the owner’s family and the business are taken care of both today and, going forward, as internal and external circumstances and laws change.
We are proactive, strategic and design oriented vs. reactive, transaction oriented.
What are our fees and how do we charge?
Before any work has commenced, the maximum fee is fully disclosed and agreed upon. We provide our services based upon a fixed, pre-determined fee basis.
The amount of the fee is dependent upon numerous factors including the complexity of the situation, the total value and the number of individuals involved.
What is the process and how long does it take?
Once an Engagement Agreement has been signed there are three main parts to the process:
Preparation of the Wealth Strategy Plan – this requires an initial review of information as necessary and as set forth in our Request for Information Form, a subsequent meeting with the client to confirm objectives and final preparation of the Wealth Strategy Plan.
Once the WSP has been finalized and presented, the second part of the process is to project manage the implementation of the WSP in conjunction with the advisor team.
After successful implementation the final part of the process is the on-going review, support and updating of the WSP to make sure it remains up to date given changes in family, business and legislative parameters.
Once all information has been received, it typically takes approximately 90 days to finalize the WSP.
How many people are part of the Wealth Strategy Group and who are they?
The Wealth Strategy Group is composed of and independent team of legal, tax, accounting, insurance and planning experts who, in addition to their respective disciplines, have received additional training in the specialized area of exit and succession planning. The primary, dedicated individuals are as set forth on our website. In addition we are nationally and internationally affiliated with experts who assist us as required given the unique aspect of each individual Wealth Strategy Plan.