According to several recent studies, up to 80% of successful business owners and wealthy families do not have a comprehensive, legally implemented exit or succession plan. Of the few that have put such a plan into place, most plans have not been reviewed or updated for many years and, given changes in the internal and external environment, do not work anymore. The reason for this shocking statistic is that traditionally there has not been any advisor group specifically trained in and dedicated to designing, implementing and servicing comprehensive, integrated exit strategy and succession plans. That is what the Wealth Strategy Group specializes in, and unlike other advisors who primarily do other things and only occasionally do this type of work, this is what we do.
The aforementioned exit strategies and succession plans for successful business owners and wealthy families encompass two possibilities: