A featured CASE STUDY
In Transition
Primary Goal
To make an astute, informed decision regarding a current life event that will impact the trajectory of our financial future.
The Background
Mike and Sharron started a manufacturing company in their late 50s shortly after they got married. They both poured time and effort into getting the business off the ground, but their passion and drive to succeed eventually paid off. Today, the company is a well-oiled machine that practically runs itself. They recently received an offer to sell their company to larger company with an excellent reputation. They feel the selling price is fair, but are unsure about how that translates to their personal finances. Is it enough to fund their next project, as well as sufficiently provide for them in their retirement years?
The Challenges
- Evaluating the financial impacts of the sale
- Making decisions after the sale is complete
- Managing their new asset base
- Managing their new asset base
- Creating a personal financial plan for the future
The Conclusion
After scheduling an insight meeting, Mike and Sharron started the financial planning process with Quantum’s team of professionals. They began by organizing their financial life which involved collecting data and repositioning the information in a way that made sense to the couple. Then, once Mike, Sharron and the Quantum team fully understood the current situation, they used financial planning software to run scenario analyses on their long-term plan. This step helped the couple understand how certain choices would impact their finances over time.
- The planning process helped Mike & Sharron get organized
- The couple were able to clarify and better define their shared goals
- Their financial team implemented cutting edge technology
- Their investment portfolio was re-allocated to better suit their objectives
- Running scenario analyses helped the couple make informed decisions
- Quantum’s planners recommended several ways to optimize tax efficiency
After finishing the initial planning process with Quantum, Mike and Sharron are now confident selling their business was the right move. Additionally, they have a plan for the sale proceeds that includes achieving their short-term goals and establishing an investment portfolio that not only sets them up for a successful retirement, but will also allow them to leave a legacy for the next generation. They are resting much easier with a clear plan for the future, and team of professionals to guide them through whatever new changes may crop up. Mike and Sharron have built a lasting relationship with their Quantum team and look forward to their semi-annual planning sessions.
- Confidence that the right decision was made
- Clarity in their personal finances
- Peace of mind knowing they are partnered with an experienced team
- Regular planning sessions to monitor their path to success
Summary
After scheduling an insight meeting, Mike and Sharron started the financial planning process with the team of professionals at Quantum, based in Kirkland and Spokane, WA. They began by organizing their financial life which involved collecting data and repositioning the information in a way that made sense to the couple. Then, once Mike, Sharron and the Quantum team fully understood the current situation, they used wealth management software to run scenario analyses on their long-term plan. This step helped the couple understand how certain choices would impact their finances over time.
