Financial planning for business owners

Financial planning for your life and your lifestyle™

As a business owner, you may be skilled in financial planning for the business. You have an aggressive growth strategy and a game plan for how to handle slow months, dips in revenue, shaky investors and other financial risks that come along the entrepreneurial road.

But, while you’re busy planning for your company’s financial success, who is planning for yours? According to Fortune magazine, over a third of entrepreneurs don’t have a retirement plan. While your nose is down building the business, you are losing valuable years that you could also be investing in your future. The two are not mutually exclusive. With the help of a ProVise CERTIFIED FINANCIAL PLANNER™ professional, you can learn how to set your business up for financial success while still putting the right pieces in place for your eventual exit strategy and the retirement lifestyle you want to live when that day finally comes.

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Build a road for the future with a CFP® professional

One of the biggest mistakes that business owners make is not thinking about what your financial landscape looks like 10 to 15 years from today. Whether your future includes expanding your business or expanding your family, investing in a rental property or investing in your children’s college education – you’ll need financial resources to achieve those milestones. By working with a CERTIFIED FINANCIAL PLANNER™ professional at ProVise to build a solid financial plan for your future, you are better prepared to navigate the financial challenges of the business and your personal life.

As an employee of your own company, you can only contribute $19,500 per year to your 401(k) plan, plus an additional $6,500 if age 50 or oder These amounts may be a small percentage of your salary. However, there is more can do and with proper financial planning, you can set yourself up to live the lifestyle you want now, and retire on the financial terms you want later.

Wealth management

A ProVise CERTIFIED FINANCIAL PLANNER™ professional can help you develop a plan to build wealth to support your current and future lifestyle. Investing in stocks, 401(k) plans, savings plans, and other investments can build the financial security you need to help you move into the lifestyle you desire.

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Risk management

While we all deal with personal financial risks at points throughout our life, business owners have the added responsibility of taking on business risks. Because your income is dependent on the success of the business, you need an extra set of trained eyes to evaluate your current financial risks and create a strategy that allows you to navigate certain pitfalls without forfeiting your overall financial goals.

A ProVise CFP® professional can help you navigate the business-related risks that could lead to personal-related financial damage. Our strategies will help keep you prepared for what may come and on course for your financial goals.

Retirement planning

For many business owners, retirement might seem like it’s a long way away or might not even be something they want to consider. After all, if a business owner is doing what they love, they might not ever want to retire, right? Well, while it’s great to love what you do, this approach can lead to stress later on in life if you ever do decide you want to stop working, if you physically cannot continue to work or if your income from your business is no longer able to provide for your needs.

A CERTIFIED FINANCIAL PLANNER™ professional at ProVise can help you manage the risks of investing in a retirement plan. They can sort through the various investment opportunities to you to help you build a stable retirement plan without putting your personal finances at risk should something drastic happen to the business.

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Estate planning

Your business in many ways is your legacy.  As a result, you want it to continue to succeed. Whether you are passing it on to one of your children, or selling to a trusted employee or third party, it will not likely continue without planning.  

A ProVise CERTIFIED FINANCIAL PLANNER™ professional can help you develop a strategy that helps to ensure that your business can continue in the event of your death. Death creates many financial issues and it is even more complicated when you own a business. We work with you to preserve the company and its value while helping to minimize the potential income and estate tax issues.

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Are you a business owner? It’s time to talk to a ProVise CFP® professional about your financial planning

Our team at ProVise Management Group has decades of experience in creating customized financial plans for a variety of business owners. For more than 30 years, our clients have trusted us with their financial assets and much more. They are people with values and philosophies that are just as important to their operations as their assets.

We strive to respect your values and to develop a personalized financial plan that works best for you and your business. Contact ProVise today for a complimentary consultation.

What to expect in a complimentary consultation

A 30-minute complimentary consultation with ProVise Management Group is different from what you may have experienced with other financial planners. In this meeting, you'll speak with a CERTIFIED FINANCIAL PLANNER™.

We want to know more about your goals and place in life than how much money you have in your accounts.

We would be happy to meet you in person at our Clearwater and Tampa offices or schedule a Zoom call.

Here’s a quick snapshot of how our consultation works:


Step 1

What prompted you to contact us?

Is it a new job with a complex compensation plan, the formation of a new business, a birthday that makes retirement feel more imminent, an inheritance, the death of a spouse or another event?

Step 2

What are your goals?

We'll discuss your objectives for your finances and retirement and diagnose any potential issues that may be keeping you from reaching your goals.


Step 3

Here's how we can help

We’ll tell you about us and how we work, including the services we offer and our fee structure. Then, we’ll give you the time and space you need to decide if you want to work with us—and when you’re ready, so are we.

The ProVise Planning Experience

A financial plan is a roadmap to your financial success. A ProVise financial planner will follow a process that includes the following steps to creating a customized strategy specific to your current financial situation, lifestyle, and future goals.

1. Understanding Your Personal and Financial Circumstances 2. Identifying and Selecting your goals 3. Analyzing Your Current Course of Action and Potential Alternative Courses of Action 4. Developing the Financial Planning Recommendation(s) 5. Presenting the Financial Planning Recommendation(s) 6. Implementing the Financial Planning Recommendation(s) 7. Monitoring the Progress and Update

1. Understanding Your Personal and Financial Circumstances

Before we can help you reach your goals, we need to understand where you are. We perform a thorough analysis of your current financial situation and upcoming risks before creating a financial plan designed for your increased future success.

2. Identifying and Selecting your goals

Your future financial goals will dictate your current financial choices. We need to understand your goals and then help you prioritize those goals, so we can align your financial strategy with the lifestyle for which you are aiming. We help you balance your goals in a way that is designed to benefit your current lifestyle without neglecting your future financial goals

3. Analyzing Your Current Course of Action and Potential Alternative Courses of Action

It is important for us to first determine what you are currently doing and why. What is your approach to your finances and investments? There is no reason to seek alternatives if what you are doing is working. However, we can only do this in the context of looking at alternatives that may either fine tune what you are doing, or perhaps offer an alternative approach.

4. Developing the Financial Planning Recommendation(s)

Unlike others who just want to sell you something that may not be in your best interest, we do not consider recommendations until we have taken the first three steps of the financial planning process. You do not want a physician to create a treatment plan without a thorough analysis of your current condition and consideration of alternatives. The same is true with your financial health.

5. Presenting the Financial Planning Recommendation(s)

We will provide you with a set of written recommendations sharing our best ideas and thoughts regarding your personal financial situation. For those with a relatively uncomplicated financial life it might be done in a bullet point format, while for others it could be a much longer document. It might even be done with a modular plan focusing on the one aspect that is most concerning to you.

6. Implementing the Financial Planning Recommendation(s)

We help you put the financial planning strategy to work by putting together a checklist of action items for you and us that helps ensure that the plan is implemented in a timely fashion. There is nothing worse than knowing what needs to be done and then not doing it.

7. Monitoring the Progress and Update

Financial planning is not an event that happens one time. It is a continuous process. Life happens and things change. You will not go it alone. We will walk with you through every financial decision, roadblock, obstacle and opportunity to make sure you are staying on track toward your financial goals.

Schedule a Complimentary Consultation

Financial planning is not one big thing…it is hundreds of little things™. We will walk with you every step of the way through investments, debt payoffs and everything in between to help you reach the financial goals that matter most to you.


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