Schulz Wealth is a boutique wealth management firm. We specialize in helping business owners navigate every stage of their business, from startup to maturity and all the way through the all-important moment of transitioning to life after business.
We understand the challenges. We understand the complexity. We have your back.
Protecting Your Success
Congratulations! You made it, and now have a successful business. Your singular focus has been the success of your business. Now that you’re here, what’s next?
Planning Your Transition
There’s a 100% probability that someday you will no longer be a business owner. Make sure it is on your terms. Are you prepared?
Preserving Your Legacy
Success creates financial complexity. You will need a well coordinated wealth management process to simplify decision making and properly execute.
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Protecting Your Success
The timing could not have been worse for Joe and Cindy. It was 2009 and they just had their third child. Cindy was staying at home and Joe lost his job as a consultant.
Joe had always wanted to strike out and hang his own shingle, but the corporate salaries he had were nice. He had a growing family with growing needs and walking away from that financially seemed like too much of a risk. But with few other options, it was time to make that hard decision.
What he thought was the worst timing ever turned out to be a blessing in disguise. He started Genera at ground zero. Three tough but rewarding years later, he had built a business that could sustain and take care of his growing family.
From humble beginnings, Joe steadily grew. Now, he has 40 people working for him. With a solid management team in place, Joe works fewer hours now and Genera is more profitable than he could have ever imagined.
This level of success is enviable from one standpoint but it can also be dangerous. Decisions need to be made regarding planning, protection, and diversification.
From the start, building the business to the success it had reached today has taken all of Joe’s time and attention. He put on blinders and did everything he could to make sure that Genera was successful. Mission accomplished……now what? Joe suddenly found himself in unfamiliar territory. Making decisions at Genera has become easy, but now there were new goals and new problems to solve, and Joe felt like he needed a new perspective.
Joe and Cindy came in for their first appointment unsure of what to expect. We ran through our process of creating personal financial documents and a plan for moving forward. This includes addressing insurance needs, estate planning needs, cash flow management, investment management,
That is where Schulz Wealth comes in. We have a proven process that has been used for many years in helping business owners turn their business success into a long-lasting legacy.
Planning Your Transition
Matt has a fantastic business with incredible employees. He loves his people, loves being at work, and enjoys everything about being a business owner.
As much as he loves what he is doing, there is a 100% probability that someday he will no longer be a business owner. And the problem is, time keeps marching on.
So what does he do? Does he just keep marching on doing the same thing and let transition happen on somebody else’s terms? Or, does he go ahead and start making the decisions that company can continue someday without him. Ultimately, these tough decisions can ensure the legacy of his family and many of the other things that are important to him.
After several questions from vendors, employees, and management about what his long-term plans were, Matt knew he needed to take action. That is when Matt came to visit Schulz Wealth. We were able to begin our business owner transition process, understand Matt’s desires, and discuss options. Would it be a management buyout? Would there be a sale to a strategic third party? Potentially private equity sale? Nope! Matt, who cares greatly about his employees, decided that he would transition his business to his employees through an ESOP. From understanding Matt’s long-term goals, we were able to help facilitate a transition that: ensured the continued success of his company, took great care of his employees and made sure his family was taken care of, all while he was able to continue the day to day inside the business.
Preserving Your Legacy
Isn’t success supposed to be easier than this? That’s what Al always thought. However, the more success he achieved the more complicated everything seemed.
When things get hard we have two choices: deal with it, plan and make hard decisions, or decide to let somebody else worry about it after you are gone
Al’s not the type to leave others to deal with his problems. He decided early on in his financial success that he would take action and make sure that the structure and planning was in place to take care of his family when they needed it. It was not easy, requiring ongoing updates and meetings with trusted advisors, but it was important.
Fortunately, he had worked to get the structure in place when he did. Fast forward a few years and Al was tragically diagnosed with Alzheimers. This became an emergency all-hands-on-deck situation for his family and his advisers.
For many, a tragedy like this can create a financial crisis. In Al’s case, all his planning really paid off. The structure he worked hard to put in place provided an excellent piece of mind for his family while they worked through and managed his diagnosis and care.
His legacy was preserved.
