OUR STORY
At 7 Strand Wealth Management, our mission is to strengthen and protect your family’s financial core, just as the outer strands of a rope safeguard its inner strength. We do this by weaving our personalized services into a single, cohesive financial plan designed to secure your wealth and provide you with financial peace of mind.
Our approach is based on the powerful metaphor of a rope, made up of an inner core surrounded by individual strands, each one enhancing the rope’s strength and integrity. Your financial life is the inner core, surrounded by six interconnected services that, when woven together, provide resilience and security. Each service is integral to the whole, and all work together to help protect your family’s financial well-being from uncertainty.
Business Transition
If you’re like most business owners, you’ve invested countless hours and dollars in building a successful company, and your business is likely your family’s largest asset. You may feel a tremendous responsibility to care for your employees, customers, business partners, vendors and suppliers. But who is taking care of your long-term financial needs?
While it can be difficult to imagine while you’re experiencing the day-to-day grind of running your company, you will eventually want to hand over the reins and retire. However, you probably don’t have time to even think about what your eventual business transition will look like.
That’s where we come in. At 7 Strand Wealth Management, we help business owners successfully transition to the next stage of life by establishing and executing a business succession plan to meet your specific needs and provide for key stakeholders. We support you in:
Identifying potential buyers or key employees to take over the business
Adding value to your business in the years leading up to the sale
Understanding your overall net worth, including both business and personal assets
Helping you identify tax-efficient transition strategies
Providing support to future generations of family members and business owners
Developing a detailed plan to guide the transition with as little disruption to operations, customers and employees as possible
Incorporating your sales proceeds into your personal financial plan and investment strategies
Minimizing your tax exposure at every step of the way