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Advisor: Katie Clark

Last name: Clark
First name: Katie
Company: Brian K. Adams Private Wealth Management
Title: Managing Director
Email: kclark@bkadamsassoc.com
Seat: Key Executive Protection
Position:
Phone: 410.961.4831
Address: 244 West Water St., Suite 200, Elmira NY 14901
State: new
Zip code: 14901
Website: bkadamsassoc.com
Alternate Website:
Region: SoMA

Biography:

As a Certified Financial Planner and former Financial Advisor, Katie Clark has over 20 years of experience in wealth management planning and the life insurance industry. She is a specialist in the design and implementation of numerous advanced planning strategies, including, estate planning, business succession planning, and charitable planning. Katie is adept in helping to identify, develop and capitalize on advanced wealth planning opportunities for high-net worth clients.

As a business owner you have invested more than your finances in building a successful business. You have invested years of your life. But, it is a fact of life that change happens. Perhaps you are thinking of making a change; of possibly retiring or starting a new venture. What do you do if you want to leave the business you have worked so hard to create? Ensuring the efficient and effortless transition of your business is paramount to its future success. A business succession plan will allow you to prepare your business for your eventual exit. Just as you had a plan when you were building your business, you should have a plan to exit your business. Whether you are exiting voluntarily, for example if you want to retire or if you are protecting the business in the event of your disability or death, you should ask yourself these questions to see if you are properly prepared.

* What would happen to the business if something happened to you? Would the business be able to survive? What would happen to the employees who work for you? What would happen to your family who financially depends on you?

* Have you determined what your own financial objectives are as a result of the sale? How much money do you wish to have after the sale of your business? How much of your wealth do you want to pass on to future generations?

* What if your business’s cash flow is not improving? How can you close the gap between the value of your business right now and the value that you deserve?

Life insurance can play an important role in funding an effective strategy for your business continuation plan that will not only secure the future of your business but can offer financial protection to your family in the event of your death. When used in conjunction with an estate plan, life insurance offers you a funding mechanism that allows for maximum wealth transfer to future generations with minimal tax implications. Whether planning for retirement, or an unexpected disability or death, life insurance can be and most often is a necessary component to a successful business exit plan. Where your business is concerned, you don’t leave success to chance and you shouldn’t leave your business succession to chance either. Looking for the Best Forex IB to Earn in Partnership with Forex brokers?



Available articles::




BEF EVENTS, SEMINARS AND WEBINARS

 


November 7, 2013
Profiles in Growth:
Closing the Business Value Gap


Edwin Miller, CEO and Founder, 9Lenses
Edwin is a growth and turnaround thought leader whose proven skills in leadership, motivation, and business model assessment have had tremendous results in companies around the world. He founded 9Lenses to help executives find and resolve gaps in any aspect of their business. Recently named a “Top 12 CEO to Watch” by the Washington Business Journal, he is renowned for high-energy presentations that motivate executive audiences toward transforming their organizations. 

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Closing the Business Value Gap
November 7, 2013
7:30 am - 9:30 am
DeVry University
The Becker Room (6th Fl.)
4550 Montgomery Ave.
Bethesda, MD 20814
November 13, 2013
Profiles in Growth:
Closing the Personal Value Gap

 
For the best personal outcome, owners must identify and bridge the gap between corporate value when they first contemplate an exit and value when the actual transaction takes place—not to mention after the sale. The time to dig a well is before you get thirsty, but in the midst of transferring the company’s ownership, personal planning often gets delayed or lost—a dangerous omission. The panel will examine case studies and share the real-world experiences of business owners and their heirs in the post-sale years.


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Closing the Personal Value Gap
November 13, 2013
7:30 am - 9:30 am
Teqcorner Entrepreneur Center
1616 Anderson Rd.
McLean, VA 22102



Upcoming Events
October 24, 2013, 3:30 pm - 5:00 pm
Preferred Advisors Meeting and Happy Hour

November 7, 2013, 7:30 am - 9:30 am
PROFILES IN GROWTH: CLOSING THE BUSINESS VALUE GAP

November 13, 2013, 7:30 am - 9:30 am
PROFILES IN GROWTH: CLOSING THE PERSONAL VALUE GAP
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