November 6th, 2018 at 10:00-11:00 am EST
In this webinar, we will be tackling the really fun topic, the one that is really in every seller’s mind - what to do with all that money you get from the sale of your business. Our Benchmark International host, Clinton Johnston, will be joined by BNY Mellon Wealth Management’s Christopher Swink, a specialist in assisting business owners with their transition into passive investing as part of the sale of their business. Most business owners have grown their personal wealth primarily or exclusively from re-investing their income into their business. In this way, their money has made money for them. Once the business is sold, former owners must come to learn new ways of having their money make money for them. Some of the specific topics we will discuss include:
- What returns can a former business owner expect to earn on their cash?
- How can a wealth manager help me either before I decide to sell or while selling?
- How important is timing my sale to my overall standard of living after the sale?
- Is getting some of my cash from the deal later as opposed to at closing really a bad thing?
- What will my life look like after the sale?
- How can I draw a safe but sufficient income off of my sale proceeds?
BNY Mellon Wealth Management
About Benchmark International
Benchmark International’s global offices provide business owners in the middle market and lower middle market with creative, value-maximizing solutions for growing and exiting their businesses. To date, Benchmark International has handled engagements in excess of $5B across 30 industries worldwide. With decades of global M&A experience, Benchmark International’s deal teams, working from 13 offices across the world, have assisted hundreds of owners with achieving their personal objectives and ensuring the continued growth of their businesses.
About BNY Mellon Wealth Management
BNY Mellon Wealth Management is a leading wealth manager. In 2018, it was ranked the 11th largest U.S. Wealth Manager by Barron’s.The firm has more than two centuries of experience in providing services to clients who today include financially successful individuals and families, their family offices and business enterprises, planned giving programs, and endowments and foundations. It has $261 billion in total client assets, as of September 30, 2018, and an extensive network of offices in the U.S. and internationally. BNY Mellon Wealth Management, which delivers leading wealth advice across investments, banking, custody and wealth and estate planning, conducts business through various operating subsidiaries of The Bank of New York Mellon Corporation. For more information go to bnymellonwealth.com or follow us on Twitter @BNYMellonWealth.
Check out their website specifically for Business Owners:
About Christopher Swink, Senior Wealth Director
Christopher is a Senior Wealth Director for BNY Mellon Wealth Management. He has over 20 years’ experience working with successful entrepreneurs and business owners who are interested in an exit, or are in the process of exiting their business. Christopher and his team help the owner and their family prepare and plan for the transition, and works with them to create a unique, customized investment strategy based upon their personal lifestyle and legacy goals. Christopher has assisted dozens of business owners with more than a $1B in assets develop a plan for financial freedom.