Financial planning for business owners

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Your financial situation is as unique as your business.

Find the opportunities within the complexity

You know firsthand that there’s nothing like running your own business. The triumphs and complexities are particular to your business. So are the opportunities your business presents to build, grow, and harvest your wealth. That’s why a financial advisor with the right expertise, a long-term commitment to you, the ability to develop a personalized plan and manage your wealth makes such a difference.

Learn more about key complexities and how to select the right financial advisor to guide you through them, and more.

Unlock the value within your business

The average business owner has around 80% of their wealth tied up in their business — but it’s an uncomfortable truth that only 20-30% of the businesses that go up for sale find buyers. Growing the value of a business, developing a succession plan and executing a transition are all complex, long-term projects. Families and business partners can introduce further dynamics.

Crafting a strong financial plan from these complexities takes time and a wide range of expertise. Your financial advisor is with you every step of the way; before, during and after exit. A committed one, who knows which experts to bring in and which questions to ask, is indispensable.

This is especially true for succession, which presents unique challenges in preparing the next generation for taking over the family business and ensuring financial security for you in retirement.

Understanding your most valuable asset

Understanding the value of your business is a complex exercise, and an inaccurate pricing analysis can lead to unpleasant surprises.There are many different kinds of valuation that might be performed for different purposes. For instance, a tax valuation is very different from a valuation done for a strategic buyer. We can draw on valuation experts to make sure our business owner clients have a better understanding of what their business is worth — and we leverage our own insight to help grow that value so it’s ready to harvest when it comes time to exit.

Learn about the three stages of a transition plan and how to set yourself up for success by getting the valuation of your business right.

A simple, powerful question

How much post-sale income is enough? It’s a question that seems simple at first, but answering it accurately is both valuable and challenging. The challenge comes from your close involvement with your business, which likely overlaps your personal financial situation in many areas.

Business owners often share a common blindspot when determining how much is enough. An experienced and dedicated advisor can set you up for a successful transition to whatever comes next for you and your family.

Preparing for life post-sale

Life after selling a business is not always a bed of roses. It’s alarming to learn that many business owners are diagnosed with depression after the sale of their business. That doesn’t sound like success to our team of advisors, which is why we use our experience to help owners step into purpose, meaning, and enjoyment in their post-sale lives. We believe that the wealth you have built should serve you and your family — not the other way around.

Retire knowing you've made the best possible decisions using our tried and true processes and services.

 

 

adp-Christoff-Boshoff

Christoff Boshoff

MBA, CEPA, CIWM
Senior Financial Advisor
ATB Securities Inc.

Strong relationships are everything to me, and I have a passion for helping owners of small - to medium-sized Alberta businesses achieve success in their professional, personal and financial lives. As a three-time business owner myself, I have a deep respect and admiration for entrepreneurs. I know how hard they work and understand what it takes to successfully own, grow and exit a business in this province, which definitely includes having a trusted financial advisor beside you.

I am honored to be the recipient of both a Royal Canadian Humane Association bravery medal and an Edmonton Citizen award. I am a life-long learner and passionate reader, often picking up books that engage in industry content. When I am away from the office, I like to escape to Fernie to enjoy the rocky mountains with my spouse, four children and in-laws. I love to ski, fly-fish, mountain bike and hike with my family.

adp-Myron-Uhryn

Myron Uhryn

MBA, CEPA, FEA
Senior Financial Advisor
ATB Securities Inc.

Like many born-and-bred Albertans, I fill my cup by helping others. I’m passionate about helping small- to medium-sized Alberta business owners with business transitions, including succession planning, exit strategy planning and estate planning.

With a 30-year career in finance and risk management, and family businesses in real estate as well as grain, cattle and tree farming, I’m well versed in the complexities of wealth management. I understand the unique challenges enterprising families experience and work hard to help them find strengths, overcome obstacles and integrate business interests with family interests.

I am a life-long learner and constantly read about business, economics and wealth to stay at the top of my game. One of my favourites is called Reminisces of a Stock Operator which is believed to be ghost written by a brilliant investor in the 1920 bull market. If I had only one piece of advice for you it is this; the big money is in the sitting - far too many investors are anxious and can’t handle much volatility. In my free time I enjoy playing the piano, snowboarding, kiteboarding and surfing with my daughter.

 

 

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Disclaimer

ATB Wealth® (a registered trade name) consists of a range of financial services provided by ATB Financial and certain of its subsidiaries. ATB Investment Management Inc. and ATB Securities Inc. are individually licensed users of ATB Wealth. ATB Securities Inc. is a member of the Canadian Investor Protection Fund and the Canadian Investment Regulatory Organization.

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