Sole Proprietor Businesses
Like most professionals, as the owner of your own business, you are required to manage your own destiny in terms of career path, business expertise, and the identification of trusted resources to assist with the guidance of your financial well-being. Those trusted resources may include your lawyer, accountant, investment adviser, banker, insurance agent, and business advisors. Each of these advisors will have your best interests in mind and, based on their area of expertise, will guide you toward what they know, what has worked for them in the past, and the opinions they have developed over time.
Unfortunately, your financial portfolio is often the result of advice from a collection of people who have worked in isolation, lacking a complete view of the overall picture. Because their expertise is very specific, they may function as generalists or specialists. In each case, they may not be in the position to advise you on your entire financial well-being, as they take a focused view of your current situation, whether it is personal, financial, or business-related.
At Budovitch Legacy Planning, we not only factor in your income and investments, but we also provide a complete picture, including important elements such as taxes, outgoing fees, interest rates, protection for life uncertainties, and more. Understanding the exact factors that may erode your wealth is the first priority in order to establish a comprehensive legacy program.
At Budovitch Legacy Planning, we work together with our sole proprietor clients to incorporate their financial data into a comprehensive protection, growth, and savings program, to form a Legacy Plan for the future.
More than 25 unique attributes are collected in order to generate a complete financial picture at a glance, making coordination and wealth management a straightforward, uncomplicated process.
Visualizing Lost Opportunities
Like it or not, bank fees, government taxes, market volatility, and more chip away at money and assets. This problem stretches far beyond the actual cost of fees and penalties; it results in lost opportunity costs. What could have otherwise been done with that money? Our unique program helps you see the lost opportunity costs working against your wealth, and in turn, we offer strategic ways to overcome them and grow your wealth.
Full-Scope Analysis
Program. It’s built on a simple idea that is often overlooked in the financial arena. You likely have multiple file folders with monthly statements and prospectuses from your various financial suppliers. From debt to savings, to investments, to insurance, each element must be separately analyzed and assessed. Then—and only then—can the individual parts be primed for construction into a holistic legacy plan, where the potential of every asset is re-engineered for long-term efficiency and productivity.
The Budovitch Legacy Planning solution includes a unique set of tools that break down complex scenarios to provide financial certainty, both now and in the future. Our proprietary technology model generates the path and plan, as well as the required financial products, that will effectively and efficiently provide the optimal solution for your legacy planning needs.
We do not approach your legacy planning needs by offering an opinion or a financial product that is self-serving. We focus on you, your path, and your destiny.
Custodians of your Legacy Plan
As part of our Concierge program service, our clients are kept informed of their portfolio’s performance—even when the assets are not physically combined into one consolidated program. Wealth creation and preservation, asset management, and financial growth are not simply "behind the scenes" activities at Budovitch Legacy Planning Inc. They all come together in a transparent and synchronized report that simplifies your personal finances and maximizes your potential.
