Running a business means juggling everything—from daily operations to big-picture strategy. With so much on your plate, your personal financial planning often takes a backseat. And as your business grows, so does the complexity of your financial world. Engaging an Independent Wealth Manager can provide clarity, strategic direction, and peace of mind. But when is the right time to make this move?

First, let’s start off with WHAT is an Independent Wealth Manager: A Wealth Manager is a financial professional or firm that provides comprehensive financial services to you and your family. “Independent” means they operate independently of large banks, brokerage firms, or insurance companies. Because they aren’t tied to specific financial products, independent wealth managers can offer objective advice tailored to your goals—not someone else’s bottom line. Rather than focusing on one specific area—like investing or insurance—a Wealth Manager looks at your ENTIRE financial picture. At Asset Strategy, we help ‘Create, Manage, Protect, and Distribute Wealth®’, providing:

• Investment Management (grow wealth with strategy)
• Financial Planning (getting organized... retirement, education, cash flow)
• Tax Planning (not preparation, but minimizes taxes through strategic planning)
• Business Succession or Exit Planning (if client owns a business)
• Risk Management (insurance reviews and strategies)
• Estate Planning, Asset Protection, Privacy, & Legacy Planning (preserving legacy requires strategies)

Recognizing the Right Time to Reach Out

Several milestones in a business owner's journey signal the need for professional financial guidance.

1. Rapid Business Growth can quickly create complexities in tax planning, investment strategies, and risk management.
2. Diversified Income Streams, like business profits to real estate demand, coordinated financial strategies.
3. Approaching Retirement or a Business Sale brings complex decisions best navigated with a coordinated team.
4. When a Side Hustle Becomes a Real Business, think about legal, tax, and separating personal from business.

A Wealth Manager Can Help Navigate Tax Complexities

Taxes are a vital component for small business owners, and an Independent Wealth Managers help optimize them! Such assistance includes:

• Helping you choose the right business structure, as entity selection can carry significant tax implications.
• A Wealth Manager can also guide you in implementing retirement strategies like HSAs, Roths, 401(k)s, SEP IRAs, or Solo 401(k)s, which not only secure your future but also offer meaningful tax benefits.
• Additionally, they can help with strategically timing your income and expenses to reduce tax liabilities and ensure you're fully leveraging available tax credits and deductions.

Achieving Peace of Mind

Partnering with an Independent Wealth Manager, such as Asset Strategy, offers more than just financial planning—it provides peace of mind.

Asset Strategy has a team of dedicated Wealth Managers who understand the unique financial challenges small business owners face. They work collaboratively to deliver strategic guidance tailored to your business and personal goals—always with a focus on Trust, Wellness, Clarity, and Transparency.

Want to learn more? Connect with us at WealthManagement@NBTC.com.

DISCLAIMER:

Because investor situations and objectives vary this information is not intended to indicate suitability or a recommendation for any individual investor. This is for informational purposes only, does not constitute individual investment advice, and should not be relied upon as tax or legal advice. Please consult the appropriate professional regarding your individual circumstance. Product guarantees are based on the claims-paying ability of the issuing company and assume compliance with the product’s benefit rules, as applicable. There are retirement account risks that could diminish investor returns, such as, but not limited to: low interest rates, market volatility, withdrawal timing and sequence of returns risk, government policy uncertainty and increased longevity. Prospective investors should perform their own due diligence carefully and review the “Risk Factors” section of any prospectus, private placement memorandum or offering circular before considering any investment. Advisory services offered through Asset Strategy Advisors, LLC (ASA), an SEC registered investment adviser. Insurance services offered through Asset Strategy Financial Group, Inc. (ASFG). CIS, ASA and ASFG are separate companies.

Products and services made available through Asset Strategy and Concorde Investment are not insured by the FDIC or any other agency in the United States and are not deposits or obligations of, nor guaranteed or insured by any bank or bank affiliate. These products are subject to investment risk, including the possible loss of value.