How much money do you need to live the life you want after you sell your business? How can you make sure that you get it? Wealth manager Joe LoPresti discusses how you can prepare for the future you want and how to build a team of advisors who proactively help you manage your wealth after the sale.
We play the role of the owner’s personal chief financial officer, so we advocate for the owner and what they want to reach that freedom point.
Joe LoPresti
What You’ll Learn
Understand Your Freedom Point: The financial and personal goals you need to achieve to live the life you want after selling your business.
Plan for Your Exit: Start planning early for your business exit, including tax strategies, wealth transfer, and asset protection, to maximize your potential and minimize regrets.
Build Your Team: Assemble a coordinated advisory team (i.e., attorney, financial advisor, accountant, business intermediary) that can work together to guide you through the complex exit process.
Prepare Your Business for Sale: Understand its value from a buyer’s perspective and take steps to make it more attractive to potential purchasers.
Mentally Prepare Yourself: Recognize the emotional and financial challenges of transitioning from controlling a business to managing a diversified investment portfolio, and work with advisors who can help you navigate this transition.
Topics Covered
What are the biggest wealth management mistakes that owners make when preparing to sell their business? [2:05]
Can you calculate how much money you’ll need to reach financial freedom? [5:05]
What do business owners who successfully work towards their financial freedom have in common? [9:30]
What does “planning on all levels” mean? [16:30]
Who should be on the owner’s advisory team for the sale? [20:30]
President & CEO, Arlington Wealth Management| Arlington Heights, IL
Joseph F. LoPresti is the founder of Arlington Wealth Management, with 39 years in the financial services industry and a history spanning more than two decades at the helm of his firm.
Joe’s career, shaped by a critical view of Wall Street’s sales-dominated culture, forged a new path that led him to develop a proprietary investment methodology. His deep conviction that hard-earned wealth should be actively safeguarded has become the cornerstone of his unique client relationships centered around achieving security, prosperity, and peace of mind.
Joe’s passion for financial literacy inspires his multifaceted contributions to investor education, including radio segments, course teachings at local colleges, and the foundation of the Investor Education Institute (IEI).
You’ve invested your blood, sweat, and tears into an enterprise that has provided for you, your family and your employees. The moment has finally come for you to start a new chapter in your life. Explore your options now.
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