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You are here: Business Finance Succession Plans Reduce Risk
Florida wealth manager talks about the disadvantages of planning at the last minute

A business represents more than an income stream; it embodies years of hard work and often is a family’s single largest asset. Yet, many small enterprises fail to draft succession plans until it’s too late, leaving founders hurried to transition — often as their health falters — and at a disadvantage in negotiations.

“Transitioning a business under pressure doesn't afford you opportunity to investigate all options available to you,” said Eric Sands, owner of Sands Financial Services. “Even if you never plan to retire, a well-conceived succession plan is necessary to protect your interests and that of your family and employees.”

Sands provides wealth management services to business owners, executives, retirees, and others. Typical clients are affluent, with more than $250,000 to invest and an interest in building long-term relationships.

That long-term relationship is key, Sands said. Any broker can buy investment products and chase returns, but it takes a strong client-manager relationship to see the big picture. Sands looks at his clients through a “holistic lens,” and helps them navigate the increasingly complex financial and tax landscape whether they want a succession plan, are saving for retirement, or pursuing another goal.

“Financial decisions that ignore your overall financial picture can lead to unintended consequences and ineffective outcomes,” Sands said, adding that he gives “all aspects” of a client’s financial picture equal emphasis.

Client’s can feel confident that Sands will do everything he possibly can to protect and grow their money. Sands helps clients define an investment strategy tailored to their goals, and then helps them make informed investment choices from among his expansive investment platform across every market and asset class, including alternative investments in a conflict-free environment. Sands, believes his holistic planning approach adds a broader perspective to all he does and provides increased benefits to his clients.

Independence allows Sands to tackle the biggest problems facing retiring entrepreneurs and business owners — rising health care costs, lack of succession planning and increased longevity. Developing strategies to deal with these problems is crucial for business owners, executives and retirees today, especially as increased longevity pushes retirement out to 30 or even 40 years.

“The best reward of all can be the sense of accomplishment that comes from helping a client achieve peace of mind by resolving complex financial issues,” Sands said.

For more information visit:

Eric Sands, Sands Financial Services, 6750 North Andrews Avenue, Suite 200, Fort Lauderdale, FL 33309, Tel:  954-721-4767, Cell: 954-609-2963, Email: This e-mail address is being protected from spambots. You need JavaScript enabled to view it .

Securities offered through HD Vest Investment Services, Member SIPC. Advisory services offered through HD Vest Advisory Services. Sands Financial Services is not a registered broker/dealer or independent investment advisory firm.

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