David, 52 | Primary goal: prepare his business for a sale and use the liquidity to close his personal "wealth gap."

David has built a successful construction company that generates around $4 million a year in revenue and has a team of eight. David's wife, Lori, works as the office manager and helps with customer service. As he gets older, David has been seriously considering the idea of selling his business so he can spend more time with his wife and grandkids.

The Challenge:

David is an expert when it comes to running his business. However; he isn't sure where to start when it comes to preparing his business for a sale. He feels overwhelmed, and lacks the time to pull everything together himself.

Additionally, David knows that his personal financial plan may have some gaps. He is seeking guidance on how to translate the liquidity from the sale of his business into a retirement plan that can sustain him and Lori.

The Approach:

After a few weeks of online research and attempting to do everything himself, David knew that he needed help. He remembered a few years back his contractor sold his business, and decided to give him a call. Turns out, his contractor hired Cardinal Legacy Wealth Advisors to create an actionable plan to help pull all of the pieces together.

David decided to do the same.

A Personalized Plan:

From the initial conversation with Robert, Andrew, and Al, David had a plan that helped him:

• Establish a plan that gave David concrete steps for the next 5 years.
• Understand how much his business might sell for, and how they were going to source buyers.
• Create a tax management plan, in addition to utilizing the advisor's comprehensive wealth management services.
• Design a comprehensive retirement plan that factored in his retirement goals.
   
  Disclaimer: The above case studies are hypothetical and do not involve an actual Cardinal Legacy Wealth Advisors client. No portion of the content should be construed by a client or prospective client as a guarantee that he/she will experience the same or certain level of results or satisfaction if Cardinal Legacy Wealth Advisors is engaged to provide investment advisory services.