Wealth Management Planning

Founding the Company and Other Important Stories

One of the attributes of successful families in business is the sense of unity between family members. The willingness to sacrifice for one another to achieve a greater good often grows from a lifetime of sharing ideas, obstacles, and dreams. Often there is a family story, a sense of identity they s[...]

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Are You the Retiring Type? Increasingly, the Answer is “Not Yet”

One of the first questions we ask clients when creating a financial plan is, “When do you plan to retire?” Surprisingly, many aren’t sure. The timing of when you transition from earning an income to living off your portfolio or drawing down your savings is a significant factor in any financial[...]

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There Shall Be No Coronation

There Shall Be No Coronation: Thoughts on Company Leadership Transitions Succession planning in any firm should be predicated on a thoughtful and transparent process and most successful transitions involve participants that are not only informed, but passionately engaged. Family-owned businesses [...]

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On Gardens and Stewardship: Sharing Values across Generations

Lately I’ve been pondering the concept of stewardship as it relates to family-owned business and a recent weekend gardening with my daughter brought new insight. Earlier in the year, she and her good friend had decided they should grow vegetables…so I took them to the store and let them pick any[...]

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The Impact of Aging on Financial Decision Making – What to do When You or a Loved One Show Signs of Decline

The most astute among us can find it challenging to manage our finances at times. Even when working with an advisor, making decisions about how much money you need to live on, forecasting how long your nest egg will last, and taking required minimum distributions can be complicated and stressful. [...]

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Family and Closely Held Business Summit Review

We recently had the opportunity to be involved in the inaugural Family and Closely-Held Business Summit, held in Milwaukee, WI presented by BizTimes Media. As a locally-owned, independent firm ourselves, we were pleased to be a co-sponsor of an event dedicated to bringing together members of family-[...]

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Simple Rules for Building Wealth: Stick to the Basics

Being smart about money is not as complicated as we might think. However, you may want to consult with a financial advisor for retirement and other investment planning issues. Some of the best ways to build wealth for yourself and your family are based on setting goals, using common sense and making[...]

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A Carpenter and His Tools: Thoughts on Portfolio Construction

The portfolio construction process has undergone some fairly radical shifts over the last few decades, beginning with the pioneering, and Nobel-prize winning, work of Markowitz and his Efficient Frontier followed by Bogle’s crusade for passively managed index funds and the rise of exchange traded [...]

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The Journey Ahead: Replacement Income Considerations for Former Business Owners

The process of preparing a company for sale can take years of careful business planning, efficient cash management and strategic execution. More than once over those years, owners have opportunities to contemplate the next stage of their journey from a personal financial standpoint. The personal inc[...]

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The Wisconsin Idea and the Learning Organization

What is the role of education? How does it spur innovation? A heated debate arose recently when a set of e-mails revealed a proposed change to the mission statement for the University of Wisconsin. The revision was later explained as an apparent “drafting error” born out of an extended discussio[...]

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