Build wealth beyond your business
Building a successful business takes years of hard work. But the financial rewards of running a business don't always translate into personal wealth.
We regularly meet people who have profitable businesses, often with a strong income and carrying a considerable value. Yet much of their wealth is tied up in the business, leaving them financially dependent on its continued success.
As a business owner, you're also faced with decisions that your employees rarely encounter. How much money should you retain in the business? How should you structure your personal investments? Are you making the most of available tax and superannuation opportunities? And what happens financially when you're ready to step away?
At Northeast Wealth, we help business owners build financial strategies that extend beyond their businesses. We bring together your personal wealth, investments, superannuation, debt, insurance and retirement planning, working alongside your accountant and other professional advisers where appropriate.
Our focus is on helping you turn the success of your business into lasting personal wealth, giving you greater financial security, flexibility and choice.
How we help business owners build personal wealth
Build wealth outside your business
For many business owners, their business represents their largest financial asset. While this can be a powerful source of wealth, it can also leave much of their financial future dependent on one investment.
We help you develop a strategy for building assets alongside your business, including personal investments, superannuation and debt reduction.
By progressively building your personal wealth, you can reduce your reliance on the business and create more financial options for the future.
Make better use of your income and profits
Deciding what to do with the money your business generates isn't always straightforward.
Should you retain profits for future growth, make additional superannuation contributions, reduce debt or invest outside the business?
We help you assess these competing priorities, considering your personal financial goals, available cash flow, tax position and longer-term plans.
Working alongside your accountant where appropriate, we help you develop a coordinated strategy for how the financial rewards of your business can support your personal wealth.
Protect what you've built
Owning a business can create financial risks that extend beyond the business itself.
An unexpected illness, injury or death could affect your personal income, your family's financial security and the ongoing operation of your business.
We help you review your personal insurance needs and consider how your financial arrangements can protect you and your family if circumstances change.
Where business continuity, ownership agreements or other specialist arrangements are required, we can work alongside your legal and accounting advisers to help ensure your broader financial interests are considered.
Plan for life beyond your business
At some point, you may want to sell your business, reduce your working hours or step away from day-to-day operations.
The financial decisions you make in the years leading up to that point can have a significant impact on your options.
We help you understand how much personal wealth you'll need, what role your business might play in funding your retirement and how different sale or succession outcomes could affect your plans.
By modelling your future income, investments, superannuation and retirement needs, we help you develop a strategy that gives you greater flexibility over when and how you step away.
