By Generational Wealth AdvisorsSep 23, 2021, 06:00 et
Generational Wealth Advisors (GWA), the wealth management team within Generational Group (GG), a leading middle market investment bank for privately held businesses, is pleased to announce a new strategic relationship with the Hargrove Firm, Estate and Trust Attorneys (Hargrove).
Working in conjunction with Hargrove, GWA clients will receive detailed tax analysis and recommendations related to the potential sale of their businesses and its impact on their personal finances. Hargrove has an extensive network of attorneys across the United States and provides convenient access as well as state-specific expertise for GWA clients.
"As wealth management and preservation specialists, the most challenging part of working with entrepreneurs is trying to serve their family's interests after the sale, which limits our ability to optimize after-tax results. Significant tax, generational transfers and charitable synergies can be achieved when proper plans are drawn up prior to the sale,” said Bryce Gray, Esq., CPA, and Chief Operating Officer of GWA. “Hargrove will enable us to offer this analysis before a deal closes, providing significant benefits to GWA clients.”
Areas addressed through this tax analysis include state and federal income tax consequences for a sale, the use of tax reduction vehicles such as an asset protected trust and the role of a charitable trust prior to a sale. The Hargrove alliance will help Generational clients in their pre-deal closing decision making by providing the ability to analyze multiple offers and help determine the most tax-efficient option.
“Too often entrepreneurs and business owners find themselves either doing a deal or turning down a deal after a tremendous amount of time and effort, only to find out too late in the process what the tax consequences look like. Our goal in offering the tax analysis is for GWA clients to understand the tax consequences sooner rather than later and make sure the deal being put together is the most tax-efficient,” said Jamie Hargrove, AEP, CPA, Founder of Hargrove.
“We are excited to be able to offer this value-added service for our clients, particularly given the Hargrove alignment with Generational's core values and culture,” stated Heath Flock, COO with GG and Senior Executive VP, Alternative Investments with GWA.
About Generational Group
Generational Equity, Generational Capital Markets (member FINRA/SIPC), Generational Wealth Advisors, Generational Consulting Group and DealForce are part of the Generational Group, which is headquartered in Dallas and is one of the leading middle market investment banks in North America.
With more than 250 professionals located throughout North America, the companies help business owners release the wealth of their business by providing growth consulting, merger, acquisition, and wealth management services. Their six-step approach features strategic and tactical growth consulting, exit planning education, business valuation, value enhancement strategies, M&A transactional services, and wealth management.
M&A Advisor named the company the 2017 and 2018 Investment Banking Firm of the Year and 2020 Valuation Firm of the Year. For more information, visit https://www.generational.com/ or the https://www.generational.com/press-releases.
About Generational Wealth Advisors
Generational Wealth Advisors is an award-winning wealth management firm based in Texas that serves a nationwide client base. Their team of financial professionals delivers independent and objective financial advice. They work on the behalf of their clients and make decisions based on their needs, not on incentives to favor a particular strategy, asset class, fund manager or service provider. Their strategies focus on what has been proven, over time, to produce results. Learn more about them here: https://www.generationalwealthadv.com/.
Generational Wealth Advisors is an independent Registered Investment Advisor regulated by the United States Securities and Exchange Commission and does not provide legal or tax advice. Please see important disclosure information at: www.generationalwealthadv.com/disclosure-information
If you would like to learn more about their approach to supporting clients with effective wealth management services and strategies, discover Our Story.
About Hargrove Firm, Estate and Trust Attorneys
Hargrove Firm is a national estate planning and tax practice with offices across the country consisting of attorneys and CPAs. It helps individuals, and particularly business owners, plan their estate, financial, and business succession in the most tax-efficient manner. The firm utilizes technology, systems, processes, and tax professionals to deliver innovative solutions to its clients.
You can learn more at https://hargrovefirm.com/.
We are very happy with the end result, and are very happy to be able to move forward with all of our future growth plans.Rick Nowak, President/CEO, Kurz Electric Solutions, Inc.
Thank you again for all your guidance and support. Any company will achieve what they intend, if they have you on their team!Rick Nowak, President/CEO, Kurz Electric Solutions, Inc.
The help you provided us during each step of this process made us feel very comfortable and confident we were selecting the right approach to transition our Company.Andy Graham, Vice President, Modern Heating & Plumbing
Tom Staszak is one of the most professional people I have dealt with in my last forty years of business. You’ve got a great group of people and you have built a truly professional organization.Michael J Polarek, President, Paragon Packaging
Your wisdom and experience were invaluable to me during this once-in-a-lifetime transaction.Ralph Noblin, President of Noblin & Associates
T.D., thank you so much! You are a great leader! I love how you are using your gifts and talents to better others. You are clearly a GREAT COACH! This 3 day session undoubtedly changed the future of our business, and very well may have been the sole catalyst to save my company, my health and my marriage! A genuine “thank you” from the bottom of my heart.Bryan D. Horn, Owner, Over Under Clothing
Bruce and I wanted to take this opportunity to thank Generational Equity for assigning Musa Jagne to our transaction. In Bruce’s words, “Musa did one hell of a job for us!”Karen S. Williams, CFO, BW Manufacturing
Generational Equity educated and informed us – so that we could be on the upside of a good decision (to sell).Bil MacLeslie, CEO, ipHouse
I need to say an immense thank you to Don Ho for his stellar work ethic, attention to detail, and tireless effort. Also thank you to the whole crew at GE! Without you, Don could not do such a phenomenal job. We were shooting for closing and funding before the end of 2020, due to the uncertainty of the political landscape and taxes. I am happy to report we closed last week and will be funding tomorrow.Dr. Caty J. Catron PhD, RN, VA-BC – Owner, Vic The Picc, LLC
I would like to thank you and your firm, Generational Equity, for being our valued advisors in our journey.Bil MacLeslie, CEO, ipHouse
We are extremely pleased with the way Generational Equity handled the sale of our company. Your associates, Tom and Chris, did an outstanding job of getting us (me) through the process.Michael J Polarek, President, Paragon Packaging
I must say that I have never worked with a more driven, competent and focused individual as Don Ho.Jay Dinnison, Owner of Sharpe Mixers
I am pleased that I was able to work with Andrew Byrd throughout this experience. From the first meeting we had in Minneapolis I felt that I was in good hands. His knowledge and expertise is second to none. He guided the process consistently throughout. I feel lucky that I was pared with Andrew and could not be happier that I chose Generational Equity to handle this major life event. Thank you Andrew and GenEq for everything!Eric Erlandson, Owner, Action Fastenings, Inc.
Dear Chris and Andre, I just wanted to say thanks for all your help. Even though this process was not an easy one, it was comforting to know that I had a capable team standing beside me. You made me feel like we were almost your only client or at least the most important one. Thanks again, and I will recommend your service in the future.Shenille Engelhart, Owner – CLS Technology
The process was much more involved than I expected and your help, experience and advice was a big factor in making the negotiations go as smoothly as possible.Terry D. Wickman, President, Keytroller
Michael worked tirelessly, He followed every lead meticulously and urgently to make sure nothing was missed.Robert Evans, President and CEO of Mealtracker Dietary Software
We thank you Eric and Generational Equity making our dream come true.Larry Moore, Owner, A Company Portable Restrooms
Generational Equity’s assistance was invaluable in compiling and marketing our business.Bil MacLeslie, CEO, ipHouse
I couldn’t have asked for a better team than Michael and Deborah. We couldn’t have done it without them.Robert Evans, President and CEO of Mealtracker Dietary Software
We will highly recommend Generational Equity and Musa Jagne to any business owner about to embark on the same process.Karen S. Williams, CFO, BW Manufacturing
We were happy to see the interest in our company and what we cherished has not just a valuable company but an important company to the communities we served in.Larry Moore, Owner, A Company Portable Restrooms
I quickly recognized that Don was working for Sharpe Mixers above all else, and held our interests above others.Jay Dinnison, Owner of Sharpe Mixers
I wanted to write you a quick letter to express our appreciation and our delight on the outcome of helping us through the process of our recent sale. We are very happy with the end result, and are very happy to be able to move forward with all of our future growth plans.Terry D. Wickman, President, Keytroller
Thanks again Phil and feel free to have a future client call me if they would like a referral. You are a true professional!Andy Graham, Vice President, Modern Heating & Plumbing
We knew it would be a difficult task to have someone really understand our business and our market, prior to researching a possible buyer, so it was imperative that we found someone of your caliber, with definite proven experience in this area.Rick Nowak, President/CEO, Kurz Electric Solutions, Inc.
Greetings Mike. Thank you for the captivating and compelling presentation you made at the Phoenix presentation last week. Over many years in business yours was the most informative and well-presented presentation, on any subject, that I have ever attended! Your energy and enthusiasm combined with your concise and captivating support of your positions with easily understood examples and data was compelling.Pete L.
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