Here at Garrel Miani Financial Group, we offer a wide array of services to help business owners address their financial needs at every stage of the business life cycle. Taking into account personal values and financial goals, we create and execute customized strategies to help entrepreneurs meet their objectives. Here are some of our key services:
Wealth Management
and Retirement Planning
When assessing your retirement plan solutions, it's critical to understand the various strategies and retirement structures. From Safe Harbor 401ks, simple IRAs, SEP IRAs, profit sharing plans, defined benefit to cash balance plans, the list of options can be quite daunting. With the right creativity and vendors supporting you, the best plan for your business can be set into place. Working with your CPA and tax professional can also help bring things into focus.
Group Health
Insurance
Providing comprehensive health coverage to you and your employees does not have to be complicated or expensive. Through the various carriers and PEO’s we work with, we can help you assess your options and assist in implementing the best plan and health strategy for your company based on your geography, demographics and personal preferences.
Funding Buy-Sell Agreements
A buy–sell agreement is a legally binding agreement between co-owners of a business that governs the situation if a co-owner dies or leaves the business, whether by force or by choice. A funded cross-purchase buy-sell plan utilizes life insurance to help ensure that the arrangement is properly funded so that there will be money when the event is triggered.
Executive Benefits
The success of most businesses is tied into the talent, passion and work ethics of their key executives. Executive benefit packages can help you attract, motivate, and retain high-caliber employees and keep your company healthy and stable. We can help you with funding non-qualified plans, supplemental employee retirement plans, split dollar plans, and more.
Key Person Insurance
Key person life insurance offers a death benefit that helps indemnify an employer for the loss of one of its most important assets - the key person. This can help assure continuity of the business for employees, customers and creditors, and protect against losses in sales, momentum, and credit. It can also be used to assist with recruiting and developing a replacement for the employee.
Succession Planning
Succession planning allows owners to leave their business on their own timeframe while preparing their company to be transferred to family members, key employees, an outside party, or even a charity. This must be done in a way that achieves personal financial security, maintains harmony, and achieves maximum value for the business.
Funding Deferred Compensation
Deferred compensation is a written agreement between an employer and an employee where the employee chooses to have part of his or her compensation withheld by the company, invested on their behalf, and distributed back to them at a pre-determined point in the future. Deferred compensation can be used as a flexible way to attract and incentivize key employees.
