Modern Wealth, under the visionary leadership of its Founder and CEO Alan Rhode, CFP®, CPWA®, CVGA®, CEPA®, RLP®, has officially announced the launch of its proprietary advising process, which is designed to serve entrepreneurs, business owners, and other people from the similar stratosphere.
Understood to be a 3-step business advisory process, the stated approach makes it possible for owners to maximize their company’s value, align it with personal financial goals, and plan for a successful exit, while simultaneously ensuring future financial and personal fulfillment.
Talk about these three steps on a slightly deeper level, they begin by helping users understand the business’s current intrinsic value so to lay the foundation for informed decision-making. Here, Modern Wealth uses advanced tools like the Value Opportunity Profile (VOP) to calculate a company’s intrinsic value. The whole process markedly takes into account key metrics, such as operational efficiency, financial health, risk factors, and growth potential.
Furthermore, banking upon a comprehensive review; the stated process effectively identifies discrepancies between the current value and the desired market valuation. The idea behind doing so is to help owners pinpoint areas for improvement and prioritize investments.
“Our clients’ businesses are often their most valuable asset, but the value is often untapped,” said Alan Rhode. “With our Dynamic Plan, we seamlessly integrate the business side of things with personal wealth management and life planning. This ensures a comprehensive strategy that leaves no stone unturned. “Our proprietary tools and expertise help business owners understand not just where they stand, but where they need to go. This clarity is essential for crafting a roadmap to success.”
The next step would be to accelerate value through Modern Wealth’s business advisory framework. Having gained a proper idea of the business’ intrinsic value, Modern Wealth now focuses on accelerating growth by addressing key areas critical to sustainable value creation. These key areas include planning, leadership, people, sales, marketing, operations, finance, and legal functions within the organization. You see, by balancing improvement efforts across the given aspects, this framework ensures robust and long-term value creation.
Not just improvements, the company also looks to reach upon what would be the optimal value for those key value drivers. This involves a focus on operational efficiency in all departments, consistent sales growth, leadership alignment, and financial stability, with each driver chipping in to improve quality and reduce risk.
Markedly enough, the second step will also oversee integration with financial planning and wealth management. The idea behind facilitating such integration is to instigate improvements in cash flow, profitability, and scalability to inform and enhance broader wealth management initiatives, ensuring the owner’s personal financial goals are met.
“Value acceleration is more than just making the business profitable,” said Rhode. “It’s about creating a business that aligns with your personal wealth and life goals while ensuring it’s attractive to potential buyers or successors.”
The third and final step here is to do exit planning and prepare seamless transition options. For strategic exit planning, Modern Wealth crafts a tailored exit plan that addresses legal, tax, and financial considerations. This includes succession planning, ownership transitions, and contingency strategies.
As for transition options, the company will evaluate everything from Employee Stock Ownership Plans (ESOPs) and management buyouts (MBOs) to third-party sales or family transitions, empowering owners to find an option most suitable for them.
The final step also integrates life planning into the mix. By doing so, it ensures that owner’s vision for life post-exit is fully realized. Hence, no matter whether it’s pursuing personal passions, engaging in philanthropy, or embarking on new ventures, the firm’s life planning component delivers a fulfilling and fitting next chapter.
“Our goal is to make sure the business transition doesn’t just mark the end of one chapter but the beginning of an exciting new one,” said Rhode. “This isn’t just a transactional service; it’s a holistic partnership. By addressing every aspect of an owner’s life—from their business to their wealth to their personal dreams—we deliver an unparalleled client experience.”
