For Business Owners

Here at Wyatt Brothers Financial LLC, 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 their personal values and financial goals, we create and execute customized plans to help entrepreneurs meet their objectives. Some of our key services are detailed below.

Group Benefits

In order to best assist our clients in creating a benefits program that meets the needs of their company and its environment, our team conducts a multifaceted assessment of any pre-existing benefit programs. This assessment looks at factors such as demographic information, employee contribution strategy, historical claim utilization data, and current benefit plan offerings, thus allowing us to locate and address any inefficient or lacking components in the program. Once completed, we will work with our clients to come up with a benefits plan that satisfies their financial budget as well as the needs of their company’s employees.

After a plan has been established, our next step is to determine whether or not this core benefits plan fully meets the goals of our client and his or her employees. If the program alone is not enough then our team of experts will discuss voluntary benefits programs, which provide flexibility for our clients as they work to satisfy both their own budget and that of their employees. Our ultimate goal is to find a balance between core benefits plans sponsored by the employer and voluntary benefits paid for by the employees. Working together, the two programs complement each other to create a sustainable solution.

As we work to build a plan of benefits and manage the expenses of employee health care, our areas of expertise extend into both traditional network based managed care plans and consumer directed programs. Our team has worked in the arena of health care management for years and as a result, we can direct our clients to the best vendors for their needs and budget. This includes, but is not limited to, subsidiary services such as employer and/or employee paid dental, disability, and Life/AD&D.

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 non-qualified plans, supplemental employee retirement plans, split dollar plans, and more.

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.

Key Person Insurance

Key person life insurance offers a death benefit that indemnifies 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 protects against losses in sales, momentum, and credit. It can also be used to recruit and develop a replacement for the employee.

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 ensure that the arrangement is properly funded so that there will be money when the event is triggered.

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.

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