The Most Important Planning Happens Long Before a Liquidity Event – RCM’s Head of Wealth Strategy & Planning in Family Wealth Report

The Most Important Planning Happens Long Before a Liquidity Event - Rockefeller's Head of Wealth Strategy & Planning Featured in Family Wealth Report

In an article for Family Wealth Report, Timothy Laffey, Head of Wealth Strategy & Planning at Rockefeller Capital Management, advises business owners to plan for their family's wealth well in advance of a sale or other liquidity event.

A sale is often the largest financial event of a business owner's life, and one they may have spent years preparing their business for. But business owners should also prioritize important life and wealth planning considerations for their family. Early, intentional planning encompassing cash flow and lifestyle considerations, tax planning, wealth transfer, and philanthropy creates opportunities that can be lost without a thoughtful timeline.

Timothy also suggests that business owners build the right team of advisors and prepare future generations for wealth.