EP 005: How a Financial Assessment Process Works - Part 5: Family Considerations and Family Succession

https://is1-ssl.mzstatic.com/image/thumb/Podcasts112/v4/ef/2f/a4/ef2fa444-dcc6-4d09-16c1-48616ed485ba/mza_5217832847355559868.jpg/600x600bb.jpg

Virtual US Financial Advisor

Presented by Be Eminent

26 episodes

4 hours ago

Join Hannah Mitrea as she converses live with the leading financial advisors with years of experience in the industry. This podcast brings you financial stories, strategies, and industry-relevant facts straight from today's top financial minds. Listen now to the most influential people who will be delving into various aspects of finance and attempting to explain them. Want to be a guest on this podcast? Visit www.virtualusfinancialadvisor.com

Investing

Business

RSS

All content for Virtual US Financial Advisor is the property of Presented by Be Eminent and is served directly from their servers with no modification, redirects, or rehosting. The podcast is not affiliated with or endorsed by Podjoint in any way.

Investing

Business

https://d3t3ozftmdmh3i.cloudfront.net/production/podcast_uploaded_nologo400/26990392/26990392-1655846064104-54b14294c8dab.jpg

EP 005: How a Financial Assessment Process Works - Part 5: Family Considerations and Family Succession

Virtual US Financial Advisor

11 minutes 53 seconds

3 years ago

EP 005: How a Financial Assessment Process Works - Part 5: Family Considerations and Family Succession

Hello and welcome to the Virtual U.S. Financial Advisors podcast. In this fifth part of our series, our guest, Matt DiFrancesco goes in-depth as he discusses his financial assessment process and shares some insights on family considerations and succession planning.

Matt DiFrancesco is the Founder, Principal, and Member of High Lift Financial. His current focus is in the automotive repair/collision space, but he also works with a number of different family businesses out there.

Join us today as Matt discusses the value of having the family involved in planning for the future of the business and why family meetings are vital.

He also talks about:

(03:30) The first step in planning for the family business succession
(04:44) Why does he prefer the founders of these family businesses to share their story
(06:23) The importance of finding out what your child’s passion and interest are
(07:09) The steps to take to encourage the child to learn how to take over the business
(08:53) How to overcome situations where the next generation has no interest in taking over the business

Get a copy of Matt’s one-page assessment chart here: https://bit.ly/3tVosaq

P.S. Each person’s financial concerns are different. To take your financial assessment with Matt, go to www.highliftfinancial.com and click on Let’s Talk.

DISCLAIMER

The information compiled and posted here solely represents the opinions and views of the guest. It might not be similar to the opinions and views of High Lift Financial. It is not a substitute for tax or legal advice or professional investment.

Always consult your financial advisor with any personal or business planning queries. DiFrancesco Financial Concierge, LLC. d/b/a High Lift Financial is a Registered Investment Advisor registered with the State of Pennsylvania and subject to the State of Pennsylvania’s regulatory oversight.

ABOUT OUR GUEST

Matt DiFrancesco has worked with family businesses of various kinds over the past three decades. During that time, he has established himself as a valued advisor in all aspects of family businesses, from customized retirement plans and financial planning to cash management planning.

Today, Matt is the Principal and Financial Technician for automotive repair professionals at High Lift Financial where he and his team of professionals help small to mid-sized family business owners (including those from outside the automotive industry) navigate all of the critical financial events that happen inside and outside their business.