Small Business Financial Advisors and How They Help
A small business owner should consider working with a financial advisor as soon as the business grows beyond basic operations.
top of page
How 360 Financial Helps Business Owners
We serve business owners by allowing them to focus on what is most important to them – their business and family.
You devote your time and energy on managing a successful business, culture where employees can thrive and serve as the backbone of the American economy.
With all these responsibilities, it’s easy to overlook your personal financial well-being.
As a business owner you have obligations and assets that need to be managed carefully. Whether you’re planning on exiting the business soon or are in the wealth-building stage, we help you pursue your financial goals and prepare for the future.
Creating and protecting generational wealth is the result of careful wealth management, so selecting the right team is critical.
If taking care of your financial future is a priority, please get in touch.
When it comes to your wealth management and financial planning for business owners, you deserve the best advice and guidance.
The team at 360 Financial is not only knowledgeable and experienced but also incredibly responsive and accessible.
Whether it's planning for retirement, saving for our children's education, or building a robust investment portfolio, 360 Financial has been by our side every step of the way, offering guidance that is both strategic and forward-thinking.
In an industry where trust is paramount, 360 Financial has consistently demonstrated integrity, transparency, and a genuine commitment to their clients' success.
We wholeheartedly recommend them to anyone seeking not just a financial advisor, but a trusted partner on their journey towards financial prosperity.
Tom and Brenda Laska
Owners at Interior Care & Construction, Minnesota
My husband and I have been a client of 360 Financial for an impressive 20+ years.
Throughout this time, they have consistently exceeded our expectations in every aspect of financial planning and advisory services.
From the moment we first engaged with their team, we were struck by their professionalism, expertise, and unwavering commitment to our financial well-being.
They took the time to thoroughly understand our goals, concerns, and aspirations, crafting a personalized financial strategy that aligned perfectly with our needs.
What truly sets 360 Financial apart is their dedication to providing comprehensive and proactive guidance.
Client Testimonial
This statement is a testimonial by a client of the financial professional as of 04/03/2024. The client has not been paid or received any other compensation for making these statements. As a result, the client does not receive any material incentives or benefits for providing the testimonial.
Fee-Based Financial Planning for Business Owners
As an independent firm with a team of eight qualified financial advisors our goal is to provide outstanding service and personalized big picture planning. We are fee based fiduciary financial advisors who put your needs and goals first.
We don’t have hidden fees or sell packaged products that aren’t in your best interest. And we have many years of experience helping business owners with their financial planning and wealth strategies.
Should your financial advisor and financial planner be fiduciaries?
.png)
What Is Fee-Based Financial Planning?
We are a fee based firm. There are no hidden fees. When working with a fee based financial advisor you will pay a percentage of assets under management. This covers all the services provided by your advisory firm. At 360, you receive comprehensive wealth management services, and you don’t have to worry about hidden costs.
What Are the Benefits of Working with a Fiduciary?
A fiduciary financial advisor has a legal obligation to act in your best interests at all times.
Not all financial planners or advisors are fiduciaries. Thus, when looking for a wealth management team, it’s important to check the designations your advisor has.
The main benefit of working with a fiduciary is that you can have confidence knowing your advisor is always acting in your best interest.
They aren’t sales people working for a commission.
They are there to guide you towards achieving your financial goals and help you weather the ups and downs of the markets.
Wealth Managers and Financial Advisors for Your Small Business
Build and Preserve Your Wealth
All of 360 financial’s advisors with Certified Financial Planner (CFP) designations can build a complete financial plan for you.
Your financial plan will include income planning, tax strategies, investment management, legacy planning, and risk management.
If you’re a business owner, your financial plan will take this into consideration.
Wealth management is critical for business owners because your time and energy is valuable.
Wealth management is critical for small business owners because your time and energy is valuable.
We serve as your dedicated and experienced all-in-one team that specializes across wealth management, tax planning, estate planning and risk management.
Our LifeWealth process revolves around what matters to you the most and building a customized plan for your family.
Mike Rogers, Founder, AIF®
360 Financial was founded by Mike Rogers, an accredited investment fiduciary with many years of experience in the financial services industry.
When he started the firm, Mike’s purpose was to create an advisory firm that would provide the absolute highest levels of service to hard-working professionals and business owners. Today, this mission continues. 360 Financial helps its clients leave a positive legacy and align their finances with their big picture plan.
360 Financial’s Services for Business Owners
.jpg)
Personal Financial Planning
Your personal financial plan is crucial to building a successful future and your business tends to play a large role in that picture.
By taking a proactive approach we can help maximize retirement savings, build an investment strategy customized for your goals, minimize tax liabilities and establishing a LifeWealth Plan for life during and after your business.
Retirement Planning
We play a pivotal role helping business owners and self-employed people develop a plan to save for a work-optional life and have a successful retirement.
This includes our team overseeing everything from evaluating your current financial situation and maximizing tax-efficient retirement savings to helping navigate important decisions around Social Security, Medicare, etc.
Exit Planning
Our team can be instrumental in helping business owners navigate the complexities of a successful exit.
We have a network of professionals that can help minimize tax implications and create a plan for a smooth transition.
Whether through merger or acquisition, initial public offering (IPO), employee stock ownership plan (ESOP), or intra-family succession, we will help throughout the process.
Succession Planning
A succession plan requires readiness by not only the business owner but the successors to facilitate a smooth transfer.
We can help recommend tax-efficient strategies for succession, assess risk management and estate planning implications.
Our team can build customized strategies, whether it involves selling the business, passing it on to family members or employees, or other options, based on the owner’s goals and circumstances.
Investment Management
It’s common that a portion of a business owner’s wealth is tied to their business.
We can help manage this balance to build an investment strategy to diversify your portfolio and sustain wealth during and after the succession process.
Our Investment Committee has over 200+ years of combined experience and proactively manages the portfolio management on behalf of clients.
Estate Planning
We work in conjunction with estate planning attorneys to ensure that wills, trusts, and other estate planning documents align with your financial aspirations and are focused on what you care about most.
Estate planning is typically one of the areas our clients are most concerned about as they want to leave a positive legacy and protect their families.
Insurance Planning
We have in-house insurance professionals who can provide invaluable assistance with respect to risk management.
Our team will conduct a comprehensive insurance coverage review and identify potential vulnerabilities. We can help implement a tailored insurance strategy that addresses risks and aligns with your evolving needs.
Charitable Giving
We serve business owner’s charitable giving aspirations by creating and implementing tax-efficient gifting that aligns with their personal values.
With our expertise, we can utilize charitable vehicles such as donor-advised funds or foundations, or identify highly appreciated securities to help support causes you care about incorporated in your LifeWealth Plan.
Employee Retirement Plans
Our experienced team can help you determine what retirement plans make sense given the financial goals of you and your employees.
We guide business owners through the plan selection, implementation, employee education and investment monitoring.
Tax Planning for Small Businesses
Work with a CPA you can be confident in.
Our strategic partnership with Rapacki + Co, a respected CPA firm based in Edina, MN offers a professional team for business owners. We have experience to help you create or improve a successful enterprise from entity selection, bookkeeping, support in preparation of financial statements to comprehensive tax services throughout your business.
Tax/accounting/CPA related services offered through Rapacki & Co. DBA 360 Financial Tax Strategies. Rapacki & Co. is a separate legal entity and not affiliated with LPL Financial. LPL Financial does not offer tax advice or Tax/accounting/CPA related services.
What Do You Want to Leave Future Generations?
Your financial plan is a step-by-step guide to help you pursue your goals.
Our process revolves around asking important questions to gain an understanding of your financial and legacy goals.
We then can develop a comprehensive plan to prepare and transfer generational wealth to your heirs. Whether it’s supporting your family, leaving a charitable legacy or other aspirations, our LifeWealth process is designed to help you achieve your desired legacy.
A robust financial plan goes beyond just managing your money.
It ensures your financial decisions align with your life objectives, enabling you to confidently navigate life’s uncertainties and build a secure future. Financial planning is one of the essential elements you need when building wealth and pursuing financial independence.
What Are Your Values and Goals?
When deciding which wealth management team to meet with, it’s important to make sure your advisory team’s values align with yours.
At 360 Financial, we believe in F.O.R.M which stands for Family, Occupation, Recreation and Money to help us clearly understand what matters to you most. We welcome a conversation on how we can assist with your financial and business goals.
Your investment advisor should be your partner in pursuing your goals.
We believe that your investment advisor and financial planner should be working right beside you with your best interest at heart at all times. We believe that your financial advisor should be caring, open, and honest. They should give you a comprehensive plan by looking at your entire financial picture.
Finally, your financial advisor should meet with you annually to review your financial plan and investments and make changes as necessary.
.jpg)
CFP®
Certified financial planners (CFPs) are financial advisor trained in comprehensive financial planning, from retirement to estate planning. CFPs are fiduciaries and as such are bound by a strict code of ethics. They have comprehensive knowledge about a range of financial topics and offer personalized financial plans.
AIF®
AIF stands for Accredited Investment Fiduciary. Financial advisors with the AIF designation have a fiduciary responsibility and deep knowledge of investment processes. They understand optimal investment practices and are qualified to help individuals and businesses with complex investment management and wealth management needs.
CPWA®
CPWA stands for Certified Private Wealth Advisor. A CPWA is professional trained in the needs of high-net-worth individuals. They understand complex financial situations and can handle sophisticated investment and wealth planning needs.
Designations to Look for in a Wealth Management Team
What Is the Cost of Not Having a Strong Financial Team?
It only takes one wrong financial move to wipe out an entire lifetime of wealth building.
The cost of not having a robust financial plan and wealth management team can be significant.
Without a clear plan, you may be missing out on opportunities to protect your wealth and prepare for the future.
Many people think that you have to have $100M in assets to have a wealth management team that looks out for your entire financial big picture—but that’s not the case.
We believe that a comprehensive financial plan and wealth management strategy is critical for financial security and confidence in your plan.
Common Questions:
Many financial planners and wealth management teams charge a 1% fee, which may not include the investment fees. Some underlying investments—such as certain mutual funds—within your portfolio may have costs over and above what you pay for financial advice.
What is a normal fee for a financial planner or wealth advisor?
The terms financial advisor and a financial planner are used interchangeably. We recommend that you work with a Certified Financial Planner that is a fiduciary.
What is the difference between a financial advisor and a financial planner?
Mike Rogers, our founder and president, is part of LPL’s Chairman council which is awarded to less than 1% of advisors and based on annual production among LPL Advisors. LPL Financial is the largest brokerage firm in the nation with over 20,000 advisors, ss reported by Financial Planning magazine, 1996-2022, based on total revenue. LPL is the #1 Independent Broker/Dealer in the US1 and the #3 RIA Custodian in the US2.
Does your firm receive recognition for production?
Most of 360 Financials’s clients have a portfolios of $1M or greater. Typically, we work with clients with $1M or more in investable assets or the ability to get there. If a client is younger, and building wealth, we know they will be able to grow their wealth to have $1M or more in assets at retirement.
How much money do I need to have to work with you?
You don’t need to bring anything to the first meeting. The first meeting is a conversation about your overall financial picture and your goals, so you don’t need to bring any paperwork.
What should I bring to my first meeting with you?
Click below to schedule a Zoom meeting or phone call. Or email or call Emily at our main office. She will send you a scheduling link to choose a date and time that work best with your schedule.
How do I schedule a call or meeting?
$550M + as of 6/7/2023.
What are 360’s assets under management?
At 360 Financial we have many CFPs in our office.
Are you certified financial planners?
To get started, we encourage you to schedule a call below to meet with one of our team members. You’ll be asked questions and get a better feel for what makes 360 different and why we’re about to provide such excellent service to our clients.
How do I get started?
We charge assets under management (AUM) fee. Essentially that means we charge a fee on the assets that we manage. It’s a percentage of your account value. We are always transparent with our service and investment fees. And we believe that you should always ask your financial advisor about the all-in cost.
How do you charge? What is your cost structure?
.jpg)
.jpg)
.jpg)
Schedule a 15-minute call with a 360 Financial advisor to find out if we're the right fit, how we can help you, and how the process works.
Speak with a Fiduciary Financial Advisor
Get the best financial guidance for your exact situation and goals.
No more cookie-cutter solutions or high-cost products.
bottom of page