How to sell your business
If you had to boil “selling a business” down to one word, we might pick complicated. Selling a business requires owners to think through tax, legal, and financial considerations for themselves and the business. Beyond that, many owners have an emotional connection to what they’ve built, meaning there’s a certain X factor involved when it […]
A cheat sheet for selling your business
It’s easy to get lost in the many moving parts of selling a business. In this cheat sheet, we’re breaking down the various components and players to help you keep track of who’s who and what’s what. ACRONYMS TO KNOW Because of the complexity that comes with selling a business, many experts try to […]
How to manage the emotional impact of sudden wealth
A sudden influx of money—the kind that comes from an inheritance, settlement, sale of a business, or similar big money event—can come with emotional strings attached. In fact, large paydays have such an emotional impact that therapists have begun referring to the phenomenon as sudden wealth syndrome. While it isn’t a clinical diagnosis, numerous psychologists […]
4 life insurance tips
At Quorum Private Wealth, we don’t sell life insurance, but we do help clients evaluate how their policies fit into their broader financial plans.
How to build generational wealth
There’s a proverb about wealth that’s so prevalent we see versions of it across countries and cultures: shirtsleeves to shirtsleeves in three generations. In other words, family wealth never survives more than three generations. The Scots put it even more bluntly: The father buys, the son builds, the grandson sells, and his son begs. To […]
You inherited money—now what?
Inheriting a significant amount of money is rarely a bad thing. But it does come with a unique set of challenges that aren’t always apparent. If you don’t have experience with large sums of money, you may not know what questions to ask or the pitfalls to avoid. This guide can help you cover your […]
What is a GRAT?
Acronyms can make different financial products sound intimidating. Quorum’s Mike Barry explains what a Grantor Retained Annuity Trust is, how it works, and why you might want to establish one. Registered Representatives of Sanctuary Securities Inc. and Investment Advisor Representatives of Sanctuary Advisors, LLC. Securities offered through Sanctuary Securities, Inc., Member FINRA, SIPC. Advisory services […]
