For Immediate Release
Media Contact: Chris Fiscus (602) 254-7312; ChrisFiscus@mosesanshell.com
PHOENIX, January 18, 2011 – WealthPoint, LLC, a leading provider of succession, exit and wealth transfer planning to affluent clients throughout the U.S., today announced the acquisition of Phoenix based Liquidity Partners and a merger with Pivotal Financial. Terms of the deals were not disclosed.
“These transactions will benefit owners of closely held businesses in much the same way family offices have managed to organize and simplify complex matters for their ultra affluent families,” said WealthPoint founder, Ryan Barradas. “We have effectively become a ‘Family Business Office’.”
Liquidity Partners, owned by Paul Harding and Tim Young, helped clients maximize the value of their privately-owned businesses and plan for their eventual exit. “The three firms combine talents, resources and tools to create a process that helps entrepreneurs plan the same way that they think,” said Liquidity’s Harding. “Entrepreneurs spend a lot of time talking about proper planning, but for one reason or another, it never gets done. We believe it’s because they’re presented with a planning process rather than a decision–making process.”
Pivotal Financial, owned by Michael Olson, provided comprehensive planning and financial services to self-made entrepreneurs for the past 13 years. “Self-made business owners are the best instinctual decision makers in the world, yet ironically, they can’t figure out what to do next,” said Pivotal’s Olson. “By merging our processes, we help people address their financial affairs in the same manner they think through entrepreneurial choices. We cultivate their natural ability to achieve instinctual clarity.”
The acquisition and merger clearly strengthens WealthPoint’s ability to assist self-made entrepreneurs plan for the future. Another key reason many clients stop short of taking action is a fear of what they’ll have to do next in terms of pushing all of the financial, legal and business aspects to fruition. “We eliminate that complexity and replace it with leadership,” said Liquidity’s Young. “We take project management responsibility far beyond the plan design and take accountability for maintaining The Pulse of Progress.”
Long-term planning is especially critical today as the “Baby Boomer” generation ages at a rapid pace. For Boomer owners, the demographic clock is ticking. Boomer demographics, the law of supply and demand, the state of today’s merger and acquisition market and the “Boomer Mindset” constitute the “perfect storm” for Boomer business owners. There are opportunities if prepared to sell the business now and significant dangers if they delay. WealthPoint is uniquely positioned to help this group navigate what lies ahead.
