Joe Class III’s Post

Family dynamics are just the tip of the iceberg of what family-owned businesses deal with on a daily basis. Read more in the latest issue of Mainebiz. https://ow.ly/hbGQ50U1uHK

🌟 Red Deer Professionals and Business Owners! 🌟 📅 Save the date: May 29th! 📅 Join KRALL & WILLIAMS GROUP and Kevin Walsh from MNP for an exclusive seminar at the prestigious Red Deer Golf and Country Club, starting at 6:30 pm. This is your golden ticket to unlocking financial prosperity! Here's what you can expect: 🔍 Dive deep into crucial topics that will revolutionize your financial future: 1️⃣ Tax Efficiency: Navigate recent changes in capital gains inclusion rates and learn strategies to minimize taxes, ensuring you keep more of your hard-earned money. 2️⃣ Retirement Income Planning: Forge sustainable income streams and growth avenues for your golden years. 3️⃣ Legacy Planning: Ensure your wealth benefits the next generation according to your wishes. 4️⃣ Succession Planning: Safeguard your business's future with a seamless transition that preserves your profits. This seminar is tailor-made for individuals with $500,000 in investible assets or businesses worth over $1 million. Don't miss out on: ✅ Practical steps and actionable strategies tailored to YOUR financial journey. ✅ Insight from real comprehensive wealth planning experts. ✅ Answers to your burning questions. Seats are limited to 15, message me directly to reserve your spot today! https://lnkd.in/gw5wbwCu

Every big dream starts with a small step. As we enter 2025, let's make this the year of turning aspirations into achievements. What’s the one big goal you’d save for this year? Share with us and let’s take that step together #SavingForDreams #AlfalahInvestments #NewYearNewGoals #InvestmentForAll

Happy New Year from Harbor Trust. We are stepping into 2025 with excitement and big plans for the year ahead. Here's to a year of growth, success, and making a difference together. #HappyNewYear #HarborTrustWealthManagement

Today's CAP Board Spotlight is on Derrick Bryant, Senior Vice President of Finance at ICE. We are very thankful for his dedication to CAP's mission! Our dedicated board of directors helps bridge our mission with the needs of our community. Please join us in getting to know them and celebrating all they do for our community. ❓How long have you lived in Jacksonville? 🅰️ I’m a Jacksonville native. ❓What are three adjectives you’d use to describe yourself? 🅰️ Authentic, Confident, Optimistic. 😎 ❓What’s your favorite thing about CAP or the CAP Board? 🅰️ The investment and promotion of youth creativity. ❓What’s the best piece of advice you ever received? 🅰️ Talent alone is never enough.

Strategic planning finished with our own Elmer Fudd (Todd Vincent) taking aim at a critter that didn’t belong at the ranch. Good way to wrap up a week of putting our 2025 targets in sight. If we can harness his marksmen abilities in hitting these ambitious goals we will be just fine! Excited to share an update on where we’ve been, where we are, and where we’re going next week with the firm! If you want to go fast, go alone. If you want to go far, go with Cedarwood Financial Partners! THE FUTURE LOOKS BRIGHT!!! #DEVOTED

Do you know your family business’s reinvestment rate? Banyan partner Rob Lachenauer, Banyan principal Andrew Bahnfleth, and Banyan senior advisor, Hans Latta, explore why this may be the most important number for family business owners to set in this Harvard Business Review. Rob shares his thoughts on why this matters so much and what your reinvestment rate says about your intentions in this video: https://lnkd.in/gxUywy9a #FamilyBusiness #Ownership

Here is the latest Market Roundup. Enjoy this quick read!

BDO Business services partner Jodie Knowlton features heavily in a story on succession planning for farming families in today’s AFR. Jodie says succession planning among farming families is particularly challenging because there isn’t that typical separation between home and business that you get with “normal family businesses”. “Emotion is a huge factor. It’s not just something financial. It’s the place where the family had Christmas, where people grow up.” This is where seeking outside advice and counsel can help work through the many challenges of succession planning, says Knowlton. Every family is different.