2/13 Strategic Partners’ goal is to exceed your expectations by providing holistic advice on the entirety of your financial life. Our podcast is focused around navigating your financial world and helping you with a process that delivers confidence grounded in a clear path forward. We believe that every one of our clients has a unique circumstance that warrants a custom solution. For more information about our team visit our website: 213strategicpartners.com or contact us at 213strategicpartners@hightoweradvisors.com | 610-850-9050.
Episodes
Monday May 24, 2021
Pre-Transaction Checklist with Jennifer Hartt
Monday May 24, 2021
Monday May 24, 2021
In this episode, Greg Sarian, CEO and founder at Sarian Strategic Partners, speaks with Jennifer Hartt, Director of Investments, Health & Digital Health at Ben Franklin Technology Partners. Jennifer oversees their life sciences portfolio and has closed over 150 investments. Jennifer talks about key issues to addressing your checklist at both an entity and personal level as you guide your company towards an event.
“Everyone founding a company and going through this should realize they will make mistakes. It’s not a game of perfection, but making sure that you get enough guidance along the way to help avoid some of them is really valuable.” -Jennifer Hartt [05:59]
What You Will Learn:
- [01:31] Best practices in the early stage towards a successful outcome
- [03:47] Some mistakes Jennifer has seen
- [06:13] Catalysts to get a better outcome
- [09:25] Why it’s important to have a strong sense of equity evaluation
- [14:34] The importance for the executive to consider multiple outcomes
- [19:41] Resources for legal questions or to address issues
- [25:28] When to convert to full-time employees
Resources:
Visit our website: sarian.hightoweradvisors.com
Visit Ben Franklin Technology Partners: sep.benfranklin.org
Friday Apr 23, 2021
Planning Strategies to Reduce Risk When Approaching a Transaction
Friday Apr 23, 2021
Friday Apr 23, 2021
In this episode, Greg Sarian, CEO and Founder at Sarian Strategic Partners, speaks with Stephanie Hyde with PE Risk and Wayne Crowther from Odell Studner about risk management while a company moves through an event such as selling the company or going public. They discuss what to think about at the entity level to mitigate, control and manage risks as well as key planning strategies to reduce risks on the individual side.
“It’s really important that you think about having those insurances in place, what they’re going to cost you on an annual basis and then thinking about what it’s going to cost you when you put those policies into run-off at the time of a transaction close.” -Stephanie Hyde [04:18]
What You Will Learn:
- [02:26] Issues to think about before a company goes public
- [04:32] The one-time and ongoing costs when gearing up for a sale
- [06:47] Things to look for in a purchase and sale agreement
- [08:51] What to decide before a company files an IPO
- [11:21] Why have an contingency plan with personal risk management
- [13:31] Where to secure disability insurance coverage
- [15:16] How they advice during the selection of liability limits
Resources:
Visit our website: https://sarian.hightoweradvisors.com
Visit PE Risk: https://www.pe-risk.com
Visit Wayne Crowther: https://www.odellstudner.com
Friday Apr 23, 2021
The Future of Social Security with Ray Baraldi
Friday Apr 23, 2021
Friday Apr 23, 2021
In this episode, Greg Sarian, CEO and Founder at Sarian Strategic Partners, speaks with Ray Baraldi, Senior Financial Advisor, about the future of social security and what it means for financial planning.
“This isn’t going to be something that’s really top of mind here coming out of COVID and some other things that we’re going to see a change in the next three to five years. But certainly, in the 10 years or so, I think this is going to become much more talked about and we are likely to see some change there.” -Ray Baraldi [10:28]
What You Will Learn:
- [01:18] Why discuss this topic
- [02:13] How social security has changed
- [04:21] Some of the biggest concerns
- [07:54] How social security could address this shortfall
- [10:44] How to change the thinking about social security
- [13:48] A tool that strategies your financial plan
Resources:
Visit our website: https://sarian.hightoweradvisors.com
Monday Mar 22, 2021
Monday Mar 22, 2021
In this episode, Greg Sarian, CEO and Founder at Sarian Strategic Partners, speaks with Marcia Zaruba-O’Connor, CEO and founder of The O'Connor Group, about guiding your team as your company moves towards an event like a sale or initial public offering (IPO). They share some key issues that founders and executives need to think about well in advance of that transition. Listen as they discuss what important things the company should do at an entity level and how to educate the team at a personal level.
“You need to have a good communication plan about what you’re doing, how you’re putting it together and making sure people feel calm and all too.” -Marcia Zaruba-O’Connor [04:50]
What You Will Learn:
- [02:02] Why it’s important to have an HR team in place
- [03:07] Why it helps to have a Human Resource Information System (HRIS) set up prior to the change
- [04:31] How to guide and prepare people
- [05:43] How recruiting change
- [07:58] Key changes to the equity that an executive needs to pay attention to
- [11:42] Changes to benefits and retirement plans
- [17:48] Difference between a traditional IRA vs a Roth IRA
Resources:
Visit our website: https://sarian.hightoweradvisors.com
Visit The O’Connor Group: https://tocgrp.com
Wednesday Feb 17, 2021
The Importance of Pre-Transaction Planning with Sarah Djamshidi
Wednesday Feb 17, 2021
Wednesday Feb 17, 2021
In this episode of the Sarian Strategic Partners Podcast, Greg Sarian, CEO and Founder at Sarian Strategic Partners, speaks with Sarah Djamshidi, President and Managing Partner at Speedshift Advisors, about pre-transaction planning or exit planning. They discuss why a thoughtful plan is key for a successful outcome and some things to consider that will make a difference at the closing table. Sarah also shares some outcomes she has seen helping over 200 companies as an exit planning advisor for almost 20 years.
“Know your end game. And what I mean by that is, at a company level, is ultimately figure out what you want to do with the company.” -Sarah Djamshidi [15:02]
What You Will Learn:
- [02:21] Why it’s important to have direction for your company’s growth
- [05:04] Reasons to have an exit plan
- [07:08] Some bad outcomes for not having plan in place
- [10:31] Positive outcomes for those who embrace a pre-transaction planning process
- [14:39] Why you should know your end game
- [17:26] Tax issues that founders can plan for ahead of time
- [22:02] Gifting and trust strategies to consider before an exit
- [24:42] How they help a business founder determine their valuation
- [27:30] Other ancillary planning issues to consider
Resources:
Visit our website: https://sarian.hightoweradvisors.com
Visit Speedshift Advisors: https://speedshiftadvisors.com/
Tuesday Jan 19, 2021
Going public through IPO process with Ray Baraldi
Tuesday Jan 19, 2021
Tuesday Jan 19, 2021
In this episode of the Sarian Strategic Partners Podcast, Greg Sarian, CEO and Founder at Sarian Strategic Partners, speaks with Ray Baraldi, Senior Financial Advisor, about the initial public offering (IPO) process. One trend that has occurred despite the COVID-19 pandemic is that a number of companies have gone public with IPOs. Greg and Ray both discuss important things for executives to consider before, during and after their company goes through the process.
“I think the biggest thing on executives’ minds is taxes.” -Ray Baraldi [09:53]
“What we always advise our clients is the best tax planning is done well before the taxable event to control and mitigate those taxes.” -Greg Sarian [10:29]
What You Will Learn:
- [1:50] How a company’s equity ownership could change from going private to public
- [6:09] Issues executives should consider as they plan how thier capital becomes liquidity
- [9:44] Big tax implications
- [13:17] Some estate planning strategies
- [16:17] What executives should think about when diversifying their company stock after an IPO
- [18:42] The importance of forming an advisory team
Resources:
Visit our website: https://sarian.hightoweradvisors.com
Monday Dec 14, 2020
Key Pre-Transaction Planning Strategies During Challenging Times
Monday Dec 14, 2020
Monday Dec 14, 2020
As the economy continues to recover from the effects of the slowdown of the COVID-19, we are observing our national debt exceed record levels. In a slower growth environment, founders and executives of early stage, growing companies may need to be more thoughtful and resourceful as they position themselves and their companies for a transaction. In this episode of the Sarian Strategic Partners Podcast, Greg Sarian CFP, CEO & Founder at Sarian Strategic Partners speaks with Ken Taormina about pre-transaction strategies to consider during challenging times.
Ken is the President and Founder of Cortland Advisors LLC and was the CEO and Co-Founder of Nablis LLC.
Ken has been the lead architect in the creation, development, and growth of companies in the professional services areas of global software services, corporate strategy, enterprise information systems, and digital Industrial Internet organizations and teams. He has proven expertise in digital engineering, enterprise, m2m, connected vehicle, mobility, cloud, and data analytics leading global organizations through successful transformation, growth and change.
Starting with their own experiences, they end up giving powerful tips and tricks to sell your company.
Tune in Now!
Conversation Highlights:
[01:55] Planning to sell? (Some important things to consider)
[04:14] The need to hire a law firm.
[06:48] CAUTION : Do not make these mistakes.
[10:21] Make yourself stand out among the crowd. But how?
[12:09] Have you ever thought about the net outcome of your company?
[14:18] Marrying tax planning with philanthropy!
[15:06] Issues with partner/family-owned company.
[19:22] A lack of time?
Remarkable Quotes:
"Selling your company, sell it at the right time!"
"Now is not the time unless you absolutely have to."
Special Reminder
Make sure to check out Cortland Advisors.
Reach out to Ken:
- On LinkedIn
- At Cortland Advisors
If you enjoyed this episode of the Sarian Strategic Partners Podcast, then make sure to Subscribe to our podcast.
Connect with Greg on LinkedIn and check us out at Sarian Strategic Partners.
Tuesday Nov 03, 2020
Tax Planning in a Potential Tax Rate Increase
Tuesday Nov 03, 2020
Tuesday Nov 03, 2020
In this episode, Greg Sarian CFP, CEO & Founder at Sarian Strategic Partners speaks with Lisa McLemore CPA, Tax Principal at RSM about the potential increase in tax rates and how that will affect tax planning for both executives and business owners. She shares some tips on how business owners should plan their taxes for 2020 and forward.
Listen in to learn some strategies on how to minimize tax impact for both people building first-generation wealth or multigenerational wealth.
What you will learn:
- [1:39] How people are going to accelerate tax income while holding deductions for 2021 and forward when the rates move.
- [4:52] The importance of business owners holding losses into 2021 which may be valuable in the future.
- [7:47] The value of using evaluation professionals for those looking to monetize and pursue gifting strategies.
- [8:19] Why this is the best time to move significant money and wealth without adverse tax impactors.
- [10:50] How people are starting to think of more than wealth management and looking more into the lowest state tax rates in a bid to maintain their wealth.
Contact Us
https://sarian.hightoweradvisors.com/