CLEVELAND, OHIO – (OCTOBER 2022) – For the 6th consecutive year, Frank Fantozzi, CPA, MST, PFS, CDFA, AIF®, CEPA, President and Founder of Planned Financial Services, participated on the 2022 Smart Business Family Business Conference and Business Longevity Achievement Awards panel of business owners and leading industry experts where he shared his insights on the different challenges family-owned businesses face. The event was held on September 29, 2022, at Corporate College East. This year also marks the 6th year that Planned Financial Services has been a sponsor of the annual awards program, which recognizes Northeast Ohio companies that are committed to enhancing the family business dynamic.
As a Certified Exit Planning Advisor (CEPA) and an active member of the Northeast Ohio business community for nearly three decades, Fantozzi brings a unique understanding of the complex challenges private and family-owned businesses face. Fantozzi shared his perspective on today’s increasingly complex environment for business owners and steps they can take to manage risks and further strengthen their businesses during uncertain times. According to Fantozzi, it’s critical to treat exit planning as an ongoing business strategy and start early to mitigate the risks associated with the “5 Ds” (death, disability, divorce, disagreement and distress) that could dictate unforeseen outcomes. An exit planning strategy can help:
- Determine the state of readiness for the business and business owner to successfully transition the business and unlock accumulated wealth.
- Improve the probability of a successful transition on the owner’s terms.
- Drive wealth creation by creating best-in-class key performance numbers, which can lead to higher sales multiples.
Fantozzi and his team at Planned Financial Services, a registered investment advisor (RIA), strive to help simplify the complex needs of business owners and high-net-worth families in the key areas of wealth accumulation, investment management, business succession, executive compensation, estate conservation, charitable giving, multigenerational planning, and retirement and employee benefits through services including Complete Family Office (CFO)SM, Personal CFOTM and 401(k) Prosperity.
About Planned Financial Services
Planned Financial Services is an independent financial planning and wealth management firm located in Cleveland, Ohio that employs a team approach to providing individuals, families, and businesses access to a full suite of financial, advisory, investment, Personal CFOTM , Complete Family Office (CFO)® and business exit planning services. The Registered Investment Advisor (RIA) has had a strong presence in Northeast Ohio since 1994 and advises clients in multiple states. The firm’s experienced team of wealth advisors is committed to helping clients improve their Return on Life® through insightful analysis and proactive advice that is personalized, relevant and actionable. For more information about PFS, please visit PlannedFinancial.com. In addition, 401(k) Prosperity®, the firm’s corporate retirement planning and institutional investment management division, focuses on best-in-class retirement plan fiduciary and investment oversight and is one of only six advisory firms in Ohio with the Centre for Fiduciary Excellence (CEFEX) certification. To learn more, please visit 401kProsperity.com.
Investment advice offered through Planned Financial Services, a Registered Investment Adviser. For additional information related to the Firm, please see our Disclosure Brochure and Customer Relationship Summary (Form CRS) at https://adviserinfo.sec.gov/firm/summary/112879. Smart Business, Centre for Fiduciary Excellence (CEFEX) and Planned Financial Services are separate, unaffiliated entities.
Securities and Retirement Plan Consulting Program advisory services offered through LPL Financial, a Registered Investment Advisor, member FINRA/SIPC.
Financial Planning offered through Planned Financial Services, a Registered Investment Advisor and a separate entity from LPL Financial (“LPL”). For additional information on LPL, please visit www.brokercheck.com.