Self-employed business owners have a lot on their shoulders. The Darrow Private Wealth Management Program offers business owners and families a complete solution, giving them the freedom to spend more time living life, not just planning for it.
Owner-operators and business owners need to ensure they are properly diversified and have enough cash on hand. Depending on the stage of your company, you may be evaluating the benefits of starting a retirement plan or cash balance pension plan. Starting a retirement plan for your business can reduce your taxable income and allow you to supercharge retirement savings while reducing your taxable income.
Planning to sell your business? Darrow Wealth Management specializes in helping individuals plan for a sudden wealth event. We’re your long-term partner in navigating the transition to what’s next and mapping the possibilities of your post-exit life.
Selling a business can feel like having another full-time job. Having the right team of business and personal advisors is an essential part of a successful exit. We’ll work alongside your deal team to help ensure alignment and communication. There are components of the sale process that will directly intersect with your personal financial and tax situation.
After the sale, it’s time for strategic wealth planning. We’ll talk about your goals and develop a long-term investment and financial strategy for the proceeds.
When it comes to exiting your business, you need a financial advisor who truly understands what you’re going through. As a business owner herself, Darrow Wealth advisor and President Kristin McKenna brings a rare combination of professional experience and firsthand knowledge to support business owners during their transition.
Having successfully navigated a company transition with her own father, Kristin understands the complex family and business dynamics, emotional challenges, and financial and tax implications that come with transitioning a business.
Kristin McKenna is actively shaping the conversation around business exits and succession planning. She has shared her insights as a speaker, panelist, and moderator at leading industry events in Greater Boston, including:
Beyond speaking engagements, Kristin serves as a Board Member for the Exit Planning Exchange (XPX) of Greater Boston, where she helps advance best practices in exit planning and business transitions.
Whether you’re just beginning to think about your exit strategy or are actively preparing to transition your business, we’re here to help.
While every situation will be unique, there are a number of situations we frequently work to help our self-employed clients plan for or address:
As a fee-only financial advisor, we do not sell securities, investment products, or receive commissions or compensation from 3rd parties.
As a fiduciary and registered investment advisor, we are legally bound to act at all times for the sole benefit and interest of our clients. This is the highest act of loyalty, trust and care under the law.
Darrow Wealth Management is a registered investment advisor with offices in Boston, MA and Needham, MA. As a SEC-registered investment advisor, we partner with executives and professionals across the United States. Established in 1987, we are proud to be a second generation family business.
The Darrow team has the financial, tax, and investment acumen necessary to advise clients on a wide range of topics and potential situations. Our team includes advisors with the following designations and credentials: CERTIFIED FINANCIAL PLANNER™ professionals, CPA, and Chartered Financial Analyst®. Learn more.
If you invested in a startup or small business (founders, employee exercise of stock options, business owner), you need to know about qualified small business stock. If eligible, you may be able to exclude up to 100% of the gain from federal taxes when you sell your shares through the
Selling your business for cash? Deciding how to allocate and invest the proceeds after the sale of your company is a big decision that requires careful planning. If you are expecting a sudden windfall, develop a plan to allocate the proceeds and reinvest in your future. As you weigh what
Updated for 2024. The Simplified Employee Pension (SEP IRA) is a type of a traditional IRA adopted by self-employed small business owners (sole proprietors, partnerships, C and S corporations), and the self-employed. Unlike most types of retirement plans, the SEP IRA is funded by the employer. Here’s more on what a SEP IRA
The sale of a business marks a major life event. It’s emotional, stressful, and exciting all at the same time. And unfortunately, it’s often a lot of work. Most business owners will only experience the process of selling a business once in their life. This is both good and bad