BLUE
BELL, Pa., Dec. 24, 2024 /PRNewswire/ -- Modern
Wealth, under the visionary leadership of its Founder and CEO
Alan Rhode, CFP®, CPWA®, CVGA®,
CEPA®, RLP®, is redefining how business owners and entrepreneurs
approach business value growth and exit planning. Central to its
Dynamic Plan—a holistic framework that integrates Business
Advisory, Financial Planning/Wealth Management, and Life
Planning—is a newly unveiled 3-step business advisory
process. This innovative approach empowers owners to maximize
their company's value, align it with personal financial goals, and
plan for a successful exit while ensuring future financial and
personal fulfillment.
"Our clients' businesses are often their most valuable asset,
but the value is often untapped," said Alan
Rhode. "With our Dynamic Plan, we seamlessly integrate the
business side of things with personal wealth management and life
planning. This ensures a comprehensive strategy that leaves no
stone unturned."
Step 1: Understanding Intrinsic Value and the Value
Gap
The journey begins with a detailed evaluation of the business's
current intrinsic value and an assessment of the value gap, laying
the foundation for informed decision-making.
- Uncover Intrinsic Value:
Modern Wealth uses advanced tools like the Value Opportunity
Profile (VOP) to calculate a company's intrinsic value. This
analysis considers key metrics such as operational efficiency,
financial health, risk factors, and growth potential.
- Identify the Value Gap:
Through a comprehensive review, the process identifies
discrepancies between the current value and the desired market
valuation. This helps owners pinpoint areas for improvement and
prioritize investments.
"Our proprietary tools and expertise help business owners
understand not just where they stand, but where they need to go,"
Alan Rhode explained. "This clarity
is essential for crafting a roadmap to success."
Step 2: Value Acceleration Through Modern Wealth's Business
Advisory Framework
With a clear picture of the business's value, Modern Wealth
focuses on accelerating growth by addressing key areas critical to
sustainable value creation.
- The Eight Key Business Areas:
Modern Wealth evaluates and enhances Planning, Leadership,
People, Sales, Marketing, Operations, Finance, and Legal
functions within the organization. By balancing improvement efforts
across these areas, the framework ensures robust, long-term value
creation.
- Leveraging Key Value Drivers:
Operational efficiency, sales growth, leadership alignment, and
financial stability are some of the key drivers that Modern Wealth
targets to improve quality and reduce risk.
- Integrating with Financial Planning and Wealth
Management:
As part of the Dynamic Plan, this step ties directly into personal
financial strategies. Improvements in cash flow, profitability, and
scalability inform and enhance broader wealth management
initiatives, ensuring the owner's personal financial goals are
met.
"Value acceleration is more than just making the business
profitable," said Alan Rhode. "It's
about creating a business that aligns with your personal wealth and
life goals while ensuring it's attractive to potential buyers or
successors."
Step 3: Exit Planning and Seamless Transition Options
The final step helps business owners plan and execute their
transition, ensuring their business legacy is preserved and
personal financial security is achieved.
- Strategic Exit Planning:
Modern Wealth crafts a tailored exit plan that addresses legal,
tax, and financial considerations. This includes succession
planning, ownership transitions, and contingency strategies.
- Evaluating Transition Options:
From Employee Stock Ownership Plans (ESOPs) and management buyouts
(MBOs) to third-party sales or family transitions, Modern Wealth
guides owners in selecting the best-fit strategy.
- Integrating Life Planning:
True to the Dynamic Plan philosophy, Modern Wealth ensures the exit
strategy is fully aligned with the owner's vision for life
post-exit. Whether it's pursuing personal passions, engaging in
philanthropy, or embarking on new ventures, the firm's life
planning component ensures a fulfilling next chapter.
"Our goal is to make sure the business transition doesn't just
mark the end of one chapter but the beginning of an exciting new
one," Alan Rhode emphasized.
Modern Wealth's Dynamic Plan: A Comprehensive
Approach
The 3-step business advisory process is part of Modern Wealth's
broader Dynamic Plan, which combines:
- Business Advisory: Helping business owners grow,
optimize, and transition their companies.
- Financial Planning and Wealth Management: Developing
strategies to secure and grow personal wealth.
- Life Planning: Aligning financial and personal goals to
ensure a fulfilling future beyond the business.
"This isn't just a transactional service; it's a holistic
partnership," said Alan Rhode. "By
addressing every aspect of an owner's life—from their business to
their wealth to their personal dreams—we deliver an unparalleled
client experience."
About Modern Wealth
Modern Wealth, led by Founder and CEO Alan Rhode, CFP®, CPWA®, CVGA®, CEPA®, RLP®, is
a premier advisory firm specializing in helping business owners and
entrepreneurs integrate business value growth, wealth management,
and life planning into one comprehensive strategy. The firm's
Dynamic Plan empowers clients to maximize their business's value
while aligning personal and financial goals to create a legacy that
lasts. For more information, visit
www.modernwealthllc.com.
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SOURCE Modern Wealth LLC
