Presentation by Michael Logan
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  • No Financial Preparation 70% of people have made no provision to cover a fall in income Procrastination 90% of the workforce have made no independent plans to cover a their income if they are out of work due to ill health 47% of adults have no family protection. 1 in 11 men currently aged 30 will die before turning 65. 1 in 4 will suffer a critical illness. The odds of one dying before age 65
  • The odds of one dying before age 65 Ages Sole Trader Two Partners Three Partners 35 13% 23% 32% 40 12% 22% 32% 45 12% 21% 30% 50 11% 19% 28%
  • One-quarter of the family firms are due to change hands within the next five years Half of these companies are expected to remain in the family Half companies have no succession plan, and the percentage is even higher in small firms or those that have been in business for fewer than 20 years Conversely, more than two-thirds of companies have plans for dealing with both business and family issues, should a key manager or shareholder fall sick or die A surprisingly high percentage of family business owners have also failed to gauge their potential tax exposure, and are unaware of the domestic capital gains tax or inheritance tax liabilities they may have accrued While many entrepreneurs happily devote their time and energies to building a business, they pay less attention to what will happen when they are no longer running the show. They find it difficult to address issues like illness, incapacity, retirement and death, and therefore postpone dealing with such problems. Passing the family business on to the next generation is difficult. Indeed, most family firms fail to make the leap. According to the Cox Family Enterprise Center at Kennesaw State University, Georgia, only one-third of family businesses, worldwide, manage the transition from one generation to the next5. The majority of family firms are either sold or wound up after the founder’s death. This is sometimes because the business itself is not viable, the founder does not want to let go of the reins or the offspring are reluctant to join the firm. But the main reason why so many family businesses expire after just one generation is lack of planning.
  • ECB Rate Currently at 4%. Two more rate rises predicted Bank of England at 5.5% Almost guaranteed one more rise to 5.75%. With a rise to 6% a stong possibility. Federal Reserve rate 5.25%. Likely to remain here for the rest of 2007


  • 1. Wealth Management National Irish Bank
  • 2. Financial Independence Protecting Wealth Planning Wealth Investing Wealth
  • 3.
    • Protect Income – in life & death
    • Protecting Assets
    • Protecting your estate
    • Asset Allocation Strategy
    Protecting Wealth Protecting Wealth
  • 4. Protecting Wealth – risk of dying before 65 Ages Sole Trader Two Partners Three Partners 35 13% 23% 32% 40 12% 22% 32% 45 12% 21% 30% 50 11% 19% 28%
  • 5. Planning Wealth
    • Financial Independence
    • Financial Planning
      • Wealth Extraction
      • Wealth Transfer
      • (Being fair to Kids and doing the right thing by the business )
    • Investment Planning
    Planning Wealth
  • 6. Wealth Extraction
    • Wealth Management /Tax Planning / Succession Planning Strategy
    Taxable Profits Income Tax After Tax Profits / Income Tax Exempt Fund Tax Free Lump Sum ARF Option Next Generation
  • 7. Company Directors – Wealth Transfer Company Pension Scheme & ARF Beneficiary Corp. Tax Relief No Inc. Tax or BIK No tax on income or gains &Tax Free Cash Std. Rate Income Tax
  • 8. Investing Wealth Investing Wealth
    • In order to continue to experience the growth in personal wealth …
    • Return expectations
    • Risk Tolerance
    • Diversification
    • Time not timing
    • Defined long term strategy
  • 9.
    • Asset Allocation….>90% of return producer
    • Diversification………asset classes, sectors, geography
    • Traditional long only assets
    • Blend of value and growth
    • Addition of alternatives
    • Reduce correlation, enhance risk adjusted returns
    Investing Wealth - Approach
  • 10. Our Partners
  • 11. Summary
    • Protecting Wealth
    • Planning Wealth
    • Investing Wealth