Business Services

Financial Services

New Business Services description paragraph: Legacy provides business financial services that focus on the asset management, retirement plan management, and life and disability insurance needs.

Non-Qualified Key-Leader Incentive & Retention Planning

Key-Leader Incentive and Retention Plans are a type of Non-Qualified Deferred Compensation Plan (NQDC).

Non-qualified plans are put in place to recruit, retain, motivate, and/or reward key-leaders. They work to complement an employee’s qualified retirement account as an additional source for retirement savings.

Non-qualified plan design for key-leaders should be aligned with the shareholder and company wins. More on our 3 Wins process here.

401(k) and other qualified plan limitations restrict benefits for key-leaders, making it difficult for them to reach their financial objectives.

We work with you to develop a comprehensive plan design that meets the custom needs of your company and key leaders.

Qualified Retirement Planning

Legacy Advisory Partners makes retirement easy.

We design effective plans, helping each participant reach improved levels of financial independence.

Our goal is to:

Protect fiduciaries from financial loss

Ensure plan efficiency and compliance

Minimize total plan cost

Help enhance investment opportunities

Maximize benefits for plan participants

Promote understanding

How we help you:

  • Plan Design
  • Benchmarking
  • Investment Due Diligence
  • Fiduciary Compliance

Our process involves the following:

  1. Coordinate recordkeeping services
  2. Group retirement education meetings
  3. Holistic financial wellness system partnering with Smart Dollar

To get a second opinion on your qualified retirement plan design and efficiency, schedule a call with us today!

To learn more about non-qualified plans or to get a second opinion on your current plan’s design and efficiency, schedule a call with us today!

Life and Disability Insurance for Business Purposes

Life and disability insurance provides protection for businesses from different areas of risk. The most common question is, “how does the death or disability of an owner or key-leader impact the short-term and long-term success of a company?”

We help business owners identify the potential impacts in the following areas:

  • Owner’s death or disability – succession and continuity planning for the business, financial security for the owner’s family.
  • Key-leader’s death or disability – replacement and continuity planning for the business, financial security for the key-leader’s family.

Here are the two most common areas of life insurance for business purposes:

Buy-Sell Insurance

Buy-sell insurance is a valuable tool for business owners to protect their businesses and provide a clear plan for ownership transition. Understanding its key aspects can help ensure its effectiveness in preserving the continuity of the business.

Key-Person Insurance

Key-person insurance can be a valuable risk management tool for businesses that heavily rely on the contributions of specific individuals. It helps protect the business’s financial stability and provides a safety net in case of an unforeseen event affecting a key person.

Asset Management

We help business owners plan for their long-term liquidity and capital needs (e.g., mergers and acquisitions, facilities and equipment, real estate, expansion).

Investment allocation strategy is built on the following steps:

One: Goal Setting
Two: Risk Analysis
Three: Cash Flow Planning
Four: Portfolio Philosophy