Uncovering a $50M risk exposure with a client of 30 years

Industry

Wealth Management & Financial Planning

Challenge

The owner of a multi-generational family business needed risk management and succession planning guidance.

Results

By leveraging RISR’s business insights capabilities, the Evolution Financial team was able to proactively deliver new value to their client and help them better protect their business while positioning themselves in a more strategic role.

"RISR helped us reframe our role with a long-time client and uncovered significant planning opportunities that were previously overlooked."

Mike Creighton

Partner @ Evolution Financial Group

About Evolution Financial Group

Evolution Financial is a comprehensive financial services firm with a cause. Their mission is to help secure the financial futures of families and businesses through sound strategies and prudent advice across insurance products and services, estate planning strategies, and retirement planning solutions.

The Challenge

One of Evolution Financial's long-time clients has a family-owned, multi-generational business.

The business owner has been a client of the firm for over 30 years. Evolution Financial is now using RISR to help continue to evolve and expand the relationship as strategic advisors.

Without strong guidance, the family was at risk of being underinsured and unprepared for a future ownership transition to the next generation.

The Solution

Using RISR, Evolution Financial was able to quickly and proactively generate a business valuation and insights report at no cost to their long-time client.

The Evolution Financial team used this report to assess the client's current protections against unforeseen events while surfacing key talking points around the long-term business goals and transition plan.

This exercise identified a significant insurance gap of approximately $50M for the next generation successors.

After presenting their findings, the team and their client agreed on a semi-annual business review framework going forward, setting the stage for ongoing strategic discussions.

The Results

Exposed a ~$50M gap in permanent insurance relative to the company’s value and next-gen ownership structure.