Business Owners
Wearing Too Many Hats?
Running your own business is demanding.
Day-to-day business operations can leave little time to consider issues like long-term planning. The Aldrich Wealth team can help you think about what you want to accomplish in your career, what you want for your family and the kind of ongoing work that might satisfy your entrepreneurial desires, covering all career possibilities and how different opportunities align with your interests and long-term goals.
Corporate Retirement Plans
Corporate retirement plans can help business owners and their employees save for retirement and minimize taxes. Our professionals have the years of experience and depth of expertise to serve the wide variety of needs each plan faces, advise plan fiduciaries, lighten the administrative burden, help mitigate fiduciary risk and provide advice for participants to take control of their retirement outcome.
Financial Planning
Aldrich Wealth can help you create a comprehensive financial plan that accounts for your goals as both a business owner and an individual. Our team can help you design a transition plan for your business, whether that be in the coming months or 20 years down the road. We can also ensure your plan allows the freedom to support family members and explore charitable giving. Aldrich Wealth can introduce you to a skilled insurance professional for the appropriate life, long-term care and liability coverage.
Entrepreneurial Ventures
If you have the desire to start another business, Aldrich Wealth will work with your legal advisors to help you define the best way to structure your involvement, balancing the opportunity for gains against the need to protect your family’s financial future. We can also work to help you set up a credit line on your investment accounts, thereby giving you the flexibility to support your new business without liquidating assets.
Client Success StorY
Step one
Preparing for the Sale of a Business
For people who have an entrepreneurial spirit, the journey from start-up to an initial public offering (IPO) or sale is an extraordinary ride. It affords an opportunity to transform an idea into a thriving enterprise while also offering the potential to reap substantial rewards. As Rob prepared for the sale of his business, he started to think about what his future might hold. After years of working long hours, frequently spilling over into nights and weekends, he was anxious to carve out some time for his wife and children. He also still had a passion for participating in some form of business venture. He engaged Aldrich Wealth to help him explore next steps.
Step two
Goal Setting
The team helped Rob and his wife think about what they wanted to accomplish in his career, what he wanted to do for his family and the kind of ongoing work that might satisfy his entrepreneurial desires. The discussion covered a variety of career possibilities and how these opportunities aligned with their interests and long-term goals.
Step three
Financial Planning
Based on input from Rob and his wife, Aldrich Wealth created a comprehensive financial plan that accounted for their stated goals as individuals and a family. The plan provided the means to evaluate the merits of purchasing a new home. It also gave them the freedom to help family members and explore options for charitable giving. Aldrich Wealth also introduced the couple to a skilled insurance professional who provided appropriate life, long-term care and liability coverage.
Step four
Risk Management
Step five
Charitable Giving
Rob and his wife wanted to establish a charitable fund through which they could benefit their local community. Aldrich Wealth helped maximize the financial benefits of their charitable gifts by identifying which assets should be transferred to the foundation and specifying the timing for these contributions.
Step six
Entrepreneurial Ventures
Rob’s expertise, experience and business acumen led him to start another business. He worked with Aldrich Wealth and his legal advisors to define the best way to structure his involvement, balancing the opportunity for gain against the need to protect his family’s financial future. Aldrich Wealth worked with Rob to set up a credit line on his investment accounts, thereby giving him the flexibility to support his new business without liquidating assets. With the assurance afforded by Aldrich Wealth financial planning, tax planning and investment management, Rob and his family are confident in the strength of their family’s financial affairs.
Meet Our Professionals
Partner, Founder + Director of Aldrich Wealth Family Office
Scott Barchus, CPA, PFS
Aldrich Wealth LP
K. Scott Barchus joined Aldrich in 1994 and founded Aldrich Wealth and Aldrich Retirement Solutions in 1998. His primary responsibilities include firm management in his role as president of both companies. Scott has a broad array of expertise in both the corporate retirement plan industry and in areas related to working with high-net-worth individuals. Scott… Read more Scott Barchus, CPA, PFS
Scott's Specialization
- Certified Public Accountant
- Personal Financial Specialist
- High-net worth individuals
- Investment management
- Financial planning
- Fiduciary responsibility
- Corporate plan design and administration
President + CEO
Heather Wonderly, CPFA™, AIF®
Aldrich Wealth LP
Heather has 23 years of experience providing guidance to 401(k) retirement plan committees and helping clients understand investments, compliance, fiduciary responsibility, and administration for corporate retirement plans. Her profound knowledge and collaborative approach empower her to deliver comprehensive solutions that prioritize the needs of our clients and the strategic growth of the firm, while considering… Read more Heather Wonderly, CPFA™, AIF®
Heather's Specialization
- Certified Plan Fiduciary Advisor (CPFA™)
- Series 7 and Series 66 security exams
- Accredited Investment Fiduciary (AIF®)
- Corporate retirement plans
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