How can Full Bloom Financial help me as a small business owner?
As a business financial advisor, Michelle Brow at Full Bloom Financial offers comprehensive financial planning for business owners. Full Bloom Financial provides services tailored to your unique needs, including suggestions on business plan development, tax planning, succession planning, and personal financial management. Our goal is to help you achieve both your business and personal financial goals.
What makes Michelle Brow qualified to be my financial advisor?
Michelle Brow is a Chartered Financial Consultant® (ChFC®), has completed the Certified Financial Planner TM (CFP r) program at Northwestern University, and has over 14 years of experience in financial services. She specializes in wealth management for business owners and entrepreneurs. Her expertise in both personal and business finances allows her to provide a 360-degree approach to financial planning, addressing all aspects of your financial life.
Does Full Bloom Financial offer retirement planning for business owners?
Yes, we offer specialized retirement planning services for business owners. Michelle can help you choose the right type of retirement plan for your business, whether it's a SEP IRA, SIMPLE IRA, Traditional or Roth IRA or 401(k) or a Solo 401(k). We also assist in integrating your business retirement strategy with your personal retirement goals.
How can a business financial advisor help protect my personal assets?
As your business financial advisor, Michelle can help you develop strategies to separate and protect your personal assets from business risks. This includes advice on business structure, insurance coverage, and legal protections. We aim to safeguard your personal finances while supporting your business growth.
What sets Full Bloom Financial apart from other financial advisory services?
Full Bloom Financial is a fee only RIA (Registered Investment Advisory) and offers a flat fee so that business owners are able to control their expenses. Michelle Brow, Financial Planner and Founder of Full Bloom Financial, is a fiduciary financial advisor, meaning she is legally and ethically bound to act in your best interest. We offer a unique flat-fee structure, eliminating conflicts of interest often associated with commission-based advisors and AUM (Assets Under Management) advisors. Our holistic approach considers both your business and personal financial health, providing truly comprehensive advice.
How often should I meet with my financial advisor as a business owner?
We provide regular comprehensive reviews of your Financial Plan and investments by scheduling Progress Meetings twice a year - in order to review your financial situation and adjust your plan as needed. However, as a business owner, you'll most likely face impactful financial events more frequently. We encourage you to reach out whenever you need guidance on financial decisions that could affect your business or personal finances.
Remember, you have a trusted Christian Financial Planner in your "back pocket." We're just a call, email or text away to help with any immediate financial needs or questions—freeing you to focus on your business.
Can Full Bloom Financial help with business succession planning?
Absolutely. Succession planning is a crucial aspect of long-term business financial planning. Michelle can help you develop a succession plan that addresses the transfer of ownership, valuation of your business, tax implications, and integration with your personal estate planning.
How do I know if I need a financial advisor for my small business?
If you're struggling to balance your business and personal finances, need help with tax planning strategies, want to optimize your business' financial health, or are planning for long-term goals like retirement or business succession, it's likely time to consult a financial advisor. Full Bloom Financial can provide the professional guidance you need to navigate these complex financial tasks.
