Business Owners
wealth management and advisory services for business owners
Business Owner Advisory Services
A Custom Approach to Helping You Prepare for the Future
BGM is a Minnesota-based advisory and accounting firm that helps business owners who’ve prioritized their companies but worry they’ve neglected certain finances. With access to our seasoned professionals and subject-matter experts you’ll develop a custom blueprint for preserving accumulated wealth, investing wisely, reducing liabilities, and preparing for the future.
Each custom approach provides ongoing financial support and strategic expertise that allows you to grow toward your retirement goals, including:
- Optimizing executive benefits for maximum impact
- Reducing tax liability
- Safeguarding wealth from bankruptcy and legal actions
- Building liquidity for rainy days
- Mitigating risks and stabilizing income
- Building an investment portfolio for wealth preservation
- Determining the best short- and long-term retirement strategies
- Implementing estate planning strategies to shield both business and loved ones
The BGM Benefit
As business owners, we understand the risks of making complicated financial decisions when you have only yourself to rely on. We’re here to transcend transactional service by providing ongoing support and strategic expertise to help you and your business grow toward any goal.
- For over 25 years, we have done more than just give business owners numbers. We have explained the impact those numbers can have on their businesses and their lives to help them make great decisions about their future.
- We believe in going beyond the traditional accountant, wealth manager, or tax advisor role. You’ll be assigned a dedicated team and can expect to experience a hands-on approach from your financial professionals. Plus, you’ll receive timely and proactive advice and solutions. This high level of personalized service keeps our accounting and advisory firm leading the way.
- We work closely with our team of experienced CPAs to craft tax-smart distribution plans, and we have our trust company to implement more complex estate plans. We also have amassed outside specialists (e.g., attorneys and insurance specialists) to answer questions for which we do not have internal expertise.
Are We a Match?
You want to partner with a financial advisor who works with people like you. We may be a good fit if you:
- Are a business owner seeking financial freedom in the next phase of your life to do what you want when you want.
- Want a team to help you anticipate the unexpected or unaccounted for to help you more accurately chart that course for tomorrow.
- Want an ongoing relationship with a team of financial and tax professionals to help you stay on track and manage your investments.
Connect With a Personal Advisor
Are you ready to stop worrying about expensive mistakes or missed opportunities? Take the first step to gain access to seasoned financial professionals and subject-matter experts who will help you and your business plan for the best route ahead by scheduling an introductory call.
Business Owners Ebook: Protect Your Business & Family
Need strategies to help provide a hedge against bad years? Download the free ebook for entrepreneurs: Diversifying Business Wealth: Protect Your Business and Your Family.
Frequently Asked Questions
01 I'm so focused on running my business. Do I really need separate personal financial planning?
This is one of the most common things we hear from business owners. When every ounce of energy goes into the company, personal finances tend to get pushed aside. But your business wealth and personal wealth are deeply connected, and decisions in one area almost always affect the other. We help you see the full picture so the details don’t get overlooked.
02 How is working with BGM different from just having a CPA and a separate financial advisor?
When your CPA, tax strategist, and wealth advisor all sit under the same roof and coordinate daily, you can get a fundamentally different experience. We think the integration helps reduce gaps and conflicting advice. BGM was built around this integrated model. We call it the 360-degree view, and it’s the core of how we serve business owners.
03 What types of business owners does BGM work with?
We work with a wide range, including auto dealership owners, franchise operators, healthcare executives, law firm partners, cannabis business owners, manufacturers, and other closely held businesses. BGM has over 40 years of experience across industries, and we use that experience to understand the nuances that make your business distinct from others.
04 Can BGM help me plan for eventually selling or transitioning my business?
This is one of the areas where our integrated approach can really pay off. We help with business valuation, succession planning, exit strategy, and tax optimization, all working together. Whether you’re selling to a third party, transitioning to a family member, or planning an internal buyout, we coordinate the financial and tax implications to help position you to walk away on your terms.
05 How do you help reduce my tax burden as a business owner?
We take a proactive, forward-looking approach, not just reviewing what happened last year. That means identifying planning opportunities throughout the year, coordinating business and personal tax strategy together, and helping to make sure that your entity structure, retirement plan, and compensation approach are all working in your favor.
06 What if my business has a bad year? How does that affect my financial plan?
Volatility is part of owning a business, and your financial plan should account for that. We help build strategies that include liquidity reserves, diversified personal investments, and contingency planning so that you can feel more confident that a tough year for the business won’t derail your personal financial goals.
07 Do you handle both the business and personal sides of my finances?
That’s exactly what we do. Business financial advising and personal wealth management are treated as one coordinated strategy. We help you protect and grow the business while also planning for your family, your retirement, and your legacy.
08 What does ongoing support look like after the initial plan is in place?
We’re not a one-and-done firm. You’ll have a dedicated team that checks in regularly, monitors your plan, and adjusts strategy as your business and life evolve. Our approach is proactive. We bring ideas and opportunities to you, not just react when something changes.
09 Does BGM work with business owners outside the Twin Cities?
We do. BGM is headquartered in Bloomington, Minnesota, but we serve business owner clients across the country. Our model can work well for owners who want a deep, ongoing advisory relationship regardless of where they’re located.
10 What's the first step?
Schedule an introductory call with us. We’ll talk about your business, your goals, and what’s on your mind. From there, we’ll map out how our team can support both your business and personal financial life. There’s no cost for the initial conversation.
