Compound

We're excited to announce that we crossed $2 billion of assets under management and 30+ financial advisors. "Managing $2 billion of client assets is a testament to our team’s dedication and the trust our clients place in us," said Christian Haigh, our co-founder and CEO. "Our rapid growth reflects our unwavering commitment to delivering top-notch financial planning and wealth management solutions to our diverse clientele. And it’s why we continue to attract exceptionally talented financial advisors." Learn more about our recent milestones ⤵︎

Why do you need an exit plan for your business? Exit planning is a strategic process that prepares you for the sale or transition out of your business. It involves setting goals, understanding options, and developing a systematic plan. A plan that aligns not only with your business objectives but also your personal goals. Exit planning is crucial for maximizing your business's value — by identifying what’s driving value in your business and growing it, you can boost your eventual exit value. A successful exit plan offers direction and clarity, helping you make better decisions in the future. Effective exit planning can reduce your tax burden and ensure a successful transition, protecting the business's future success. Read Kyle Rudduck, CFA, CFP®'s exit planning guide for business owners here: https://lnkd.in/eSjd4TW3

From inception to exit, this is what you need to know about integrating your business and personal finances: Week 1 → Jesse Porter, CFP® shared ideas to help you choose the right business entity. Week 2 → Kristin Carter, CPA talked strategies to reduce your taxes as a business owner. Week 3 → Shannon Lynch, CFP® covered how to pick the right retirement plan for your business. This week → Kyle Rudduck, CFA, CFP® is discussing how to plan for a sale of your business. The Manual is your resource for all this and more: https://lnkd.in/eb5esbNh

How do you choose between a SEP IRA and a Solo 401k? The Solo 401(k) can provide a greater tax advantage if you are a high earner and don’t have any employees because of its higher contribution limits. Plus, the Roth option allows for tax-free withdrawals in retirement. The SEP IRA's primary advantage is its simplicity and the ability to reduce taxable income through pre-tax contributions. Read Shannon Lynch, CFP®'s guide for business owners to learn more: https://lnkd.in/euyXk4yB

In the past six months, we've welcomed 21 new financial advisors, bringing our total to over 30 talented professionals who manage more than $2 billion of assets for our clients. Thank you, Steve Randall, for highlighting our journey in InvestmentNews. We're just getting started!

In 2024, you can contribute up to $69,000 into a solo 401(k). If you are 50 or older, you can also make a $7,500 catch-up contribution ($76,500 in total). These limits encompass both the employer and employee contribution amounts for a solo 401(k). With a SEP IRA, you can also contribute up to $69,000. However, there are restrictions — contributions must not surpass 25% of compensation or $69,000, whichever is lower. And for self-employed individuals, the limit is the lesser of 20% or $69,000. An additional consideration for SEP IRAs is that employers also need to contribute an equal percentage of compensation for all eligible employees.

"Compound Planning, a digital family office, surpassed $2 billion in AUM, growing its AUM by over 80% since September," wrote Chris Latham from Wealth Solutions Report about our recent milestones. "The firm also added six more financial advisors, bringing its year-to-date total recruits to 21 advisors. Compound Planning now has over 30 experienced financial advisors." Read more here: https://lnkd.in/eCNM3rrp

Join Compound Planning's co-founders Christian Haigh and Alex Farman-Farmaian, CEP tomorrow at 11am PT / 2pm ET. Whether you’re a client of Compound Planning, or want to learn more about our services — this conversation is the perfect opportunity to learn about our rapid growth and hear our vision for the future of the industry. RSVP here: https://lnkd.in/eUy4dpHC

SEP IRA or Solo 401(k) — which retirement plan is right for me? These are two popular options for small business owners and self-employed individuals. They both offer tax advantages, but differ in terms of flexibility, contribution limits, and other requirements. Let’s take a look at each:

ICYMI: this month we're covering everything you need to know about integrating your business and personal finances: Week 1 → Jesse Porter, CFP® shared ideas to help you choose the right business entity. Week 2 → Kristin Carter, CPA talked strategies to reduce your taxes as a business owner. This week → Shannon Lynch, CFP® is covering how to pick the right retirement plan for your business. From starting a business to planning an exit, the Manual is your resource for all this and more: https://lnkd.in/eb5esbNh