How We Serve Law Firm Owners as Chief Wealth Counsel
As a law firm owner, your aspirations extend beyond the courtroom – you envision a thriving practice that not only represents the pinnacle of legal expertise but is also a beacon of business success. At Wurz Financial Services, we understand that the journey to financial prosperity can be as complex as the cases you handle. Let's explore how our tailored financial strategies can bring your goals to fruition.
Business Expansion — Your Firm, Elevated
The path to a successful business sale is hard work, and for law firms, this reality is even more pronounced. Statistically, less than 30% of all startups reach the point of sale; for law firms, the uphill climb is steeper still. And many businesses that do make it to sale are only able to do so by greatly discounting their value. We recognize your ultimate goal isn't just to sell; it's to sell without compromising your firm's worth or your financial legacy.
Our commitment at Wurz Financial Services is to be the catalyst for your firm's growth. Your business is your most valuable asset. By concentrating on enhancing your enterprise value, we can make the biggest impact in your net worth and financial future. Our goal is to ensure that your practice doesn't just flourish — it thrives independently. A firm that can run without you, is truly is a truly valuable accomplishment. This autonomy means you have the freedom to expand further, enjoy more of life, or attract a buyer on your terms, obtaining maximum value for your hard work and a high enough sale price that could be life changing.
Profit Maximization — Transform Revenue into Wealth
Revenue generation is a testament to your firm's success, but what about building real, lasting wealth? The sage financial habits that lead to long-term prosperity aren't often innate — they're usually cultivated. We're here to plant those seeds of financial acumen and support you in developing a wealth mindset.
Our approach to bolstering your profits centers around two pivotal strategies: tax minimization and astute cash flow management. With a vast majority of CPAs and advisors not engaging in proactive planning, businesses often overpay on taxes, unknowingly eroding their profits. A study by Forbes suggested that as many as 93% of small business owners may be overpaying on their taxes. Our tax year-round tax planning is designed to put hard-earned money back into your firm, empowering you with increased financial agility and peace of mind.
As a busy law firm owner, it is easy to lose track of where your money is going. Our cash flow management services are designed to help you make better decisions about your money. We work with you to develop a comprehensive understanding of your financial position, and then use that information to create a plan that will help you achieve your goals. By proactively managing cash flow, we can help you avoid costly mistakes and ensure that every dollar is working hard for you.
Wealth Growth — Your Money at Work, While You Relax
Warren Buffett's said it best: "If you don't learn to make money while you sleep, you will work until you die." The crux of wealth accumulation lies in cultivating income streams that don't solely rely on billable hours. Wealth growth is about building a portfolio of assets that generate income, such as real estate, stocks and bonds. It's also about creating passive income streams that don't require your active involvement, which may include real estate or other business ventures.
We will help you create a comprehensive investment plan. This could include helping you diversify into alternative investments such as private equity or real estate, and because we operate on a flat fee subscription basis, there are no conflicts of interest in our recommendations.
At Wurz Financial Services, we're dedicated to helping you construct a portfolio that fosters passive income and investment growth. Imagine a reality where your wealth multiplies, independent of your direct involvement — a future where financial comfort and security are not merely goals, but tangible outcomes.
Your Trusted Financial Partner
Navigating the financial landscape of law firm ownership requires a guide who is highly qualified. At Wurz Financial Services, we are that guide. Our holistic service model goes above and beyond the traditional model of financial advisors. As financial planners who exclusively serve law firm owners, we provide a dynamic and all-inclusive wealth counsel partnership tailored to the needs of law firm owners like you. Your vision, enhanced by our financial expertise, paves the way for a future of abundance and fulfillment.
Embrace the opportunity to transform your practice and your destiny. Together, let's expand your business, maximize your profits, and grow your wealth. Contact us, and take the first step on your journey towards a resilient, affluent future for you, your family, and your law firm.
Schedule Your Introductory Call Now
If you resonate with our unique approach to financial planning for law firm owners, take action today. Schedule your introductory call below.
Join us in our mission to transform your financial pressures into financial freedom. With our firm as Chief Wealth Counsel by your side, the possibilities for growth and peace of mind are boundless.
Resources:
Succession Planning for Law Firm Owners Series, Part 2 with Jeremy E. Poock, Esq.:
Succession Planning Series, Part 4: Creating a Pathway to Partnership with Camille Stell:
Succession Planning Series, Part 5: Mastering Law Firm Mergers and Transitions with Margaret Burke:
