Why Asset Protection?

Entrepreneurs are the pioneers of the American economy, its dreamers and true visionaries. They are part of a rare breed willing to spend years of 70, 80 and even 100-hour weeks building their business and increasing their wealth and that of those associated with them.

But entrepreneurs must also bear the brunt of enormous risk, sometimes seeing their fortunes disappear overnight, due to poor planning and risk management. Risk Management Advisors, Inc. was established to help business owners and entrepreneurs identify and effectively deal with these risks.

What Kinds of Risk Need to Be Managed?

Risks Impacting Business Wealth and Value: Lawsuits and Liability Loss of Key Clients and/or Vendors Loss of Key Personnel Competitors and Competition Economic and Interest Rate Risk Fire, Flood and Business Interruption Death of Owner/CEO Lack of a Succession Plan Partner/Shareholder Conflicts

Risks Impacting Personal Wealth: Lawsuits and Liability Death Divorce Economic Downturns and Uncertainty IRS audits - Income Taxes IRS audits - Estate Taxes Concentrated Assets and Holdings Investment Returns and Losses

The Steps to Mitigating Risk:

Assess the Risk Determine How to Minimize and/or Shift the Risk Implement a Plan Manage and Monitor the Plan