Challenges for SME's
Only 22% of SME's have sought advice on Succession Planning and 78% of SME's have NOT sought Succession Planning advice. However,
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Why Risk It?
Australian SME's are underinsured to the tune of $2.15 trillion.
Only 9% of businesses with multiple owners have "buy/sell" insurance.
44% do not have life insurance to minimize the financial. Read More..
Definitions
An SME is a Small or Medium Enterprise. In Australia the ABS defines a Small Business as one that employs less than 20 people, and a Medium Sized Business is one that employs between 20 and 200 employees. Read More..
An Introduction to SME Wealth
SME Wealth has been established as a dedicated Financial Services provider and facilitator of complementary services for the Owners and Principals of Small and Medium Enterprises (SME's).
We recognised that most Financial Planners aim their services towards individuals with a large amount of money to invest - usually retirees. Business Owners and Principals are entrepreneurial and would rather invest their hard earned money into something they can control and which can generate a far higher return than a typical managed fund - their own business! We at SME Wealth understand this and work with Entrepreneurs to support their business wealth creation activities. However, there are areas that often need attention and we have designed our services accordingly.
We work exclusively with the Owners and Principals to assist them to Protect, Diversify, and Preserve the Wealth that they generate through each phase of their business life as well as assisting with the transition of the business to their successors. We usually deliver our services and advice in conjunction with other specialists and as we understand the important role they play, this will usually include the existing Professional Advisers to the business.
