Early Planning for Financial Success with Michael Schodrof
Podcast Summary
Unlock the secrets to crafting robust business exit strategies and personalized financial plans with wealth advisor Michael, who has transitioned from the world of accounting to Finance. Learn how finance is more than just numbers—it’s an emotional journey where attentive listening and understanding clients’ unique needs are key. Michael shares his passion for guiding individuals and families through the complex process of business exits, paving the way for seamless transitions into Retirement or fresh ventures. Discover why having two advisors in the room can be a game-changer, capturing subtle cues and ensuring a thorough grasp of client dynamics.
Prepare to transform your approach to maximizing company valuations as we break down the vital elements of exit planning. Michael provides invaluable insights on identifying the "perfect multiple" and bridging valuation gaps to enhance financial outcomes. Early planning and realistic goal-setting with expert collaboration are highlighted as crucial steps for business owners eager to align exit strategies with their financial aspirations. We also underscore the importance of subscribing to our content to continue engaging with these transformative insights. Join us in this enriching journey and elevate your understanding of financial planning.
Highlights
(05:53) Maximizing Business Owner Asset Value (89 Seconds)
(15:17) Valuing a Company for Exit Planning (69 Seconds)
(23:48) Legendary Sports Table Banter (44 Seconds)
Michael joined Raymond James in 2024 after two years with UBS. He received his B.A. from DePaul University with a degree in accounting, and an MBA from Northwestern University’s Kellogg Graduate School of Business. Michael holds two certifications, the Chartered Financial Analyst (CFA®) designation and the Certified Exit Planning Advisor (CEPA®) accreditation.
Michael is actively involved in numerous groups including ProVisors, XPX, the Exit Planning Institute’s Chicago Chapter, the Galway group and the Northeast Illinois West Point Parent’s Club. Michael lives in LaGrange, Illinois, with his wife Stefanie and their kids, Andrew (the Ohio State ’23), Cooper (West Point ’26) and Camille (Auburn ’27) whom are all now away from home, pursuing their personal goals. When not in the office, he enjoys paddle tennis and golf.
https://www.youtube.com/channel/UCZSBc_SFmyyw3TjIntWs7qw
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NEWSLETTER: https://view.flodesk.com/pages/64e2b98cca259e13f0890575
SERVING JOURNAL: https://www.amazon.com/dp/B0CSNSY1M1
PODCAST SWAG: https://millions.co/doing-business-with-a-servant-s-heart-san-jose
