The Marine Retailers Association has announced a new benefit for members designed to assess their personal and business wealth to bring them closer to their most meaningful financial goals. The “Second Opinion Service” benefit is provided by with The Stanek Group at Morgan Stanley.
Many of you have built up successful dealerships and concentrated on their business wealth. The Second Opinion Service evaluates how you can become financially independent of your business by taking a detailed view at your key financial documents and addressing areas such as:
• Navigating your business succession, exit, and transfer of dealership to the next generation or third party.
• Finding ways for your wealth to be tax efficient and to eliminate debt.
• Preserving your wealth through thoughtful insurance, long term care and disability insurance policies.
Here’s how the benefit works.
The Stanek Group will meet with you for a Discovery Meeting. Assuming both parties agree there is a basis to work together, you provide key financial documents for an in-depth financial review. A second meeting – the Wealth Planning Meeting – is then scheduled to review key findings, opportunities, and specific recommendations to help your wealth work better for you.
If you enjoy working with the Stanek Group, you can engage their services but are not obligated to do so.
Either way, you will receive:
• A personalized written analysis of your current situation
• Clarity on your wealth plan
• Recommendations, suggestions and planning insights to help reach your most important goals.
• Most importantly, a written plan that you can review, implement, and share with your other advisors.
If you would like to learn more, you can reach out directly to Tony Perrelli, Financial Advisor, with the Stanek Group at Morgan Stanley. Tony can be reached at Tony.Perrelli@ms.com or 312-648-3365.
Morgan Stanley – Chicago Merc #628
227 West Monroe Street
Chicago IL 60606
Since life insurance and long term care insurance are medically underwritten, you should not cancel your current policy until your new policy is in force. A change to your current policy may incur charges, fees and costs. A new policy will require a medical exam. Surrender charges may be imposed and the period of time for which the surrender charges apply may increase with a new policy. You should consult with your own tax advisors regarding your potential tax liability on surrenders.
Guarantees and contractual obligations are backed by the claims-paying ability of the issuing insurance company.
Morgan Stanley Smith Barney LLC (“Morgan Stanley”), its affiliates and Morgan Stanley Financial Advisors or Private Wealth Advisors do not provide tax or legal advice. Clients should consult their tax advisor for matters involving taxation and tax planning and their attorney for matters involving trust and estate planning and other legal matters.
Investments and services offered through Morgan Stanley Smith Barney LLC. Member SIPC.
CRC 3176965 7/2020