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Where Family Businesses Come to Learn & Grow. 

What’s on our mind? You can read about it in our blog. Whether it’s ideas from the industry or emerging trends, or topics to help you get your personal financial lifestyle on track, you can read about it here. We're glad to have you reading along.

Monday, November 8, 2021

Tuesday, August 24, 2021

It's been a strange and odd-feeling 2nd quarter. With vaccine levels rising and then capping out, hopes of a return-to-normal seemed to cap out as well. During this quarterly commentary, we talk about GDP impacts with personal finances...

Wednesday, August 4, 2021

One of the most recent changes in 401(k) plans now requires that certain plan provisions need to be included in your plan document. The existing IRS timeline requires a PPA restatement, which is where plan documents are to be restated...

Wednesday, June 2, 2021

As the country moves forward from the effects of the Coronavirus and the 2020 elections, it is time to consider potential key tax law changes that may affect you in 2021 and beyond. Given the 2020 election results and the Tax Cuts and...

Friday, May 14, 2021

We finished the first quarter of 2021 pretty much flat but as we moved into March and April things have heated up. Tune in for our latest market update to hear what the Family Wealth and Legacy team is watching in the markets right now.

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Thursday, April 22, 2021

Owner or Administrator of a 401(K) Plan? Register for our FREE ONLINE TRAINING HERE. ------------ As I speak with business owners and plan sponsors about 401K plans, I have noticed that for many the term Fiduciary is the most...

Wednesday, April 7, 2021

The unprecedented and unpredictable events, like we experienced in 2020, underscore the need for a strong process to manage your 401k. Why should you pay closer attention to the four main documents that embody the 401k plan? Because it...

Wednesday, February 17, 2021

As we embark on our first post-pandemic year, more has changed than stayed the same. A new President-elect moves a focus from the economy, to a new focus on climate change, racial & L.G.B.T. equality, and government accountability. So...

Sunday, January 31, 2021

So the saying goes, “hindsight is 20/20” and now we can finally say just that. With “the year 2020” in our rear view mirror, there’s a lot to look back on. In January 2020, business teams around the world...

Wednesday, October 28, 2020

The past few weeks have brought us increased volatility in the market, and our lives. We’re less than a week away from the 2020 U.S. Presidential Election, and the question of “what’s going to happen to my...

Sunday, August 30, 2020

If you Google “How to Hire a Financial Advisor,” you’ll find thousands of articles, tons of advice and a plethora of opinions. The main theme of all of the articles seems to guide consumers to hire a CFP and they...

Thursday, July 9, 2020

Mastering Difficult Conversations: Employee 401k Withdrawals When stuck in a sticky financial situation, an employee may need to rely on their retirement savings to help them get by. Depending on the rules of your company’s plan,...

Monday, May 25, 2020

Today almost anyone may call themselves a financial planner. It can be a generic term and it doesn’t require extensive training or experience. Most articles, professionals, and industry associations will tell you that it is...

Friday, April 17, 2020

Owner or Administrator of a 401(K) Plan? Register for our FREE ONLINE TRAINING HERE. ---------- As business owners, providing your employees with a 401k plan is both a labor of love, and a way to stay competitive for attracting great...

Friday, March 27, 2020

What we are doing for your benefit Our team is working remotely and readily available at (585) 350-7273 to address any questions or concerns. Conducted a “Family Business COVID-19 Survival Guide Webinar” The team is...

Thursday, June 6, 2019

Family, Wealth & Legacy has a long history of making it easy for business owners to outsource the RFP process because we have a written RFP process, a 401K program and we do this many times a year, not just every 3 to 5 years. We can...

Sunday, April 7, 2019

As Harnish says, “growth sucks cash” and many businesses either fail or face significant losses due to not keeping an eye on their cash flow. It can be easy to overlook cash flow and focus on other business processes, but...

Friday, April 5, 2019

Among other necessities, strategy requires a handful of executives to meet at least once a week, not once a quarter. You must spend time working on the business, not just in it. Core Values Harnish sees these as the rules and...

Thursday, April 4, 2019

Verne Harnish suggests that the first step to ensuring that you are scaling up your business properly is drawing in the right candidates, hiring them and retaining them. Topgrading is a method of hiring “A” Players and was...

Thursday, April 4, 2019

Of all of the execution tips and ideas within Verne Harnish’s book, the Rockefeller Habits Checklist is quite possibly the most important set of information. The list is comprised of 10 must-know habits that enable the successful...