We understand the challenges of managing, expanding, and transitioning or selling a business. You need a partner who will respond rapidly and connect you with the resources you need.
When opportunity knocks, you need to be able to take advantage. Whether you’ve been awarded a contract that requires capital commitments or the perfect acquisition candidate becomes available, we can help you arrange financing tailored to your needs.
Finding and keeping valued employees can be a challenge for businesses. Having a high-quality retirement plan included in your benefits package can make a difference. Boston Private’s retirement plan advisory specialists can help you navigate the fiduciary responsibilities and establish your plan.
Ken Wexler and his daughter Lisa are the second and third generation owners of Elaine Construction Company, founded by Ken’s parents in 1947. Wealth to them means having the opportunity to continue their family’s legacy for generations to come.
A son in his late 60s owned a 50-year-old family business. His goal was to transition the business to the next generation—eight cousins who had not yet been involved in the business.
He faced three main challenges:
To determine the services most appropriate for the Business Owner, his Client Advisor first employed our time-tested approach to planning by fully assessing his needs. With his situation defined, the experts at Boston Private Wealth Family Office Services then designed and implemented six custom solutions for his needs.
Expanding a Manufacturing Plant
We provided a construction loan, traditional commercial mortgage, an Industrial Development Bond, and an SBA 504 loan.
Assisting Tech Companies with ESOP
We advised on the financing structure and provided an ESOP term loan and a line of credit to support growth.
Growing Through Acquisition
We provided a term loan and expanded the company’s line of credit to finance this "growth through acquisition" opportunity.
We provided advice on succession strategies as well as guidance for minimizing the impact of taxes and expenses, while maximizing distribution to heirs, third parties or charities. Based on our clients' retirement goals, we crafted a portfolio that provided the income to enjoy retirement while addressing other objectives like paying for children’s college and paying off the mortgage.
Demand Deposit & Money Market Accounts
Cash Management Services
Retirement Plan Advisory
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