Bank of America Merrill Lynch Offers Industry-Leading Retirement & Benefit Plan Solutions. Find Out How Our Vast Resources, Personalized Advice & Thought Leadership Can Help Your Employees Achieve Financial Wellness Today.
Directory of business acquisition financial advisors. Domestic and foreign-based mergers and acquisitions advisory services.www.business.com/general/merger-and-acquisition-financial-advisors/
Providers of eldercare accounting services.www.business.com/finance/eldercare-accountants/
Industry advisers and consultants to the consumer finance industry.www.business.com/finance/consumer-finance-consultants/
Learning about 401(k) plans key terms is a good place to start if you're considering starting up a retirement fund for your employees. From automatic enrollment to matching, after-tax and pre-tax contributions, 401(k) plans have several terms you may want to know before beginning one of these programs. Read More »
The 401k plan grew from a little known tax code loophole--which is where the 401k name came from--to the most common way workers invest for their retirement. This industry possesses trillions of dollars in allocated 401k retirement plan contributions. Read More »
Although most financial planners cater to individuals, some focus their efforts on helping business owners with decisions about employee benefit plans, insurance, taxes and more. When hiring a financial planner, consider the following:
You are in business to make money. The reasons you wish to make money may differ from person to person and business to business, but the end result is the same. Profitability is the essence of the bottom line. There are more ways to make money for your business, however, than simply manufacturing and selling your product. Investments are a great way to enhance the earning capacity of your overall business plan.
Even if your business is a charity that gives all profits away to worthy causes, if you have the opportunity to increase the amounts you can donate, you will be even more successful in your laudable efforts. If you're in business to make a profit for yourself and your employees, the same mentality applies. Using financial advisors to increase the overall earnings of your company through long and short term investments with a balanced portfolio of high and low risk funds can greatly improve your overall profitability.
Financial advisors can also help you earn money to fund a retirement or pension plan for your employees. Offering these benefits can help maintain overall employee loyalty in an age where a spotted resume isn't the problem it used to be. Training new staff costs money, so it is in the best interest of overall success to maintain a low rate of turnover.