The Five-Step System for Wealth Management With Bob Bedritis

Bob Bedritis is the Founder and Managing Director of Oswego Private Wealth Management. As a Certified Exit Planner and Certified Retirement Counselor, he helps entrepreneurs become financially independent of their businesses. Before founding Oswego Private Wealth Management, Bob was the Senior Vice President at Merrill Lynch, the President of Paradigm Capital Group, and the CEO of M Securities. He has also served on various executive boards, including the Lake Oswego Chamber of Commerce.

In this episode:

For entrepreneurs who have built a business with a lasting legacy, finances may not be on their radars. However, financial management is an ongoing process, especially for business owners considering family succession. What systems should you leverage to manage your affairs effectively?

Financial planner Bob Bedritis observed that 61% of business owners don't properly manage their wealth. This is because they lack the necessary systems to evaluate their finances, often making excuses for not implementing any processes. Bob's five-step wealth management process involves making informed financial decisions, mitigating taxes, leaving a monetary legacy for your family, and protecting your assets against litigation. By following his methods, business owners can efficiently manage their wealth and ensure a secure financial future for themselves and their families.

On this installment of Systems Simplified, Adi Klevit welcomes Bob Bedritis, the Founder and Managing Director of Oswego Private Wealth Management, to discuss wealth management for legacy companies. Bob describes business owners' most universal financial issues, the difference between wealth managers and traditional financial advisors, and the barriers to implementing financial systems.