The Agency Profit Podcast Financial Planning for Agency Owners, With Jason Peck
8 snips
Apr 2, 2025 Jason Peck, a certified financial planner at Everwise Wealth Management, specializes in guiding agency owners toward wealth building. He highlights the unique financial challenges these owners face, like unpredictable income and reliance on business operations. Peck discusses the importance of diversifying wealth beyond the agency to mitigate risks and explores the nine core areas of personal financial planning. He also covers the pitfalls of focusing too heavily on tax efficiency and emphasizes the significance of solid estate and exit planning strategies.
AI Snips
Chapters
Transcript
Episode notes
The Importance of Diversification
- Jason Peck shared a story about a client who suffered a traumatic brain injury in a motorcycle accident.
- This injury impacted the client's ability to work, highlighting the importance of building wealth outside of one's agency.
Key Areas of Personal Financial Planning
- Consider nine key areas when creating a personal financial plan: relationships, values, interests, goals, assets, liabilities, insurance, estate planning, and your wealth team.
- These areas offer a holistic view of your financial situation and help ensure a comprehensive strategy.
Diversification for Agency Owners
- Diversifying investments and building wealth outside your agency is crucial, much like diversifying an investment portfolio.
- This protects you from the unpredictable nature of agency income and provides financial flexibility.