Adam D. Koós, a financial planning expert known for his work in business transitions, discusses the shift from 'exit planning' to 'business transition planning.' He highlights fiduciary responsibility and the importance of being a fee-only advisor to reduce conflicts of interest. Koós dives into the emotional aspects of financial decisions and their impact on clients, advocating for transparency and clear communication between CPAs and financial advisors. He also shares strategies for young CPAs to forge strong connections within the financial advisory landscape.

In this engaging discussion, Adam Koós, a financial planning expert and founder of Libertas Wealth Management Group, emphasizes the urgency of proactive financial strategies for business owners. He shares insights on navigating complexities in real estate investment and the tax implications of selling a business. Adam delves into the importance of tailored financial planning and strategic transitions, highlighting a structured approach for enhancing company value and preparing for successful exits. His unique journey from pre-med to finance adds an inspiring twist!