Show notes
Hello and welcome to the Virtual U.S. Financial Advisors podcast. In this fifth part of our series, our guest, Matt DiFrancesco goes in-depth as he discusses his financial assessment process and shares some insights on family considerations and succession planning.Matt DiFrancesco is the Founder, Principal, and Member of High Lift Financial. His current focus is in the automotive repair/collision space, but he also works with a number of different family businesses out there.Join us today as Matt discusses the value of having the family involved in planning for the future of the business and why family meetings are vital.He also talks about: (03:30) The first step in planning for the family business succession (04:44) Why does he prefer the founders of these family businesses to share their story (06:23) The importance of finding out what your child’s passion and interest are (07:09) The steps to take to encourage the child to learn how to take over the business (08:53) How to overcome situations where the next generation has no interest in taking over the businessGet a copy of Matt’s one-page assessment chart here: https://bit.ly/3tVosaqP.S. Each person’s financial concerns are different. To take your financial assessment with Matt, go to www.highliftfinancial.com and click on Let’s Talk.DISCLAIMERThe information compiled and posted here solely represents the opinions and views of the guest. It might not be similar to the opinions and views of High Lift Financial. It is not a substitute for tax or legal advice or professional investment.Always consult your financial advisor with any personal or business planning queries. DiFrancesco Financial Concierge, LLC. d/b/a High Lift Financial is a Registered Investment Advisor registered with the State of Pennsylvania and subject to the State of Pennsylvania’s regulatory oversight.ABOUT OUR GUESTMatt DiFrancesco has worked with family businesses of various kinds over the past three decades. During that time, he has established himself as a valued advisor in all aspects of family businesses, from customized retirement plans and financial planning to cash management planning.Today, Matt is the Principal and Financial Technician for automotive repair professionals at High Lift Financial where he and his team of professionals help small to mid-sized family business owners (including those from outside the automotive industry) navigate all of the critical financial events that happen inside and outside their business.
