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Helping Heroes Retire

Helping Heroes Retire

Real Estate Entrepreneurs: The Audit Is On

Posted on January 14, 2020 by Steve Olson

by Steve Olson

PUBLISHED IN   Florida Cops Magazine

Close the financial gaps. Stop leaving money on the table

Real estate entrepreneurs not utilizing a Personal CFO are very likely losing money due to inefficiency and needless exposure to taxes and other threats to wealth. They endanger their ability to maximize cash flow and profitability and risk foregoing the opportunity to pass on the maximum amount possible to their heirs and causes.

Complacency Kills

Success can breed complacency on the part of your pro­fessional advisors. You’re already their client. This fact alone can change things. The aggressive focus on inno­vative approaches, the responsiveness, the proactivity on staying in step and ahead of trends and technology that can benefit you, often, over time, falls by the way­ side.

If you are using the same LLC structure across ten deals with each having different core elements and particulars, complacency has taken root. This is a simple example of one frequently used tool that is often used incorrectly.

By maintaining the status quo, your advisors and there­fore, you, retain the illusion of success. Are you content to let opportunity and potentially considerable gains pass you by? The Personal CFO’s essential purpose is to marshal the expertise and efforts of all your leg al and tax professionals into a single unified force. By optimizing their combined contributions, the Personal CFO increas­es the value of their work and its results on your behalf.

Why You Need a Leader

Who do you know who has the multi-disciplinary ex­pertise to oversee all of your financial, legal and tax af­ fairs, making certain your team gets the job done right? Do you have the time, desire and knowhow? Isn’t your time better spent growing capital and enjoying the life you’ve built?

The potential advantages of the Personal CFO are com­ mensurate with your wealth and the complexity of your personal and business financial affairs. Correspondingly, deficiencies of scale ensure that your losses, including failure to gain, are in line with the vastness and complex­ ity of your financial d ealings. The Personal CFO ensures that you:

  • Insulate wealth and assets from excessive exposure to litigation from joint venture partners, tenants, lenders and creditors.
  • Pay only those income taxes that are absolutely necessary.
  • Save on the costs of insurance lending and professional service fees, as duplicate and sometimes excessive fees are drastically reduced.
  • Increase speed and ability to capitalize on new opportunities through precise cash flow management and optimization. Free up liquid resources to do more and larger deals.
  • Benefit from an unvarnished real-time view of your financial health, ensuring properly informed decision-making.
  • Efficiently transfer wealth to heirs and causes.
  • Benefit from on-demand document management and delivery.
  • Reduce and/or eliminate exposure to death taxes. There are smart, effective ways to mitigate this exposure and still allow you to control your hard­ earned money.

The Audit You Welcome

The first and most important step in engaging Atlan­ tic  Wealth Partners’  Personal  CFO is a financial,  legal and tax health audit. Here, we diagnose your financial health, illustrating any deficiencies that detract from your well-being. There is no  cost to  you  and there is no better way to understand how the Personal CFO can and does benefit you.


Having gone into effect January 1, 2018, the Bipartisan Budget Act of 2015 changed the way tax partners are defined. This is understandably causing heightened, unexpected exposure for both general and limited partners. This is just one example of a new, seemingly small legal requirement that could grossly detract from your profitability and cause increased liability if not ad­ dressed proactively.

Changes and new opportunities occur throughout every year and impact your financial well-being . These events take on a domino effect. A single change to something in your business or personal financial life impacts the tax and legal requirements and outcomes.

A comprehensive strategy that encompasses and helps establish the tactics of all your financial professionals is the prudent way to properly maximize opportunities and minimize your exposure.

Tax credits, energy credits and other planning oppor­tunities now exist, particularly with the new 199A de­duction. For larger operators, the complexity of your planning must matched this outside opportunity to maximize profitability. We manage this headache for you, ensuring proper implementation.

Comprehensive Wealth Management

Focused on non-traditional, creative income and estate tax minimization, and dynamic investment risk manage­ ment strategies, the Personal CFO adapts the function of your wealth to meet the requisites of your lifestyle and responsibilities. Families with intergenerational wealth benefit even more, having a reliable resource to manage the family’s financial affairs after the family pa­triarch or matriarch passes away. Most wealth is lost by the third generation due to a lack of planning, oversight and beneficiary education. We provide the appropriate mix of all three.

Spend it elsewhere.

Administering wealth is not your specialty,  nor  should it be your burden. By identifying existing gaps in your plan and driving expense reduction through elimination of excess fees (usually due to inefficiency), paid to ad­visors, money managers and other professionals, the Personal CFO frees up capital for additional investment, protects your accumulated wealth, and positions you to maximize growth and profitability. Sit down with Steve Olson, Principal at Atlantic Wealth Partners. Schedule a no-cost, initial review of your exist­ ing structure and plan.

Steve Olson, CFP ®, AEP®

CEO of Atlantic Wealth Partners | Contributor

Steve Olson’s experience spans over a decade of focued tax planing, legal strategy interpretation, investment management, and advisory services to wealthy individuals and families throughout the U.S. Over the course of his still young career, Steve provides counsel and management on individual assets and portfolios ‐ encompassing a combination of securiteis, real estate, privately held businesses and thoer altenative investments ‐ ranging in value from $5 million to over $400 million in value. Steve is currently the Founder and CEO of Atlantic Wealth Partners in Jupiter, FL.