Business Owners & Individuals
How We Helped...
A Business Owner
A client owned a business and had several desired changes they wanted to implement to their corporate retirement plan design, specifically aimed at recruiting and retaining top talent.
DeNovo Advisory Group professionals performed a Corporate Retirement Plan (CRP) Audit of the client’s existing 401(k) plan. With their findings, a new request for proposal (RFP) was submitted and resulted in a significant cost reduction. This, along with increased efficiencies in plan design, solved several fiduciary liabilities.
The client was also able to access the DeNovo Advisory Group’s employee education service model that provided a dramatic improvement from the incumbent advisor.
A client had maintained a portfolio of 17 separate life insurance policies. The client purchased these policies at various points in his business and personal life, but never performed a comprehensive review of his insurance portfolio.
The DeNovo team audited the client’s policies and delivered a Product, Performance, and Health (PPH) report.
Due to the thorough review of the client’s insurance portfolio, he was able to inject capital into his business by liquidating several polices totaling in over $100,000 in cash value, reduce remaining premiums by over $60,000 per year by simplifying to just seven total policies and increase the total amount of coverage his business owned on his life for key man purposes.
After going through our process, our clients can be confident that there is no better strategy in the industry for their needs.
Securities offered through Equitable Advisors, LLC (NY, NY 212-314-4600), member FINRA/SIPC (Equitable Financial Advisors in MI & TN). Investment advisory products and services offered through Equitable Advisors, LLC, an SEC registered investment advisor. Annuity and insurance products offered through Equitable Network, LLC, which conducts business in CA as Equitable Network Insurance Agency of California, LLC, in UT as Equitable Network Insurance Agency of Utah, LLC, in PR as Equitable Network of Puerto Rico, Inc. Equitable Advisors and its affiliates do not provide tax or legal advice. Please consult your tax and legal advisors regarding your particular circumstances. Individuals may transact business, which includes offering products and services and/or responding to inquiries, only in state(s) in which they are properly registered and/or licensed. The information in this website is not investment or securities advice and does not constitute an offer. For more information about Equitable Advisors, LLC you may visit https://equitable.com/crs to review the firm’s Relationship Summary for Retail Investors and General Conflicts of Interest Disclosure.
DeNovo Advisors Group is not a registered investment advisor and is not owned or operated by Equitable Advisors or Equitable Network.
PPG: 148294 (Rev. 6/15/20) (Exp. 6/24)