A good wealth management plan can help you before, during, and after a dental practice sale. But where do you even start? Do you just hire a regular wealth advisor and take it from there?

The thing about wealth that’s tied up in a dental practice is that your typical wealth advisor may not be equipped to handle the finer details. What you need is a specialist or someone who knows the dental industry.

In this episode, we speak with Tim McNeely, Wealth Advisor and VP at Farther and CEO/Founder of The Dental Exit Institute. He also hosts The Dental Wealth Nation Show and is the author of ‘Dental Wealth Nation: 7 Steps to Decrees Taxes, Increase Impact, and Leave Your Lasting Legacy.’

Tim has plenty of advice for practice owners thinking of selling, whether soon or far in the future. In Tim’s words, it’s never too early to start planning an exit. We hear why the sale of your practice is not an end point for your wealth journey and how the four pillars of advanced wealth planning can set you up for life.

BONUS: To learn more from Tim, don’t miss his generous offer at the end of this episode where he explains how to get a free copy of his book!

In This Episode:

Tim explains his background in wealth management in the dental space
Why dentists should start planning their exit on day one
What do the dentists who walk away with the best deals do differently?
Ways to reduce tax liability
What to do if you’re not ready to sell just yet
The four elements of advanced planning
The experts you need on your team
What dentists should consider to effectively manage wealth
How a virtual family office can help
Tim’s latest certification and how he helps dentist
Bonus: how to grab a free copy of Tim’s book

Resources:

Follow Dental Pitch Brokerage on LinkedIn: https://www.linkedin.com/company/dentalpitch/
Visit our website: https://dentalpitchbrokerage.com/
Connect with Tim on LinkedIn: https://www.linkedin.com/in/timmcneely/