5 Reasons a Small Business Needs a Financial Advisor


As a small business owner, you undoubtedly know the ins and outs of your own industry. You’ve planned, researched, and organized, which likely has you thinking you have all the information you need right under your roof. Maybe you’ve hired an accountant or bookkeeper, which leaves you with one burning question: “why would I need a financial professional to work with me?” The answer is simple— they can offer valuable guidance for the complicated topics you may not have mastered. Here’s a list of 5 great reasons that your business could benefit from a financial professional.

  1. Employee benefits program

Great talent is one of the keys to having a successful business, and one of the ways you attract and retain it is with a top-notch benefits program. A good financial professional can help a company build theirs from the ground up, whether you’re after a high-performing 401(k) or comprehensive medical coverage. They will work with you to figure out the best benefit strategy based on your needs.

  1. Provide tax strategies to help before it’s too late

The last thing you want as a small business CEO is a financial surprise during tax season. Working with your tax advisor, a financial professional can help you implement strong tax strategies before you even have taxable income, which can lower the amount you owe come dreaded filing day. Not to mention, they can also give you the time to focus on running your company and not your taxes.

  1. Find the right insurance

Every business is different in size and needs, but one factor they all have in common is the need for insurance. Have you thoroughly examined your requirements for disaster or business continuation insurance? Do you know if you need key person insurance for your organization?

These are all questions that a financial professional can answer for you. If you don’t have protection in place, you could have a costly disaster on your hands should the worst happen. A financial professional will help you create a customized insurance plan that suits your company to a T.

  1. Personal Financial Planning

After a long hard day of rocking the business world, you might not have the energy to think about your cash flow. Crunching numbers may not come easily to you, or there might not be enough hours in the day to do that and take care of all of your other responsibilities.

Still, it’s important to know how much money goes in and out of your company, and this is just another instance where sitting down with a professional, such as an accountant or financial advisor can help.

  1. A solid exit plan

No matter how much you love your seat at the helm of your company now, at some point you’re going to want to retire. Having a good exit plan in place will allow you to sell or leave your business on the best possible terms. A financial professional can help you craft the perfect plan so that you can have a line of succession in place or they can help maximize the sale of your business.

These are just a few of the many ways that a financial professional can benefit your business, so what are you waiting for? Get in touch with one today, so you won’t miss a moment of their invaluable knowledge and experience.

Securities offered through AXA Advisors, LLC (NY, NY 212-314-4600), member FINRA, SIPC. Investment advisory products and services offered through AXA Advisors, LLC, an investment advisor registered with the SEC.  Annuity and insurance products offered through AXA Network, LLC.  AXA Advisors and its associates do not offer tax or legal advice. AGE-141678 (1/19)(Exp. 1/21)

About Dayton & Sydney

Dayton & Sydney Wealth Strategies Group is a financial advisory company built on a legacy of hard work and customer service. As an elite producer group of AXA Advisors, we use a solid, innovative and long-term approach to help you accomplish your biggest dreams.

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