Employee Stock Ownership Plans: Latest Trends and Opportunities

Date: Monday, December 4, 2017
Time: 12:00pm - 1:15pm
Location: MAC 405 Washington Avenue
Speaker: Daniel M. Zugell

Click HERE to register and get a ticket

About the talk: 

: This presentation examines how Employee Stock Ownership Plans (ESOPs) are a very tax advantaged method of transferring a closely held business from one generation to the next or key management and enhance the practice of financial professionals as their clients seek advice regarding their exit strategy. ESOPs offer many advantages, tax and otherwise, to the selling shareholder who desires full or partial liquidity as well as the sponsoring company, the employees and community. The four major ESOP tax advantages will be discussed in addition to corporate control, structuring alternatives, the state of the art financing techniques and current trends.  The numerous applicable investment and insurance related financial products and services opportunities will also be examined.

CE

CPE Learning Objectives

Attendees will gain understanding of the following: 

Basic ESOP structure

Profile of an ESOP candidate

Four major ESOP tax advantages

Current financing techniques

Estate Planning opportunities

Control and Valuation Issues

Advisors’ roles and opportunities

Delivery Method: Group-live setting

Earn 1 CPE Credits for this session. Number of credit hours earned based on 50 minutes of talk. Change if more than one hour.

Field of Study:  Specialized Knowledge and Applications

Program Level Intermediate

Prerequisites – There are no prerequisites or advanced preparation for this session – Change if there are any prerequisites.

Who should attend? Any advisor who has or will have clients that may be considering a tax-advantaged exit strategy while preserving jobs as well as the family and community legacy

CFP 

Program Summary: This presentation examines how modern Employee Stock Ownership Plans (ESOPs) not only remain a very tax advantaged method of transferring a closely held business from one generation to the next or key management but also how current corporate structuring methods and creative financing techniques create unapparelled current and future seller benefits and corporate growth opportunities.  Additionally, the four major ESOP tax advantages will be discussed in addition to corporate control and valuation, The offering will also address the advisors’ services associated with ESOPs that will enhance the practice of financial professionals as their clients seek advice regarding their exit strategy

Learning Objective(s): 

Attendees will gain understanding of the following: 

Basic ESOP structure

Profile of an ESOP candidate

Four major ESOP tax advantages

Current financing techniques

Estate Planning opportunities

Control and Valuation Issues

Advisors’ roles and opportunities

Level of Complexity Intermediate

Bio: Dan is Senior Vice President of the national  consulting firm,  Business  Transition  Advisors, Inc. (BTA) and oversees the Central U.S division. BTA is a nationally  recognized  firm dedicated to assisting owners of closely held businesses with their business succession and liquidity planning with nationally recognized expertise in the education, design and implementation  of Employee  Stock  Ownership Plans  (ESOPs).

Dan joined BTA with experiences spanning many financial service disciplines including investments, insurance, fee-based financial planning, executive benefits and ESOP implementation and repurchase liability financing as Regional Director-Central U.S. for MetLife Group’s Institutional Specialized Benefit Resources and  Guardian  Insurance Company. Previously, Dan held several positions with General American/MetLife where as Executive Director of Sales, managed the largest financial producer group relationships and oversaw the implementation of complex cases and strategic marketing concepts and sales initiatives.

Dan had risen to a nationally recognized thought leader in numerous aspects of ESOP related topics with special expertise in forecasting and managing the corporate repurchase liability inherent to privately held ESOP companies while Executive Director of GenAmerica’s and MetLife’s ESOP Departments. While the head of MetLife’s ESOP Department, he designed, implemented and successfully marketed innovative financing methods to address the legal  and fiduciary obligation to “buy back” stock from exiting plan participants.

Dan continues to be a sought after speaker and author throughout the country including numerous local and national financial, legal and accounting industry meetings and symposiums (SFSP, FPA, EPC, NAIFA,  CLE,  CPE).  Dan and BTA  are also frequent  speakers and consultants to the some of the nation’s largest insurance companies, broker dealers, banks and insurance producer groups. Dan has authored pieces in numerous publications including the prestigious Journal of Financial Service Professionals with his article titled “Executive Benefits for ESOP-Owned S Corporations”  and Wealth Counsel  Magazine as well  as being quoted in TD Ameritrade’s Institutional Advisor Solutions and Employee Benefit Advisor  magazines  and others.

Dan holds a B.A. from Grove City College and has earned advanced financial designations  from The American College including Chartered Financial Consultant, Chartered Life Underwriter and Life Underwriter Training Council Fellow. Dan and BTA are also proud Industry Partners of Forum 400. Dan is Past President of the Society of Financial Service Professionals-Pittsburgh Chapter, Past-Chair of the Pittsburgh Business Ethics Awards, Member: National Association of Estate Planners, The ESOP Association, The National Center for Employee Ownership, Ambassador/Strategic Planner for the Pennsylvania Center for Employee Ownership and Northway  Christian  Community  Church.

 

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