Why Business and Personal Money Can't Stay Separate with Ryan Staton | Financial Planner Search

<p>In this episode of Financial Planner Search, Ryan Staton, managing partner and co-founder of Staton Walsh, explains why the old advice to keep work and home life separate falls apart the moment you own the company. For a business owner, the two are already tangled, the succession plan is a family conversation, the balance sheet is a retirement plan, and nobody is treating them as one thing. Ryan's firm exists to put them back together.<br /></p><p>Most of his work lives in construction: trades contractors and government contractors, largely between Philadelphia and Northern Virginia. He walks through the prevailing wage math that decides whether a contractor can afford to offer benefits at all, the fringe dollars on a public contract, the 20 to 35 cents of payroll burden riding on every dollar paid in cash, and what a company can do with that money instead. It's a technical strategy with a very human reason behind it. Ryan grew up in a blue collar household, and the line he keeps coming back to is the one he hears from guys on the job site: "I'm going to do this as long as I physically can."<br /></p><p>He also shares how the firm measures itself. Not assets under management. The ten year goal is 20,000 people in their retirement plans, 500 families served, and 50 successful business exits. Big enough to serve the clients they have, small enough to still care.<br /></p><p>Takeaways</p><p>* Building the bridge between business life and personal life</p><p>* Prevailing wage strategy that funds benefits instead of payroll tax</p><p>* Measuring a practice by impact, not assets under management</p><p>* A behavioral questionnaire that tailors the process to each client</p><p>* Intentional, boutique growth including a waiting list.<br /></p><p>Chapters</p><p>* 00:00 Building the bridge between business and personal</p><p>* 02:59 An accidental origin story in wealth management</p><p>* 05:35 Why they left to start Staton Walsh</p><p>* 07:31 Staying small on purpose</p><p>* 09:44 The construction niche: trades and government contractors</p><p>* 13:53 Prevailing wage, fringe dollars, and the 25-cent problem</p><p>* 18:07 Retiring with dignity in a physically demanding trade</p><p>* 19:15 Reputation, referrals, and the ABC partnership</p><p>* 21:45 Ten year goals measured in people, not assets</p><p>* 25:10 The real bottleneck: finding advisors who share the mission</p><p>* 29:53 Discovery, strategy, implementation and the behavioral questionnaire</p><p>* 35:18 What the first 90 days and the years after look like</p><p>* 39:11 Where to find Staton Walsh<br /></p><p>You can find them at: <a rel="noopener noreferrer nofollow" href="http://www.statonwalsh.com" target="_blank">www.statonwalsh.com</a><br /></p><p>If you are a financial advisor looking to grow your business you can find out more about Wilnau Design at <a rel="noopener noreferrer nofollow" href="https://www.wilnaudesign.com/" target="_blank">https://www.wilnaudesign.com/</a><br /></p><p>#financialplanning #finance #financialplannersearch #constructionindustry #businessexit #401k</p>