Estate and Succession Planning for owner managed business.
We offer succession and estate planning the event of the owner manager seeking to retire, transitioning to other interests, or due to general incapacity to continue with the business.
“Our lives begin to end the day we become silent about things that matter.”
– Martin Luther King Junior
2. Group Insurance Benefits & Solutions for Employees
Employees are the most important asset to a business and their financial and physical weblling is important. We therefore assist owner managed businesses with cost-affordable insurance benefits for owner managed businesses with a minimum of 5 employees, such as :
i. Group life covers
ii. Group funeral covers
iii. Group disability covers
iv. Umbrella Pension funds
3. Business Assurance
Without adequate assurance on the livehood of the owner manager, who’s often crucial for business continuity, most businesses are bound to fail. Quantum Leap assists owner managers with the following business assurance solutions
“The law is the Public conscience”
– Thomas Hobbes
• Buy and sell agreements: This agreement is useful in a business partnership, when one of the business partners loses their life and the remaining partner needs to buy the equity or shareholding from the deceased partner. Quantum Leap will assist to provide cover that will pay-out upon the death of the business partner so that the remaining partner can use that money to buy shareholding left behind by the business partner.
• Key man risk cover: A Loss due to death of a key man such as a top sales person, a key business partner, or a key director of operations can be damaging to a business. We will provide key man risk cover that can help with the costs involved in replacing a key man and the opportunity costs involved with the loss of income that the key man used to generate.
• Contingent liability: In running a business sometimes taking a business loan to fund growth and projects becomes necessary. Unfortunately however the directors and or owner managers will be held liable in the event of a business defaulting on the loan because funders require collateral and surety against the loan. This collateral liability could entail directors losing their personal assets. We provide cover that will pay out when the owner manager/ directors and the business dissolves due to death so that the personal assets of the owner manager are not attached which can have an adverse impact on the family and those left behind.
• Business overheads cover: Overhead costs can get too expensive for a business to manage. In the event where the owner manager or director of a business is no longer able to work and function optimally to manage overheads and improve business viability, especially due to disability or death of the owner, we can provide a cover that will at least assist with paying for overhead expenses so as to maintain the solvency of the business.
4. Investment Consulting
As an institutional investor & business owner the biggest and hardest decision you have to make is how, where and with whom do you invest money to ensure growth and protection against income loss. We advise investors on appropriate funds and fund managers to invest with so as to optimise returns on your investment. We assist with the following key services
Investment Portfolio selection and multi-manager fund selection:
We assist in identifying and selecting appropriate assets to invest in, coupled with appropriate fund managers based on a carefully constructed investment mandate for institutional investors.
Independent Performance, risk and compliance reporting:
We provide an independent report and evaluation on the performance of funds allocated to fund managers to ensure alignment with investment goals and objectives of our clients. We also assess risk and compliance elements at a fund manager level.
Investment Policy statement and Strategy Formulation :
We assist with the creation of appropriate investment policies and strategies for your business.
5. Employee Benefits Consulting
Institutional investors, owner-manager and employees are often ‘’left in the dark’’ in terms of understanding how to design appropriate benefits, plan accurately for retirement and execute financial wellness programmes designed to ensure that employers and employees alike are adequately protected against income loss through investment and risk cover. We provide clarity, by consulting and advising on matters such as;
- Fiduciary services for all employees, institutional clients and businesses (Wills and Estate Planning): We assist in the provision of wills and proper estate planning in the personal estates and assets as members of pension funds and institutional clients and businesses.
- Individual, Group and Corporate Retirement planning: we assist with the planning, design and execution of appropriate retirement product based on a customised needs assessment for members, employees and employers ( i.e. corporates, SMEs and institutional clients).
6. Outsourced Insurance administration
We partner with Insurers and offer outsourced administrative services on insurance products so that you as our client pay less for insurance products and solutions we offer. We focus on administering the following products ;
• Funeral Covers
• Life Covers
• Retirement benefits
• Group life covers
• Group disability covers