Business Transition Advisory Services
Our Private Bank Business Transition Advisory Team is exclusively focused on personally preparing and optimizing the financial outcome for business owners considering a transition through our robust business transition advisory services offering.
Read one business owner’s perspective on selling a middle market company
Helping business owners plan for and navigate transition.
Personal preparation is critical to optimizing financial and business outcomes in advance of a transition event. This remains true whether the transition involves sale to an outside buyer, passing to the next generation of family or selling to employees. As a business owner, you owe it to yourself, your family, your employees and your customers to plan ahead.
Business transitions are inevitable.
An effective transition is holistic in its approach and can require a full 36 months or more to effectively execute. Owners who allot sufficient time for personal planning—including time to consult with experts who can help them identify the full scope of issues to be addressed—almost always experience better outcomes for themselves and their families.
78% OF PRIVATELY OWNED
BUSINESSES
have transitioned in the past two years.
1/3 OF BUSINESS OWNERS
have done nothing to prepare for transition.
72% OF BUSINESS OWNERS
who prepare for their transition, spend less than 18 months doing so.
Owners are often missing an advisor who can link advice from external and internal specialists, thus creating more risk.
* The National Center for the Middle Market Survey on behalf of Fifth Third Bank.
Leveraging an in-depth discovery, data gathering, analytical and educational framework, our Business Transition Advisory Team meets you where you are in the process and helps you with the personal planning process as well as the business transition.
Personal Planning Process
- Financial planning
- Planning for life after exit
- Family roles and succession
- Tax optimization
- Legacy and Estate Planning Education and Advisor Coordination
- Wealth Transfer Advisory Services
Business Transition
- Assess value
- Employee communication
- Improved efficiency
- Legal paperwork organization
- Financials audited
- Assess risk
At Fifth Third Private Bank, our focus is firmly centered on you.
- Your business and personal needs can be addressed by a fluid and coordinated approach among our teammates.
- Your personal goals define the transition objectives, and we provide you with analysis on how your choices align.
- Our team works together with you and your outside advisors to gather information and coordinate processes.
- Our integrated approach seeks to guide and facilitate the implementation of our recommendations.
Meet the Team
Frieda Rakhman
Senior Vice President,
Managing Director,
Strategic Client Development
Morgan Luddeke
Senior Vice President,
Director,
Business Transition Advisor
Rebecca Juhant
Vice President,
Director,
Strategic Client Development
Sean Obermeyer
Senior Vice President,
Director,
Business Transition Advisor
Kate Beatty
Vice President,
Director,
Strategic Client Development
Eric Metzger
Vice President,
Director,
Business Transition Advisor
Nick Hudson
Assistant Vice President,
Senior Wealth Planning Analyst
Clay Tarro
Senior Vice President,
Director,
Strategic Client Development
Austin Picone
Director,
Strategic Client Development
Key Exit Considerations
Corporate Transparency Act
The Power of Section 1202
Buy-Sell Agreements & Tax Traps